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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Electronic Waste Market Outlook

The Vietnam electronic waste market size is expected to grow at a CAGR of 3.20% during the forecast period of 2024-2032, owing to the fast development and sales of electronic devices.

vietnam electronic waste market

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Key Trends in the Market

Outdated electronics and electrical equipment are referred to as ‘e-waste’, or electronic waste. Used electronics that can be recycled through material recovery, resale, refurbishment, reuse, or disposal are referred to as e-waste. E-waste is a rapidly growing source of garbage in both developed and developing countries. Due to the poisonous compounds that naturally leach from the metals when buried, e-waste can be especially harmful.

  • Consumer electronics, including electrical and electronic devices, with shorter lifecycles are generating a lot of e-waste, which is rapidly rising every year. The increasing trend of upgrading to the newest technology is the primary factor driving the Vietnam electronic waste market expansion. Millions of tonnes of e-waste are created annually in various nations due to the push to adopt new, technologically-advanced equipment.
  • The demand for numerous electronic items, such as mobile phones, has increased due to the economies of scale as the costs of electronic devices fall, encouraging their purchase, and subsequently increasing the amount of e-waste generated.
  • The Vietnam electronic waste market is expected to see revenue growth as a result of rapidly increasing product innovations, particularly in home electronics and appliances including the transition from analogue to digital technologies, monitors, and flat-screen televisions.
  • The growth in the number of electronic devices that need continued maintenance or become quickly outdated is causing an increase in e-waste generation. Replacing electrical appliances is often less expensive overall than having them repaired. Due to this, people now want to buy more electronics, which is boosting the e-waste market development.

Vietnam Electronic Waste Market Analysis

vietnam electronic waste market by segments

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Based on type, the market is segmented into lighting devices (LED), consumer electronics, appliances, computer and telecommunications appliances, and vending machines, among others. The market is divided on the basis of materials into glass waste, wood waste, plastics, PU foam, and metal, among others. The major regional markets for electronic waste in Vietnam can be divided into North Vietnam, South Vietnam, and Central Vietnam.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Vietnam electronic waste market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

  • SGS Société Générale de Surveillance SA
  • TES Group
  • Vietnam Waste Solutions
  • Ecotrade Group
  • Crown Records Management Vietnam
  • Dai Lam Son Co., Ltd
  • Green Environment Production and Trade Services Co., LTD
  • Others

Market Share by Type

The consumer electronics and appliances segments is anticipated to hold one of the largest shares in the electronic waste market in Vietnam over the forecast period. Home appliances are the main sources of e-waste. An increase in per capita income, technological advancements, and an increase in population are the factors influencing an increase in the sale of electronic equipment. 

Nowadays, home appliances like refrigerators, lamps, microwave ovens, toasters, and dishwashers make up the majority of electrical items found in scrap. Due to consumers' propensity to buy new items rather than repairing them, small appliances like toasters, dishwashers, and microwaves become e-waste. As a result, this is contributing to the growth of Vietnam electronic waste market.

The computer and telecommunications appliances section will likely hold the second-largest share of the electronic waste market in Vietnam. Computer and laptop sales have exploded all across the world, including in Vietnam. The IT industry revolution and expanding sale and replacement of communication equipment in the country have also significantly contributed to generation of electronic waste.

Market Share by Material

The metal segment is anticipated to hold a substantial share of the Vietnam electronic waste market during the forecast period. Antimony, cadmium, arsenic, nickel, beryllium, indium, chromium, cobalt, lead, mercury, and thallium are a few of the hazardous metals utilised in electronics. 

The plastic section is also expected to hold a significant share of the market share. Compared to recycled materials like milk jugs or soda bottles, plastics used in electronics have a different composition. The plastic used to make phone cases is often a complicated polymer combination, which makes recycling difficult. Flame retardant properties and other technological developments, among others, make it very difficult to recycle plastic from e-waste. As a result, Vietnam's electronic waste is growing.

vietnam electronic waste market by region

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Competitive Landscape

SGS Société Générale de Surveillance SA is the world's top provider of inspection, verification, testing, and certification services. The business provides services for examining the weight and condition of traded commodities during shipments and testing the goods against pertinent regulatory, health, and safety criteria. Its 96,000 employees manage a network of 2,700 offices and laboratories.

TES Group is a world-renowned expert in the design and construction of crucial power distribution, automation, and control systems for a variety of industries, including data centres, life sciences, renewable energy, and mining. TES Group is based in Northern Ireland. From initial project conceptualisation all the way through to design, construction, installation, and maintenance, TES offers clients comprehensive services.

Vietnam Waste Solutions is a completely owned subsidiary of California Waste Solutions (CWS), with its headquarters in California in the United States. The company was founded in 2007 to offer garbage treatment services to Vietnam, and it takes pride in being the top waste treatment provider in the country. It offers ownership, development, technical consulting, design and construction, waste disposal, and operation of treatment plants among its services.

Other market players include Ecotrade Group, Crown Records Management Vietnam, Dai Lam Son Co., Ltd, and Green Environment Production and Trade Services Co., LTD, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Types
  • Materials
  • Region
Breakup by Types
  • Lighting Devices (LED)
  • Consumer Electronics
  • Appliances
  • Computer and Telecommunications Appliances
  • Vending Machines
  • Others
Breakup by Materials
  • Glass Waste
  • Wood Waste
  • Plastics
  • PU Foam
  • Metal
  • Others
Breakup by Region
  • North Vietnam
  • South Vietnam
  • Central Vietnam
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • SGS Société Générale de Surveillance SA
  • TES Group
  • Vietnam Waste Solutions
  • Ecotrade Group
  • Crown Records Management Vietnam
  • Dai Lam Son Co., Ltd
  • Green Environment Production and Trade Services Co., LTD
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 3.20% between 2024 and 2032.

The major drivers of the market include the shorter lifecycles of electronics, increasing demand for electronics due to the increased economies of scale, and increase in per capita income.

The increasing need to upgrade to the newest technology, ownership of multiple electronic devices, and advancements in electronic device capabilities are the key industry trends propelling the growth of the market.

The various types of electronic waste are lighting devices (LED), consumer electronics, appliances, computer and telecommunications appliances, and vending machines, among others.

The major players in the Vietnam electronic waste market are SGS Société Générale de Surveillance SA, TES Group, Vietnam Waste Solutions, Ecotrade Group, Crown Records Management Vietnam, Dai Lam Son Co., Ltd, and Green Environment Production and Trade Services Co., LTD, among others.

When e-waste is heated, hazardous substances are emitted into the atmosphere. Dumping of electronic waste into landfills can result in potentially dangerous compounds seeping into the soil and groundwater, harming both land and marine life.

The various materials that form electronic waste are glass waste, wood waste, plastics, PU foam, and metal, among others.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124