3. Opportunities and challenges from the international market
Vietnam is benefiting from free trade agreements (FTAs) such as EVFTA, CPTPP, RCEP, which help reduce export tariffs on plastic packaging to demanding packaging market such as the EU and Japan. However, along with opportunities come great challenges. International markets, especially demanding markets such as Europe and North America, have very strict requirements on product quality and environmental standards.
To overcome these challenges, businesses need to invest in modern technology and closed production processes to ensure product quality meets international standards and minimize environmental impacts. Some businesses have successfully penetrated these demanding markets by meeting strict quality requirements and complying with legal regulations.
One of the biggest challenges for the plastic packaging industry is how to minimize plastic waste and promote recycling. Increasing the use of recycled plastics not only helps reduce production costs but also helps businesses meet the requirements of sustainable development from international markets.
4. Innovation in the plastic packaging industry
Plastic packaging still holds an important position thanks to its outstanding characteristics such as light weight, durability and low cost. However, to minimize negative impacts on the environment, the plastic packaging industry is facing strong requirements for innovation.
Innovation is a key factor helping plastic packaging businesses maintain their position and develop sustainably in the market. The development of new technologies such as 3D printing, nanotechnology and the use of bioplastics is opening up new opportunities for the plastic packaging industry.
3D printing technology allows the production of plastic packaging products with high precision and minimizes the amount of wasted materials. This not only helps businesses save on production costs but also helps minimize environmental impact.
Using bioplastics, recycled plastics and environmentally friendly materials is a new trend in the plastic packaging industry. These materials not only help reduce plastic waste but also help businesses comply with environmental protection regulations.
In addition, businesses also need to invest in research and development to find new solutions to improve production efficiency, improve product quality and meet the increasing needs of consumers. Innovation is not only a necessary factor to maintain the development of the plastic packaging industry but also the key to helping businesses create a difference in the market.
5. Vietnamese businesses master the market thanks to a methodical business strategy
Recognizing the market potential and benefits brought by free trade agreements (FTAs), Hanpak JSC has boldly invested in modern technology and machinery to produce high-quality PP packaging from recycled plastic.
Hanpak is a familiar name in the plastic packaging segment in Vietnam. It is a business with more than 17 years of experience and brand positioning with high-quality and environmentally friendly PP packaging products and shopping bags.
The plastic packaging industry in 2024 is facing many opportunities and challenges. The development of the global market, the trend of sustainable production, opportunities from the international market and the need for innovation are all important factors affecting the development of the industry.
To take advantage of these opportunities and overcome challenges, plastic packaging businesses need to constantly innovate, improve product quality and comply with environmental standards. This will be the decisive factor to help the plastic packaging industry not only survive but also thrive in the future.
For more information about Hanpak’s plastic bag products, please contact us:
Email: info@hanpak.com.vn
Hotline (Mobile/WhatsApp): +84 898 545 893
Our experienced sales team is ready to assist you. Contact us today to place your order and experience the quality and reliability that Hanpak offers