Vietnam Plastic Recycling Market By Industry Size, And Share, Manufacturers, Demand, Forecast 2027 - TechSci Research

Vietnam plastic recycling market is anticipated to grow with over 6% CAGR value during the forecast period, 2023-2027. The volume share of the market in the year 2021 was 470 thousand tonnes. Government’s favorable initiatives to decrease the usage of plastic wraps, and growing demand for the recycling of the plastic products to avoid disposition of plastic carelessly is further driving the growth of the Vietnam plastic recycling market in the upcoming five years. Rising concerns among the population regarding degrading environment and threat to the ecosystem due to accumulating plastics is also supporting the growth of the Vietnam plastic recycling market.

Reprocessing of plastic waste such that new product can be manufactured, or the plastic waste can be disposed easily is the process termed as plastic recycling. Plastic recycling can help in reduction of plastic waste filling the landfills, conserve resources and thus save the environment from degradation. Well maintained and multiple stage process of waste collection, categorization & separation, removal of impurities, shredding, resizing, and compounding modulates plastic recycling.


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High Demands For Plastic Drives Market Growth

Use of plastics and wraps have been ever increasing world wide and the situation is Vietnam is similar. With the surging demands for plastics in multiple industries for packaging, consumer goods, electronics, automotives aviation, textiles, etc. In the year 2019, Vietnam produced 8.89 million tonnes of plastics that contributed USD17.5 billion to its economy that is 6.7% of the GDP of the country. With such high production and consumption, the plastics raise high concerns for its disposals too. Although only 25% of the total production enters the recycling process, while the rest 75% is disposed into ocean untreated.

Understanding the hazards of plastic accumulation for the environment, the government of Vietnam has established various national plastic waste management programs, though the goals for the management are not being achieved. The government has also proceeded to increase the awareness among the population regarding plastic recycling, plastic waste management, and using products made of recycled plastic.


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Market Segmentation

The Vietnam plastic recycling market is segmented by type, source, method, end user, competitional landscape, and regional distribution. Based on type, the market is further segmented into polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS) and others. By source, the market is fragmented into bottles, films, fibers, foams and others. Based on method, the market is bifurcated between thermal, chemical, mechanical, and landfill. By end user, the market is sub-segmented into packaging, building & construction, textile, automotive, electrical & electronics and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, and Southern region.

Company Profile

Thang Long Talimax, Cong Ty Co Phan Cap Nhua Vinh Khanh, Cong Ty Tnhh Thuong Mai Nhua Hop Thuan, BASF Vietnam Limited., Veolia Vietnam Private Limited, SEUZ Vietnam, Tin Thanh Plastic Manufacturing, VItaMat Jsc., IAV Global Limited Co., Co So Nhura Chi Hien, among others is a partial list of major market players of the companies responsible for the growth of Vietnam plastic recycling market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Thousand Tonnes, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

        Type

        Source

        Method

        End User

Regional scope

Northern region, Central region, and Southern region

Key companies profiled

Thang Long Talimax, Cong Ty Co Phan Cap Nhua Vinh Khanh, Cong Ty Tnhh Thuong Mai Nhua Hop Thuan, BASF Vietnam Limited., Veolia Vietnam Private Limited, SEUZ Vietnam, Tin Thanh Plastic Manufacturing, VItaMat Jsc., IAV Global Limited Co., Co So Nhura Chi Hien

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Vietnam plastic recycling market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Plastic Recycling Market, By Type:
    • Polyethylene Terephthalate (PET)
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polyvinyl Chloride (PVC)
    • Polystyrene (PS)
    • Others
  • Vietnam Plastic Recycling Market, By Sales Channel:
    • Bottles
    • Films
    • Fibers
    • Foams
    • Others
  • Vietnam Plastic Recycling Market, By Method:
    • Thermal
    • Chemical
    • Mechanical
    • Landfill
  • Vietnam Plastic Recycling Market, By End User:
    • Packaging
    • Building & Construction
    • Textile
    • Automotive
    • Electrical & Electronics
    • Others
  • Vietnam Plastic Recycling Market, By Region:

o   Northern Region

o   Central Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam plastic recycling market.

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