Electronic garbage, sometimes known as e-waste, refers to abandoned electrical or electronic equipment. End-of-life (EOL) electronics or waste electrical and electronic equipment (WEEE) are other terms for it. Used electronics that are going to be disposed of, or recycled through material recovery, repaired, reused, or resold are also categorized as e-waste. In underdeveloped nations, the informal processing of e-waste can result in negative consequences for human health and contamination of the environment. A global e-waste problem and hazard has resulted from the increased consumption of electronic goods brought about by the Digital Revolution and scientific and technological advancements.
Vietnam Electronic Waste Market Driving Factors and Challenges
It is anticipated that the consumer electronics and appliances segments will hold some of the largest shares in Vietnam's electronic waste market throughout the course of the projected decade. Home appliances are the main producers of e-waste. The factors pushing up the sale of electronic equipment are rising per capita income, population expansion, and technical advancements. These days, home appliances such as toasters, microwaves, refrigerators, lights, and dishwashers make up the majority of electrical equipment recovered in scrap. Microwaves, toasters, and dishwashers are examples of small appliances that end up as e-waste because people would rather buy new items than mend broken ones. As a result, this is helping Vietnam's market for electronic trash to grow. Because of its flame-retardant qualities, recycling plastic from e-waste is quite difficult.
Vietnam, like many other developing nations, is having trouble setting up and keeping up a functional infrastructure for managing e-waste. This covers facilities for disposal, recycling, and collecting. The lack of approved facilities may lead to the persistence of informal and frequently harmful procedures for recycling e-waste. Workers engaged in these operations may be exposed to health risks and environmental contamination as a result. The general public may not be fully aware of the risks associated with inappropriate e-waste disposal and the advantages of recycling. Promoting appropriate e-waste management among consumers, companies, and governmental organizations requires education and awareness campaigns.Inadequate enforcement of legislation may lead to inappropriate disposal methods and environmental degradation.
Impact of COVID-19 on Vietnam Electronic Waste Market
Global supply chains have been thrown off balance by COVID-19, which has an impact on how electronics are made and distributed. This interruption may have an effect on the quantity of electronic waste produced as well as the accessibility of electronic products. The types and amounts of electronic gadgets purchased may vary as a result of changes in consumer behavior brought on by the pandemic, such as an increase in online purchasing or an emphasis on necessities. For instance, there might be a rise in the market for gadgets used for online learning or remote work. Consumer buying patterns might be impacted by economic downturns. There may be a halt in the production of electronic waste if people have less money available for upgrades to their electronics.
Vietnam Electronic Waste Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as major key players are SGS Société Générale de Surveillance SA, ES Group, Vietnam Waste Solutions, Ecotrade Group Crown Records Management Vietnam, Dai Lam Son Co. Ltd., Vietnam Recycling, Industrial Waste Management and Recycling JSC. And various others.
Vietnam Electronic Waste Market Segmentation:
By Type: Based on the Types, Vietnam Electronic Waste Market is segmented as; Lighting Devices (LED), Consumer Electronics, Appliances, Computer and Telecommunications Appliances, Vending Machines, Others.
By Materials: Based on the materials, Vietnam Electronic Waste Market is segmented as; Glass Waste, Metal, Plastics, PU Foam, Wood Waste, Others.
By Region: This research also includes data for Central Vietnam, North Vietnam, South Vietnam.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report