Vietnam Plastic Recycling Market, By Type (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS) and Others), By Source (Bottles, Films, Fibers, Foams and Others), By Method (Thermal, Chemical, Mechanical, Landfill), By End User (Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics and Others), By Region, Competition Forecast & Opportunities, 2017-2027
Vietnam plastic recycling market is expected to grow at a formidable rate during the forecast period. The market growth can be attributed to the favorable initiatives by the government to reduce plastic usage in packaging and the high demand for recycling plastic products to reduce pollution in landfills and oceans. Rising awareness among the population regarding environmental degradation caused by plastic pollution has led to increased adoption of products that come under recyclable packaging and cause less damage to the ecosystem. Increased investments by market players for the collection, categorization, separation, shredding, resizing, and reprocessing of plastic waste are expected to support the growth of the Vietnam plastic recycling market. Besides, the growing use of plastics and wraps in multiple industries for packaging consumer goods, electronics, automotive, aviation, textiles, etc., is creating a greater need for plastic recycling, contributing to its market growth. The Government of Vietnam has established various national plastic waste management programs to increase awareness regarding plastic pollution, plastic recycling, plastic waste management, etc., boosting the growth of the Vietnam plastic recycling market. Favorable initiatives to promote the use of recycled plastics and the emergence of sophisticated recycling technologies are adding to the growth of the Vietnam plastic recycling market. However, the growing use of virgin plastics for food-grade packaging might reduce the adoption of recycled plastics, which could negatively impact the growth of the Vietnam plastic recycling market.
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. The polypropylene (PP) segment is expected to register the fastest growth in the Vietnam plastic recycling market as polypropylene plastics are the second-most widely produced commodity plastic that can withstand high temperatures.
Leading players in the Vietnam plastic recycling market are 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, etc.
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Years considered for this report
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study
- To analyze and forecast market size of the Vietnam plastic recycling market, in terms of value & volume.
- To define, classify and forecast the Vietnam plastic recycling market on the basis of type, source, method, end-user, region and company.
- To scrutinize the detailed market segmentation and forecast the market size, in terms of value, based on type by segmenting Vietnam plastic recycling market into types namely, Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS) and Others.
- To identify tailwinds and headwinds for the Vietnam plastic recycling market.
- To examine competitive developments such as expansions, new services, and mergers & acquisitions in the Vietnam plastic recycling market.
- To strategically profile the leading players in the Vietnam plastic recycling market.
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of plastic recycling service providers in Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include service providers that could not be identified due to the limitations of secondary research. TechSci Research analyzed the presence of all major service providers across the country.
TechSci Research calculated the market size for the Vietnam plastic recycling market using a bottom-up approach, where service providers’ value sales data for different type of plastics was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective service providers to arrive at the overall market size. Various secondary sources such as all Vietnam plastic recycling service providers, association, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
- Plastic recycling service providers
- Research organizations and consulting companies
- Associations, organizations, and alliances related to plastic recycling
- Government bodies such as regulating authorities and policy makers
- Industry associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as plastic recycling service providers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.
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)
- Vietnam Plastic Recycling Market, By Source:
- Vietnam Plastic Recycling Market, By Method:
- Vietnam Plastic Recycling Market, By End User:
- Building & Construction
- Electrical & Electronics
- Vietnam Plastic Recycling Market, By Region:
- Northern Region
- Central Region
- Southern Region
Company Profiles: Detailed analysis of the major companies present in Vietnam plastic recycling market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without