Factors Affecting Vietnam Cartonboard Paper Market Growth

The Vietnam Cartonboard Paper Market is projected to reach $637.5 million by 2030, at a CAGR of 10.6% during the forecast period of 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. In addition, 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 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.