Vietnam Cartonboard Paper Market Forecast and Leading Firms

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

This growth is propelled by an increasing need for eco-friendly and sustainable packaging solutions, a surge in consumer goods demand, and the rise of e-commerce. Despite these favorable conditions, the market faces challenges such as volatile raw material prices. However, new opportunities are emerging through innovative and customizable sustainable packaging solutions. The decline in traditional printed packaging and the growing trend of smart packaging are significant factors influencing the market.

Here are the top 10 companies operating in the  Vietnam Cartonboard Paper Market

Key Companies in the Vietnam Cartonboard Paper Market:

1. Kraft of Asia Paperboard & Packaging Co., Ltd. Founded in 2018 and located in Ba Ria-Vung Tau Province, Kraft of Asia Paperboard & Packaging Co., Ltd. (KOA) operates with a production capacity of 400,000 tons per year. A subsidiary of Japan’s Marubeni Corporation, KOA focuses on recycling and has a comprehensive wastewater treatment system.
2. Vina Kraft Paper Co., Ltd. Vina Kraft Paper Co., Ltd., based in Binh Duong Province, is one of Vietnam's largest paper packaging producers with a capacity of 500,000 tons annually. The joint venture between Siam Kraft Industry and Rengo Company specializes in a broad range of paper products and has a strong export presence in ASEAN markets.
3. SONG LAM Trading & Packaging Production CO., Ltd. Established in 2003 and headquartered in Hanoi, SONG LAM provides folding carton packaging primarily for the pharmaceutical and food sectors. Its fully integrated production plant in Quang Minh Industrial Zone supports its comprehensive packaging solutions.
4. Vietnam Paper Corporation Founded in 1976 and based in Phu Tho Province, Vietnam Paper Corporation is involved in various paper production sectors, including bleached pulp and printing paper. The company utilizes modern technology for efficient production and has a wide geographical presence.
5. Thuan An Paper Service Trading Joint Stock Company Operating since 1995, Thuan An Paper Service Trading Joint Stock Company is located in Binh Duong and Binh Phuoc provinces. The company produces 650,000 tons of paper annually, including Kraftop Liner, Test paper-liner, and Medium paper.

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1. Saigon Paper Corporation Saigon Paper Corporation, established in 1997 in Ba Ria – Vung Tau Province, is a leader in producing 100% recycled paper products. With two paper mills, the company boasts a total production capacity of 224,640 tons per year.
2. Xuan Mai Paper Co., Ltd. Xuan Mai Paper Co., Ltd., founded in 2004 and headquartered in Ho Chi Minh City, is known for its high-quality carton and consumer paper products. The company has made significant investments in wastewater treatment technology and serves various sectors.
3. Dong Tien Packaging and Paper Co., Ltd Founded in 1994 and located in Ho Chi Minh City, Dong Tien is a prominent recycler of paper products. The company’s portfolio includes White Top Liner and Testliner papers, supported by advanced technology from global suppliers.
4. MY HUONG PAPER MANUFACTURING MY HUONG PAPER MANUFACTURING, established in 2008 in Hai Phong, focuses on duplex paper production. Its advanced facilities and strategic location near Hai Phong Port are designed to support its goal of becoming a leading duplex paper manufacturer by 2025.
5. Miza Nghi Son Co., LTD Miza Nghi Son Co., LTD, established in 2018 in Thanh Hoa Province, specializes in packaging paper with a focus on recycling. The company’s product range includes medium, testliner, and duplex paper, catering to both domestic and international markets.

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