PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779669
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779669
Vietnam Waste Management Market, By Waste Type; By Treatment Method; By End User, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
Vietnam Waste Management Market Size Set to Reach USD 3.16 Billion by 2031
Vietnam Waste Management Market is booming primarily due to urbanization, industrial growth, environmental regulations, public awareness, and government sustainability initiatives.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Waste Management Market size by value at USD 2.05 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Waste Management Market size to boom at a significant CAGR of 6.4% reaching a value of USD 3.16 billion by 2031. The Waste Management Market in Vietnam is driven by several key factors. Rapid urbanization and industrialization have led to increased waste generation, necessitating efficient waste management solutions. The Vietnamese government has implemented policies like the National Strategy on Integrated Solid Waste Management to promote sustainable practices, including recycling and waste-to-energy initiatives. Technological advancements, such as smart waste monitoring systems and automated sorting technologies, are enhancing operational efficiency. Public awareness about environmental sustainability is growing, leading to higher demand for eco-friendly waste management services. Additionally, increased foreign investment and public-private partnerships are supporting the development of advanced waste management infrastructure.
Opportunity - Advancements in Waste-to-Energy (WtE) Technologies
Vietnam Waste Management Market is projected to witness significant growth, propelled by the adoption of advancements in waste-to-energy (WtE) technologies. Rapid urbanization has led to increased waste generation, with over 70% of waste traditionally ending up in landfills. To address this, the Vietnamese government has implemented supportive policies, including competitive feed-in tariffs, to encourage WtE initiatives. Notable projects like Hanoi's Soc Son plant, processing up to 5,000 tons of waste daily and generating 90 MW of electricity, exemplify this shift. These WtE developments mitigate environmental concerns and also contribute to energy security, positioning Vietnam WtE Market for continued expansion.
Collection & Transportation Segment Leads the Market
The collection & transportation segment holds the largest share of Vietnam Waste Management Market, due to rapid urbanization, increased municipal solid waste generation, and expanding residential and industrial areas that require systematic waste collection services. Government initiatives and investments in infrastructure have further strengthened this segment. Additionally, the need for timely and efficient waste removal to prevent environmental pollution and public health risks has propelled the demand for advanced logistics and transportation solutions. As Vietnam continues to modernize its waste handling systems, the collection & transportation segment remains the foundational pillar of the country's waste management strategy.
Impact of Escalating Geopolitical Tensions on Vietnam Waste Management Market
Escalating geopolitical tensions are impacting the growth of Vietnam Waste Management Market by disrupting international trade and investment flows essential for technological and financial support. These tensions can lead to increased costs for importing advanced waste-to-energy (WtE) technologies and create uncertainties for foreign investors wary of unstable markets. Strained relations with major trading partners might hinder collaborations and knowledge transfer, crucial for market growth. Additionally, such volatility can divert government focus and resources away from environmental initiatives, delaying policy implementation and infrastructure development necessary for expanding the WtE sector, ultimately affecting the country's ability to address its growing waste management needs effectively.
Competitive Landscape
Vietnam Waste Management Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are Biffa Plc, Clean Harbors Inc., Covanta Holding Corporation, Daiseki Co., Hitachi Zosen Corporation, Veolia Environment, Waste Management Inc., Republic Services Inc., Suez Environment, Stericycle Inc., and Remondis AG & Co. KG. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Waste Management Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Waste Management Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Waste Management Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Waste Management Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Urbanization and Industrial Expansion
- 3.2.1.2. Government Initiatives and Regulatory Support
- 3.2.1.3. Increasing Awareness of Environmental Sustainability
- 3.2.2. Restraints
- 3.2.2.1. High Costs of Waste Treatment and Recycling Infrastructure
- 3.2.2.2. Inefficient Waste Collection and Disposal Systems
- 3.2.2.3. Limited Public Participation in Waste Segregation
- 3.2.3. Opportunities
- 3.2.3.1. Advancements in Waste-to-Energy Technologies
- 3.2.3.2. Expansion of Circular Economy and Recycling Initiatives
- 3.2.4. Challenges
- 3.2.4.1. Managing Hazardous and Electronic Waste Disposal
- 3.2.4.2. Addressing Illegal Dumping and Waste Mismanagement
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Vietnam Waste Management Market Strategies
5. Vietnam Waste Management Market: Pricing Analysis
6. Vietnam Waste Management Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Waste Type
- 6.2.1.1. Municipal Solid Waste
- 6.2.1.2. Industrial Waste
- 6.2.1.3. Hazardous Waste
- 6.2.1.4. E-Waste
- 6.2.1.5. Biomedical Waste
- 6.2.2. By Treatment Method
- 6.2.2.1. Collection & Transportation
- 6.2.2.2. Recycling & Recovery
- 6.2.2.3. Incineration
- 6.2.2.4. Landfilling
- 6.2.2.5. Composting
- 6.2.3. By End User
- 6.2.3.1. Residential
- 6.2.3.2. Commercial
- 6.2.3.3. Industrial
- 6.2.3.4. Healthcare
- 6.2.3.5. Construction
- 6.2.1. By Waste Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. Vietnam Waste Management Market Share Analysis, 2024
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Vietnam Waste Management Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Biffa Plc
- 9.2. Clean Harbors Inc.
- 9.3. Covanta Holding Corporation
- 9.4. Daiseki Co.
- 9.5. Hitachi Zosen Corporation
- 9.6. Veolia Environment
- 9.7. Waste Management Inc.
- 9.8. Republic Services Inc.
- 9.9. Suez Environment
- 9.10. Stericycle Inc.
- 9.11. Remondis AG & Co. KG
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 Vietnam Waste Management Market Segmentation
- Figure 2 Vietnam Waste Management Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 Vietnam Waste Management Market Size, By Value (USD Billion), 2019-2031
- Figure 5 Vietnam Waste Management Market Share, By Waste Type, By Value, 2019-2031
- Figure 6 Vietnam Waste Management Market Share, By Treatment Method, By Value, 2019-2031
- Figure 7 Vietnam Waste Management Market Share, By End User, By Value, 2019-2031
List of Tables
- Table 1 Vietnam Waste Management Market Size, By Value (USD Billion), 2019-2031
- Table 2 Vietnam Waste Management Market Size, By Waste Type, By Value, 2019-2031
- Table 3 Vietnam Waste Management Market Size, By Treatment Method, By Value, 2019-2031
- Table 4 Vietnam Waste Management Market Size, By End User, By Value, 2019-2031
- Table 5 Biffa Plc Company Overview
- Table 6 Biffa Plc Financial Overview
- Table 7 Clean Harbors Inc. Company Overview
- Table 8 Clean Harbors Inc. Financial Overview
- Table 9 Covanta Holding Corporation Company Overview
- Table 10 Covanta Holding Corporation Financial Overview
- Table 11 Daiseki Co. Company Overview
- Table 12 Daiseki Co. Financial Overview
- Table 13 Hitachi Zosen Corporation Company Overview
- Table 14 Hitachi Zosen Corporation Financial Overview
- Table 15 Veolia Environment Company Overview
- Table 16 Veolia Environment Financial Overview
- Table 17 Waste Management Inc. Company Overview
- Table 18 Waste Management Inc. Financial Overview
- Table 19 Republic Services Inc. Company Overview
- Table 20 Republic Services Inc. Financial Overview
- Table 21 Suez Environment Company Overview
- Table 22 Suez Environment Financial Overview
- Table 23 Stericycle Inc. Company Overview
- Table 24 Stericycle Inc. Financial Overview
- Table 25 Remondis AG & Co. KG Company Overview
- Table 26 Remondis AG & Co. KG Financial Overview
