베트남의 카톤 보드 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the vietnam cartonboard market size was valued at USD 1.54 billion in 2025 and estimated to grow from USD 1.66 billion in 2026 to reach USD 2.29 billion by 2031, at a CAGR of 6.65% during the forecast period (2026-2031).

This report is Segmented by Product Grade (Solid Bleached Board, Solid Unbleached Board, Folding Boxboard, White-Lined Chipboard, Liquid Packaging Board, and Food Service Board), Packaging Format (Folding Cartons, Liquid Packaging, Sleeve and Tray, and More), and End-User Industry (Food, Beverage, Pharma and Healthcare, Tobacco, Cosmetics, and More). The Market Forecasts are Provided in Terms of Value (USD).

Vietnam Cartonboard Market Trends and Insights

Rising Processed Food And Beverage Consumption

Vietnam's food and beverage sector generated VND 726.5 trillion (USD 27.94 billion) in 2025 and is projected to reach VND 760 trillion (USD 29.23 billion) in 2026, which keeps a broad demand base in place for milk cartons, dry food cartons, frozen food packs, and other secondary paperboard formats. That spending matters to the Vietnam cartonboard market because it supports demand across multiple board grades simultaneously, rather than relying on a single end-use pocket. As household purchases move further toward packaged and branded food, converters benefit from repeat demand driven by labeling, transport protection, and visual shelf presentation in modern retail and foodservice channels. The demand profile also favors suppliers that can handle mixed jobs across beverages, dairy, frozen products, and dry grocery lines without long lead times or inconsistent print quality. The result is a steadier order book for folding cartons, foodservice packs, and liquid board applications, helping the Vietnam cartonboard market maintain growth even as lower-value commodity formats remain under pricing pressure.

E-Commerce And Retail-Ready Packaging Expansion

Vietnam's e-commerce market recorded GMV of VND 458.16 trillion (USD 16.58 billion) in 2025, and revenue in the first quarter of 2026 rose 32.74% year on year to VND 134.6 trillion (USD 5.19 billion). The Ministry of Industry and Trade's digital economy platform also stated that Vietnam's e-commerce market is targeting USD 37 billion in 2026, which points to continued expansion in direct-to-consumer shipments and branded packaging demand. This shift supports the Vietnam cartonboard market because packaging is increasingly expected to protect goods in transit and still perform as a display-ready unit when it reaches the buyer or retailer. That change improves the position of converters with digital and UV offset capabilities, since shorter runs, greater artwork variation, and faster product refresh cycles are becoming more common. It also shifts the value mix away from plain transit packs and toward litho-laminated and better-finished folding cartons, giving the Vietnam cartonboard market a stronger revenue profile than pure volume growth would suggest.

Recovered Fiber Price Volatility And Import Dependence

Vietnam banned imports of mixed paper and left old corrugated containers as the dominant imported recovered fiber grade, which keeps domestic mills exposed to international trade flows and pricing changes in recycled fiber. US wastepaper unit prices rose from USD 167 per tonne in 2020 to USD 204 per tonne in 2024, which shows how input cost swings can move quickly across the supply chain before easing again. This is a direct issue for the Vietnam cartonboard market because white-lined chipboard remains the largest product-grade segment and depends on recycled fiber layers in its cost structure. When fiber costs move sharply, mills and converters cannot always pass those changes through to customers on fixed or price-sensitive contracts, especially in food and FMCG work. The result is a recurring margin squeeze that slows value growth, weakens planning visibility, and keeps commodity-focused suppliers more vulnerable than specialty-grade operators with tighter customer relationships.

Other drivers and restraints analyzed in the detailed report include:

1. Plastic Substitution And EPR-Led Paper Packaging Shift
2. Pharmaceutical Localization And Compliance Packaging Demand
3. Fragmented Converter Base And Persistent Price Competition

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

White-lined chipboard held 36.27% of the Vietnam cartonboard market share in 2025, maintaining its lead by balancing acceptable print quality with cost efficiency across food, beverage, and everyday FMCG packaging applications. The grade remains central to the Vietnam cartonboard market, where domestic buyers still closely weigh substrate cost in large-volume secondary cartons and multipack applications. Solid bleached board and folding boxboard continue to serve more demanding packaging lines in pharmaceuticals, cosmetics, and premium food, where surface finish, branding quality, and cleaner board appearance support better pricing and more controlled procurement standards. Liquid packaging board also retained an important role because dairy and ready-to-drink categories depend on aseptic formats that require a different performance profile than standard folding carton jobs.

The food service board is projected to grow at a 7.57% CAGR during 2026-2031, making it the fastest-expanding grade, as quick-service restaurants, delivery platforms, and single-serve consumption continue to drive demand for cups, containers, and takeaway packs. Vietnam's total food and beverage outlet count was estimated at 329,500 in 2025 and is projected to reach 333,600 by the end of 2026, supporting a broader adoption of disposable paperboard formats across urban centers. Within the Vietnam cartonboard industry, this creates a clearer split between large-volume white-lined chipboard demand and faster-value growth in food service and liquid applications. It also means suppliers that invest in barrier performance, consistent forming behavior, and food-contact quality control are likely to capture a larger share of the premium mix than converters that focus only on standard recycled-board grades.

