Services
Surging Plastic Granule Demand Boosts Export Advantage
ICIS forecasts global plastic granule demand will increase by approximately 4.4% per year from 2023 to 2025. The majority of global plastic granule demand comes from the Chinese market, the Asia-Pacific region, and Europe. Future growth in plastic granule demand will depend largely on growth in the Chinese market and other developing Asian countries. China, the world’s largest plastic granule consumer, is the primary driver of the global plastic granule market. Developing countries in the Asia-Pacific region, including Vietnam, are likely to continue experiencing growth in plastic granule demand.
According to ICIS forecasts, global plastic granule demand is increasing. Photo: Shutterstock
|
In Vietnam, An Thanh Bicsol is a leading plastic granule supplier with products exported to 70 countries and territories. Headquartered in An Phat Complex Industrial Zone (Hai Duong) with representative offices in many countries, including the US, China, and Singapore, An Thanh Bicsol was established in 2017 as a core member of An Phat Holdings Group. The company has an extensive business network throughout the country, around 2,500 domestic and foreign customers and partners, and an average output of 35,000 tons per month.
Amid the growing global demand for plastic granules, An Thanh Bicsol is well-positioned for growth. The company supplies plastic granules, additives, chemicals, and raw materials for the plastics industry, providing its customers, plastic product manufacturers worldwide, with the most suitable and high-quality raw materials.
An Thanh Bicsol’s revenue is derived from various sources: 47% from PE plastic granules, 33% from PP plastic granules, 13% from PVC, 6% from PET, and a remaining 3% from PS and ABS.
Currently, An Thanh Bicsol exports primarily to Southeast Asia (37%). South Asia and the Middle East rank second with 32% of total production, followed by the EU (12%), North and South America (10%), Africa (5%), and China (3%).
Continuing the Growth Momentum
The company has experienced robust growth, with plastic granule sales rising from 2,000 tons per month in 2017 to 13,000 tons per month in 2020. This growth continued in the following years, with a 46% increase in 2021 and an 84.2% increase in 2023. An Thanh Bicsol aims to reach 100,000 tons per month by 2030, a 50-fold increase since its inception.
An Thanh Bicsol’s plastic granule sales have grown steadily in less than a decade. Photo: An Thanh Bicsol
|
With its experienced staff of nearly 200, An Thanh Bicsol strives to become a leading distributor of virgin plastic granules and raw materials in Vietnam and worldwide.
In 2023, the company achieved significant milestones despite facing challenges and obstacles, continuing to provide reliable plastic granules and winning over customers in demanding markets. This success stems from An Thanh Bicsol’s utilization of An Phat Holdings Group’s integrated supply chain, which includes global logistics, warehouses, and representative offices. The company continuously expands its customer base, markets, and product offerings.
An Thanh Bicsol belongs to An Phat Holdings, a group with 20 years of experience in plastic production and state-of-the-art manufacturing facilities. This advantage accelerates An Thanh Bicsol’s growth and reach. The company understands customer needs and preferences to deliver the most suitable products. With its Bicsol private label brands, global offices, and professional sales network, An Thanh Bicsol is expected to continue its growth trajectory.
