Hanoi Plas Print Pack 2019 sees surge in participating businesses

Up to 180 businesses from 10 countries and territories are showcasing their products in 400 pavilions at the Hanoi Plas Print Pack 2019 exhibition, marking an increase of 50% in the number of participating companies from the previous edition as more foreign investment is running into Vietnam.

The tenth biennial event, which was kicked off at the International Centre of Exhibition (I.C.E) on April 24 and will run until April 27, is expected to welcome more than 8,000 visitors seeking partners for plastic, print and packaging productions and services.

The exhibitions display the most advanced production lines in the sector. The event also showcases raw material and high-quality plastic materials, recycled plastic materials, multi-layer plastic film blowing machines, and bag manufacture machines with multi-applications or industrial ink jet printer, among others.

According to Mordor Intelligence Research magazine, Vietnam’s plastic market is expected to record a compound annual growth rate (CAGR) of about 6.63% in the period of 2018-2023, in which injection molding tech takes upper hand rates. The technology is applied in household appliances, consumer electronics, automotive control panels, among others.

Vietnam has been considered a potential market for many giants namely Foxconn, Samsung and other big automobile investors pouring millions to build factories in the country.

During the exhibition, a seminar on Vietnam’s plastics and packaging industry will be held to discuss industrial development in the context of Fourth Industrial Revolution and future Free Trade Agreements (FTA), as well as help participants have a better understanding of the domestic plastics market.