Vietnam Recycling Market Size & Share Analysis - Growth, Trends, And Forecasts (2025 - 2030)

Vietnam Recycling Market Report is Segmented by Material (Plastic, Metal, Paper and Cardboard, Glass, E-Waste, Others), by Recycling Process (Collection, Mechanical Recycling, Chemical Recycling, Biological Recycling), and by End Use Application (Packaging, Construction Material, Energy Recovery, Consumer Goods, Others). The Report Offers Market Size and Forecasts for the Vietnam Recycling Market in Value (USD) for all the Above Segments.

Vietnam Recycling Market Size & Share Analysis - Growth, Trends, And Forecasts (2025 - 2030)

Vietnam Recycling Market Size

Vietnam Recycling Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 2.66 Billion
Market Size (2030) USD 3.36 Billion
CAGR (2025 - 2030) 4.79 %
Market Concentration Low

Major Players

Vietnam Recycling Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vietnam Recycling Market with other markets in Professional and Commercial Services Industry

Commercial Services

Consumer and B2C Services

Professional Services

Vietnam Recycling Market Analysis

The Vietnam Recycling Market size is estimated at USD 2.66 billion in 2025, and is expected to reach USD 3.36 billion by 2030, at a CAGR of 4.79% during the forecast period (2025-2030).

While the private sector plays an active role in waste management in Vietnam, there is still untapped potential, primarily due to gaps in equipment and technology. Approximately 17 million tons of solid waste remain underutilized, signaling a missed opportunity for the next cycle.

Municipal solid waste (MSW) accounted for 49.5% of Vietnam's total solid waste generation in 2022. Rapid urbanization is driving this growth, which is projected to continue at a rate of 13% annually until 2025.

Vietnam produced 26.1 million tons of MSW in 2022, placing it third in the Southeast Asian region. Yet, with only 15% of solid waste being recycled or reused, there's a significant opportunity for new investors in the market.

Vietnam's rising waste discharge, juxtaposed with its relatively low expenditure on waste treatment, underscores the urgent need for investments in waste management infrastructure. As highlighted by the World Bank in March 2023, Vietnam's expenditure on domestic waste treatment stands at a mere 0.23% of its GDP, trailing the global average of 0.5%.

Given the surge in waste generation, urban and industrial provinces in Vietnam are struggling with their existing waste treatment facilities. However, the country's recycling industry is set for substantial growth, bolstered by recent regulatory advancements like the EPR regulations, initiatives for source waste sorting, and strong commitments from major brand owners.

The Vietnamese government has set ambitious targets for waste-to-energy (WtE) initiatives, aiming for a capacity of 1,212 MW by 2030. They envision treating 80% of generated waste with WtE technology, with aspirations for 100% treatment and an end to landfilling. The WtE segment is poised for significant growth, attracting both local and foreign investors, including notable players like Geleximco, AMACCAO Group, and JFE Engineering Corp., marking a decisive move towards sustainable waste management solutions.

In conclusion, Vietnam's Recycling sector presents a landscape ripe with opportunities. The combination of rapid urbanization, regulatory support, and increasing private sector involvement sets the stage for significant advancements. Addressing the current gaps in technology and infrastructure will be crucial for Vietnam to fully harness its waste management potential, paving the way for a more sustainable future.

Vietnam Recycling Industry Overview

The Vietnam recycling market is moderately competitive, with growth potential driven by policy support and increasing environmental awareness. Key players who adapt to sustainability trends and technological innovations are well-positioned for success. The market is characterized by a rising emphasis on sustainability and technological advancements. Government initiatives promoting recycling and the adoption of recycled materials are also influencing the competitive environment. Companies are leveraging these opportunities to improve their product offerings, enhance operational efficiencies, and expand their market share. Players include DUYTAN Recycling Corporation, VietCycle Corporation, A Chau Environment Co. Ltd, Vietnam Waste Solutions Limited Company, and GreenHub Vietnam.

Vietnam Recycling Market Leaders

  1. DUYTAN Recycling Corporation

  2. VietCycle Corporation

  3. A Chau Environment Co. Ltd

  4. Vietnam Waste Solutions Limited Company

  5. GreenHub Vietnam

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam Recycling Market Concentration
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Vietnam Recycling Market News

  • December 2024: Recover, a materials science company based in Spain, has inaugurated a new facility in Vietnam. This move is a strategic step in its global rollout of textile recycling technology. Set to commence operations in early 2025, the facility is strategically situated in Dong Nai province, near Vietnam's key textile waste sorting and manufacturing centers.
  • February 2024: SOREMA, a recycling systems division of Previero N. SRL, announced that its post-consumer PET bottle washing and recycling plant at Commercial Plastics Co. (CPC) in Yangon, Myanmar, has met its quality and quantity benchmarks. This achievement paves the way for a second plant in Viet Nam. The machines, constructed with premium components, feature a prewash module designed for label removal and thorough surface cleaning. This advanced technology not only enhances bottle sorting but also minimizes wear and tear across the entire line. Notably, it doesn't compromise the delabeler's lifespan, with its first maintenance scheduled only after several months.

