Factsheet with basic information about Flexible packaging industry in Vietnam

1. 5. KEY FEATURES
2. MARKET SIZE
1. MARKET SEGMENTATION
Source: StoxPlus
Source: StoxPlus
PlasticPackaging
(US$3.9bn)
Flexible Packaging
(US834mn)
Flexible packaging
for Beverage
Flexible packaging
for Packaged food
Flexible packaging
for Pharmaceuticals
Flexible packaging
for Seafood
Flexible packaging
for Others
Rigid Packaging
PET containers
(US$652mn)
Caps & Closure
Vietnam Flexible Packaging Structure
445.8
532.2
612.0
718.4
834.7
-10%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
-100
0
100
200
300
400
500
600
700
800
900
2010 2011 2012 2013 2014
US$mn
Flexible packaging Flexible growth
Market Sizing and Growth of Vietnam Flexible Packaging
According to StoxPlus’ estimation, Vietnam flexible packaging sized at US$834mn by 2014 end, posting an impressive CAGR
of 16.3% in the period 2010 – 2014. The market size valued at US$718mn and US$612mn in 2013 and 2012, respectively.
In term of competitive landscaping, Tan Tien packaging is the market leader in Vietnam flexible packaging with around 9%
of total market share in 2014. The market is quite fragments with large firms mainly located in the South as end-users of
flexible packaging also situate here (including beverage, food and pharmaceuticals companies). The competition becomes
fiercer between two main groups of players: (i) domestic players including Tan Tien, Thanh Phu, Liksin, and Rang Dong; and
(ii) foreign-owned players including Tin Thanh (SCG Thailand), Huhtamaki, Ngai Mee, Tong Yuan, and J.S Packaging.
Vietnam flexible packaging is forecasted to expanse by 15 – 20% y-o-y until 2020 thanks to increasing domestic demand
from beverage and packaged foods. In 2014, total soft drink market valued at US$3.59bn, posting an increase by 20% com-
pared to 2013 while packaged food market sized at US$8.88bn. With the recovery in economics and increased westernization
in lifestyle, beverages and packaged food in Vietnam would perform well in the next few year, creating potentials for
plastic packaging manufacturers.
Source: StoxPlus
Tan Tien
Plastic
Packaging
8,48%
Liksin6,25%
gnoDgnaR
Plastic
6,20%TinThanh
5,44%
Huhta-
maki 4,49%
Saigon Plastic
Packaging
4,17%
Saigon
Trapaco
2,85%
Source: StoxPlus
3. MARKET SHARE 4. KEY FINANCIALS OF TOP 6 PLAYERS
(listed companies only)Market share of top 7 players by total sale
in the South of Vietnam, 2014
Company
Total Assets
(US$ million)
Net Revenue
(US$ million)
EBITDA
(US$ million)
ROA ROE
An Phat Plas c 66.42 72.91 6.47 3.65% 7.11%
Tan Tien Plas c Packaging 55.06 70.75 6.63 2.96% 6.32%
Rang Dong Plas c 34.85 50.44 3.82 3.40% 10.06%
Saigon Plas c Packaging 34.55 34.83 3.75 1.16% 3.71%
Tan Dai Hung Plas c 30.37 34.66 1.57 1.79% 3.77%
Tan Phu Plas c 14.81 31.28 2.44 3.93% 15.60%
If you want to have further information, please contact person below:
Research
Ms. Lan Nguyen
Senior Manager
lan.nguyen@stoxplus.com
+84(4) 35626962 (ext.109)
Business Information
Ms. Hue Vuong
Managing Director
hue.vuong@stoxplus.com
+84(8) 38233485 (ext.802)
Financial Information
Ms.Trang Truong
Managing Director
trang.truong@stoxplus.com
+84(4) 35626962 (ext.114)
Research Business Information Financial InformationResearch Business Information Financial Information
Flexible Packaging
FACT SHEET
Dated September 25th 2015