Vietnam Recycled Plastics Market Introduction and Overview
According to SPER Market Research, the Vietnam Recycled Plastics Market is estimated to reach USD XX billion by 2033 with a CAGR of 7.84%.
The report includes an in-depth analysis of the Vietnam Recycled Plastics Market, including market size and trends, product mix, distribution channels, and supplier analysis. Plastic is all around us in massive quantities, accounting for nearly 90% of global municipal waste. Because this waste accumulates on land that could be used for other purposes, recycling plastic provides an effective solution for clearing these landfill spaces. Plastic recycling entails reprocessing post-consumer or post-industrial plastics rather than virgin resin. Plastic is also recycled during the manufacturing process of polyethylene films and bags. A significant portion of these plastics are then used to make a variety of products such as footwear, bags, toys, fabrics, toothbrushes, and so on.
Market Opportunities and Challenges
Opportunities: Advanced Recycling Technology Development: Investing in advanced recycling technologies can improve the efficiency and quality of the recycling process. Chemical recycling and depolymerization techniques, for example, have the potential to recycle a broader range of plastics and produce high-quality recycled materials. Collaboration among Industry Players: Collaboration among manufacturers, recyclers, and other stakeholders is critical for establishing a sustainable recycling ecosystem. Joint efforts can assist in overcoming infrastructure challenges, improving collection and sorting processes, and ensuring the availability of consistent and high-quality recycled plastics.
Challenges: Waste Administration Infrastructure Is Limited: Vietnam's waste management infrastructure is still in its early stages, with difficulties in collection, segregation, and recycling processes. The lack of adequate infrastructure impedes efficient recycling of plastic waste, limiting market growth. Plastics that are not recyclable or are difficult to recycle include multi-layered packaging and certain thermoset plastics. Plastics that are non-recyclable or difficult to recycle limit the amount of plastic waste that can be effectively recycled.
Lack of Customer Awareness: Despite initiatives to increase public awareness regarding plastic waste and recycling, many Vietnamese consumers are still unaware of the advantages of using recycled plastics. The market for products made from recycled plastic may be hampered by ignorance.
Market Competitive Landscape
The Vietnam Recycled Plastics market is extremely consolidated. Vinh Thanh Corporation, Trinh Nghi Joint Stock Company, Import and Export Joint Stock Company Suwon Vina, Quynh Quyen Hung Yen Trading & Production Company Limited, Trang Yen Plastic Trading Company Limited, Hung Phu Plastic Investment Company Limited, Tran Thanh Phat Company, Tin Thanh Plastic Production - Trading Co. Ltd, Hiep Phat Plastic Trading Manufacturing Co. Ltd. and Thien Phuoc Production & Trading Co. Ltd.. These are the key players for Recycled Plastics in Vietnam.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Material, By Application
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| Regions covered | Central Region, Southern Region, Northern Region
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| Companies Covered | Vinh Thanh Corporation, Trinh Nghi Joint Stock Company, Import and Export Joint Stock Company Suwon Vina, Quynh Quyen Hung Yen Trading & Production Company Limited, Trang Yen Plastic Trading Company Limited, Hung Phu Plastic Investment Company Limited, Tran Thanh Phat Company, Tin Thanh Plastic Production - Trading Co. Ltd, Hiep Phat Plastic Trading Manufacturing Co. Ltd. and Thien Phuoc Production & Trading Co. Ltd.
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COVID-19 Impact on Vietnam Recycled Plastics Market
The pandemic-related reduction in industrial activity, disruption of global supply chains, and economic downturn have all had an adverse effect on the collection and handling of plastic wastewater. Due to this, recycled plastics are becoming harder to find and supply. Resilience and Recovery: Because of the pandemic, environmental responsibility and sustainability have become more important, even in the short term. The demand for sustainable solutions is growing among consumers, businesses, and governments, and this can propel the recycled plastics market's long-term expansion.