Complete Report Scope:

• By Product Grade
  • Solid Bleached Board
  • Solid Unbleached Board
  • Folding Boxboard
  • White-Lined Chipboard
  • Liquid Packaging Board
  • Food Service Board
• By Packaging Format
  • Folding Cartons
  • Liquid Packaging
  • Sleeve and Tray
  • Other Packaging Formats (Cups, Foodservice Containers)
• By End-User Industry
  • Food
  • Beverage
  • Pharmaceutical and Healthcare
  • Tobacco
  • Cosmetics and Toiletries
  • Other End-User Industries (Toy, Apparel, Automotive, Household, Electrical, Foodservice)

List of Companies Covered in this Report:

1. Tetra Pak International S.A.
2. Oji Interpack Vietnam Co., Ltd.
3. SONG LAM Trading & Packaging Production CO., Ltd.
4. Khang Thanh Manufacturing JSC
5. Starprint Vietnam Joint Stock Company
6. BINH MINH PAT CO., LTD
7. Ngoc Diep Joint Stock Company
8. intBOX Intelligent Packaging Corporation
9. New Life Packaging Printing Company
10. Hoang Vuong Paper Packaging Co., Ltd.
11. Viet Van Nhat CO., LTD
12. Avestar Packaging Group Joint Stock Company
13. Kraft of Asia Paperboard & Packaging Co., Ltd.
14. My Huong Paper Manufacturing JSC
15. Dong Tien Packaging and Paper Co., Ltd.
16. Sai Gon Paper Corporation
17. Miza Nghi Son Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Impact of Macroeconomic Factors on the Market
• 4.3 Market Drivers
  • 4.3.1 Rising Processed Food and Beverage Consumption
  • 4.3.2 E-commerce and Retail-Ready Packaging Expansion
  • 4.3.3 Plastic Substitution and EPR-Led Paper Packaging Shift
  • 4.3.4 Pharmaceutical Localization and Compliance Packaging Demand
  • 4.3.5 Tetra Pak Capacity Expansion Supporting Liquid Carton Adoption
  • 4.3.6 Export-Buyer Traceability and FSC Requirements Reshaping Converter Selection
• 4.4 Market Restraints
  • 4.4.1 Recovered Fiber Price Volatility and Import Dependence
  • 4.4.2 Fragmented Converter Base and Persistent Price Competition
  • 4.4.3 PolyAl Beverage Carton Recycling Bottlenecks
  • 4.4.4 Imported Barrier and Liquid Board Dependence
• 4.5 Industry Value Chain Analysis
• 4.6 Regulatory Landscape
• 4.7 Technological Outlook
• 4.8 Porter's Five Forces Analysis
  • 4.8.1 Threat of New Entrants
  • 4.8.2 Bargaining Power of Suppliers
  • 4.8.3 Bargaining Power of Buyers
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Intensity of Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Product Grade
  • 5.1.1 Solid Bleached Board
  • 5.1.2 Solid Unbleached Board
  • 5.1.3 Folding Boxboard
  • 5.1.4 White-Lined Chipboard
  • 5.1.5 Liquid Packaging Board
  • 5.1.6 Food Service Board
• 5.2 By Packaging Format
  • 5.2.1 Folding Cartons
  • 5.2.2 Liquid Packaging
  • 5.2.3 Sleeve and Tray
  • 5.2.4 Other Packaging Formats (Cups, Foodservice Containers)
• 5.3 By End-User Industry
  • 5.3.1 Food
  • 5.3.2 Beverage
  • 5.3.3 Pharmaceutical and Healthcare
  • 5.3.4 Tobacco
  • 5.3.5 Cosmetics and Toiletries
  • 5.3.6 Other End-User Industries (Toy, Apparel, Automotive, Household, Electrical, Foodservice)

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Tetra Pak International S.A.
  • 6.4.2 Oji Interpack Vietnam Co., Ltd.
  • 6.4.3 SONG LAM Trading & Packaging Production CO., Ltd.
  • 6.4.4 Khang Thanh Manufacturing JSC
  • 6.4.5 Starprint Vietnam Joint Stock Company
  • 6.4.6 BINH MINH PAT CO., LTD
  • 6.4.7 Ngoc Diep Joint Stock Company
  • 6.4.8 intBOX Intelligent Packaging Corporation
  • 6.4.9 New Life Packaging Printing Company
  • 6.4.10 Hoang Vuong Paper Packaging Co., Ltd.
  • 6.4.11 Viet Van Nhat CO., LTD
  • 6.4.12 Avestar Packaging Group Joint Stock Company
  • 6.4.13 Kraft of Asia Paperboard & Packaging Co., Ltd.
  • 6.4.14 My Huong Paper Manufacturing JSC
  • 6.4.15 Dong Tien Packaging and Paper Co., Ltd.
  • 6.4.16 Sai Gon Paper Corporation
  • 6.4.17 Miza Nghi Son Co., Ltd.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment