Top 10 Companies in Vietnam Cartonboard Paper Market

The Vietnam Cartonboard Paper Market is expected to reach USD 637.5 million by 2030 at a CAGR of 10.6% during the forecast period (2023–2030). The growth of the Vietnam cartonboard paper market is driven by the growing need for sustainable & eco-friendly packaging solutions, the increasing demand for consumer goods, and the growth in e-commerce. However, unstable raw material prices restrain the growth of this market. The emergence of innovative sustainable & customizable packaging solutions is expected to generate growth opportunities for the players operating in this market. However, the declining use of printed packaging materials is a major challenge for market growth. Additionally, the increasing demand for smart packaging is a prominent trend in this market.

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

Kraft of Asia Paperboard & Packaging Co., Ltd.

Established in 2018 and headquartered in Ba Ria-Vung Tau Province, Vietnam, Kraft of Asia Paperboard & Packaging Co., Ltd (KOA) is a containerboard manufacturing company with a 400,000 ton/year production capacity and is a wholly owned subsidiary of Marubeni Corporation (Japan). The company’s product folio includes eL, eS, eP, and eM, from standard to high-end quality.

The company manufactures containerboard using recycled materials. It has a wastewater treatment facility on its premises, where 11,000 tons of wastewater can be treated daily. The company specializes in producing high-quality carton surfaces at reasonable prices.

Vina Kraft Paper Co., Ltd.

Headquartered in Binh Duong Province, Vietnam, Vina Kraft Paper Co., Ltd., one of Vietnam’s largest packaging paper plants, is a joint venture between Siam Kraft Industry Company Limited of SCGP and Rengo Company Limited of Japan. The company’s manufacturing capacity of 500,000 tons per year (2022), combined with machinery of outstanding quality, helps serve the increasing demand for paper packaging in Vietnam.

Vina Kraft Paper takes a comprehensive approach to manufacturing, beginning with sourcing raw materials, which involves recycling used paper. Rigorous quality-checking sessions are conducted before the recycling process. The company’s quality-control process adheres to international standards. Vina Kraft Paper produces paper packaging for various industries, including food and beverage, consumer products, clothing, shoes, electrical appliances, and furniture. Additionally, the company exports its products to markets within the ASEAN region.

SONG LAM Trading & Packaging Production CO., Ltd.

Founded in 2003 and headquartered in Hanoi, Vietnam, SONG LAM Trading & Packaging Production CO., Ltd. is a full-service folding carton packaging provider. The company supplies folding cartons primarily to the pharma and food industries.

The company has a fully integrated 160,000-square-foot production plant based in Quang Minh Industrial Zone, Hanoi, Vietnam. It employs 300 people and utilizes state-of-the-art technology. The company designs and manufactures paperboard and plastic folding cartons or cardboard boxes, leaflets, and labels and provides comprehensive contract packaging services for top local and international brands.

Vietnam Paper Corporation

Founded in 1976 and headquartered in Phu Tho Province, Vietnam, Vietnam Paper Corporation engaged in various industries. It specializes in afforestation, wood processing, paper, and pulp production, as well as the manufacturing and sales of printing paper, writing paper, tissue paper, packaging paper, and stationery products.

The company has a production capacity of 75,000 tons of bleached pulp/year and 120,000 tons of printing and writing paper/year. The company leverages modern technology to ensure efficient pulp and paper processing. The company has a geographical presence across Vietnam and Southeast Asia. 

Thuan An Paper Service Trading Joint Stock Company

Founded in 1995 and headquartered in Binh Duong Province, Vietnam, Thuan An Paper Service Trading Joint Stock Company is a prominent industrial paper manufacturer catering to various industries’ packaging requirements. With two factories in Binh Duong and Binh Phuoc provinces, the company houses four paper machines of 5.4m, 3.9m, 2.9m, and 1.8m, producing 650,000 tons/year in total output.

