Industrial Solid Waste Management Market To Show Maximum Growth In Vietnam
The industrial solid waste management potential market is anticipated to register around 19% CAGR growth during 2011-2014, says RNCOS.
- (1888PressRelease) December 18, 2010 - According to our new research report "Vietnam Solid Waste Market Analysis", Vietnam is currently one of the fastest growing and untapped solid waste management markets in the Asia-Pacific region. Increasing pace of industrialization in Vietnam is generating immense solid industrial waste. Industrial solid waste management market is small in Vietnam but its growth has been the highest among solid waste management segments. During 2011-2014, the industrial solid waste management potential market is forecasted to register around 19% CAGR growth, which is almost identical to its past growth trend.
The industrial solid waste includes hazardous waste from the processing activities of manufacturing units and other factories; clinical wastes from hospitals and clinics; sewage and sludge from municipal sewer systems; construction, and demolition waste. Our research report has analyzed the industrial waste segment of Vietnam solid waste market along with the future outlook of the industrial solid waste generation and industrial solid waste management market. We have also analyzed the municipal waste and rural waste segments of the industry.
Our regional analysis showed that Ho Chi Minh, Hanoi, Dong Nai areas are the most investment prone as they produce majority of the country's total solid waste. The technological renovation in Vietnam is at a much slower pace than in neighboring countries and thus, country needs investments worth billions of dollar to make its solid waste management system more efficient and cost effective. However, the government has taken some notable initiatives to upgrade solid waste management infrastructure, the market is wide open for private investments and contains huge growth opportunities.
We have found that the government has approved the waste management strategy outlining specific plans to 2025. The plan states that any organization or individual releasing waste that causes pollution must pay for damages. By 2025, the government aims for development of solid waste recycling plant in all cities for households to dispose and treat their waste. Our study has examined the regulatory environment, emerging market trends, solid waste collection and treatment, national solid waste management program, and environment protection industry performance.
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About RNCOS:
RNCOS 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.
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