Vietnam Recycling Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 The Rising Promise of Waste-to-Energy Innovations
  • 4.3 Market Restraints
    • 4.3.1 Limited availability of modern recycling facilities and technology
  • 4.4 Market Opportunities
    • 4.4.1 Investments in advanced technologies such as pyrolysis for plastics and AI-based waste sorting systems
  • 4.5 Value Chain / Supply Chain Analysis
  • 4.6 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Impact of Geopolitics and Pandemic on the Market

5. MARKET SEGMENTATION

  • 5.1 By Material
    • 5.1.1 Plastic
    • 5.1.2 Metal
    • 5.1.3 Paper and Cardboard
    • 5.1.4 Glass
    • 5.1.5 E-Waste
    • 5.1.6 Others
  • 5.2 By Recycling Process
    • 5.2.1 Collection
    • 5.2.2 Mechanical Recycling
    • 5.2.3 Chemical Recycling
    • 5.2.4 Biological Recycling
  • 5.3 By End Use Application
    • 5.3.1 Packaging
    • 5.3.2 Construction Material
    • 5.3.3 Energy Recovery
    • 5.3.4 Consumer Goods
    • 5.3.5 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 DUYTAN Recycling Corporation
    • 6.2.2 VietCycle Corporation
    • 6.2.3 Urenco (Hanoi Urban Environment Company)
    • 6.2.4 GreenHub Vietnam
    • 6.2.5 Dong Tien Paper Mill
    • 6.2.6 Vietnam Australia Environment JSC
    • 6.2.7 Vietnam Clean Environmental Treatment Co. Ltd
    • 6.2.8 A Chau Environment Co. Ltd
    • 6.2.9 Vietnam Waste Solutions Limited Company
    • 6.2.10 Viet Xanh*
  • *List Not Exhaustive
  • 6.3 Other Companies

7. FUTURE OF THE MARKET

8. APPENDIX

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Vietnam Recycling Industry Segmentation

The recycling market encompasses the industry dedicated to the collection, processing, and transformation of waste materials into new, reusable products. This market is pivotal in mitigating environmental pollution, conserving natural resources, and championing sustainable development. It addresses diverse waste streams, such as plastics, metals, paper, glass, e-waste, and organic waste. By doing so, it bolsters a circular economy, ensuring materials are reused and remain in circulation for extended periods.

A comprehensive background analysis of the Vietnam Recycling market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. The Impact of Geopolitics and Pandemic on the Market has also been incorporated and considered during the study.

Vietnam recycling market is segmented by material (plastic, metal, paper and cardboard, glass, e-waste, others), by recycling process (collection, mechanical recycling, chemical recycling, biological recycling), and by end use application (packaging, construction material, energy recovery, consumer goods, others). The report offers market size and forecasts for the Vietnam recycling market in value (USD) for all the above segments.

By Material Plastic
Metal
Paper and Cardboard
Glass
E-Waste
Others
By Recycling Process Collection
Mechanical Recycling
Chemical Recycling
Biological Recycling
By End Use Application Packaging
Construction Material
Energy Recovery
Consumer Goods
Others
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Vietnam Recycling Market Research FAQs

How big is the Vietnam Recycling Market?

The Vietnam Recycling Market size is expected to reach USD 2.66 billion in 2025 and grow at a CAGR of 4.79% to reach USD 3.36 billion by 2030.

What is the current Vietnam Recycling Market size?

In 2025, the Vietnam Recycling Market size is expected to reach USD 2.66 billion.

Who are the key players in Vietnam Recycling Market?

DUYTAN Recycling Corporation, VietCycle Corporation, A Chau Environment Co. Ltd, Vietnam Waste Solutions Limited Company and GreenHub Vietnam are the major companies operating in the Vietnam Recycling Market.

What years does this Vietnam Recycling Market cover, and what was the market size in 2024?

In 2024, the Vietnam Recycling Market size was estimated at USD 2.53 billion. The report covers the Vietnam Recycling Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Recycling Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam Recycling Industry Report

Statistics for the 2025 Vietnam Recycling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Recycling analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.