Dumpster Market Size, Share, Growth, and Industry Growth, By Type (Steel and Plastic Dumpsters), By Application (Residential, Commercial, Industrial, and Municipal Waste), Regional Forecast to 2027

Updated On: 13 March 2023

REPORT OVERVIEW

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The global dumpster market size was valued at USD 994.34 million in 2021 and the market is projected to touch USD 1401.94 million by 2027, with a growing compound annual growth rate (CAGR) of 5.89% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with dumpsters experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

A particular kind of transportable waste container called a dumpster is made to be delivered and removed by a specialized collecting vehicle. The primary function of a trash can be to keep trash until a garbage truck can empty it and dispose of it. It can be used to recycle or handle all types of garbage. The dumpster facilitates rubbish disposal at the job site. The rental bins are very practical, provide a convenient location to consolidate junk disposals, and prevent property damage which are the main factors driving this rise.

An object that stores waste, commonly referred to as a garbage can. Plastic and metal make up the great bulk of items. Because trash cans are robust and able to support heavy loads, it is safe and practical to store, dispose of, and transport garbage. The garbage bin is covered to prevent pests and insects and lessen smells. Leaks and odors are managed with the help of specialized can liners. Wastes, which can be liquid or solid, can be hygienically collected using trash cans. Trash cans are made for indoor and outdoor use with varying degrees of strength to fit the environment. The large garbage cans have wheels, rollers, and specialized lids to make them easier to move about.

COVID-19 Impact: Disruption of the Supply Chain Impeded Market Growth

The COVID-19 epidemic has hampered the global supply chains for every product. Lockdowns worldwide, travel bans, airline suspensions, restrictions on labor mobility, and, most importantly, a deceleration in the economy all contributed to the pandemic's impact on society and the economy. This slowdown significantly negatively impacted the supply chain sustainability in the global waste disposal industry. Due to COVID-19, the market encountered several additional problems, such as labor shortages, safety, awareness, crisis management, technological innovation and response, digitization, reshaping business models, and other unintentional consequences that have hampered the dumpster market growth.

LATEST TRENDS

"Constant Rising Amounts of Waste to Drive Market Trends"

Every nation produces more waste than it can handle. To stop the spread of disease and pollution, governments worldwide are searching for waste management solutions. Nations established the Swachh Bharat Mission, such as India, to speed up efforts to provide universal water and sanitation access and concentrate attention on sanitation. On the other hand, the European Union has put in place rules that will aid in recycling waste materials into clean, renewable energy and help improve the climate in the member countries of the European Union. The efforts of various countries are focused on enhancing garbage disposal procedures, which is increasing the need for waste disposal items, including trash cans and trash bags.

Segmentation

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• By Type Analysis

By type, the market is segmented into steel and plastic dumpsters.

• By Application Analysis

Based on application, the market is classified into residential, commercial, industrial, and municipal waste.

DRIVING FACTORS

"Government's Initiatives to Keep the Surrounding Clean to Present Lucrative Growth "

The need for outdoor trash cans is sparked by government efforts to keep the country and its cities clean. Additionally, many nations have laws requiring residents to tidy their neighborhoods, and breaking them can result in fines and other sanctions. Increased demand for outdoor trash cans at various commercial locations, including offices, malls, and industries, to dispose of bulk waste and maintain a clean environment, and rising demand for the garbage bins at residents, public places, schools, and hospitals to prevent the spread of infection or diseases because of to waste material, is projected to boost the dumpster market growth.

"Rising Demand for Effective Waste Management to Propel Growth"

One of the significant factors driving the product sales is the rising demand for effective and smart waste management. Manufacturers now offer smart dumpsters for commercial and household markets owing to technological improvement. This is anticipated to develop significantly during the projection period as knowledge of the convenience offered by smart garbage cans grows. Manufacturers are concentrating on touchless trash cans that are convenient and prevent the spread of germs.

RESTRAINING FACTORS

"High Cost of Large-Sized Dumpsters to Hinder Market Growth"

The higher cost of large-sized garbage bins is estimated to hold back market growth. Its high cost is also anticipated to hinder emerging countries from adopting it. Disposable bins are also estimated to hamper the market's growth. 

REGIONAL INSIGHTS

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"North America to Dominate the Market Due to the Growing Approach to Maintaining Hygiene"

North America is likely to hold a dominating part of the dumpster market share going by the rising approach to hygiene maintenance in the population’s surroundings. Additionally, the population is maintaining hygiene by averting the cross-contamination of germs. Using this product eases the transportation of trash. 

Europe holds a significant share due to the government's efforts to keep their surroundings by disposing of garbage in trash cans and transporting it to the dump yard.

KEY INDUSTRY PLAYERS

"Key Players Focusing on Innovative Technology Development to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Wastequip (U.S.)
• Cedar (U.S.)
• Manser Welding (Canada)
• GMS Steel Fabrications (U.K.)
• Rhino Containers (U.S.)
• Environmental Metal Works (Canada)
• Al Melideo (U.S.)
• E-Pak (U.S.)
• Iron Container (U.S.)
• Thompson Fabricating (U.S.)
• Doncaster Steel Fabrications (U.K.)
• Skip Units (U.K.)
• Mountain View Waste Systems (U.S.)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2021 through 2027, the market is objectively assessed to determine its financial viability. The report's data was compiled using various primary and secondary sources.