In 2023, Thailand recorded its highest waste volume at 26.95 million tons, reflecting growing consumer demand and post-pandemic economic recovery. Although 72% of total waste is properly managed or recycled, only 21% of hazardous waste such as electronic items, batteries, and light bulbs is handled correctly. This presents a growing opportunity for businesses involved in waste management and recycling to contribute to Thailand’s green economy.
According to the Office of Small and Medium Enterprise Promotion and SME D Bank, the country has over 21,000 waste management and recycling operators. More than 83% are individuals, often micro-enterprises such as scrap dealers and small-scale recyclers with limited resources. Key provinces with high concentrations of these businesses include Bangkok, Chonburi, Samut Prakan, Pathum Thani, and Samut Sakhon, which together account for 55% of the sector.
Of the registered entities, small enterprises, numbering about 2,077, are the fastest-growing group, followed by micro-enterprises at 1,051. Larger companies, with advanced technology and higher investment capacity, number just 109 but are expected to play a greater role if supported by government or private initiatives.
In 2024, 522 new SMEs entered the sector, with over 60% focused on wholesale scrap sales. Still, challenges persist. Household waste sorting remains limited, infrastructure is underdeveloped, and legal enforcement is weak. Most operators lack access to modern technology or formal standards. However, tech startups are beginning to add value by connecting buyers and sellers of recyclable materials, showing the industry’s growing potential despite market price fluctuations and structural issues.
(Source: The Nation)
