Analysis of Vietnam Cartonboard Paper Market and Major Players

The Vietnam cartonboard paper market is forecasted to reach USD 637.5 million by 2030, growing at a CAGR of 10.6% from 2023 to 2030.

This growth is attributed to the rising demand for eco-friendly packaging solutions, increased consumer product consumption, and the burgeoning e-commerce sector. Nonetheless, the market's expansion is restrained by unstable raw material prices. On the other hand, the development of innovative and customizable sustainable packaging solutions presents significant opportunities. Challenges include the reduced use of printed packaging materials, while smart packaging trends are on the rise.
Here are the top 10 companies operating in the Vietnam Cartonboard Paper Market

Leading Companies in the Vietnam Cartonboard Paper Market:

1. Kraft of Asia Paperboard & Packaging Co., Ltd. Located in Ba Ria-Vung Tau Province and operational since 2018, Kraft of Asia Paperboard & Packaging Co., Ltd. (KOA) boasts a production capacity of 400,000 tons annually. As a subsidiary of Japan’s Marubeni Corporation, KOA emphasizes the use of recycled materials and operates a modern wastewater treatment facility.

2. Vina Kraft Paper Co., Ltd. Vina Kraft Paper Co., Ltd., based in Binh Duong Province, is a major producer with a capacity of 500,000 tons per year. This joint venture between Siam Kraft Industry and Rengo Company produces a range of paper packaging products and has a robust export network within ASEAN.

3. SONG LAM Trading & Packaging Production CO., Ltd. Founded in 2003 in Hanoi, SONG LAM offers comprehensive folding carton packaging solutions, focusing on the pharmaceutical and food industries. Its facility in Quang Minh Industrial Zone is equipped with cutting-edge technology for paperboard and plastic carton production.

4. Vietnam Paper Corporation Established in 1976 and headquartered in Phu Tho Province, Vietnam Paper Corporation has a diverse portfolio in afforestation, paper, and pulp production. Its facilities have a substantial production capacity, including 75,000 tons of bleached pulp and 120,000 tons of printing and writing paper annually.

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5. Thuan An Paper Service Trading Joint Stock Company Founded in 1995 and located in Binh Duong and Binh Phuoc provinces, Thuan An Paper Service Trading Joint Stock Company produces 650,000 tons of paper annually. Its main products include Kraftop Liner paper, Test paper-liner, and Medium paper.

6. Saigon Paper Corporation Since 1997, Saigon Paper Corporation has been a key figure in Vietnam’s paper industry, known for producing 100% recycled paper products. With two mills in Ba Ria – Vung Tau Province, the company’s total production capacity is 224,640 tons per year.

7. Xuan Mai Paper Co., Ltd. Xuan Mai Paper Co., Ltd., founded in 2004 and headquartered in Ho Chi Minh City, specializes in high-quality carton and consumer papers. The company serves a wide range of sectors and has invested in advanced wastewater treatment technologies.

8. Dong Tien Packaging and Paper Co., Ltd Dong Tien, established in 1994 in Ho Chi Minh City, is a leader in the recycling paper industry. It produces a variety of paper products, including White Top Liner and Testliner papers, using state-of-the-art technology from global suppliers.

9. MY HUONG PAPER MANUFACTURING MY HUONG PAPER MANUFACTURING, founded in 2008 in Hai Phong, focuses on duplex paper production. Its strategic location near Hai Phong Port and advanced facilities position it to become a leading duplex paper manufacturer by 2025.

10. Miza Nghi Son Co., LTD Miza Nghi Son Co., LTD, established in 2018 in Thanh Hoa Province, is a prominent manufacturer of packaging paper. The company emphasizes recycling and high-quality production, offering medium, testliner, and duplex paper for both domestic and international markets.

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