The three main products of the company are Kraftop Liner paper (Wood-pulp recycled paper), Test paper- liner (100% recycled brown paper), and Medium (corrugated board) from 100gsm to 250gsm. The company has a geographical presence across Vietnam, China, the Philippines, Thailand, Malaysia, and other countries. 

Meticulous Research in its latest publication on Vietnam Cartonboard Paper Market has predicted the growth of 10.6% during the forecast year 2023-2030.

Saigon Paper Corporation

Established in 1997 and headquartered in Ba Ria – Vung Tau Province, Vietnam, Saigon Paper Corporation is a well-known brand in the paper industry in Vietnam. The company has significantly advanced the Vietnamese paper industry by producing high-quality packaging paper entirely from 100% recycled materials. It specializes in manufacturing both tissue paper and industrial paper.

The company offers extensive tissue paper products, including facial tissue, toilet paper, napkins, and towel tissue, ensuring quality assurance for domestic and international markets. Moreover, the company provides a diverse selection of uncoated paper, such as medium, test liner, and chipboard for carton paper packaging production, as well as premium coated paper like GI, GC, whitetop, and art paper.

Saigon Paper owns two paper mills, My Xuan 1 and My Xuan 2, in Ba Ria – Vung Tau Province, Vietnam. My Xuan 2 is renowned as one of the largest paper mills in the country. The company has a total industrial paper production capacity of 224,640 tons/year.

Xuan Mai Paper Co., Ltd.

Established in 2004 and headquartered in Ho Chi Minh City, Vietnam, Xuan Mai Paper Co., Ltd specializes in high-quality packaging paper products and carton and consumer paper. The company offers medium carton and test liner paper, known for its exceptional strength and adherence to stringent standards.

Xuan Mai Paper supplies these products to schools, hospitals, and large organizations such as PepsiCo, Inc. (U.S.) and NIKE, Inc. (U.S.). Additionally, the company has established strong partnerships with customers across Southeast Asia and Western Europe. The company has made significant investments in wastewater treatment technology.

Dong Tien Packaging and Paper Co., Ltd

Founded in 1994 and headquartered in Ho Chi Minh City, Vietnam, Dong Tien Packaging and Paper Co., Ltd is a pioneering enterprise in the recycling paper industry in Vietnam. The company offers a wide range of products, including packaging paper, tissues, and consumer paper, catering to various end-users. Its diverse product portfolio includes White Top Liner, Testliner, Medium, Wrapping Paper, Consumer Paper, Ecological Roofing, and Recycle Milk Cartons.

The company has invested in high-quality equipment, technology, and advanced management systems from renowned international companies like Andritz AG (Austria), Voith GmbH & Co. KGaA (Germany), and Kadant Lamort SAS (France). 

MY HUONG PAPER MANUFACTURING

Founded in 2008 and headquartered in Hai Phong, Vietnam, MY HUONG PAPER MANUFACTURING specializes in manufacturing duplex paper. The company’s paper factory, spanning 3.5 hectares, is situated in Hai Phong, Vietnam, with an 8,000m2 workshop equipped with advanced infrastructure facilities.

With a strategic location in the East, adjacent to Hai Phong Port, the company benefits from efficient road and waterway transportation. The company plans to become Vietnam’s leading duplex paper manufacturing company by 2025.

Miza Nghi Son Co. LTD

Established in 2018 and headquartered in Thanh Hoa Province, Vietnam, Miza Nghi Son Co. LTD is a leading manufacturer of packaging paper for paper packaging companies. The company’s core businesses encompass pulp, paper, and cover manufacturing; wrinkled paper & cover production; and recycling scrap. Additionally, it specializes in handling non-hazardous waste and collecting non-hazardous waste.

Miza Nghi Son’s packaging paper product portfolio includes medium, testliner, and duplex paper. The company strongly emphasizes recycling paper to ensure the production of high-quality materials for supply to domestic and international packaging paper factories.

Authoritative Research on the Vietnam Cartonboard Paper Market – Opportunity Analysis and Industry Forecast (2023-2030)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.