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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Related Report:-
Global Paper and Pulp Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025
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