Vietnam Polyethylene Terephthalate Market (2025-2031) Outlook | Size, Companies, Industry, Growth, Forecast, Value, Trends, Share, Revenue, Analysis

Name: Vietnam Polyethylene Terephthalate Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Type (Virgin, Recycled), By Application (Rigid Packaging, Film, Sheets and Straps, Others) And Competitive Landscape

Product Code: ETC341490	Publication Date: Aug 2022	Updated Date: Aug 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Vietnam Polyethylene Terephthalate Market Size Growth Rate

The Vietnam Polyethylene Terephthalate Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 13.95% in 2025, the market peaks at 15.74% in 2027, and settles at 14.16% by 2029.

Vietnam Polyethylene Terephthalate Market Growth Rate

Polyethylene Terephthalate Market: Vietnam vs Top 5 Major Economies in 2027 (Asia)

The Polyethylene Terephthalate market in Vietnam is projected to grow at a exponential growth rate of 15.74% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

Polyethylene Terephthalate Market: Vietnam vs Top 5 Major Economies in 2027 (Asia)

Vietnam Polyethylene Terephthalate Market Synopsis

The polyethylene terephthalate (PET) market in Vietnam has witnessed significant growth in recent years, driven by the country`s expanding beverage and packaging industries. PET is a widely used polymer for the production of bottles, containers, and packaging materials. With the rising consumption of bottled beverages, particularly in the carbonated drinks and water segments, the demand for PET bottles has surged. Furthermore, PET`s recyclability and sustainability features have made it a preferred choice for environmentally conscious consumers and manufacturers. As Vietnam middle-class population continues to grow and consumer preferences shift towards packaged products, the PET market is poised for continued expansion.

Drivers of the Market

The polyethylene terephthalate (PET) market is closely linked to the beverage and food packaging industry. PET is a widely used material for bottling beverages and packaging food products due to its transparency, lightweight nature, and recyclability. As consumer preferences shift towards convenience and on-the-go products, the PET market continues to thrive.

Challenges of the Market

The challenge in the Vietnam polyethylene terephthalate (PET) market is to provide PET materials for various applications, including packaging and textiles, while managing environmental concerns related to PET production and recycling. Innovating to create sustainable PET options and ensuring consistent material quality and safety are ongoing challenges for manufacturers.

COVID-19 Impact on the Market

The COVID-19 pandemic affected the polyethylene terephthalate (PET) market in Vietnam due to disruptions in the beverage and packaging industries. Reduced consumption of bottled beverages and a slowdown in manufacturing led to a decline in PET demand. However, the surge in demand for PET in the production of personal protective equipment and hand sanitizers partially offset these losses. The market`s recovery depended on the pace of economic reopening and consumer behavior.

Key Players in the Market

Polyethylene terephthalate (PET) is widely used in the production of plastic bottles and packaging materials. Key players in this market are Indorama Ventures and Siam Cement Group. They are prominent PET resin manufacturers with a significant presence in Vietnam.

Key Highlights of the Report:

Vietnam Polyethylene Terephthalate Market Outlook
Market Size of Vietnam Polyethylene Terephthalate Market, 2024
Forecast of Vietnam Polyethylene Terephthalate Market, 2031
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Revenues & Volume for the Period 2021-2031
Vietnam Polyethylene Terephthalate Market Trend Evolution
Vietnam Polyethylene Terephthalate Market Drivers and Challenges
Vietnam Polyethylene Terephthalate Price Trends
Vietnam Polyethylene Terephthalate Porter's Five Forces
Vietnam Polyethylene Terephthalate Industry Life Cycle
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Market Revenues & Volume By Virgin for the Period 2021-2031
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Market Revenues & Volume By Recycled for the Period 2021-2031
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Market Revenues & Volume By Rigid Packaging for the Period 2021-2031
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Market Revenues & Volume By Film for the Period 2021-2031
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Market Revenues & Volume By Sheets and Straps for the Period 2021-2031
Historical Data and Forecast of Vietnam Polyethylene Terephthalate Market Revenues & Volume By Others for the Period 2021-2031
Vietnam Polyethylene Terephthalate Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Vietnam Polyethylene Terephthalate Top Companies Market Share
Vietnam Polyethylene Terephthalate Competitive Benchmarking By Technical and Operational Parameters
Vietnam Polyethylene Terephthalate Company Profiles
Vietnam Polyethylene Terephthalate Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Vietnam Polyethylene Terephthalate Market Overview

