Malaysia is one of the economically advanced countries in Southeast Asia, with a per capita GDP reaching USD 13,034 in 2023. The plastics industry in Malaysia serves sectors such as packaging, electronics, automotive, and construction. The industry is well-developed and a significant contributor to high-skilled and high-income employment in the country. In 2019, investments exceeding MYR 18 billion (approximately USD 3.769 billion) flowed towards Malaysia, spurring over 1,500 manufacturing projects. According to CRI, despite the global economic slowdown and the EU’s restrictions on single-use plastics, Malaysia’s plastic industry shows considerable growth potential driven by the demand for electronics, pharmaceuticals, and food and beverage products.

Following the pandemic, Malaysia’s plastic industry experienced a recovery. In 2023, Malaysia’s imports of plastics and related products reached USD 8.479 billion. China was a major source, with Malaysia importing USD 2.189 billion worth of plastics from China, accounting for 25.81% of the total imports for the year based on the analysis of CRI.

In terms of exports, the value of Malaysia’s plastics and plastic products decreased during the pandemic but quickly rebounded, surpassing pre-pandemic levels. In 2023, Malaysia’s exports of plastics and related products amounted to USD 9.032 billion. China, Singapore, and Indonesia were the main export markets, with exports to China reaching USD 2.168 billion, representing about 24% of the total.

In December 2021, the Malaysian government released the “Malaysia Plastic Sustainability Roadmap 2021-2030” as a comprehensive strategy to address plastic waste issues. The demand for bioplastics is also driving the development of the plastic industry in Malaysia.

Malaysia’s plastic industry holds substantial potential for foreign investors. The sector has promising investment prospects in high-end plastic products and engineering plastics in the coming years. Advanced waste management infrastructure also supports plastic recycling.

The Malaysian plastic market comprises many foreign or joint venture enterprises, competing alongside local companies. According to CRI, key local players include BP Plastics Holding Bhd and Commercial Plastic Industries. Foreign and joint venture firms dominate significant market shares, including Toray Plastics Sdn Bhd, Polyplastics Asia-Pacific Sdn Bhd, and Lotte Chemical Titan Holding Berhad. Notably, Toray Plastics Sdn Bhd established a plant in Malaysia in 1990, commencing production in early 1992; Polyplastics Asia-Pacific Sdn Bhd established the PAP Kuantan plant in 2000 with a production capacity of 30,000 tons annually; and Lotte Chemical Titan Holding Berhad began constructing its polypropylene plant in 2017.

CRI projects that the market size of Malaysia’s plastic industry will continue to grow in the coming years. Both imports and exports are expected to rise. By 2033, Malaysia’s imports of plastics and related products are projected to reach USD 9.84 billion, with a CAGR of approximately 1.5% from 2024 to 2033.

Topics covered:

• Overview of Malaysia’s Plastics Industry
• Economic Conditions and Policies for Malaysia’s Plastics Industry
• How Foreign Investment Enters Malaysia’s Plastics Market
• Market Size of Malaysia’s Plastics Industry (2024-2033)
• Analysis of Major Plastics Manufacturers in Malaysia
• Key Drives and Market Opportunities for the Plastics Industry in Malaysia
• What are the Major Drivers, Challenges, and Opportunities for the Plastics Industry in Malaysia during the Forecast Period 2024-2033?
• Who are the Main Players in Malaysia’s Plastics Market and What are their Competitive Advantages?
• What is the Expected Revenue of Malaysia’s Plastics Market during the Forecast Period 2024-2033?
• What Strategies have the Major Market Players Adopted to Increase their Market Share in the Industry?
• Which Segment of Malaysia’s Plastics Market is Expected to Dominate the Market by 2032?
• What are the Main Adverse Factors Facing Malaysia Plastics Industry?

Table of Contents

1. Overview of Malaysia

1.1 Geography

1.2 Demographics of Malaysia

1.3 Economic of Malaysia

1.4. Minimum Wage in Malaysia, 2013-2023

1.5. Impact of COVID-19 on Malaysia’ Plastics Industry

2. Development Environment of the Plastics Industry in Malaysia

2.1. History of the Plastics Industry in Malaysia

2.2. Categories of Plastics in Malaysia

2.3. Policies for the Plastics Industry in Malaysia

3. Supply and Demand of the Plastics Industry in Malaysia

3.1. Supply of the Plastics Industry in Malaysia

3.1.1. Production Capacity

3.1.2. Production Volume

3.2. Demand of the Plastics Industry in Malaysia

3.2.1. Demand Volume

3.2.2. Market Size

4. Import and Export of the Plastics Industry in Malaysia

4.1. Import of the Plastics Industry in Malaysia

4.1.1. Import Volume and Value of Plastics in Malaysia

4.1.2. Main Suppliers of Plastics Imports in Malaysia

4.2. Export of the Plastics Industry in Malaysia

4.2.1. Export Volume and Value of Plastics in Malaysia

4.2.2. Main Destinations of Plastics Exports in Malaysia

5. Market Competition of Malaysia’s Plastics Industry

5.1. Barriers to Entry in Malaysia’s Plastics Industry

5.1.1. Brand Barriers

5.1.2. Quality Barriers

5.1.3. Capital Barriers

5.2. Competitive Structure of Malaysia’s Plastics Industry

5.2.1. Bargaining Power of Plastics Suppliers

5.2.2. Bargaining Power of Consumers

5.2.3. Competitive Landscape of Malaysia’s Plastics Industry

5.2.4. Potential Entrants in the Plastics Industry

5.2.5. Substitutes for Plastics Products

6. Analysis of Major Plastics Brands in Malaysia

6.1. BP Plastics Holding Bhd

6.1.1. History of BP Plastics Holding Bhd

6.1.2. Main Products of BP Plastics Holding Bhd

6.1.3. Operating Model of BP Plastics Holding Bhd

6.2. Commercial Plastic Industries

6.2.1. History of Commercial Plastic Industries

6.2.2. Main Products of Commercial Plastic Industries

6.2.3. Operating Model of Commercial Plastic Industries

6.3. CYL Corporation Bhd

6.3.1. History of CYL Corporation Bhd

6.3.2. Main Products of CYL Corporation Bhd

6.3.3. Operating Model of CYL Corporation Bhd

6.4. Toray Plastics Sdn Bhd

6.4.1. History of Toray Plastics Sdn Bhd

6.4.2. Main Products of Toray Plastics Sdn Bhd

6.4.3. Operating Model of Toray Plastics Sdn Bhd

6.5. Polyplastics Asia-Pacific Sdn Bhd

6.5.1. History of Polyplastics Asia-Pacific Sdn Bhd

6.5.2. Main Products of Polyplastics Asia-Pacific Sdn Bhd

6.5.3. Operating Model of Polyplastics Asia-Pacific Sdn Bhd

6.6. Lotte Chemical Titan Holding Berhad

6.6.1. History of Lotte Chemical Titan Holding Berhad

6.6.2. Main Products of Lotte Chemical Titan Holding Berhad

6.6.3. Operating Model of Lotte Chemical Titan Holding Berhad

6.7. Malayan Electro-Chemical Industry Co. Sdn Bhd.

6.7.1. History of Malayan Electro-Chemical Industry Co. Sdn Bhd.

6.7.2. Main Products of Malayan Electro-Chemical Industry Co. Sdn Bhd.

6.7.3. Operating Model of Malayan Electro-Chemical Industry Co. Sdn Bhd.

6.8. Sanko Plastics Malaysia

6.8.1. History of Sanko Plastics Malaysia

6.8.2. Main Products of Sanko Plastics Malaysia

6.8.3. Operating Model of Sanko Plastics Malaysia

6.9. Scientex

6.9.1. History of Scientex

6.9.2. Main Products of Scientex

6.9.3. Operating Model of Scientex

6.10. Teck See Plastic Sdn Bhd

6.10.1. History of Teck See Plastic Sdn Bhd

6.10.2. Main Products of Teck See Plastic Sdn Bhd

6.10.3. Operating Model of Teck See Plastic Sdn Bhd

7. Outlook for Malaysia’s Plastics Industry (2024-2033)

7.1. Development Factors of Malaysia’s Plastics Industry

7.1.1. Drivers and Opportunities of the Plastics Industry in Malaysia

7.1.2. Threats and Challenges facing the Plastics Industry in Malaysia

7.2. Market Supply Forecast for the Plastics Industry in Malaysia

7.3. Market Demand Forecast for the Plastics Industry in Malaysia

7.4. Import and Export Forecast for the Plastics Industry in Malaysia

List of Charts

Chart Population of Malaysia, 2008-2023

Chart GDP Per Capita in Malaysia, 2013-2023

Chart Related Policies Issued by Malaysia Government for the Plastics Industry, 2019-2023

Chart Production of Plastics in Malaysia, 2019-2023

Chart Plastics Domestic Consumption in Malaysia, 2019-2023

Chart Import Volume of Plastics in Malaysia, 2019-2023

Chart Import Value of Plastics in Malaysia, 2019-2023

Chart Main Suppliers and their Import Values of Plastics Imports in Malaysia, 2019-2023

Chart Export Volume of Plastics and Final Products in Malaysia, 2019-2023

Chart Export Value of Plastics and Final Products in Malaysia, 2019-2023

Chart Main Export Destinations and their Export Values for Plastics from Malaysia, 2019-2023

Chart Production Forecast for Malaysia Plastics, 2024-2033

Chart Domestic Market Size Forecast for Malaysia Plastics, 2024-2033

Chart Import Forecast for Malaysia Plastics, 2024-2033

Chart Export Forecast for Malaysia Plastics, 2024-2033

The post Malaysia Plastic Industry Research Report 2024-2033 first appeared on CRI Report.

Mexico, a federal republic in North America, covers an area of 1.964 million square kilometers, making it the fifth-largest country in the Americas and the thirteenth-largest in the world. With a population of 130 million, it ranks as the tenth most populous country globally and the second most populous in Latin America. In 2023, Mexico’s GDP grew by 3.2%.

Since 2018, Mexico’s plastic industry has shown continuous growth, driven primarily by the packaging sector, especially food and electrical appliance packaging. According to CRI, the plastic packaging industry constitutes over 50% of Mexico’s plastic industry market size, contributing more than 1% to the national GDP. This sector has demonstrated significant resilience against market disruptions. The demand for cleaning products, pharmaceuticals, food, and beverages has been a key driver of the plastic industry’s sustained growth in Mexico, with the market size reaching approximately USD 28.7 billion in 2023.

The increasing use of plastics in automobiles is another significant growth driver for Mexico’s plastic industry. Efforts to reduce vehicle weight for better fuel efficiency heavily rely on plastic components. High-performance thermoset plastics help absorb impact, making cars safer and more durable. Additionally, electric vehicle manufacturers are exploring the use of plastic battery housings to offset battery weight and reduce fire risks. Consequently, the demand for plastic parts in automotive applications is growing.

Mexico has a long history as a significant player in the automotive manufacturing industry. The United States-Mexico-Canada Agreement (USMCA), which took effect on July 1, 2020, stipulates that vehicles produced with at least 75% of components from the US, Mexico, or Canada can be sold tariff-free, up from the 62.5% required by the North American Free Trade Agreement (NAFTA). This agreement aims to further stimulate automotive production in North America. The analysis of CRI shows that in 2023, Mexico produced 3.78 million vehicles, making it the sixth-largest automobile manufacturing nation and the fourth-largest parts producer globally. Nearly all major automotive OEMs have factories in Mexico. Injection molding companies, carbon fiber producers, and other plastic suppliers operating in Mexico can benefit from this manufacturing hub by reducing time to market and transportation costs while strengthening partnerships, all of which support the growth of Mexico’s plastic industry.

