Nov 21, 2018
Flexible packaging in Vietnam is growing to accommodate other domestic demand sectors given the country’s favorable economic conditions. According to StoxPlus’s Vietnam Flexible Packaging Market 2018 Report, the market size of multilayered flexible packaging sector in 2017 reached approximately US$1.0bn, posting a Y-o-y growth rate of 6.6%. Nevertheless, underdeveloped local production of petrochemical puts packaging manufacturers in an unsafe dependency on imported raw materials. Increasing price of plastic resins has lowered profits of packaging manufacturers in 2017.