Market Size of Vietnam Plastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 10.92 Million tons |
| Market Volume (2029) | 16.36 Million tons |
| CAGR (2024 - 2029) | 8.44 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Vietnam Plastic Market Analysis
The Vietnam Plastics Market size is estimated at 10.92 Million tons in 2024, and is expected to reach 16.36 Million tons by 2029, growing at a CAGR of 8.44% during the forecast period (2024-2029).
The COVID-19 pandemic affected the Vietnamese market negatively. However, with the resumption of work in major end-user industries, the market is estimated to have reached pre-pandemic levels.
- In the short term, the increasing demand from the construction industry is expected to drive market growth.
- Over-reliance on imports of raw materials and finished plastics is expected to hinder the growth of the market.
- An increase in foreign investments is expected to offer various opportunities for the growth of the market.
