On October 4, Vietnam Report Joint Stock Company (Vietnam Report) officially announced the ranking of Top 10 prestigious packaging companies in 2022 with the first position belonging to foreign enterprises.
The first of the Top 10 prestigious packaging companies in 2022 is Tetra Pak Vietnam Joint Stock Company. The ranking results are based on the financial capacity shown on the latest year's financial statements; Media credibility is assessed by Media Coding method - coding articles about the company on influential media channels and surveying research subjects and stakeholders conducted in August - September.
This is a multinational food processing and packaging company originating from Sweden. Thus, the foreign "big man" has led the Vietnamese paper packaging market with a value expected to reach over $3.1 billion by 2027 (equivalent to nearly VND 77,000 billion). It is estimated that the compound annual growth rate (CAGR) of the Vietnamese paper packaging market is 7.5% in the period 2021 - 2027.
(TETRA PAK)
The survey by Vietnam Report also shows that nearly 60% of enterprises in the industry have achieved revenue above 80% of the pre-pandemic level, of which nearly 30% have exceeded the pre-pandemic level. The average growth of the packaging industry is forecasted to be over 13%/year, in which packaging for the food industry always achieves an average growth of 15-20%; plastic packaging has achieved a growth rate of 25% itself.
Currently, consumers have begun to resist the discharge of plastic packaging into the environment and initially take actions to limit this situation. The pressure on sustainability will create challenges for packaging enterprises using plastic materials, which have a cost advantage but are in decline and are phased out, thereby promoting the need for innovation today.
In addition, increased online shopping is creating and expanding new directions of packaging demand, especially for protective packaging and sustainable shipping…
(Source: thanhnien.vn)