Vietnam Waste Management Market Size (2024 - 2029)

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).