3.1 Vietnam Country Macro Economic Indicators

3.2 Vietnam Polyethylene Terephthalate Market Revenues & Volume, 2021 & 2031F

3.3 Vietnam Polyethylene Terephthalate Market - Industry Life Cycle

3.4 Vietnam Polyethylene Terephthalate Market - Porter's Five Forces

3.5 Vietnam Polyethylene Terephthalate Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Vietnam Polyethylene Terephthalate Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Vietnam Polyethylene Terephthalate Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for packaging materials in various industries such as food and beverage, pharmaceuticals, and textiles.

4.2.2 Growing population and rising disposable income leading to higher consumption of consumer goods packaged with polyethylene terephthalate.

4.2.3 Shift towards lightweight and recyclable packaging solutions driving the demand for polyethylene terephthalate.

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials such as ethylene glycol and purified terephthalic acid impacting the production cost of polyethylene terephthalate.

4.3.2 Environmental concerns and regulations promoting the use of sustainable and biodegradable packaging materials over polyethylene terephthalate.

4.3.3 Competition from alternative packaging materials like bio-based polymers and glass affecting the market share of polyethylene terephthalate.

5 Vietnam Polyethylene Terephthalate Market Trends

6 Vietnam Polyethylene Terephthalate Market, By Types

6.1 Vietnam Polyethylene Terephthalate Market, By Type

6.1.1 Overview and Analysis

6.1.2 Vietnam Polyethylene Terephthalate Market Revenues & Volume, By Type, 2021-2031F

6.1.3 Vietnam Polyethylene Terephthalate Market Revenues & Volume, By Virgin, 2021-2031F

6.1.4 Vietnam Polyethylene Terephthalate Market Revenues & Volume, By Recycled, 2021-2031F

6.2 Vietnam Polyethylene Terephthalate Market, By Application

6.2.1 Overview and Analysis

6.2.2 Vietnam Polyethylene Terephthalate Market Revenues & Volume, By Rigid Packaging, 2021-2031F

6.2.3 Vietnam Polyethylene Terephthalate Market Revenues & Volume, By Film, 2021-2031F

6.2.4 Vietnam Polyethylene Terephthalate Market Revenues & Volume, By Sheets and Straps, 2021-2031F

6.2.5 Vietnam Polyethylene Terephthalate Market Revenues & Volume, By Others, 2021-2031F

7 Vietnam Polyethylene Terephthalate Market Import-Export Trade Statistics

7.1 Vietnam Polyethylene Terephthalate Market Export to Major Countries

7.2 Vietnam Polyethylene Terephthalate Market Imports from Major Countries

8 Vietnam Polyethylene Terephthalate Market Key Performance Indicators

8.1 Recycling rate of polyethylene terephthalate products in Vietnam.

8.2 Adoption rate of new technologies in polyethylene terephthalate production processes.

8.3 Growth in the number of partnerships and collaborations between key players in the polyethylene terephthalate market for innovation and market expansion.

9 Vietnam Polyethylene Terephthalate Market - Opportunity Assessment

9.1 Vietnam Polyethylene Terephthalate Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Vietnam Polyethylene Terephthalate Market Opportunity Assessment, By Application, 2021 & 2031F

10 Vietnam Polyethylene Terephthalate Market - Competitive Landscape

10.1 Vietnam Polyethylene Terephthalate Market Revenue Share, By Companies, 2024

10.2 Vietnam Polyethylene Terephthalate Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Asia Pacific Polyethylene Terephthalate Market

Europe Polyethylene Terephthalate Market

Global Polyethylene Terephthalate Market