The global medical device industry’s anticipated substantial growth also boosts the demand for plastic medical devices. According to CRI, Mexico has long been a low-cost center for manufacturing and assembling medical devices. The need for shorter delivery times has led many medical device companies to relocate production to Mexico. With the acceleration of global industry relocation, Mexico, supported by the North American Free Trade Agreement, access to cheap labor, a well-established industrial chain, and manufacturing centers, is set to attract increasing foreign direct investment. In 2023, Mexico’s FDI hit a record high of USD 36.058 billion, up 27% from the previous year, with 50% of the investment concentrated in manufacturing sectors, including transportation equipment, beverages, and metals.

Mexico’s packaging industry is striving to develop compostable materials and improve the infrastructure needed for higher recycling rates, receiving strong support from the government and related associations. According to the Mexico New Plastic Economy National Agreement, organizations commit to collecting, recycling, or manufacturing 80% of PET and 45% of packaging plastics by 2030.

CRI predicts that the ongoing population growth and the development of Mexico’s manufacturing sector will continue to drive the growth of the plastic industry market. By 2033, the market size of Mexico’s plastic industry is expected to reach USD 49.1 billion, with a CAGR of 5.5% from 2024 to 2033.

Topics covered:

• Overview of Mexico’s Plastics Industry
• Economic Conditions and Policies for Mexico’s Plastics Industry
• Impacts of COVID-19 on the Plastics Industry in Mexico
• Market Size of Mexico’s Plastics Industry (2024-2033)
• Analysis of Major Plastics Manufacturers in Mexico
• Key Drivers and Market Opportunities in Mexico’s Plastics Industry
• What are the Main Drivers, Challenges, and Opportunities for Mexico’s Plastics Industry during the Forecast Period of 2024-2033?
• Key Players in the Plastics Industry in Mexico and their Competitive Advantages
• What is the Expected Revenue for Mexico’s Plastics Market during the Forecast Period of 2024-2033?
• What Strategies are Major Market Players Adopting to Increase Their Market Share in the Industry?
• Which Segment of the Mexico Plastics Market is Expected to Dominate by 2033?
• What are the Main Adverse Factors Facing Mexico’s Plastics Industry?

Table of Contents

1. Overview of Mexico

1.1 Geography

1.2 Demographics of Mexico

1.3 Economic of Mexico

1.4. Minimum Wage in Mexico, 2015-2024

1.5. Impact of COVID-19 on Mexico’ Plastics Industry

2. Development Environment of the Plastics Industry in Mexico

2.1. History of the Plastics Industry in Mexico

2.2. Categories of Plastics in Mexico

2.3. Policies for the Plastics Industry in Mexico

3. Supply and Demand of the Plastics Industry in Mexico

3.1. Supply of the Plastics Industry in Mexico

3.1.1. Production Capacity

3.1.2. Production Volume

3.2. Demand of the Plastics Industry in Mexico

3.2.1. Demand Volume

3.2.2. Market Size

4. Import and Export of the Plastics Industry in Mexico

4.1. Import of the Plastics Industry in Mexico

4.1.1. Import Volume and Value of Plastics in Mexico

4.1.2. Main Suppliers of Plastics Imports in Mexico

4.2. Export of the Plastics Industry in Mexico

4.2.1. Export Volume and Value of Plastics in Mexico

4.2.2. Main Destinations of Plastics Exports in Mexico

5. Market Competition of Mexico’s Plastics Industry

5.1. Barriers to Entry in Mexico’s Plastics Industry

5.1.1. Brand Barriers

5.1.2. Quality Barriers

5.1.3. Capital Barriers

5.2. Competitive Structure of Mexico’s Plastics Industry

5.2.1. Bargaining Power of Plastics Suppliers

5.2.2. Bargaining Power of Consumers

5.2.3. Competitive Landscape of Mexico’s Plastics Industry

5.2.4. Potential Entrants in the Plastics Industry

5.2.5. Substitutes for Plastics Products

6. Analysis of Major Plastics Brands in Mexico

6.1. Alpek

6.1.1. History of Alpek

6.1.2. Main Products of Alpek

6.1.3. Operating Model of Alpek

6.2. Braskem Idesa

6.2.1. History of Braskem Idesa

6.2.2. Main Products of Braskem Idesa

6.2.3. Operating Model of Braskem Idesa

6.3. Amcor plc

6.3.1. History of Amcor plc

6.3.2. Main Products of Amcor plc

6.3.3. Operating Model of Amcor plc

6.4. Mondi Group

6.4.1. History of Mondi Group

6.4.2. Main Products of Mondi Group

6.4.3. Operating Model of Mondi Group

6.5. Winpak Ltd.

6.5.1. History of Winpak Ltd.

6.5.2. Main Products of Winpak Ltd.

6.5.3. Operating Model of Winpak Ltd.

6.6. AptarGroup Inc.

6.6.1. History of AptarGroup Inc.

6.6.2. Main Products of AptarGroup Inc.

6.6.3. Operating Model of AptarGroup Inc.

7. Outlook for Mexico’s Plastics Industry (2024-2033)

7.1. Development Factors of Mexico’s Plastics Industry

7.1.1. Drivers and Opportunities of the Plastics Industry in Mexico

7.1.2. Threats and Challenges facing the Plastics Industry in Mexico

7.2. Market Supply Forecast for the Plastics Industry in Mexico

7.3. Market Demand Forecast for the Plastics Industry in Mexico

7.4. Import and Export Forecast for the Plastics Industry in Mexico

List of Charts

Chart Population of Mexico, 2008-2023

Chart GDP Per Capita in Mexico, 2013-2023

Chart Related Policies Issued by Mexico Government for the Plastics Raw Materials Industry, 2019-2023

Chart Production of Plastics Raw Materials in Mexico, 2019-2023

Chart Plastics Raw Materials Domestic Consumption in Mexico, 2019-2023

Chart Import Volume of Plastics Raw Materials in Mexico, 2019-2023

Chart Import Value of Plastics Raw Materials in Mexico, 2019-2023

Chart Main Suppliers and their Import Values of Plastics Raw Materials Imports in Mexico, 2019-2023

Chart Export Volume of Plastics Raw Materials and Final Products in Mexico, 2019-2023

Chart Export Value of Plastics Raw Materials and Final Products in Mexico, 2019-2023

Chart Main Export Destinations and their Export Values for Plastics Raw Materials from Mexico, 2019-2023

Chart Production Forecast for Mexico Plastics Raw Materials, 2024-2033

Chart Domestic Market Size Forecast for Mexico Plastics Raw Materials, 2024-2033

Chart Import Forecast for Mexico Plastics Raw Materials, 2024-2033

Chart Export Forecast for Mexico Plastics Raw Materials, 2024-2033

The post Mexico Plastic Industry Research Report 2024-2033 first appeared on CRI Report.

On May 19, 2024, the Ministry of Commerce of China issued a notice announcing that it will launch an anti-dumping investigation into imports of polyoxymethylene copolymer originating from the European Union, the United States, Japan and Taiwan (China), and that the investigation is expected to take one year. According to CRI, the polyformaldehyde products can be divided into two main categories based on the structure, homopolymer and copolymer.

Polyoxymethylene copolymer synthesized from formaldehyde, with high mechanical strength, high fatigue resistance, high creep resistance and other good mechanical properties, is able to partially replace copper, zinc, tin and other metal materials, and can be used directly or after modification for automotive parts, electronical appliances, electronics and appliances, machinery, daily necessities, sports equipment, medical equipment, construction materials and other fields.

On October 23, 2023, the Tariff Commission of the State Council of China decided, based on the recommendation of the Ministry of Commerce, to continue to impose anti-dumping duties on imports of polyoxymethylene copolymer originating from South Korea, Thailand and Malaysia for an implementation period of 5 years starting from October 24, 2023.

On April 22, 2024, the Ministry of Commerce of China received an anti-dumping investigation application formally submitted by a number of enterprises on behalf of the polyoxymethylene copolymer industry in mainland China. The applicants requested an anti-dumping investigation on imported polyoxymethylene copolymer originating from the European Union, the United States, Japan and Taiwan (China).

According to the evidence provided by the applicant and the preliminary review by the Ministry of Commerce of China, the applicants’ polyoxymethylene copolymer production accounted for more than 50% of the total production of similar products in mainland China in 2021, 2022 and 2023, which is in line with the provisions for the application of anti-dumping investigation by the relevant industries in mainland China. At the same time, the application contains the content and relevant evidence required for the filing of an anti-dumping investigation. Based on the review results, the Ministry of Commerce of China decided to initiate an anti-dumping investigation on imports of polyoxymethylene copolymer originating from the European Union, the United States, Japan and Taiwan (China) from May 19, 2024.

This investigation would start on May 19, 2024, and should normally be completed by May 19, 2025, with a six-month extension under special circumstances.

In 2023, China imported about 329,900 tons of polyoxymethylene, with an import value of US$664 million. According to CRI, in 2023, China imported polyoxymethylene copolymer from more than 40 countries and regions. The main import sources are the United States, Taiwan (China), South Korea, Japan, Germany, etc. Among them, Taiwan (China) is the largest import source by import volume and the second largest source in terms of import value.

In 2023, China imported about 464 million tons of polyoxymethylene from Taiwan (China), with an import value of US$87.23 million, accounting for 14.1% and 13.1% of China’s total import volume and total import value of polyoxymethylene copolymer, respectively. CRI predicts that in the next few years, imports of polyoxymethylene copolymer from the EU, the United States, Japan and Taiwan (China) will show a certain decline.

Economic growth has led to an increase in consumption levels and demand for new products, which has directly promoted the demand for high-performance materials. At the same time, technological advances have also promoted the development of new applications for new materials outside of traditional fields, such as uses in sustainable energy and high-tech products. For example, for electric vehicles and renewable energy equipment, polyoxymethylene copolymer is an ideal choice for accessories and components due to its lightweight and durable properties. CRI predicts that as global awareness of sustainable development and environmental protection increases, the development and application of environmentally friendly polyoxymethylene copolymer products will also become an important trend.

Therefore, it can be predicted that the consumption of polyoxymethylene in the world and China will continue to grow in the next few years.

CRI expects that with the continuous growth of China’s domestic polyoxymethylene production capacity and output, as well as the improvement of technology level, the import volume and value of polyoxymethylene are projected to show a certain decline in the next few years. However, since it is difficult for China to produce enough high-end polyoxymethylene copolymer products in the short term, the amount of polyoxymethylene imported by China will remain at more than 200,000 tons per year from 2024 to 2033.

Topics covered:

• Analysis of China’s Polyoxymethylene Import Policies
• Polyoxymethylene Imports in China from 2019-2023 and Main Sources
• Main Drivers and Market Opportunities for Polyoxymethylene Imports in China
• What are the main drivers, challenges, and opportunities for Polyoxymethylene imports in China during the 2024-2033 forecast period?
• Who are the key players in China’s Polyoxymethylene import market, and what are their competitive advantages?
• What is the expected revenue for the Polyoxymethylene import market in China during the 2024-2033 forecast period?
• Polyoxymethylene Imports from Japan to China from 2019-2024
• Polyoxymethylene Imports from South Korea to China from 2019-2024
• Polyoxymethylene Imports from Thailand to China from 2019-2024
• Polyoxymethylene Imports from the United States to China from 2019-2024
• Polyoxymethylene Imports from Saudi Arabia to China from 2019-2024
• Monthly Status of Polyoxymethylene Imports in China from 2021-2024
• What strategies have major market players adopted to increase their market share in this industry?
• Which segment of China’s Polyoxymethylene import market is expected to dominate by 2032?
• What are the competitive advantages of the main participants in China’s Polyoxymethylene import market?
• What are the major limiting factors restraining the growth of Polyoxymethylene imports in China?

