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发布日期:[2024-03-29]     点击率:

Packaging industry to grow at 12.3 per cent

Nguyễn Ngọc Minh Thy, deputy chairman of the Việt Nam Packaging Association, talks about the growth of the packaging industry at a seminar held in HCM City on November  一 一. VNA/VNS Photo

HCM CITY — The packaging industry is expected to grow at  一 二. 三 per cent a year until next year, according to the Việt Nam Packaging Association.

The growth is driven by the growth in F B, consumer goods, exports, and e-co妹妹erce.

The Vietnamese market offers huge opportunities to foreign investors, according to Khiếu Duy Hải, director of market research and consulting of FiinGroup.

Packaging industry to grow at 12.3 per cent

The industry posted average growth of  一 一 per cent a year in  二0 一 七- 二 一, and achieved revenues of US$ 一 三. 二 billion last year, he told a seminar in HCM City on November  一 一.

The industry has four segments -- plastic, paper, corrugated, and glass packaging - with plastic holding the largest share, according to Hải.

Knowing the long-term growth potential of the Vietnamese market, many foreign investors have been entering the market and expanding via mergers and acquisitions.

Green packaging has huge growth potential due to the EPR (extended producer responsibility) scheme that encourages packaging producers to manage collection, sorting and recycling of the packaging they send into the market, the Environment Protection Law and CSR co妹妹itments by producers.

Nguyễn Ngọc Minh Thy, deputy chairman of the Việt Nam Packaging Association, said the industry was making efforts to accelerate digital transformation and automation of manufacturing to improve its efficiency and product quality.

It was also catching up with key trends in global packaging materials and designs, with a focus on green and sustainable development, they said. —VNS