Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Waste Management Market Growth

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 Snapshots

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.*

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Key Questions Answered in the Report

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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