Table of Contents

1. Analysis of China’s Polyoxymethylene Imports from 2019 to 2023

1.1. The Scale of China’s Polyoxymethylene Import

1.1.1. The Volume of China’s Polyoxymethylene Import

1.1.2. The Value of China’s Polyoxymethylene Import

1.1.3. The Price of China’s Polyoxymethylene Import

1.1.4 The Consumption of China’s Polyoxymethylene

1.1.5. China’s Polyoxymethylene Import Dependence

1.2. China’s Main Polyoxymethylene Import Sources

1.2.1. by Import Volume

1.2.2. by Import Value

2. Analysis of China’s Main Polyoxymethylene Import Sources from 2019 to 2023

2.1. Taiwan (China)

2.1.1 Analysis of Import Volume

2.1.2 Analysis of Import Value

2.1.3 Analysis of Average Import Price

2.2. United States

2.2.1 Analysis of Import Volume

2.2.2 Analysis of Import Value

2.2.3 Analysis of Average Import Price

2.3. Germany

2.3.1 Analysis of Import Volume

2.3.2 Analysis of Import Value

2.3.3 Analysis of Average Import Price

2.4. South Korea

2.5. Japan

2.6. Other Countries

3. Monthly Analysis of Polyoxymethylene in China, 2021-2024

3.1 Analysis of Monthly Import Volume

3.2 Analysis of Monthly Import Value

3.3 Forecast of Monthly Average Import Price

4. Analysis of the Main Factors Affecting China’s Polyoxymethylene Imports

4.1 Policy

4.1.1 Current Status of Import Policy

4.1.2 Trend Forecast of Import Policy

4.2 Economic

4.2.1 Market Price

4.2.2 Growth Trend of China’s Polyoxymethylene Production Capacity

4.3 Technical

5. China Polyoxymethylene Import Outlook, 2024-2033

5.1 China Polyoxymethylene Import Volume Forecast, 2024-2033

5.2 China Polyoxymethylene Import Value Forecast, 2024-2033

5.3 Forecast of China’s Average Import Price of Polyoxymethylene from 2024 to 2033

5.4 Forecast of China’s Main Import Sources of Polyoxymethylene from 2024 to 2033

LIST OF CHARTS

Chart China Polyoxymethylene Import Volume from 2019 to 2023

Chart China Polyoxymethylene Import Value from 2019 to 2023

Chart China Average Import Price of Polyoxymethylene from 2019 to 2023

Chart China Polyoxymethylene Import Dependence from 2019 to 2023

Chart China Main Import Sources of Polyoxymethylene from 2019 to 2023 (by Import Volume)

Chart China Main Import Sources of Polyoxymethylene from 2019 to 2023 (by Import Value)

Chart The Amount of Japan Polyoxymethylene Imported by China from 2019 to 2023

Chart The Amount of American Polyoxymethylene Imported by China from 2019 to 2023

Chart The Amount of German Polyoxymethylene Imported by China from 2019 to 2023

Chart The Amount of Korean Polyoxymethylene Imported by China from 2019 to 2023

Chart Forecast of China Polyoxymethylene Import Volume from 2024 to 2033

Chart Forecast of China Polyoxymethylene Import Value from 2024 to 2033

The post China Polyoxymethylene Import Research Report 2024-2033 first appeared on CRI Report.

Vietnam is located on the eastern part of the Indochina Peninsula, bordering China to the north, Laos and Cambodia to the west, and the South China Sea to the east and south. It is the fourth-largest economy in ASEAN, with a total land area of approximately 330,000 square kilometers. As of the end of 2023, Vietnam’s population was about 103 million.

According to CRI, in recent years, Vietnam’s rapid economic growth and rising household income levels have boosted the demand for soft drinks in the country.

In 2023, the sales volume of soft drinks in Vietnam reached 4.658 billion liters, an increase of 4.8% year-on-year. According to CRI, ready-to-drink tea, bottled water, and carbonated drinks are the top three segments in Vietnam’s soft drink market.

In 2023, Vietnam sold 1.594 billion liters of ready-to-drink tea, accounting for 34.2% of the country’s total soft drink sales. Bottled water is the fastest-growing category, with a compound annual growth rate (CAGR) of 9.9%, reaching 940 million liters in sales in 2023. The growth rate of carbonated drinks was moderate, with annual sales reaching 824 million liters in 2023.

The recent trends in Vietnam’s soft drink industry are influenced by multiple factors. In 2023, Vietnam’s GDP growth was 5.05%, below the initial target of 6.5%. To support businesses and consumers, the Vietnamese government reduced the value-added tax rate from 10% to 8% from July 2023 to the end of the year, aiding the development of the fast-moving consumer goods sector, including soft drinks.

According to CRI, besides government policy support, the increase in outdoor activities and travel by Vietnamese residents after the end of COVID-19 has also benefited the sales of soft drinks. With more time spent on work, study, and leisure activities outside, the demand for various products, including soft drinks, has increased.

In terms of retail channels, e-commerce continues to increase its share in the distribution of soft drinks in Vietnam, benefiting from the rising internet penetration rate and the increasing variety of stores, apps, and platforms offering online sales. According to CRI, many Vietnamese soft drink brands are striving to open official stores on popular e-commerce platforms.

According to CRI, grocery stores remain an important sales channel for Vietnam’s soft drink market due to their convenient locations, especially in rural areas where other channels are limited. As for modern channels such as convenience stores, supermarkets, and hypermarkets, their share has been rising in recent years, supported by urbanization and the increasingly modern lifestyles of Vietnamese consumers.

Among the major players in Vietnam beverage industry, according to CRI, Suntory PepsiCo Vietnam Beverage Co Ltd leads in the categories of carbonated drinks, juice, bottled water, and sports drinks, making it the largest soft drink company in Vietnam in terms of non-trade sales volume. Coca-Cola Beverages Vietnam Co Ltd is also a major producer of carbonated drinks, bottled water, and juice. Tan Hiep Phat Group is a leading local company, ranking second overall, with its tea beverage brand aligning well with health and wellness trends, although it faces competition from other players in the same segment, such as URC Vietnam Co Ltd.

During the COVID-19 pandemic, the trend of Vietnamese consumers paying more attention to health and wellness became more pronounced and has continued since. According to CRI, in Vietnam’s soft drink market, sugary drinks are popular in the summer. In contrast, healthy drinks are highly popular, with strong growth in categories such as reduced-sugar and sugar-free drinks in carbonated and instant tea drinks. Niche products such as functional beverages and plant-based protein drinks have also seen strong growth due to their healthy image. According to market research by CRI’s Hanoi office, to cater to the health and wellness trend in Vietnam, many soft drink companies have launched low-sugar or sugar-free versions of their existing brands and added vitamins and minerals to their products to offer a new health perspective.

Sustainability is also a development trend in the industry, with more Vietnamese soft drink brands committing to using 100% recycled materials in their packaging. This drives the development of a circular economy in Vietnam, turning waste into resources rather than releasing it into the environment. Manufacturers are also working to encourage consumers to recycle bottles by displaying messages like “Recycle Me” on packaging to raise awareness and motivate people to take action.

CRI predicts that the performance of the soft drink industry will remain stable during the forecast period, with major market players continuously stimulating demand through new product development, active marketing campaigns, and special events.

CRI expects bottled water and juice to be the most dynamic categories in Vietnam’s soft drink industry in the coming years, benefiting from their healthier image. In contrast, the growth rate of carbonated drinks is expected to slow due to their increasingly unhealthy image and concerns about their high sugar content.

CRI predicts that the sales volume of Vietnam’s soft drink industry will reach 7.453 billion liters by 2033, with a compound annual growth rate (CAGR) of 4.8% from 2024 to 2033. Different types of soft drinks are expected to have varying growth rates.

CRI anticipates that beverage brand companies, beverage producers, and beverage distributors will find potential investment opportunities in Vietnam’s soft drink market. Packaging producers and other related companies in the beverage industry will also find many opportunities in the Vietnamese market.

Topics covered:

• Overview of Vietnam’s Soft Drinks Industry
• Economic Conditions and Policies for Vietnam’s Soft Drinks Industry
• How Foreign Investment Enters Vietnam’s Soft Drinks Market
• Market Size of Vietnam’s Soft Drinks Industry (2019-2023)
• Analysis of Major Soft Drinks Manufacturers in Vietnam
• Key Drivers and Market Opportunities in Vietnam’s Soft Drinks Industry
• What are the Main Drivers, Challenges, and Opportunities for Vietnam’s Soft Drinks Industry during the Forecast Period of 2024-2033?
• What is the Expected Revenue for Vietnam’s Soft Drinks Market during the Forecast Period of 2024-2033?
• What Strategies are Major Market Players Adopting to Increase Their Market Share in the Industry?
• Which Segment of the Vietnam Soft Drinks Market is Expected to Dominate by 2033?
• Forecast of Vietnam’s Soft Drinks Market (2024-2033)
• What are the Main Adverse Factors Facing Vietnam’s Soft Drinks Industry?

Table of Contents

1. Overview of Vietnam

1.1 Geography

1.2 Demographics of Vietnam

1.3 Economic Conditions of Vietnam

1.4 Minimum Wage in Vietnam (2014-2024)

1.5 Impact of COVID-19 on Vietnam’s Soft Drinks Industry

2. Vietnam Soft Drinks Industry

2.1 Recent Trends in Vietnam’s Soft Drinks Industry

2.2 Policy Environment of Vietnam’s Soft Drinks Industry

2.3 Retail Channels

3. Market Size of Vietnam’s Soft Drinks Industry

3.1 Ready-to-Drink Tea Market Size (2019-2023)

3.2 Carbonated Drinks Market Size (2019-2023)

3.3 Bottled Water Market Size (2019-2023)

3.4 Fruit Juice Market Size (2019-2023)

4. Import and Export Statistics of Soft Drinks Products in Vietnam

4.1 Import Statistics of Soft Drinks in Vietnam

4.1.1 Import of Soft Drinks in Vietnam

4.1.2 Main Suppliers of Soft Drinks Imports in Vietnam

4.2 Export Statistics of Soft Drinks in Vietnam

4.2.1 Export of Soft Drinks in Vietnam

4.2.2 Main Destinations of Soft Drinks Exports in Vietnam

5. Market Competition Analysis of Vietnam’s Soft Drinks Industry

5.1 Barriers to Entry in Vietnam’s Soft Drinks Industry

5.1.1 Brand Barriers

5.1.2 Quality Barriers

5.1.3 Capital Barriers

5.2 Competitive Structure of Vietnam’s Soft Drinks Industry

5.2.1 Bargaining Power of Raw Material Suppliers

5.2.2 Bargaining Power of Consumers

5.2.3 Competitive Landscape of Vietnam’s Soft Drinks Industry

5.2.4 Potential Entrants in the Soft Drinks Industry

5.2.5 Substitutes for Soft Drinks Products

6. Analysis of Major Soft Drinks Companies in Vietnam

6.1 Suntory PepsiCo Vietnam Beverage Co Ltd

6.1.1 Company Introduction

6.1.2 Main Products

6.2 Tan Hiep Phat Group

6.2.1 Company Introduction

6.2.2 Main Products

6.3 Coca-Cola Beverages Vietnam Co Ltd

6.3.1 Company Introduction

6.3.2 Main Products

6.4 Company 4

6.4.1 Company Introduction

6.4.2 Main Products

6.5 Company 5

6.6 Company 6

6.7 Company 7

6.8 Company 8

6.9 Company 9

6.10 Company 10

7. Outlook for Vietnam’s Soft Drinks Industry (2024-2033)

7.1 Future Trends and Influencing Factors

7.1.1 Market Drivers

7.1.2 Market Constraints

7.2 Market Size Forecast

7.3 Import and Export Forecast

List of Charts

Chart Total Population of Vietnam, 2013-2023

Chart GDP Per Capita of Vietnam, 2013-2023

Chart Relevant Policies Issued by the Vietnamese Government for the Soft Drinks Industry, 2018-2024

