PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2010/10/19 - Fast urbanization along with increasing hazardous waste disposal will trigger solid waste management market to register double-digit CAGR growth during 2010-2014, says RNCOS.
According to our latest 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. In previous years, industrial developments and modernization resulted in dramatic increase in per capita waste disposal and solid waste management market grew substantially. The report further revealed that the solid waste management market will grow at a CAGR of 11% during 2010-2014, on the back of dynamic shifts in consumerism and economic activities.
The research acknowledged that among the sectors, industrial solid waste is growing at the fastest rate in the country. Sectors including, Food and Beverages, Apparels, Tanning and Dressing of leather, Wood and products of wood, and Fabricated metal products are the backbone of Vietnam’s industrial sector and together represents 65% of all industrial employment and 57% of all industrial firms in the country. It is anticipated that the industrial solid waste management market will continue to post phenomenal growth in the coming years and will attract many new market entrants in the sector.
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, 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.
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.