The world generates approximately 2.01 Bn tonnes of municipal solid waste every year. With rising smart cities across the globe, waste management services have also gained noteworthy implications in city planning.
The present operating standards have proven to be highly inefficient and resource-intensive, mainly because of the use of manual and outdated waste collection techniques, in addition to logistical procedures that lack operative data-driven collection solutions and waste management.
Policymakers, governments, and the waste management sector are focusing on developing and adopting smart, IoT-based solutions and techniques to address these unyielding challenges.
The majority of homeowners don’t prefer to spend more time than is required with the garbage, this generates a huge opportunity for trash can manufacturers to offer modern and technologically advanced trash cans making throwing out the trash, a much bearable activity.
Market players are offering trash cans in various sizes, shapes,and designs influencing consumers and directly boosting sales of trash cans.
Trash cans often end up being an eyesore in one’s home, which is why choosing a more contemporary and modern design helps transform any kitchen into a trendy room.
Manufacturers are also taking note of functional aspects of these modern trash cans such as proper opening mechanism, size as well as style.
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Trash Can Market – Key Trends & Developments
Escalating demand for smart and efficient waste management is one of the notable trends stimulating the sales of the trash cans. Technological advancement has led manufacturers to offer smart trash cans from the residential as well as commercial sectors.
This is projected to rise notably during the forecast period due to an increase in awareness concerning the convenience offered by smart trash cans. Manufacturers are focusing on touchless trash bins providing convenience and averting cross-contamination of germs.
For instance, Modernhome’s Premium Automatic Brushed Stainless Steel Trash Can features an excellent fingerprint-resistant exterior finish with a matching base and appealing black lid for enhanced stability.
It can be operated utilizing C batteries, in addition, to plugging into several standard wall outlets and conserving battery use. Additionally, increased use of the Internet of Things (IoT) and wireless connecting devices are complementing market growth.
Rising awareness concerning the need for waste disposal and its relation with the environment’s safety remains a key contributor to the growth of smart trash cans. This is anticipated to help market players and distributors of smart trash cans to enhance their sales and attain a sturdier position in the trash can market.
Trash Can Market – Growth Restraints
Slow and low implementation of smart solutions in emerging countries is anticipated to limit sales of trash cans. With technological advancement, market players are offering technologies and tools that can convert any trash can into a smart trash bin might restrict the development of the market.
COVID-19 Impact on Trash Can Market
COVID-19 pandemic has put a lot of pressure on trash can manufacturers due to an acute shortage of laborers as well as consumers strictly following the lockdown orders amid the crisis. This along with supply chain disruption is compelling market players to rethink their business strategies.
Several small companies didn’t have a plan in place, however, the companies are quickly learning and responding to the guidance from the CDC, SBA, OSHA, and Homeland Security to acclimate to the crisis.
Trash Can Market – Region-wise Analysis
Based on region, North America is anticipated to dominate the global market due to the increasing approach for maintaining hygiene in surroundings by averting cross-contamination of germs in addition to ease of operation offered in the region.
The presence of leading market players in the region such as Simplehuman and iTouchless Housewares & Products, Inc. are complementing market growth.
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Trash Can Market – Competitive Analysis
With the rising need for efficient waste management all over nations, major market players are emphasizing allocating their investments towards developing smart and innovative trash bins to provide convenient and effective waste management solutions.
The players are investing aggressively in research & development activities to develop innovative products and distinguish themselves from their peers to stay ahead of the competition. For instance,
Wastequip, a leading North American producer of waste handling equipment, entered into a definitive agreement with Consolidated Fabricators Corporation (ConFab), a West Coast waste container producer. The acquisition will offer the companies to gain nationwide product coverage to boost their market presence.
Brabantia launched Bo Touch Bins with an extremely functional touch-top mechanism and two removable inner buckets, creating a dual compartment setup.
Joseph launched the Totem trash/recycle combo bin which has two streamlined posts that hold 16 gallons of trash as well as a recycling compartment.
Some of the major trash can market players include Simplehuman, Rubbermaid, iTouchless Housewares & Products, Inc., Sterilite, Hako, Richell, and Nine Stars Group (USA) Inc.
Global Trash Can Market: Key Players (this is an indicative list – full list of key players available upon request)
- Toter (Wastequip, LLC.)
- Hefty (Reynolds Consumer Products LLC)
- Carlisle FoodService Products
Regions and Countries Analyzed in the Report
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
- The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
- The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments.
- The report also maps the qualitative impact of various market factors on market segments and geographies.
- Urban Construction
- Shopping Mall
- Office Building and Factory