Chart Soft Drinks Consumption in Vietnam, 2019-2023

Chart Ready-to-Drink Tea Consumption in Vietnam, 2019-2023

Chart Carbonated Drinks Consumption in Vietnam, 2019-2023

Chart Bottled Water Consumption in Vietnam, 2019-2023

Chart Fruit Juice Consumption in Vietnam, 2019-2023

Chart Import of Soft Drinks in Vietnam, 2019-2023

Chart Main Suppliers of Soft Drinks Imports in Vietnam, 2019-2023

Chart Export of Soft Drinks in Vietnam, 2019-2023

Chart Main Destinations of Soft Drinks Exports in Vietnam, 2019-2023

Chart Market Size Forecast of Vietnam’s Soft Drinks Industry, 2024-2033

Chart Import Forecast of Soft Drinks in Vietnam, 2024-2033

Chart Export Forecast of Soft Drinks in Vietnam, 2024-2033

The post Vietnam Soft Drinks Industry Research Report 2024-2033 first appeared on CRI Report.

Vietnam, located in the eastern part of the Indochina Peninsula, is the fourth-largest economy in ASEAN. With a total land area of approximately 330,000 square kilometers and a population of about 103 million by the end of 2023, Vietnam has seen rapid economic growth in recent years, leading to increased household incomes and a boost in demand for candy products.

In 2023, Vietnam’s candy sales grew by 6.9% year-on-year, reaching US$ 518 million. According to CRI, Vietnam’s candy industry can be primarily divided into chocolate, hard candy, and soft candy. Soft candy holds the largest market share, with sales reaching US$ 170 million in 2023, up 5.6% year-on-year.

Chocolate is the fastest-growing category, with an average annual growth rate of 8.6% over the past five years, reaching US$ 140 million in 2023, a 7.7% increase from the previous year.

In terms of retail channels, supermarkets remain the primary retail distribution channel for chocolate candy in Vietnam due to their modern storage systems and air-conditioned spaces. Chocolate is challenging to store in Vietnam’s typical high-temperature environment, posing difficulties for traditional grocery stores, which often lack refrigerated display cases or cold chain distribution systems to maintain product integrity during transportation. Supermarkets, typically equipped with air conditioning, are better suited to keep products cool during transit. Additionally, the primary buyers of chocolate candy are affluent urban consumers, who are also the main target market for supermarkets. These consumers value the one-stop shopping experience provided by supermarkets, which can save them time on daily necessities purchases.

In Vietnam’s candy market, the main players in the chocolate and sugar candy segments have little overlap, with each company primarily focusing on its main track. According to CRI, the major players in Vietnam’s chocolate market include Mars Vietnam Co Ltd, Nestlé Vietnam Co Ltd, and Chocolaterie Guylian NV. Key players in the sugar candy market include Perfetti Van Melle Vietnam Ltd and Haiha Confectionery JSC.

After the end of the COVID-19 pandemic, there has been an increased focus on health and wellness, with consumers making more conscious decisions regarding food intake. People are increasingly inclined to choose healthier chocolates, such as dark chocolate with reduced sugar or added nuts and fruits for functional benefits. In the sugar candy market, Vietnamese consumers increasingly prefer the elasticity and soft texture of gummies, jellies, and chewable candies. These products’ soft texture is suitable for children, and by offering products in cute shapes like animals, fruits, or toys, sub-categories like gummies, jellies, and chewable tablets may become more appealing to children, potentially becoming the primary audience for gummies in the future.

Over the next few years, with the continued growth of Vietnam’s economy, the sales of sugar candies are expected to expand further. Product innovation is also likely to stimulate consumer demand, supported by significant investments in marketing and advertising activities by leading companies. However, given the growing health consciousness among Vietnamese consumers, many aim to reduce their daily sugar intake. High sugar diets are well-known to be associated with obesity, diabetes, and other chronic diseases. Increased disposable incomes and higher education levels will drive this shift towards healthier diets, with more affluent and knowledgeable consumers more likely to make informed dietary choices.

Nevertheless, it should be noted that most consumers will continue to seek “reduced sugar” rather than “sugar-free” options, as they do not want to forgo the sweetness of candy. Thus, leading brands in this category are expected to focus on providing lower-sugar products rather than sugar-free ones.

In addition to developing low-sugar candies, there may be a growing demand for functional products with additional health benefits, such as boosting the immune system, enhancing energy levels, or reducing stress. Therefore, ingredients like vitamins, minerals, and herbal extracts are expected to be incorporated into Vietnamese candy products to meet this demand.

CRI forecasts that Vietnam’s candy industry will continue to grow, with the market size expected to reach US$ 1.13 billion by 2033, with a compound annual growth rate (CAGR) of 8.1% from 2024 to 2033.

Topics covered:

• Overview of Vietnam’s Candy Industry
• Economic Conditions and Policies for Vietnam’s Candy Industry
• How Foreign Investment Enters Vietnam’s Candy Market
• Market Size of Vietnam’s Candy Industry (2019-2023)
• Analysis of Major Candy Manufacturers in Vietnam
• Key Drivers and Market Opportunities in Vietnam’s Candy Industry
• Main Drivers, Challenges, and Opportunities for Vietnam’s Candy Industry during the Forecast Period of 2024-2033
• Expected Revenue for Vietnam’s Candy Market during the Forecast Period of 2024-2033
• Strategies Adopted by Major Market Players to Increase Their Market Share in the Industry
• Which Segment of Vietnam’s Candy Market is Expected to Dominate by 2033?
• Vietnam Candy Market Forecast (2024-2033)
• Main Adverse Factors Facing Vietnam’s Candy Industry

Table of Contents

1. Overview of Vietnam

1.1. Geography

1.2. Demographics of Vietnam

1.3. Economic Conditions of Vietnam

1.4. Minimum Wage in Vietnam (2014-2024)

1.5. Impact of COVID-19 on Vietnam’s Candy Industry

2. Vietnam Candy Industry

2.1. Recent Trends in Vietnam’s Candy Industry

2.2. Policies for Vietnam’s Candy Industry

2.3. Retail Channels

3. Market Size of Vietnam’s Candy Industry

3.1. Chocolate Market Size (2019-2023)

3.2. Hard Candy Market Size (2019-2023)

3.3. Soft Candy Market Size (2019-2023)

4. Import and Export Statistics of Candy in Vietnam

4.1. Import Statistics of Candy in Vietnam

4.1.1. Import of Candy in Vietnam

4.1.2. Main Suppliers of Candy Imports in Vietnam

4.2. Export Statistics of Candy in Vietnam

4.2.1. Export of Candy in Vietnam

4.2.2. Main Destinations of Candy Exports in Vietnam

5. Market Competition Analysis of Vietnam’s Candy Industry

5.1. Barriers to Entry in Vietnam’s Candy Industry

5.1.1. Brand Barriers

5.1.2. Quality Barriers

5.1.3. Capital Barriers

5.2. Competitive Structure of Vietnam’s Candy Industry

5.2.1. Bargaining Power of Raw Material Suppliers

5.2.2. Bargaining Power of Consumers

5.2.3. Competitive Landscape of Vietnam’s Candy Industry

5.2.4. Potential Entrants in the Candy Industry

5.2.5. Substitutes for Candy Products

6. Analysis of Major Candy Brands in Vietnam

6.1. Mars Vietnam Co Ltd

6.1.1. Company Introduction

6.1.2. Main Products

6.2. Perfetti Van Melle Vietnam Ltd

6.2.1. Company Introduction

6.2.2. Main Products

6.3. Haiha Confectionery JSC

6.3.1. Company Introduction

6.3.2. Main Products

6.4. Company 4

6.4.1. Company Introduction

6.4.2. Main Products

6.5. Company 5

6.6. Company 6

6.7. Company 7

6.8. Company 8

6.9. Company 9

6.10. Company 10

6.11. Company 11

6.12. Company 12

7. Outlook for Vietnam’s Candy Industry (2024-2033)

7.1. Future Trends and Influencing Factors

7.1.1. Market Drivers

7.1.2. Market Constraints

7.2. Market Size Forecast

7.3. Import and Export Forecast

List of Charts

Chart Total Population of Vietnam, 2013-2023

Chart GDP Per Capita of Vietnam, 2013-2023

Chart Relevant Policies Issued by the Vietnamese Government for the Candy Industry, 2018-2024

Chart Candy Consumption in Vietnam, 2019-2023

Chart Chocolate Consumption in Vietnam, 2019-2023

Chart Hard Candy Consumption in Vietnam, 2019-2023

Chart Soft Candy Consumption in Vietnam, 2019-2023

Chart Import of Candy in Vietnam, 2019-2023

Chart Main Suppliers of Candy Imports in Vietnam, 2019-2023

Chart Export of Candy in Vietnam, 2019-2023

Chart Main Destinations of Candy Exports in Vietnam, 2019-2023

Chart Market Size Forecast of Vietnam’s Candy Industry, 2024-2033

Chart Import Forecast of Candy in Vietnam, 2024-2033

Chart Export Forecast of Candy in Vietnam, 2024-2033

The post Vietnam Candy Industry Research Report 2024-2033 first appeared on CRI Report.

Vietnam, located in the eastern part of the Indochina Peninsula, is the fourth-largest economy in ASEAN. The country spans approximately 330,000 square kilometers. By the end of 2023, Vietnam’s population has reached about 103 million people. According to CRI, Vietnam’s economy has grown rapidly in recent years, with rising income levels among residents, driving the growth in demand for alcoholic beverages in the country.

In 2023, the market size of Vietnam’s alcoholic beverages industry has exceeded 5.41 billion liters. According to CRI, beer is the most significant segment of the Vietnamese alcoholic beverage market, with its market size in Vietnam reaching approximately 5.34 billion liters in 2023, representing a year-on-year growth of 10.4% and accounting for 98.7% of the total market size for alcoholic beverages in Vietnam. Other important categories include wine, spirits, and cider, with market sizes of 17.4 million liters, 51.1 million liters, and 1.4 million liters, respectively, in 2023.

Regarding the retail channels for alcoholic beverages in Vietnam, the rapid growth of e-commerce has led to consistent increases in online sales of these products. This trend is particularly notable among young urban consumers, who further prefer purchasing alcoholic beverages online. According to CRI, the rise of e-commerce is most evident in the beer sector. Beer, being relatively inexpensive, poses less risk to consumers who are concerned about the potential drawbacks of online shopping. In contrast, due to fears of fraud and scams, Vietnamese consumers are more inclined to purchase spirits, especially higher-priced blended whiskey, from physical retail stores. Before 2020, Vietnamese law prohibited the online retails of alcoholic beverages with an alcohol by volume (ABV) of over 15%. However, this ban was lifted in 2021, allowing vendors to sell higher ABV alcoholic drinks through e-commerce platforms. Additionally, the COVID-19 has further driven the development of this channel, prompting more Vietnamese consumers to buy alcoholic beverages online.

