Vietnam Waste Management Market Size (2024 - 2029)

The Vietnam Waste Management Market is experiencing growth driven by the country's efforts to enhance its solid waste management practices amidst challenges such as rapid industrialization and urbanization. The market's expansion is influenced by the need to address the increasing output of hazardous solid waste and the shortcomings in landfill management. Despite these efforts, the market faces constraints due to inadequate technology for waste treatment, which does not meet sanitary requirements and poses potential risks. The focus on improving waste management is a top priority for the Vietnamese government, reflecting the importance of this sector in the country's development.

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Market Size of Vietnam Waste Management Industry

Vietnam Waste Management Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 6.98 Billion
Market Size (2029) USD 9.73 Billion
CAGR (2024 - 2029) 6.84 %
Market Concentration Low

Major Players

Vietnam Waste Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Waste Management in Vietnam Market Analysis

The Vietnam Waste Management Market size is estimated at USD 6.98 billion in 2024, and is expected to reach USD 9.73 billion by 2029, growing at a CAGR of 6.84% during the forecast period (2024-2029).

  • Vietnam's waste management still needs to be improved for and the country is making continuous efforts to manage solid waste innovatively and creatively. In 2018, the annual Vietnamese waste production comprised more than 27.8 million tons, consisting of 46% from municipal sources and the remainder delivered from agriculture and industry. 
  • The five biggest cities - Hanoi, Ho Chi Minh City (HCM City, former Saigon), Haiphong, Da Nang, and Can Tho - are responsible for about 70% of the total waste generation. The municipal solid waste contains 60% to 70% of biodegradable residues by wet weight.
  • The COVID-19 pandemic negatively impacted the waste management market in Vietnam. It is driving the plastic products market for prevention, testing, and treatment worldwide. Safely disposing of huge mountains of plastic waste is a major problem faced by many countries.
  • Some of the major drivers in the market include Vietnam's rapid industrialization and urbanization, which has increased the output of Vietnam's hazardous solid waste, which needs to be effectively managed. Also, shortcomings that are associated with the leachate from improperly constructed and managed landfills and solid waste management is one of the top government priorities in Vietnam.
  • One of the restraints in the market is the Technology currently implemented for solid waste treatment; it fails to meet the general sanitary requirements and might cause harm to humans.

Waste Management in Vietnam Industry Segmentation

The Waste management (or waste disposal) market includes the activities and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment and disposal of waste, together with monitoring and regulation of the waste management process.

The Vietnam waste management report offers a complete background analysis of the Vietnamese Waste management market, which includes an assessment of the economy and the contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, covered in the report. The report also covers the impact of COVID-19 on the market.

The report is segmented by waste type (Industrial waste, Municipal solid waste, Hazardous waste, E-waste, Plastic waste, Bio-medical waste), by Disposal methods (Landfills, Incineration, Recycling). For each segment, the market sizing and forecasts have been done on the basis of volume (tons) and value (USD).

By Waste type
Industrial waste
Municipal solid waste
Hazardous waste
E-waste
Plastic waste
Bio-medical waste
By Disposal methods
Landfill
Incineration
Recycling
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Vietnam Waste Management Market Size Summary

The waste management market in Vietnam is poised for significant growth, driven by rapid industrialization and urbanization. The country faces substantial challenges in managing the increasing volumes of waste generated, particularly in urban areas like Hanoi and Ho Chi Minh City, which contribute significantly to the national waste output. Despite the government's efforts to improve waste management practices, issues such as inadequate technology for waste treatment and the environmental impact of landfills remain pressing concerns. The market is characterized by a competitive landscape, with both domestic and international players vying for opportunities in waste management solutions. Vietnam's commitment to collaborating with ASEAN and international partners further underscores its strategic focus on enhancing waste management capabilities.

The market's expansion is supported by investments in innovative waste management technologies and practices, aimed at addressing the environmental challenges posed by industrial and urban growth. The Vietnamese government prioritizes solid waste management, recognizing its critical role in sustainable development. However, the effectiveness of current waste treatment methods is limited, with a significant portion of waste still directed to landfills that do not meet sanitary standards. As the country continues to experience economic growth, the demand for efficient waste management solutions is expected to rise, presenting opportunities for both local and foreign companies to contribute to Vietnam's environmental sustainability goals.

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Vietnam Waste Management Market Size - Table of Contents

  1. 1. MARKET INSIGHTS and DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

        1. 1.2.1.1 Adoption of advanced waste treatment technologies and practies

      2. 1.2.2 Restraints

        1. 1.2.2.1 Lack of proper waste management infrastructure

      3. 1.2.3 Opportunities

        1. 1.2.3.1 Integrations of advanced technologies

    3. 1.3 Government Policies And Initiatives In Waste Management

    4. 1.4 Value Chain/ Supply Chain Analysis

    5. 1.5 Technological Advancements

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

    7. 1.7 Insights on the Logisitcs support and development in the waste management industry in Vietnam

    8. 1.8 Insights on the strategies of the rising startups venturing into the Vietnamese waste management industry

    9. 1.9 Impact of COVID-19 on the Waste Management Market in Vietnam

  2. 2. MARKET SEGMENTATION (Market Size by Value and Volume)

    1. 2.1 By Waste type

      1. 2.1.1 Industrial waste

      2. 2.1.2 Municipal solid waste

      3. 2.1.3 Hazardous waste

      4. 2.1.4 E-waste

      5. 2.1.5 Plastic waste

      6. 2.1.6 Bio-medical waste

    2. 2.2 By Disposal methods

      1. 2.2.1 Landfill

      2. 2.2.2 Incineration

      3. 2.2.3 Recycling

Vietnam Waste Management Market Size FAQs

The Vietnam Waste Management Market size is expected to reach USD 6.98 billion in 2024 and grow at a CAGR of 6.84% to reach USD 9.73 billion by 2029.

In 2024, the Vietnam Waste Management Market size is expected to reach USD 6.98 billion.

Waste Management Market in Vietnam Report Snapshots

Waste Management Market in Vietnam Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)