Vietnam Municipal Waste Management Market Expecting a Boom Time Ahead
According to our recent research offering Vietnam Solid Waste Market Analysis, rapid economic growth coupled with fast urbanization during the last decade in Vietnam has pushed municipal solid waste management at the forefront of environmental challenges. The country needs to develop its solid waste management infrastructure in an efficient way to continue its industrial growth to remain intact in coming years. The government has acknowledged the seriousness of the issue and is striving hard to make municipal solid waste management much more efficient. Highlighting the market attractiveness, the report further revealed that, the market will grow at a CAGR of 11.2% during the next 3 years, which will act as a catalyst for huge private sector participation in the country.
The study identified that, during the forecast period (2011-2014), the country is anticipated to post one of the fastest growths rates in solid waste generation in the South East Asian region. Rising affluence in urban areas along with increasing population, which is expected to reach 100 Million during the next 25 years, will prove decisive for dynamic market expansion and call for additional market players to manage the overflowing market demand.
Besides, the waste collection and treatment costs are expected to continuously grow as the share of non-degradable solid wastes, like plastic, glass etc. will increase in future, which will further demand increasing investments for treatment. The government has approved the waste management strategy outlining specific plans to 2025, which will further relax the investment climate in the sector and encourage public-private co-operation in the country.
Our report Vietnam Solid Waste Market Analysis has been authored to evaluate the current and future market potentials of Vietnams solid waste management market. It provides historical, current, and future trends of solid waste generation along with potential market for all the three prominent sectors - Municipal, Industrial, and Rural sectors. Additionally, thorough analysis of emerging industry trends and drivers has been covered to provide a balanced research outlook of the concerned market.
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