Despite the rapid growth of e-commerce, local small grocery stores still dominate alcohol sales in Vietnam. These stores are often the most convenient choice for consumers, especially those living in rural areas who sometimes cannot access modern grocery retailers. However, as modern grocery retailers continue to expand nationwide, the share of supermarkets and hypermarkets continued to rise in 2022.

Among the key players in the Vietnamese alcoholic beverages industry, Heineken Vietnam Brewery Limited Company remains the leader in terms of total alcohol volume and replaced Saigon Alcohol Beer and Beverages Corporation (Sabeco) as the market leader in 2020. According to CRI, Heineken also almost monopolizes the sales of cider/berry wine, achieving strong growth in the cider/berry wine segment after the COVID-19.

The future trends in the Vietnamese alcoholic beverages industry are different in various aspects, particularly for the development characteristics of different types of alcoholic drinks. According to CRI, beer, as one of Vietnam’s most popular alcoholic beverages, is experiencing the rise of craft and artisanal beers. Young consumers’ pursuit of quality and unique flavors is driving the growth of this segment. Additionally, increasing health awareness may prompt manufacturers to introduce low-alcohol or non-alcoholic beer options.

In the spirits and wine sectors, Vietnamese consumers also show interest in high-quality and specialty products. Spirits such as whiskey, vodka, and rum may see more craft brands and specialty flavored products emerge, but growth is expected to be slower due to their gastrointestinal irritants. The wine market may be influenced by international collaborations and increased imports, with the diversity of choices expanding as Vietnamese consumers become more receptive to various international and local wines. Meanwhile, the growth of e-commerce is changing the way all types of alcoholic beverages are purchased. Especially during the post-COVID-19 recovery period, the convenience and accessibility of online shopping make consumers more inclined to purchase online. This means that producers need to strengthen their online market presence and marketing strategies.

With the continuous development of Vietnam’s economy and the increase in per capita disposable income, CRI expects the sales volume of alcoholic beverages in Vietnam to continue growing in the coming years. Product innovation will also stimulate consumer demand, especially in the dominant beer category, where leading companies will also invest heavily in marketing and advertising to attract consumers.

CRI expects the market size of the Vietnamese alcoholic beverages industry to reach 14.563 billion liters by 2033, with a compound annual growth rate (CAGR) of 10.4% from 2024 to 2033.

Topics covered:

• Overview of the Vietnamese Alcoholic Beverages Industry
• Economic Conditions and Policies for Alcoholic Beverages in Vietnam
• How Foreign Investment Enters the Vietnamese Alcoholic Beverages Market
• Market Size of Vietnamese Alcoholic Beverages from 2019 to 2023
• Analysis of Major Vietnamese Alcoholic Beverages Manufacturers
• Key Drivers and Market Opportunities in the Vietnamese Alcoholic Beverages Industry
• What are the Major Drivers, Challenges, and Opportunities in the Vietnamese Alcoholic Beverages Industry during the Forecast Period 2024-2033?
• What is the Expected Revenue of the Vietnamese Alcoholic Beverages Market during the Forecast Period 2024-2033?
• What Strategies have the Major Market Players Adopted to Increase their Market Share in the Industry?
• Which Segment of the Vietnamese Alcoholic Beverages Market is Expected to Dominate the Market by 2033?
• Forecast of the Vietnamese Alcoholic Beverages Market 2024-2033
• What are the Main Adverse Factors Facing the Vietnamese Alcoholic Beverages Industry?

Table of Contents

1. Overview of Vietnam

1.1 Geography

1.2 Demographics of Vietnam

1.3 Economic Conditions of Vietnam

1.4 Minimum Wage in Vietnam from 2014 to 2024

1.5 Impact of COVID-19 on the Vietnamese Alcoholic Beverages Industry

2. Vietnamese Alcoholic Beverages Industry

2.1 Recent Trends in the Vietnamese Alcoholic Beverages Industry

2.2 Policies for the Vietnamese Alcoholic Beverages Industry

2.3 Retail Channels

3. Market Size of the Vietnamese Alcoholic Beverages Industry

3.1 Beer Market Size, 2019-2023

3.2 Wine Market Size, 2019-2023

3.3 Spirits Market Size, 2019-2023

3.4 Cider Market Size, 2019-2023

4. Import and Export Statistics of Alcoholic Beverages Products in Vietnam

4.1 Import Statistics of Alcoholic Beverages Products in Vietnam

4.1.1 Import of Alcoholic Beverages Products in Vietnam

4.1.2 Main Suppliers of Alcoholic Beverages Imports in Vietnam

4.2 Export Statistics of Alcoholic Beverages Products in Vietnam

4.2.1 Export of Alcoholic Beverages Products in Vietnam

4.2.2 Main Export Destinations of Alcoholic Beverages Products in Vietnam

5. Market Competition Analysis of the Vietnamese Alcoholic Beverages Industry

5.1 Barriers to Entry in the Vietnamese Alcoholic Beverages Industry

5.1.1 Brand Barriers

5.1.2 Quality Barriers

5.1.3 Capital Barriers

5.2 Competitive Structure of the Vietnamese Alcoholic Beverages Industry

5.2.1 Bargaining Power of Raw Material Suppliers

5.2.2 Bargaining Power of Consumers

5.2.3 Competitive Landscape of the Vietnamese Alcoholic Beverages Industry

5.2.4 Potential Entrants in the Alcoholic Beverages Industry

5.2.5 Substitutes for Alcoholic Beverages Products

6. Analysis of Major Alcoholic Beverages Companies in Vietnam

6.1 Heineken Vietnam Brewery Limited Company

6.1.1 Company Overview of Heineken Vietnam Brewery Limited Company

6.1.2 Main Products of Heineken Vietnam Brewery Limited Company

6.2 Saigon Alcohol Beer & Beverages Corp

6.2.1 Company Overview of Saigon Alcohol Beer & Beverages Corp

6.2.2 Main Products of Saigon Alcohol Beer & Beverages Corp

6.3 Carlsberg Vietnam Trading Co Ltd

6.3.1 Company Overview of Carlsberg Vietnam Trading Co Ltd

6.3.2 Main Products of Carlsberg Vietnam Trading Co Ltd

6.4 Company 4

6.5 Company 5

6.6 Company 6

6.7 Company 7

6.8 Company 8

6.9 Company 9

6.10 Company 10

7. Outlook for the Vietnamese Alcoholic Beverages Industry from 2024 to 2033

7.1 Future Trends and Influencing Factors in the Vietnamese Alcoholic Beverages Industry

7.1.1 Market Drivers of the Vietnamese Alcoholic Beverages Industry

7.1.2 Market Constraints Facing the Vietnamese Alcoholic Beverages Industry

7.2 Market Size Forecast for the Vietnamese Alcoholic Beverages Industry

7.3 Import and Export Forecast for the Vietnamese Alcoholic Beverages Industry

List of Charts

Chart Population of Vietnam, 2013-2023

Chart GDP Per Capita in Vietnam, 2013-2023

Chart Related Policies Issued by Vietnam Government for Alcoholic Beverages Industry, 2018-2024

Chart Alcoholic Beverages Consumption in Vietnam, 2019-2023

Chart Beer Consumption in Vietnam, 2019-2023

Chart Wine Consumption in Vietnam, 2019-2023

Chart Spirits Consumption in Vietnam, 2019-2023

Chart Cider Consumption in Vietnam, 2019-2023

Chart Import of Alcoholic Beverages in Vietnam, 2019-2023

Chart Main Suppliers of Alcoholic Beverages Imports in Vietnam, 2019-2023

Chart Export of Alcoholic Beverages in Vietnam, 2019-2023

Chart Main Export Destinations for Alcoholic Beverages from Vietnam, 2019-2023

Chart Market Size Forecast for the Vietnamese Alcoholic Beverages Industry, 2024-2033

Chart Import Forecast for the Vietnamese Alcoholic Beverages Industry, 2024-2033

Chart Export Forecast for the Vietnamese Alcoholic Beverages Industry, 2024-2033

The post Vietnam Alcoholic Beverages Industry Research Report 2024-2033 first appeared on CRI Report.

Vietnam is located on the eastern part of the Indochina Peninsula, bordering China to the north, Laos and Cambodia to the west, and the South China Sea to the east and south. It is the fourth-largest economy in ASEAN, with a total land area of 329,556 square kilometers. As of the end of 2023, Vietnam’s population was about 103 million. In 2023, Vietnam’s GDP grew by 5.8% year-on-year, reaching USD 435 billion, with a per capita GDP of USD 4,284, making it the fourth-largest economy in Southeast Asia and the 35th largest globally. According to the World Bank, Vietnam’s middle class and affluent class are expected to grow rapidly, accounting for 20% of the population by 2030. According to the analysis of CRI, the consistent economic development of Vietnam, the growth of the middle class, and the increasing demand for high-quality medical services are key drivers for the development of the Vietnamese medical devices industry. Additionally, increased investment in medical technology and the rapid advancement of research technologies further support the expansion of Vietnam’s medical devices market.

CRI has analyzed that the market size of Vietnam’s medical devices industry was USD 1.67 billion in 2023. Medical devices in Vietnam can be categorized into four main types: medical equipment, high-value medical consumables, low-value medical consumables, and in vitro diagnostics (IVD). Over 90% of medical devices are imported, with the United States, Japan, Singapore, Germany, and China being the main source countries. More than 30% of imports are high-end products such as MRI, CT, X-ray, and ultrasound equipment from Japan and Germany. As CRI analyzed, the medical devices of Vietnam are highly dependent on imports. Due to Vietnam’s limited basic industrial level, it mainly produces simple medical supplies, and local production cannot meet the corresponding market demand. Therefore, the Vietnamese government encourages the import of medical devices. The import tariffs on medical devices are low, without quota restrictions.

Apart from the reliance on imports, medical resources in Vietnam are also quite imbalanced. The Vietnamese medical devices market is divided into two distinct regions: the northern and southern markets. The northern region has more government departments, regulatory agencies, and national healthcare institutions, while the southern region is more concentrated with private institutions. According to CRI, high-quality medical resources in Vietnam are primarily concentrated in the capital city Hanoi and the largest city, Ho Chi Minh City. Therefore, foreign companies planning to enter the Vietnamese medical devices industry should pay special attention to these two cities.

The medical devices industry in Vietnam holds significant potential for foreign investors. According to CRI, Vietnam’s low labor costs and numerous trade agreements make it a potential investment destination for global medical devices companies. However, in high-end medical equipment and high-value medical consumables, Vietnam still faces challenges such as education, research and development of advanced technologies, and infrastructure.

CRI has forecast that Vietnam’s medical devices industry is expected to grow rapidly in the future, particularly in the low-value medical consumables segment, which has lower patent barriers. The driving forces for the medical devices market in Vietnam include the growth in domestic market demand and the increase in Vietnam’s medical devices exports. By 2033, the market size of Vietnam’s medical devices industry is expected to reach USD 3.95 billion, with a compound annual growth rate (CAGR) of 9.0% from 2024 to 2033.

