Vietnam Recycled Plastics Market Growth, Size, Trends, Revenue, Challenges and Future Outlook

Vietnam Recycled Plastics Market Size- By Material, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Vietnam Recycled Plastics Market Size- By Material, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2023 Report ID: CHEM23112 Pages: 1 - 107 Formats*:     
Category : Chemical & Materials
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.

Vietnam Recycled Plastics Market
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.

Vietnam Recycled Plastics Market


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 coveredBy Material, By Application
 Regions coveredCentral Region, Southern Region, Northern Region
 Companies CoveredVinh 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.

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:
By Material:
  • Polyethylene Terephthalate
  • Polypropylene
  • High Density Polyethylene
  • Others
  • By Application:
  • Non-Food Contact Packaging
  • Food Contact Packaging
  • Construction
  • Household Products
  • Others
  • By Region:
  • U.K
  • Northern Region
  • Southern Region
  • Central Region
  • 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. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. 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 Dynamics
    4.1. 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 outlook
    5.1. 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 Landscape
    6.1. 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 Profile
    13.1. 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Vietnam Recycled Plastics Market CAGR of 7.84% during the forecast period.
    Vietnam Recycled Plastics Market size is USD XX billion from 2023 to 2033.
    Vietnam Recycled Plastics Market is Segment is covered By Material, By Application.
    The Asia Pacific is anticipated to have the highest market share in the Vietnam Recycled Plastics Market.
    The key players in the market include 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.
    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.
    Vietnam Recycled Plastics Market is projected to reach USD XX billion by 2033, growing at a CAGR of 7.84 %during the forecast period.
    Vietnam Recycled Plastics Market from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 7.84%during the forecast period.
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