Key Target Audience:
- Plastic Manufacturers
- Recycling Companies
- Government and Regulatory Bodies
- Environmental Organizations
- Consumers
- Trade Associations
Our in-depth analysis of the Vietnam Recycled Plastics Market includes the following segments:
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By Material: |
Polyethylene Terephthalate
Polypropylene
High Density Polyethylene
Others
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By Application: |
Non-Food Contact Packaging
Food Contact Packaging
Construction
Household Products
Others
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By Region: |
U.K
Northern Region
Southern Region
Central Region
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Key Topics Covered in the Report:
- Vietnam Recycled Plastics Market Size (FY’2023-FY’2033)
- Overview of Vietnam Recycled Plastics Market
- Segmentation of Vietnam Recycled Plastics Market By Material (Polyethylene Terephthalate, Polypropylene, High Density Polyethylene, Others)
- Segmentation of Vietnam Recycled Plastics Market By Application ( )
- Statistical Snap of Vietnam Recycled Plastics Market
- Expansion Analysis of Vietnam Recycled Plastics Market
- Problems and Obstacles in Vietnam Recycled Plastics Market
- Competitive Landscape in the Vietnam Recycled Plastics Market
- Impact of COVID-19 and Demonetization on Vietnam Recycled Plastics Market
- Details on Current Investment in Vietnam Recycled Plastics Market
- Competitive Analysis of Vietnam Recycled Plastics Market
- Prominent Players in the Vietnam Recycled Plastics Market
- SWOT Analysis of Vietnam Recycled Plastics Market
- Vietnam Recycled Plastics Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Recycled Plastics Market
5. Market variable and outlook5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape6.1. Vietnam Recycled Plastics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Recycled Plastics Market
7. Vietnam Recycled Plastics Market, By Material (USD Million)7.1. Vietnam Recycled Plastics Market Value Share and Forecast, By Material, 2023-2033
7.2. Polyethylene Terephthalate
7.3. Polypropylene
7.4. High Density Polyethylene
7.5. Others
8. Vietnam Recycled Plastics Market, By Application (USD Million)8.1. Vietnam Recycled Plastics Market Value Share and Forecast, By Application, 2023-2033
8.2. Non-Food Contact Packaging
8.3. Food Contact Packaging
8.4. Construction
8.5. Household Products
8.6. Others
9. Vietnam Recycled Plastics Market Forecast, 2019-2033 (USD Million)9.1. Vietnam Recycled Plastics Market Size and Market Share
10. Vietnam Recycled Plastics Market, By Material, 2019-2033 (USD Million)10.1. Vietnam Recycled Plastics Market Size and Market Share By Material (2019-2026)
10.2. Vietnam Recycled Plastics Market Size and Market Share By Material (2027-2033)
11. Vietnam Recycled Plastics Market, By Application, 2019-2033 (USD Million)11.1. Vietnam Recycled Plastics Market Size and Market Share By Application (2019-2026)
11.2. Vietnam Recycled Plastics Market Size and Market Share By Application (2027-2033)
12. Vietnam Recycled Plastics Market, By Region, 2019-2033 (USD Million)12.1. Vietnam Recycled Plastics Market Size and Market Share By Region (2019-2026)
12.2. Vietnam Recycled Plastics Market Size and Market Share By Region (2027-2033)
12.3. U.K
12.4. Northern Region
12.5. Southern Region
12.6. Central Region
13. Company Profile13.1. Hiep Phat Plastic Trading Manufacturing Co. Ltd.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Hung Phu Plastic Investment Company Limited
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Import and Export Joint Stock Company Suwon Vina
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Quynh Quyen Hung Yen Trading & Production Company Limited
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Thien Phuoc Production & Trading Co. Ltd
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Tin Thanh Plastic Production - Trading Co. Ltd.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Trang Yen Plastic Trading Company Limited
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Tran Thanh Phat Company
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Trinh Nghi Joint Stock Company
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Vinh Thanh Corporation
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