Topics covered:

• Overview of Vietnam’s Medical Devices Industry
• Economic Conditions and Policies for Vietnam’s Medical Devices Industry
• Impacts of COVID-19 on the Medical Devices Industry in Vietnam
• Market Size of Vietnam’s Medical Devices Industry (2024-2033)
• Analysis of Major Medical Devices Manufacturers in Vietnam
• Key Drivers and Market Opportunities in Vietnam’s Medical Devices Industry
• What are the Main Drivers, Challenges, and Opportunities for Vietnam’s Medical Devices Industry during the Forecast Period of 2024-2033?
• Key Players in the Medical Devices Industry in Vietnam and their Competitive Advantages
• What is the Expected Revenue for Vietnam’s Medical Devices Market during the Forecast Period of 2024-2033?
• What Strategies are Major Market Players Adopting to Increase Their Market Share in the Industry?
• Which Segment of the Vietnam Medical Devices Market is Expected to Dominate by 2033?
• What are the Main Adverse Factors Facing Vietnam’s Medical Devices Industry?

Table of Contents

1. Overview of Vietnam

1.1. Geography

1.2. Demographics of Vietnam

1.3. Economic of Vietnam

1.4. Minimum Wage in Vietnam, 2015-2024

1.5. Impact of COVID-19 on Vietnam’s Medical Devices Industry

2. Development Environment of the Medical Devices Industry in Vietnam

2.1. History of the Medical Devices Industry in Vietnam

2.2. Categories of Medical Devices in Vietnam

2.3. Policies for the Medical Devices Industry in Vietnam

3. Supply and Demand of the Medical Devices Industry in Vietnam

3.1. Supply of the Medical Devices Industry in Vietnam

3.1.1. Production Capacity

3.1.2. Production Volume

3.2. Demand of the Medical Devices Industry in Vietnam

3.2.1. Demand Volume

3.2.2. Market Size

4. Import and Export of the Medical Devices Industry in Vietnam

4.1. Import of the Medical Devices Industry in Vietnam

4.1.1. Import Volume and Value of Medical Devices in Vietnam

4.1.2. Main Suppliers of Medical Devices Imports in Vietnam

4.2. Export of the Medical Devices Industry in Vietnam

4.2.1. Export Volume and Value of Medical Devices in Vietnam

4.2.2. Main Destinations of Medical Devices Exports in Vietnam

5. Market Competition of Vietnam’s Medical Devices Industry

5.1. Barriers to Entry in Vietnam’s Medical Devices Industry

5.1.1. Brand Barriers

5.1.2. Quality Barriers

5.1.3. Capital Barriers

5.2. Competitive Structure of Vietnam’s Medical Devices Industry

5.2.1. Bargaining Power of Medical Devices Suppliers

5.2.2. Bargaining Power of Consumers

5.2.3. Competitive Landscape of Vietnam’s Medical Devices Industry

5.2.4. Potential Entrants in the Medical Devices Industry

5.2.5. Substitutes for Medical Devices Products

6. Analysis of Major Medical Devices Brands in Vietnam

6.1. Medtronic

6.1.1. History of Medtronic

6.1.2. Main Products of Medtronic

6.1.3. Operating Model of Medtronic

6.2. Johnson & Johnson

6.2.1. History of Johnson & Johnson

6.2.2. Main Products of Johnson & Johnson

6.2.3. Operating Model of Johnson & Johnson

6.3. Becton Dickinson

6.3.1. History of Becton Dickinson

6.3.2. Main Products of Becton Dickinson

6.3.3. Operating Model of Becton Dickinson

6.4. Siemens Healthineers

6.4.1. History of Siemens Healthineers

6.4.2. Main Products of Siemens Healthineers

6.4.3. Operating Model of Siemens Healthineers

6.5. Boston Scientific

6.5.1. History of Boston Scientific

6.5.2. Main Products of Boston Scientific

6.5.3. Operating Model of Boston Scientific

6.6. Stryker Corporation

6.6.1. History of Stryker Corporation

6.6.2. Main Products of Stryker Corporation

6.6.3. Operating Model of Stryker Corporation

6.7. Danaher Corporation

6.7.1. History of Danaher Corporation

6.7.2. Main Products of Danaher Corporation

6.7.3. Operating Model of Danaher Corporation

6.8. Philips Healthcare

6.8.1. History of Philips Healthcare

6.8.2. Main Products of Philips Healthcare

6.8.3. Operating Model of Philips Healthcare

6.9. USM Healthcare Medical Devices Factory JSC

6.9.1. History of USM Healthcare Medical Devices Factory JSC

6.9.2. Main Products of USM Healthcare Medical Devices Factory JSC

6.9.3. Operating Model of USM Healthcare Medical Devices Factory JSC

6.10. VIMEDTEC., JSC

6.10.1. History of VIMEDTEC., JSC

6.10.2. Main Products of VIMEDTEC., JSC

6.10.3. Operating Model of VIMEDTEC., JSC

7. Outlook for Vietnam’s Medical Devices Industry (2024-2033)

7.1. Development Factors of Vietnam’s Medical Devices Industry

7.1.1. Drivers and Opportunities of the Medical Devices Industry in Vietnam

7.1.2. Threats and Challenges facing the Medical Devices Industry in Vietnam

7.2. Market Supply Forecast for the Medical Devices Industry in Vietnam

7.3. Market Demand Forecast for the Medical Devices Industry in Vietnam

7.4. Import and Export Forecast for the Medical Devices Industry in Vietnam

List of Charts

Chart Population of Vietnam, 2009-2023

Chart GDP Per Capita in Vietnam, 2014-2023

Chart Related Policies Issued by Vietnam Government for Medical Devices Industry, 2019-2023

Chart Production of Medical Devices in Vietnam, 2019-2023

Chart Medical Devices Domestic Consumption in Vietnam, 2019-2023

Chart Import Volume of Medical Devices in Vietnam, 2019-2023

Chart Import Value of Medical Devices in Vietnam, 2019-2023

Chart Main Suppliers and their Import Values of Medical Devices Imports in Vietnam, 2019-2023

Chart Export Volume of Medical Devices and Final Products in Vietnam, 2019-2023

Chart Export Value of Medical Devices and Final Products in Vietnam, 2019-2023

Chart Main Export Destinations and their Export Values for Medical Devices from Vietnam, 2019-2023

Chart Production Forecast for the Vietnamese Medical Devices Industry, 2024-2033

Chart Domestic Market Size Forecast for the Vietnamese Medical Devices Industry, 2024-2033

Chart Import Forecast for the Vietnamese Medical Devices Industry, 2024-2033

Chart Export Forecast for the Vietnamese Medical Devices Industry, 2024-2033

The post Vietnam Medical Devices Industry Research Report 2024-2033 first appeared on CRI Report.

Singapore is located at the southern tip of the Malay Peninsula, at the entrance of the Straits of Malacca. It is bordered to the north by Malaysia across the Johor Strait and to the south by Indonesia across the Singapore Strait. Comprising Singapore Island and 63 other islands, the country covers a total land area of 733.2 square kilometers. Singapore is not only the only developed country in Southeast Asia but also the fourth-largest international financial center after New York, London, and Hong Kong. Over the past decade, Singapore’s nominal GDP has grown from US$ 314.86 billion in 2014 to US$ 501.31 billion in 2023, with a per capita GDP exceeding $80,000 in 2023.

According to the Population in Brief 2023 released by Singapore’s Population and Talent Division, as of June 2023, Singapore’s total population was approximately 5.92 million, with citizens aged 65 and above accounting for 19.1%. Additionally, the preliminary estimate for Singapore’s total fertility rate in 2023 was 0.97, falling below 1 for the first time, indicating an accelerating trend of population aging.

The medical devices market in Singapore reached $3.23 billion in 2023. According to CRI, the market size of Singapore’s medical devices has shown continuous growth over the past few years. Ranked by the World Health Organization, Singapore boasts the sixth most efficient healthcare system globally and the fourth-best healthcare infrastructure, attracting patients from neighboring Southeast Asian countries and other parts of the world. The aging population and the increasing burden of chronic diseases, the rising demand for high-quality healthcare services, and a thriving medical tourism industry have been key drivers of the rapid development of Singapore’s medical devices industry in recent years. Singapore currently has 19 public hospitals, which are the largest customers in the medical devices industry, accounting for nearly 70% of the total demand, with private hospitals also being major consumers of medical devices.

Foreign enterprises dominate over 80% of the medical devices market in Singapore, primarily producing and supplying high-end medical equipment. Major companies include Abbott, Alcon, Becton Dickinson, Medtronic, and Siemens Healthineers. CRI has analyzed that while there are a few local companies in Singapore’s medical devices industry, they are mostly small enterprises mainly supplying medical consumables.

With the aging population trend and the increasing number of chronic disease patients, the demand for medical devices in Singapore will continue to grow. CRI expects the medical devices industry in Singapore to be further driven by technological innovation and digital transformation in the coming years. Digital healthcare solutions such as telemedicine, medical data analytics, and smart medical devices will gradually become widespread, providing new growth opportunities for Singapore’s medical devices industry. However, the development of the industry also faces challenges, including increasingly stringent regulatory and compliance requirements, necessitating strengthened quality management systems by companies. Additionally, market competition is becoming increasingly intense.

CRI forecasts that in the coming years, driven by factors such as population growth and technological advancements, Singapore’s medical devices industry has significant development potential. It is projected that the market size of Singapore’s medical devices industry will reach US$ 7.11 billion by 2033, with a compound annual growth rate (CAGR) of 8.2% from 2024 to 2033.

Topics covered:

• Overview of Singapore’s Medical Devices Industry
• Economic Conditions and Policies for Singapore’s Medical Devices Industry
• How Foreign Investment Enters Singapore’s Medical Devices Market
• Market Size of Singapore’s Medical Devices Industry (2024-2033)
• Analysis of Major Medical Devices Manufacturers in Singapore
• Key Drives and Market Opportunities for the Medical Devices Industry in Singapore
• What are the Major Drivers, Challenges, and Opportunities for the Medical Devices Industry in Singapore during the Forecast Period 2024-2033?
• Who are the Main Players in Singapore’s Medical Devices Market and What are their Competitive Advantages?
• What is the Expected Revenue of Singapore’s Medical Devices Market during the Forecast Period 2024-2033?
• What Strategies have the Major Market Players Adopted to Increase their Market Share in the Industry?
• Which Segment of Singapore’s Medical Devices Market is Expected to Dominate the Market by 2032?
• What are the Main Adverse Factors Facing the Singapore Medical Devices Industry?

