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Noida, Uttar Pradesh, India, 2010/09/06 - Fast urbanization and increasing affluence will drive municipal solid waste management market to grow at a CAGR of 11.1% during 2011-2014, says RNCOS.
According to our latest research offering, “Vietnam Solid Waste Market Analysis”, rapid economic growth coupled with fast urbanization in the last decade, in Vietnam has pushed solid waste management to the forefront of environmental challenges. With rapidly increasing per capita solid waste, the country is anticipated to post one of the fastest growth rates in solid waste management market in the South East Asian region during 2011-2014, with an estimated CAGR growth rate of 11.1%.
The research identified that the ratio of solid municipal waste generation in the country is polarized towards urban areas and the generation was highest in Ho Chi Minh, Hanoi, and Da Nang cities. Currently, the share of organic waste in urban areas is just over 50% whereas in rural areas it is nearly 65%. It is anticipated that with changing consumption patterns, share of non-degradable and hazardous solid waste will increase in coming years, especially in urban areas of the country, which will increase the waste collection and treatment costs.
Apart from municipal solid waste, industrial solid waste management is also taking shape of a fully fledged industry in the country. In the last ten years, country’s GDP almost tripled and industrialization pace was phenomenal. Sectors including, Food and beverages, Wearing apparel, Tanning and dressing of leather, Wood and products of wood, and Fabricated metal products are the back bone of the industrial sector and are the largest producer of industrial solid waste. During forecast period, these sectors are well poised to grow substantially, thereby providing huge opportunities for solid waste management players.
“Vietnam Solid Waste Market Analysis”, is an outcome of extensive research and thorough analysis on the burgeoning solid waste management industry in Vietnam. The report also discusses the market structure, current and past market performance, and factors critical to the success of the concerned industry in Vietnam. Additionally, the report lays a special emphasis on the solid waste management trends in all prominent vertical market segments including municipal, industrial, and rural. The evaluation provides sector wise industry developments and facilitates deep understanding on solid waste management market future prospects in these sectors enabling a balanced market understanding.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.