According to the report analysis, ‘Vietnam Pulp And Paper Industry Comprehensive Report
Q1/2020’ states that in Vietnam pulp and paper market there
are numerous companies which presently operating more actively for leading the
fastest market growth and accounting the handsome value of market share around
the region throughout the forecast duration while spreading the awareness
related to the applications of pulp and paper, decreasing the linked cost,
employing the intellectual workforce, increasing the applications, durability,
productivity and strength related to the pulp and paper, implementing the
profitable strategies and studying the strategies and policies of competitors
includes Diana Unicharm Joint Stock Company, Kimberly-Clark Viet Nam Co, Ltd, Kraft
Vina Co, Ltd, Sai Gon paper JSC, An Hoa paper JSC, Cheng Yang paper mill Co,
Ltd, Box-pak Viet Nam Co, Ltd, Bien Hoa packaging JSC, Sabeco- song Lam
packaging JSC and several others.
According to data published by the Global Pulp and Paper Council, the worldwide pulp consumption touched
million tons during March 2019. The mass speculation in new production lines in
the duration of 2016-2019 estimates a boom in the supply of pulp in the future
market.
The paper industry was born moderately early across Vietnam, in
1912. In the past few years, the paper industry has grownup gradually but
relatively slowly, worsening to meet the domestic requirement for the quality
and quantity. The paper introduction in the foremost 9 months of the year
augmented over the same duration last year owing to the progressively more
stable supply of pulp than preceding years. In the duration of 2011-2018, the
paper consumption of all varieties across the Vietnam market augmented speedily
with an average annual growth rate of 9.8%. During the first 9 months of 2019,
thanks to a good growth in the paper introduction, the paper consumption also increased
positively, which was predicted to augment by 15.5% compared to the similar duration
last year. The group of packaging paper increased strongly, the entire
consumption of packaging paper in Vietnam in 9 months of 2019 registered for
77.2% of the entire paper consumption of all varieties, up 20.0% over the preceding
year.
Packaging functions a significant function by safeguarding goods
from impairment, from the point of manufacture to the final customer. It safeguards
wastage of goods and energy. Packaging meets rigorous safety, technical, and
hygienic demands.
An effective growth in the requirement for the flexible paper
packaging, due to increasing consumer awareness regarding damaging effects of
plastic on the atmosphere along with the eco-friendly nature and economic variation
of the paper packaging, is predicted to influence pulp and paper market growth.
During the recent duration, the Vietnam paper industry is still principally
serving the domestic market, and the exports are very scarce. Vietnam's entire
paper export turnover uninterruptedly grew in the duration 2011-2018 with a
CAGR of 13.0%. The export turnover of paper and paper goods in Q4/2019 rose
8.5% over the similar period in 2018.Therefore, in the near years, it is
anticipated that the market of pulp and paper will increase around the region
more significantly over the coming future.
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