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The Vietnam waste management market reached approximately USD 6.42 billion in 2023. The market is projected to grow at a CAGR of 6.6% between 2024 and 2032, reaching a value of around USD 11.41 billion by 2032.
Vietnam Waste Management Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 6.42 |
Market Size 2032 | USD Billion | 11.41 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 6.6% |
CAGR 2024-2032 - Market by Region | Southeast | 7.1% |
CAGR 2024-2032 - Market by Region | South Central Coast | 6.4% |
CAGR 2024-2032 - Market by Waste Type | E-waste | 7.8% |
CAGR 2024-2032 - Market by Disposal Method | Recycling | 7.5% |
Market Share by Region | Red River Delta | 22.1% |
The urban hubs of Hanoi and Ho Chi Minh City generate between 7,000 to 9,000 tons of waste. With projections indicating a potential increase of 10-16 per cent by 2025, the demand for effective waste management solutions is expected to soar in the forecast period.
Vietnam ranks among the top ten countries globally in terms of plastic pollution, generating over 8,000 tons of plastic waste daily (WWF Viet Nam, 2021). The country faces a significant challenge with the consumption of single-use plastics, leading to approximately 75% of solid waste, including plastics, being mismanaged or improperly disposed of. Only a mere 30% of plastic waste is recycled, exacerbating the issue as plastics make up 80% of marine waste in Vietnam. To combat this pressing issue, the Vietnamese Government formulated a national action plan targeting marine plastic debris until 2030. In support of this initiative, UNDP has also assisted in developing and executing an integrated waste and plastic management (IWPM) program in the country.
Moreover, intelligent waste bins are a notable trend in the market. Waste bins equipped with sensors can oversee waste levels and improve collection routes, leading to reduced operational expenses and emissions. Furthermore, the utilisation of big data and analytics to oversee and control waste streams enhances efficiency and decision-making, consequently driving the market expansion.
“Vietnam Waste Management Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
CAGR 2024-2032 - Market by | Waste Type |
E-waste | 7.8% |
Medical Waste | 7.1% |
Municipal Waste | XX% |
Industrial Waste | XX% |
Others | XX% |
Market Breakup by Waste Type
CAGR 2024-2032 - Market by | Disposal Method |
Recycling | 7.5% |
Incineration | 6.8% |
Landfill | XX% |
Market Breakup by Disposal Method
Market Breakup by Service Type
CAGR 2024-2032 - Market by | Region |
Southeast | 7.1% |
South Central Coast | 6.4% |
Red River Delta | XX% |
Mekong River Delta | XX% |
Others | XX% |
Market Breakup by Region
Based on waste type, the market is segmented into e-waste, medical waste, industrial waste, municipal waste and among others. E-waste is projected to grow at a CAGR of 7.8% during the forecast period of 2024-2032. The amount of e-waste produced rises along with the world's dependence on electronic gadgets, presenting serious risks to human health and the environment. To lower these effects and encourage sustainable habits, e-waste management must be done effectively.
Market Share by | Region |
Red River Delta | 22.1% |
Southeast | XX% |
Mekong River Delta | XX% |
South Central Coast | XX% |
Others | XX% |
Major players are investing heavily in technological advancements in waste management solutions to gain a competitive edge.
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:
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Breakup by Waste Type |
|
Breakup by Disposal Method |
|
Breakup by Service Type |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
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Companies Covered |
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Vietnam Waste Management Market Size
Vietnam Waste Management Market Growth
Vietnam Waste Management Market Share
Vietnam Waste Management Companies
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Waste Management Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Waste Management Historical Market (2018-2023)
8.3 Asia Pacific Waste Management Market Forecast (2024-2032)
9 Vietnam Waste Management Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Waste Management Historical Market (2018-2023)
9.3 Vietnam Waste Management Market Forecast (2024-2032)
10 Vietnam Waste Management Market by Waste Type
10.1 Municipal Waste
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Medical Waste
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Industrial Waste
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 E-waste
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Vietnam Waste Management Market by Disposal Method
11.1 Landfill
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Incineration
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Recycling
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Vietnam Waste Management Market by Service Type
12.1 Collection
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Transportation
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Disposal
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Vietnam Waste Management Market by Region
13.1 Southeast
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Red River Delta
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Mekong River Delta
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Central Coast
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Tata Consumer Products Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 SGS SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ho Chi Minh City Urban Environment Company Limited (CITENCO)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Green Environment Production and Trade Services Co., LTD.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Vietnam Water and Environmental Sanitation Company Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Tan Phat Tai Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Dai Lam Son Company Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 RecyGlo Company Pte. Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Viet Green Environmental Production Trading Service Company Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Hoa Binh High-Tech Environment Joint Stock Company
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Waste Management Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Waste Management Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Waste Management Historical Market: Breakup by Waste Type (USD Billion), 2018-2023
4. Vietnam Waste Management Market Forecast: Breakup by Waste Type (USD Billion), 2024-2032
5. Vietnam Waste Management Historical Market: Breakup by Disposal Method (USD Billion), 2018-2023
6. Vietnam Waste Management Market Forecast: Breakup by Disposal Method (USD Billion), 2024-2032
7. Vietnam Waste Management Historical Market: Breakup by Service Type (USD Billion), 2018-2023
8. Vietnam Waste Management Market Forecast: Breakup by Service Type (USD Billion), 2024-2032
9. Vietnam Waste Management Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Vietnam Waste Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Vietnam Waste Management Market Structure
In 2023, the market reached an approximate value of USD 6.42 billion.
The market is estimated to grow at a CAGR of 6.6% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 11.41 billion by 2032.
The market is being driven by the rapid urbanisation and excess plastic waste generated in the country.
The key trends aiding the waste management market in Vietnam include the incorporation of smart bins in public places and active government initiatives to manage waste.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different waste management service types considered in the market report include collection, transportation, and disposal.
The major players in the market are Tata Consumer Products Limited, SGS SA, Ho Chi Minh City Urban Environment Company Limited (CITENCO), Green Environment Production and Trade Services Co., LTD., Vietnam Water and Environmental Sanitation Company Limited, Tan Phat Tai Co., Ltd., Dai Lam Son Company Limited, RecyGlo Company Pte. Ltd., Viet Green Environmental Production Trading Service Company Limited, and Hoa Binh High-Tech Environment Joint Stock Company, among others.
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