Vietnam Electronic Waste Market Size, Trends, Analysis: By Types: Lighting Devices (LED), Consumer Electronics, Appliances, Computer and Telecommunications Appliances, Vending Machines, Others; By Materials: Glass Waste, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Vietnam Electronic Waste Market Outlook

The Vietnam electronic waste market size is expected to grow at a CAGR of 3.20% during the forecast period of 2024-2032, owing to the fast development and sales of electronic devices.

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Key Trends in the Market

Outdated electronics and electrical equipment are referred to as ‘e-waste’, or electronic waste. Used electronics that can be recycled through material recovery, resale, refurbishment, reuse, or disposal are referred to as e-waste. E-waste is a rapidly growing source of garbage in both developed and developing countries. Due to the poisonous compounds that naturally leach from the metals when buried, e-waste can be especially harmful.

• Consumer electronics, including electrical and electronic devices, with shorter lifecycles are generating a lot of e-waste, which is rapidly rising every year. The increasing trend of upgrading to the newest technology is the primary factor driving the Vietnam electronic waste market expansion. Millions of tonnes of e-waste are created annually in various nations due to the push to adopt new, technologically-advanced equipment.

• The demand for numerous electronic items, such as mobile phones, has increased due to the economies of scale as the costs of electronic devices fall, encouraging their purchase, and subsequently increasing the amount of e-waste generated.

• The Vietnam electronic waste market is expected to see revenue growth as a result of rapidly increasing product innovations, particularly in home electronics and appliances including the transition from analogue to digital technologies, monitors, and flat-screen televisions.

• The growth in the number of electronic devices that need continued maintenance or become quickly outdated is causing an increase in e-waste generation. Replacing electrical appliances is often less expensive overall than having them repaired. Due to this, people now want to buy more electronics, which is boosting the e-waste market development.

Vietnam Electronic Waste Market Analysis

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Based on type, the market is segmented into lighting devices (LED), consumer electronics, appliances, computer and telecommunications appliances, and vending machines, among others. The market is divided on the basis of materials into glass waste, wood waste, plastics, PU foam, and metal, among others. The major regional markets for electronic waste in Vietnam can be divided into North Vietnam, South Vietnam, and Central Vietnam.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Vietnam electronic waste market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• SGS Société Générale de Surveillance SA

• TES Group

• Vietnam Waste Solutions

• Ecotrade Group

• Crown Records Management Vietnam

• Dai Lam Son Co., Ltd

• Green Environment Production and Trade Services Co., LTD

• Others

Market Share by Type

The consumer electronics and appliances segments is anticipated to hold one of the largest shares in the electronic waste market in Vietnam over the forecast period. Home appliances are the main sources of e-waste. An increase in per capita income, technological advancements, and an increase in population are the factors influencing an increase in the sale of electronic equipment. 

Nowadays, home appliances like refrigerators, lamps, microwave ovens, toasters, and dishwashers make up the majority of electrical items found in scrap. Due to consumers' propensity to buy new items rather than repairing them, small appliances like toasters, dishwashers, and microwaves become e-waste. As a result, this is contributing to the growth of Vietnam electronic waste market.

The computer and telecommunications appliances section will likely hold the second-largest share of the electronic waste market in Vietnam. Computer and laptop sales have exploded all across the world, including in Vietnam. The IT industry revolution and expanding sale and replacement of communication equipment in the country have also significantly contributed to generation of electronic waste.

Market Share by Material

The metal segment is anticipated to hold a substantial share of the Vietnam electronic waste market during the forecast period. Antimony, cadmium, arsenic, nickel, beryllium, indium, chromium, cobalt, lead, mercury, and thallium are a few of the hazardous metals utilised in electronics. 

The plastic section is also expected to hold a significant share of the market share. Compared to recycled materials like milk jugs or soda bottles, plastics used in electronics have a different composition. The plastic used to make phone cases is often a complicated polymer combination, which makes recycling difficult. Flame retardant properties and other technological developments, among others, make it very difficult to recycle plastic from e-waste. As a result, Vietnam's electronic waste is growing.

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Competitive Landscape

SGS Société Générale de Surveillance SA is the world's top provider of inspection, verification, testing, and certification services. The business provides services for examining the weight and condition of traded commodities during shipments and testing the goods against pertinent regulatory, health, and safety criteria. Its 96,000 employees manage a network of 2,700 offices and laboratories.

TES Group is a world-renowned expert in the design and construction of crucial power distribution, automation, and control systems for a variety of industries, including data centres, life sciences, renewable energy, and mining. TES Group is based in Northern Ireland. From initial project conceptualisation all the way through to design, construction, installation, and maintenance, TES offers clients comprehensive services.

Vietnam Waste Solutions is a completely owned subsidiary of California Waste Solutions (CWS), with its headquarters in California in the United States. The company was founded in 2007 to offer garbage treatment services to Vietnam, and it takes pride in being the top waste treatment provider in the country. It offers ownership, development, technical consulting, design and construction, waste disposal, and operation of treatment plants among its services.

Other market players include Ecotrade Group, Crown Records Management Vietnam, Dai Lam Son Co., Ltd, and Green Environment Production and Trade Services Co., LTD, among others.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.