Table of Contents

1. Overview of Singapore

1.1 Geography

1.2 Demographics of Singapore

1.3 Economic of Singapore

1.4. Minimum Wage in Singapore, 2015-2024

1.5. Impact of COVID-19 on Singapore’s Medical Devices Industry

2. Development Environment of the Medical Devices Industry in Singapore

2.1. History of the Medical Devices Industry in Singapore

2.2. Categories of Medical Devices in Singapore

2.3. Policies for the Medical Devices Industry in Singapore

3. Supply and Demand of the Medical Devices Industry in Singapore

3.1. Supply of the Medical Devices Industry in Singapore

3.1.1. Production Capacity

3.1.2. Production Volume

3.2. Demand of the Medical Devices Industry in Singapore

3.2.1. Demand Volume

3.2.2. Market Size

4. Import and Export of the Medical Devices Industry in Singapore

4.1. Import of the Medical Devices Industry in Singapore

4.1.1. Import Volume and Value of Medical Devices in Singapore

4.1.2. Main Suppliers of Medical Devices Imports in Singapore

4.2. Export of the Medical Devices Industry in Singapore

4.2.1. Export Volume and Value of Medical Devices in Singapore

4.2.2. Main Destinations of Medical Devices Exports in Singapore

5. Market Competition of Singapore’s Medical Devices Industry

5.1. Barriers to Entry in Singapore’s Medical Devices Industry

5.1.1. Brand Barriers

5.1.2. Quality Barriers

5.1.3. Capital Barriers

5.2. Competitive Structure of Singapore’s Medical Devices Industry

5.2.1. Bargaining Power of Medical Devices Suppliers

5.2.2. Bargaining Power of Consumers

5.2.3. Competitive Landscape of Singapore’s Medical Devices Industry

5.2.4. Potential Entrants in the Medical Devices Industry

5.2.5. Substitutes for Medical Devices Products

6. Analysis of Major Medical Devices Brands in Singapore

6.1. Abbott

6.1.1. History of Abbott

6.1.2. Main Products of Abbott

6.1.3. Operating Model of Abbott

6.2. Alcon

6.2.1. History of Alcon

6.2.2. Main Products of Alcon

6.2.3. Operating Model of Alcon

6.3. Becton Dickinson

6.3.1. History of Becton Dickinson

6.3.2. Main Products of Becton Dickinson

6.3.3. Operating Model of Becton Dickinson

6.4. Medtronic

6.4.1. History of Medtronic

6.4.2. Main Products of Medtronic

6.4.3. Operating Model of Medtronic

6.5. Biosensors International

6.5.1. History of Biosensors International

6.5.2. Main Products of Biosensors International

6.5.3. Operating Model of Biosensors International

6.6. Nipro Corp

6.6.1. History of Nipro Corp

6.6.2. Main Products of Nipro Corp

6.6.3. Operating Model of Nipro Corp

6.7. B. Braun Singapore Pte Ltd

6.7.1. History of B. Braun Singapore Pte Ltd

6.7.2. Main Products of B. Braun Singapore Pte Ltd

6.7.3. Operating Model of B. Braun Singapore Pte Ltd

6.8. Danaher Corporation

6.8.1. History of Danaher Corporation

6.8.2. Main Products of Danaher Corporation

6.8.3. Operating Model of Danaher Corporation

6.9. Siemens Healthineers

6.9.1. History of Siemens Healthineers

6.9.2. Main Products of Siemens Healthineers

6.9.3. Operating Model of Siemens Healthineers

6.10. Boston Scientific

6.10.1. History of Boston Scientific

6.10.2. Main Products of Boston Scientific

6.10.3. Operating Model of Boston Scientific

7. Outlook for Singapore’s Medical Devices Industry (2024-2033)

7.1. Development Factors of Singapore’s Medical Devices Industry

7.1.1. Drivers and Opportunities of the Medical Devices Industry in Singapore

7.1.2. Threats and Challenges facing the Medical Devices Industry in Singapore

7.2. Market Supply Forecast for the Medical Devices Industry in Singapore

7.3. Market Demand Forecast for the Medical Devices Industry in Singapore

7.4. Import and Export Forecast for the Medical Devices Industry in Singapore

List of Charts

Chart Population of Singapore, 2009-2023

Chart GDP Per Capita in Singapore, 2014-2023

Chart Related Policies Issued by Singapore Government for Medical Devices Industry, 2019-2023

Chart Production of Medical Devices in Singapore, 2019-2023

Chart Medical Devices Domestic Consumption in Singapore, 2019-2023

Chart Import Volume of Medical Devices in Singapore, 2019-2023

Chart Import Value of Medical Devices in Singapore, 2019-2023

Chart Main Suppliers and their Import Values of Medical Devices Imports in Singapore, 2019-2023

Chart Export Volume of Medical Devices and Final Products in Singapore, 2019-2023

Chart Export Value of Medical Devices and Final Products in Singapore, 2019-2023

Chart Main Export Destinations and their Export Values for Medical Devices from Singapore, 2019-2023

Chart Production Forecast for the Singapore Medical Devices Industry, 2024-2033

Chart Domestic Market Size Forecast for the Singapore Medical Devices Industry, 2024-2033

Chart Import Forecast for the Singapore Medical Devices Industry, 2024-2033

Chart Export Forecast for the Singapore Medical Devices Industry, 2024-2033

The post Singapore Medical Devices Industry Research Report 2024-2033 first appeared on CRI Report.

Indonesia, located in Southeast Asia, is the world’s largest archipelago, spanning both Asia and Oceania, earning it the nickname “the country of a thousand islands.” With a population exceeding 280 million, it is the fourth most populous country in the world and boasts the largest consumer market in Southeast Asia. According to CRI, Indonesia’s economy has been growing steadily over the past decade, with a compound annual growth rate (CAGR) of 3.9% for per capita GDP from 2014 to 2023. In 2023, Indonesia’s per capita GDP reached US$4,914, up 2.7% year-on-year. The country’s actual GDP, calculated at constant 2010 market prices, was $1.41 trillion in 2023, a 5.05% increase from the previous year, although this growth rate was 0.3% lower than in 2022. Despite the slight slowdown, Indonesia’s GDP growth rate remains significantly higher than the global average of 2.6%.

The Indonesian medical devices market reached US$4.38 billion in 2023. According to CRI, this growth is primarily due to the expansion of both public and private hospitals and the implementation of Indonesia’s public health insurance system, BPJS-Kesehatan (Jaminan Kesehatan Nasional, or JKN), in 2014. As of July 2023, the system covered 258.2 million people, approximately 90.34% of Indonesia’s total population. These factors have increased demand for advanced medical equipment and supplies, driving the continuous growth of the Indonesian medical devices market.

Indonesia is heavily reliant on imports for its medical devices, with estimates suggesting that over 70% of medical devices are imported, and this figure was as high as 88% before 2022. To boost the local medical devices industry, Indonesia introduced localization content requirements in June 2021, prohibiting the import of 5,400 medical devices across 79 categories for public procurement systems unless they meet a 40% local content requirement. Despite government efforts to encourage local production and adjust import tariffs, Indonesia still relies heavily on imports for advanced medical equipment based on the analysis of CRI. Currently, Indonesia mainly produces and exports lower-value, less technologically advanced medical consumables such as surgical gloves and bandages.

Indonesia has been encouraging foreign investment in its medical devices sector. The government has stated that Indonesia will prioritize using domestically produced medical supplies and will not import medical equipment that can be produced locally, thereby encouraging foreign companies to establish manufacturing plants in Indonesia. Additionally, Presidential Regulation No. 10 of 2021 on Investment List, issued in February 2021, promotes foreign investment by allowing companies to have 100% foreign ownership of imported and regulatory-approved medical devices, giving foreign companies complete legal control over their subsidiaries in Indonesia.

With population growth, economic development, and the introduction of investment-friendly policies, CRI projects that the Indonesian medical devices market will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2033, reaching US$10.47 billion by 2033.

Topics covered:

• Overview of Indonesia’s Medical Devices Industry
• Economic Conditions and Policies for Indonesia’s Medical Devices Industry
• Impacts of COVID-19 on the Medical Devices Industry in Indonesia
• Market Size of Indonesia’s Medical Devices Industry (2024-2033)
• Analysis of Major Medical Devices Manufacturers in Indonesia
• Key Drivers and Market Opportunities in Indonesia’s Medical Devices Industry
• What are the Main Drivers, Challenges, and Opportunities for Indonesia’s Medical Devices Industry during the Forecast Period of 2024-2033?
• Key Players in the Medical Devices Industry in Indonesia and their Competitive Advantages
• What is the Expected Revenue for Indonesia’s Medical Devices Market during the Forecast Period of 2024-2033?
• What Strategies are Major Market Players Adopting to Increase Their Market Share in the Industry?
• Which Segment of the Indonesia Medical Devices Market is Expected to Dominate by 2033?
• What are the Main Adverse Factors Facing Indonesia’s Medical Devices Industry?

Table of Contents

1. Overview of Indonesia

1.1 Geography

1.2 Demographics of Indonesia

1.3 Economic of Indonesia

1.4. Minimum Wage in Indonesia, 2015-2024

1.5. Impact of COVID-19 on Indonesia’s Medical Devices Industry

2. Development Environment of the Medical Devices Industry in Indonesia

2.1. History of the Medical Devices Industry in Indonesia

2.2. Categories of Medical Devices in Indonesia

2.3. Policies for the Medical Devices Industry in Indonesia

3. Supply and Demand of the Medical Devices Industry in Indonesia

3.1. Supply of the Medical Devices Industry in Indonesia

3.1.1. Production Capacity

3.1.2. Production Volume

3.2. Demand of the Medical Devices Industry in Indonesia

3.2.1. Demand Volume

3.2.2. Market Size

4. Import and Export of the Medical Devices Industry in Indonesia

4.1. Import of the Medical Devices Industry in Indonesia

4.1.1. Import Volume and Value of Medical Devices in Indonesia

4.1.2. Main Suppliers of Medical Devices Imports in Indonesia

4.2. Export of the Medical Devices Industry in Indonesia

4.2.1. Export Volume and Value of Medical Devices in Indonesia

4.2.2. Main Destinations of Medical Devices Exports in Indonesia

5. Market Competition of Indonesia’s Medical Devices Industry

5.1. Barriers to Entry in Indonesia’s Medical Devices Industry

5.1.1. Brand Barriers

5.1.2. Quality Barriers

5.1.3. Capital Barriers

5.2. Competitive Structure of Indonesia’s Medical Devices Industry

5.2.1. Bargaining Power of Medical Devices Suppliers

5.2.2. Bargaining Power of Consumers

5.2.3. Competitive Landscape of Indonesia’s Medical Devices Industry

5.2.4. Potential Entrants in the Medical Devices Industry

5.2.5. Substitutes for Medical Devices Products

6. Analysis of Major Medical Devices Brands in Indonesia

6.1. Medtronic

6.1.1. History of Medtronic

6.1.2. Main Products of Medtronic

6.1.3. Operating Model of Medtronic

6.2. Becton Dickinson

6.2.1. History of Becton Dickinson

6.2.2. Main Products of Becton Dickinson

6.2.3. Operating Model of Becton Dickinson

6.3. Johnson & Johnson

6.3.1. History of Johnson & Johnson

6.3.2. Main Products of Johnson & Johnson

6.3.3. Operating Model of Johnson & Johnson

6.4. Siemens Healthineers

6.4.1. History of Siemens Healthineers

6.4.2. Main Products of Siemens Healthineers

6.4.3. Operating Model of Siemens Healthineers

6.5. Philips Healthcare

6.5.1. History of Philips Healthcare

6.5.2. Main Products of Philips Healthcare

6.5.3. Operating Model of Philips Healthcare

6.6. GE Healthcare

6.6.1. History of GE Healthcare

6.6.2. Main Products of GE Healthcare

6.6.3. Operating Model of GE Healthcare

6.7. Boston Scientific

6.7.1. History of Boston Scientific

6.7.2. Main Products of Boston Scientific

6.7.3. Operating Model of Boston Scientific

6.8. Danaher Corporation

6.8.1. History of Danaher Corporation

6.8.2. Main Products of Danaher Corporation

6.8.3. Operating Model of Danaher Corporation

6.9. Stryker

6.9.1. History of Stryker

6.9.2. Main Products of Stryker

6.9.3. Operating Model of Stryker

6.10. Mindray Indonesia

6.10.1. History of Mindray Indonesia

6.10.2. Main Products of Mindray Indonesia

6.10.3. Operating Model of Mindray Indonesia

7. Outlook for Indonesia’s Medical Devices Industry (2024-2033)

7.1. Development Factors of Indonesia’s Medical Devices Industry

7.1.1. Drivers and Opportunities of the Medical Devices Industry in Indonesia

7.1.2. Threats and Challenges facing the Medical Devices Industry in Indonesia

7.2. Market Supply Forecast for the Medical Devices Industry in Indonesia

7.3. Market Demand Forecast for the Medical Devices Industry in Indonesia

7.4. Import and Export Forecast for the Medical Devices Industry in Indonesia

List of Charts

Chart Population of Indonesia, 2009-2023

Chart GDP Per Capita in Indonesia, 2014-2023

Chart Related Policies Issued by Indonesia Government for Medical Devices Industry, 2019-2023

Chart Production of Medical Devices in Indonesia, 2019-2023

Chart Medical Devices Domestic Consumption in Indonesia, 2019-2023

Chart Import Volume of Medical Devices in Indonesia, 2019-2023

Chart Import Value of Medical Devices in Indonesia, 2019-2023

Chart Main Suppliers and their Import Values of Medical Devices Imports in Indonesia, 2019-2023

Chart Export Volume of Medical Devices and Final Products in Indonesia, 2019-2023

Chart Export Value of Medical Devices and Final Products in Indonesia, 2019-2023

Chart Main Export Destinations and their Export Values for Medical Devices from Indonesia, 2019-2023

Chart Production Forecast for the Indonesia Medical Devices Industry, 2024-2033

Chart Domestic Market Size Forecast for the Indonesia Medical Devices Industry, 2024-2033

Chart Import Forecast for the Indonesia Medical Devices Industry, 2024-2033

Chart Export Forecast for the Indonesia Medical Devices Industry, 2024-2033

The post Indonesia Medical Devices Industry Research Report 2024-2033 first appeared on CRI Report.

