Vietnam Pouch Packaging Market Size (2024 - 2029)

Vietnam Pouch Packaging Market Analysis

The Vietnam Pouch Packaging Market size is estimated at USD 0.87 billion in 2024, and is expected to reach USD 1.03 billion by 2029, growing at a CAGR of 3.43% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 10.30 billion units in 2024 to 12.56 billion units by 2029, at a CAGR of 4.05% during the forecast period (2024-2029).

• Driven by a surge in businesses and the nation's economic drive, Vietnam's pouch packaging market is growing. This growth is fueled by the consumer shift toward eco-friendly, portable pouch packaging in the food and beverage industry, aligning with the nation's bustling lifestyle.
• The influx of tourists into Vietnam is a pivotal factor in the growth of its food industry. In 2023, the nation welcomed a staggering 12.6 million tourists, nearly triple the 2022 figures. The US Department of Agriculture reported a 14.7% growth in the food service sector in 2023, which could be attributed to the tourism surge; this increased the demand for pouch packaging.
• Vietnam's expanding urban populace, coupled with a youthful consumer base, is fueling the demand for ready-to-eat and packaged foods, thereby propelling the food processing industry. This trend is poised to continue, given the country's growing middle-income group increasingly opting for health-conscious, premium food ingredients.
• As disposable incomes rise and urbanization progresses, the demand for pouch packaging in Vietnam's dairy, beverage, snack, pet food, and household product sectors is expected to increase. Manufacturers are swiftly adapting, offering convenient pouch solutions to meet the surging demand of the food and beverage industry.
• However, fluctuations in paper and plastic raw material costs, largely influenced by oil price shifts, pose a significant challenge to the market’s growth. The plastic sector is grappling with a supply-demand imbalance, leading to increased production costs and hindering market growth.

Vietnam Pouch Packaging Industry Segmentation

Pouch packaging is a flexible product made from barrier films, paper, or foil, depending on the end-user’s requirement. The report analyzes the factors that impact geopolitical developments in the market based on the prevalent base scenarios, key themes, and end-user industry-related demand cycles. The analysis is based on the market insights captured through secondary research and primaries. The market also covers the major factors impacting the growth of the pouch packaging market in terms of drivers and restraints. The estimates exclude the weight and the cost of the content inside the pouch packaging solution.

The Vietnam Pouch Packaging Market is Segmented by Material Type ( Paper, Plastic and Aluminum), by Resin Type - Plastic ( Polyethylene, Polypropylene, PET, PVC, EVOH, Other Resins), by Product ( Flat ( Pillow and Side Seal), Stand Up), by End-User Industry (Food (Candy & Confectionery, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry, And Seafood, Pet Food, Other Food Products (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)), Beverage, Medical and Pharmaceutical, Personal Care and Household Care, and Other End-User Industries). The market sizes and forecasts are provided in terms of value (USD) and volume (Units) for all the above segments.