Factsheet with basic information about plastic packaging industry in Vietnam.

1. 5. KEY FEATURES
2. MARKET SIZE
1. MARKET SEGMENTATION
Source: StoxPlusSource: StoxPlus
Vietnam Plastic Packaging Market Size and Growth
Source: StoxPlus
Plastic
Packaging
(US$3.9bn)
Flexible
Packaging
(US$834mn)
Rigid Packaging
PET containers
(US$652mn)
Caps & Closure
2,331.3
2,939.9 2,947.9
3,534.8
3,924.1
33.4%
26.1%
0.3%
19.9%
11.0%
0%
10%
20%
30%
40%
50%
0
1,000
2,000
3,000
4,000
5,000
2010 2011 2012 2013 2014
US$million
Market size Growth rate (%)
According to StoxPlus’ estimation, Vietnam plastic packaging sized at US$3.9bn by 2014 end, posting an impressive CAGR of
13.9% in the period 2010 – 2014. Of which, flexible packaging and PET bottles are the highest value segments, accounting for
21% (US$834mn) and 17% (US$652mn), respectively. In addition, the export value of plastic packaging products reached US$
2.1 billion.
In term of competitive landscaping, Vietnam plastic packaging is very fragmented with more than 700 firms in 2014 which
are mainly located in the South. PET bottles segment is dominated by local players namely Ngoc Nghia and Bao Van. Mean-
while, flexible packaging witnesses the fierce competition between two main groups of players: (i) domestic players including
Tan Tien, Thanh Phu, Liksin, and Rang Dong; and (ii) foreign-owned players including Tin Thanh (SCG Thailand), Huhtamaki,
Ngai Mee, Tong Yuan, and J.S Packaging.
Vietnam plastic packaging is forecasted to expanse by 15 – 20% y-o-y until 2020 thanks to increasing domestic demand from
beverage and packaged foods. In 2014, total soft drink market valued at US$3.59bn, posting an increase by 20% compared to
2013 while packaged food market sized at US$8.88bn. With the recovery in economics and increased westernization in life-
style, beverages and packaged food in Vietnam would perform well in the next few year, creating potentials for plastic
packaging manufacturers.
Vietnam Plastic Packaging Structure
Flexible
packaging
21%
PET
bottles
17%
Other
62%
Market Share of Plastic Packaging Sector
by Segment, 2014
3. MARKET SHARE 4. KEY FINANCIALS OF TOP 10 PLAYERS
(listed companies only)
Source: StoxPlus
Company
% Market
Share
Total Assets
(US$ Million)
Net Revenue
(US$ Million)
EBITDA
(US$ Million)
ROA ROE
Ngoc Nghia Industry - Service -
Trading
2.28% 87.56 89.32 12.35 1.12% 3.45%
An Phat Plas c 1.86% 66.42 72.91 6.47 3.65% 7.11%
Tan Tien Plas c Packaging 1.80% 55.06 70.75 6.63 2.96% 6.32%
Dong A Plas c 1.32% 37.12 51.76 3.80 3.97% 16.10%
Rang Dong Plas c 1.29% 34.85 50.44 3.82 3.40% 10.06%
Saigon Plas c Packaging 0.89% 34.55 34.83 3.75 1.16% 3.71%
Tan Dai Hung Plas c 0.88% 30.37 34.66 1.57 1.79% 3.77%
Tan Phu Plas c 0.80% 14.81 31.28 2.44 3.93% 15.60%
Vegetable Oil Packing 0.36% 11.01 13.94 1.83 10.39% 14.09%
Do Thanh Technology Corp. 0.13% 6.91 5.02 0.59 2.30% 2.88%
If you want to have further information, please contact person below:
Research
Ms. Lan Nguyen
Senior Manager
lan.nguyen@stoxplus.com
+84(4) 35626962 (ext.109)
Business Information
Ms. Hue Vuong
Managing Director
hue.vuong@stoxplus.com
+84(8) 38233485 (ext.802)
Financial Information
Ms.Trang Truong
Managing Director
trang.truong@stoxplus.com
+84(4) 35626962 (ext.114)
Research Business Information Financial InformationResearch Business Information Financial Information
Plastic Packaging
FACT SHEET
Dated September 25th 2015