The Philippines is an archipelago country located in Southeast Asia with a land area of approximately 300,000 square kilometers. As of the end of 2023, its population was about 117 million, making it the second-largest consumer market in Southeast Asia, after Indonesia. Since 2000, the Philippines’ economy has been on a rapid upward trajectory. Over the past decade, the country’s Gross Domestic Product (GDP) grew from US$ 288.15 billion in 2014 to US$ 430.52 billion in 2023, with a compound annual growth rate (CAGR) of 4.6%.

Although the Philippines’ GDP growth rate of 5.6% in 2023 fell short of the government’s target of 6% to 7% and was lower than the 7.6% growth rate in 2022, it remains one of the fastest-growing economies in Southeast Asia.

Driven by the growth of the manufacturing sector and the booming e-commerce industry, the demand of the plastics industry in the Philippines has increased rapidly. According to CRI, plastics are widely used in the manufacturing sector in the Philippines, especially in the packaging and automotive industries. Injection molding systems are in high demand in these industries for producing items such as bottle caps, packaging materials, car dashboards, trays, etc. In addition, extrusion molding is an important production process used for manufacturing plastic parts such as drinking straws, pipes, curtain tracks, wall components, wall protection parts, and automotive parts.

The plastics industry in the Philippines is highly dependent on imports, with over US$ 2 billion worth of plastic raw materials and products imported annually. According to CRI, in 2023, the import value of plastic raw materials and products in the Philippines reached US$ 2.68 billion, accounting for 2.1% of the country’s total imports for the year.

Despite the driving factors, the plastics industry in the Philippines faces some market obstacles. Although the country’s economic growth is commendable, it is essentially still a developing country, and many regions remain at the poverty line, leading to widespread use of plastic bags. Filipinos use over 163 million small plastic bags, 480,000 shopping bags, and 450,000 thin film bags daily, with less than 9% being recycled.

Environmental organizations in the Philippines have long advocated for a ban on single-use plastic products, submitting hundreds of proposed laws and resolutions to Congress over the past decade to support this call. Finally, in 2022, the Philippine Congress passed the Extended Producer Responsibility (EPR) Act, requiring companies with assets exceeding 100 million Philippine pesos to develop a plan to recycle an equivalent amount of the plastic they produce, or face fines of at least 5 million Philippine pesos.

The market concentration of the plastics industry in the Philippines is high. According to CRI, the key players in the Philippine plastics market include JG Summit Petrochemicals Group, Chemrez Technologies, NPC Alliance Corporation, Dupont, Philippines Polypropylene Inc., SGS Philippines Inc., and Philippine Resins Industries Inc.

With the continuous growth of the Philippine economy and population, the market size of the plastics industry in the Philippines is expected to continue to grow, and the import value of plastic raw materials and products will also increase. According to CRI, the import value of plastic raw materials and products in the Philippines is expected to reach US$3.66 billion by 2033, with a compound annual growth rate (CAGR) of 3.5% from 2024 to 2033.

Topics covered:

• Overview of the Philippines’ Plastics Industry
• Economic Conditions and Policies for the Philippines’ Plastics Industry
• How Foreign Investment Enters the Philippines’ Plastics Market
• Market Size of the Philippines’ Plastics Industry (2024-2033)
• Analysis of Major Plastics Manufacturers in the Philippines
• Key Drives and Market Opportunities for the Plastics Industry in the Philippines
• What are the Major Drivers, Challenges, and Opportunities for the Plastics Industry in the Philippines during the Forecast Period 2024-2033?
• Who are the Main Players in the Philippines’ Plastics Market and What are their Competitive Advantages?
• What is the Expected Revenue of the Philippines’ Plastics Market during the Forecast Period 2024-2033?
• What Strategies have the Major Market Players Adopted to Increase their Market Share in the Industry?
• Which Segment of the Philippines’ Plastics Market is Expected to Dominate the Market by 2032?
• What are the Main Adverse Factors Facing the Philippines Plastics Industry?

Table of Contents

1. Overview of the Philippines

1.1 Geography

1.2 Demographics of the Philippines

1.3 Economic of the Philippines

1.4. Minimum Wage in the Philippines, 2015-2024

1.5. Impact of COVID-19 on the Philippines’ Plastics Industry

2. Development Environment of the Plastics Industry in the Philippines

2.1. History of the Plastics Industry in the Philippines

2.2. Categories of Plastics in the Philippines

2.3. Policies for the Plastics Industry in the Philippines

3. Supply and Demand of the Plastics Industry in the Philippines

3.1. Supply of the Plastics Industry in the Philippines

3.1.1. Production Capacity

3.1.2. Production Volume

3.2. Demand of the Plastics Industry in the Philippines

3.2.1. Demand Volume

3.2.2. Market Size

4. Import and Export of the Plastics Industry in the Philippines

4.1. Import of the Plastics Industry in the Philippines

4.1.1. Import Volume and Value of Plastics in the Philippines

4.1.2. Main Suppliers of Plastics Imports in the Philippines

4.2. Export of the Plastics Industry in the Philippines

4.2.1. Export Volume and Value of Plastics in the Philippines

4.2.2. Main Destinations of Plastics Exports in the Philippines

5. Market Competition of the Philippines’ Plastics Industry

5.1. Barriers to Entry in the Philippines’ Plastics Industry

5.1.1. Brand Barriers

5.1.2. Quality Barriers

5.1.3. Capital Barriers

5.2. Competitive Structure of the Philippines’ Plastics Industry

5.2.1. Bargaining Power of Plastics Suppliers

5.2.2. Bargaining Power of Consumers

5.2.3. Competitive Landscape of the Philippines’ Plastics Industry

5.2.4. Potential Entrants in the Plastics Industry

5.2.5. Substitutes for Plastics Products

6. Analysis of Major Plastics Brands in the Philippines

6.1. Chemrez Technologies Inc.

6.1.1. History of Chemrez Technologies Inc.

6.1.2. Main Products of Chemrez Technologies Inc.

6.1.3. Operating Model of Chemrez Technologies Inc.

6.2. Dupont

6.2.1. History of Dupont

6.2.2. Main Products of Dupont

6.2.3. Operating Model of Dupont

6.3. JG Summit Petrochemicals Group

6.3.1. History of JG Summit Petrochemicals Group

6.3.2. Main Products of JG Summit Petrochemicals Group

6.3.3. Operating Model of JG Summit Petrochemicals Group

6.4. LyondellBasell Industries Holdings BV

6.4.1. History of LyondellBasell Industries Holdings BV

6.4.2. Main Products of LyondellBasell Industries Holdings BV

6.4.3. Operating Model of LyondellBasell Industries Holdings BV

6.5. NPC Alliance Corporation (NPCA)

6.5.1. History of NPC Alliance Corporation (NPCA)

6.5.2. Main Products of NPC Alliance Corporation (NPCA)

6.5.3. Operating Model of NPC Alliance Corporation (NPCA)

6.6. Philippine Resins Industries Inc. (PRII)

6.6.1. History of Philippine Resins Industries Inc. (PRII)

6.6.2. Main Products of Philippine Resins Industries Inc. (PRII)

6.6.3. Operating Model of Philippine Resins Industries Inc. (PRII)

6.7. Nan Ya Plastics Corporation

6.7.1. History of Nan Ya Plastics Corporation

6.7.2. Main Products of Nan Ya Plastics Corporation

6.7.3. Operating Model of Nan Ya Plastics Corporation

6.8. Philippines Polypropylene Inc. (Petron Corporation)

6.8.1. History of Philippines Polypropylene Inc. (Petron Corporation)

6.8.2. Main Products of Philippines Polypropylene Inc. (Petron Corporation)

6.8.3. Operating Model of Philippines Polypropylene Inc. (Petron Corporation)

6.9. SGS Philippines Inc

6.9.1. History of SGS Philippines Inc

6.9.2. Main Products of SGS Philippines Inc

6.9.3. Operating Model of SGS Philippines Inc

6.10. Sumitomo Chemical Co. Ltd

6.10.1. History of Sumitomo Chemical Co. Ltd

6.10.2. Main Products of Sumitomo Chemical Co. Ltd

6.10.3. Operating Model of Sumitomo Chemical Co. Ltd

7. Outlook for the Philippines’ Plastics Industry (2024-2033)

7.1. Development Factors of the Philippines’ Plastics Industry

7.1.1. Drivers and Opportunities of the Plastics Industry in the Philippines

7.1.2. Threats and Challenges facing the Plastics Industry in the Philippines

7.2. Market Supply Forecast for the Plastics Industry in the Philippines

7.3. Market Demand Forecast for the Plastics Industry in the Philippines

7.4. Import and Export Forecast for the Plastics Industry in the Philippines

List of Charts

Chart Population of the Philippines, 2009-2023

Chart GDP Per Capita in the Philippines, 2014-2023

Chart Related Policies Issued by the Philippines Government for Plastics Raw Materials Industry, 2019-2023

Chart Production of Plastics Raw Materials in the Philippines, 2019-2023

Chart Plastics Raw Materials Domestic Consumption in the Philippines, 2019-2023

Chart Import Volume of Plastics Raw Materials in the Philippines, 2019-2023

Chart Import Value of Plastics Raw Materials in the Philippines, 2019-2023

Chart Main Suppliers and their Import Values of Plastics Raw Materials Imports in the Philippines, 2019-2023

Chart Export Volume of Plastics Raw Materials and Final Products in the Philippines, 2019-2023

Chart Export Value of Plastics Raw Materials and Final Products in the Philippines, 2019-2023

Chart Main Export Destinations and their Export Values for Plastics Raw Materials from the Philippines, 2019-2023

Chart Production Forecast for the Philippines Plastics Raw Materials, 2024-2033

Chart Domestic Market Size Forecast for the Philippines Plastics Raw Materials, 2024-2033

Chart Import Forecast for the Philippines Plastics Raw Materials, 2024-2033

Chart Export Forecast for the Philippines Plastics Raw Materials, 2024-2033

The post Philippines Plastic Industry Research Report 2024-2033 first appeared on CRI Report.