Noida, India (PressExposure) August 02, 2011 -- According to our latest research report, "Vietnam Solid Waste Market Analysis", the country's rapid economic growth coupled with industrialization boom during the past few years has pushed solid waste management at the forefront of environmental challenges. The government has acknowledged the seriousness of the issue and is striving hard to make municipal solid waste management much more efficient. Vietnam has become one of the fastest growing and untapped solid waste management markets in the Asia-Pacific region. Earlier, industrial developments and modernization resulted in dramatic increase in per capita waste disposal and solid waste management market grew substantially.
As per our findings, the increasing pace of industrialization in Vietnam is generating immense solid industrial waste. 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. In addition, the country is setting up more industrial parks and economic zones with the help of foreign investments. With rapid industrialization, it is anticipated that Vietnam Industrial Solid Waste Management Market will continue to post phenomenal growth in the coming years and will grow at a CAGR of around 19% during 2011-2015.
Apart from this, municipal waste is also growing in the country with rapid urbanization, especially in the major cities like Ho Chi Minh, Hanoi, Dong Nai. Besides this, 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. However, the government has taken some notable initiatives to upgrade solid waste management infrastructure, still the market is wide open for private investments and contains unmatched growth opportunities.
Our report, "Vietnam Solid Waste Market Analysis", provides extensive research and objective analysis of solid waste management market potentials in Vietnam. It provides historical, current, and future trends of solid waste generation along with potential market for all three prominent sectors - Municipal, Industrial and Rural sectors. In addition, thorough analysis of emerging industry trends and drivers has been covered to provide a balanced research outlook of concerned market.
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