Trash Cans & Wastebaskets Market Size, Share, Growth, and Industry Growth by Type (Metal, Plastic, and Others) By Application (Home, Restaurant, Urban Construction, shopping mall, Office Building and factory, and Others), Regional Insights, and Forecast To 2031

Updated On: 13 November 2023

Trash Cans & Wastebaskets Market REPORT OVERVIEW

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The global trash cans & wastebaskets market size was USD 71.9 Million in 2021 and market is projected to touch USD 125.5 Million by 2031, at a CAGR of 5.73% during the forecast period.

A trash can, sometimes known as a garbage can, is a storage container for rubbish. The great bulk is made of metal and plastic. Trash cans provide for the safe and efficient transportation, storage, and disposal of waste due to their durability and capability for big loads. The trash bin is covered to keep out vermin and insects and to minimize odor. Specialized container liners can help to control leaks and odors. Trash cans make it possible to collect solid or liquid garbage in a hygienic way. To take into account the environment, garbage can design for both indoor and outdoor use various strengths.

COVID-19 Impact: Development in Healthcare Sector to Fuel Market Growth

The COVID-19 pandemic has had a significant impact on the expansion of the trash cans & wastebaskets market. Growing awareness of the importance of preserving cleanliness and hygiene in one's surroundings has increased demand for smart trash cans, particularly in the residential and healthcare sectors. These developments are causing regular changes in consumer buying habits, which will probably have a positive long-term effect on the industry.

LATEST TRENDS

"Waste Management Solutions to Improve Market Growth "

In the modern world, each year there is an increase in the volume of waste each nation produces. To stop the spread of disease and pollution, governments around the world are searching for waste management solutions. The Swachh Bharat Mission was established by nations like India to speed up efforts to provide universal access to water and sanitation and to concentrate attention on sanitation. The focus of efforts in various nations is on streamlining waste disposal procedures, which is increasing demand for waste disposal products including trash cans, trash bags, and others. Sales of garbage cans are being driven by rising demand from the government and the global populace, which is promoting the trash cans & wastebaskets market growth.

Trash Cans & Wastebaskets Market SEGMENTATION

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• By Type

Based on type, the market is divided into Metal, Plastic, and Others.

• By Application

Based on the application, the market is divided into Home, Restaurant, Urban Construction, shopping mall, Office Building and factory, and Others.

DRIVING FACTORS

"Technological Development to Improve Market Growth"

The time and labor demands of the old methods of waste management make them ineffective today. In order to track and control trash, many firms are now seeking for creative solutions. This favorable market environment will help the industry under study develop. Due to these trends and the potential market opportunities in this area, a number of technology companies have begun to create cutting-edge products like sensors, RFID tags, and analytical platforms to assist the waste management industry's stakeholders in efficiently collecting, processing, and disposing of waste.

"Increasing Demand for Biodegradable Bags to Boost Market Progress"

In order to improve the quality of life in urban areas, smart waste management is a crucial component in the development of smart cities. The expansion of the smart waste management is supported by the expanding acceptance of smart city programs across regions.

With the rise in environmental concerns, consumer awareness of environmentally friendly items is rising. So, it is anticipated that the demand for oxo-biodegradable bags will be propelled by consumer preference for eco-friendly, healthy substitutes to conventional synthetic goods. Oxo-biodegradable bags are in greater demand all over the world as a result of ongoing expansion in the food, beverage, and pharmaceutical industries.

RESTRAINING FACTORS

"Public’s Resistance to Old Habits to Impede Market Expansion"

The public's resistance to using smart bins is one of the key barriers preventing the market for automated garbage collection systems from developing. In addition, a lot of people struggle to quit their old routines of manually collecting garbage. The main factor preventing the market for automated waste collection systems from growing is this. Therefore, it is crucial to spread the word about how eco-friendly smart bins are.

Trash Cans & Wastebaskets Market REGIONAL INSIGHTS

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"Utilization of New Technologies to Drive Growth in North America"

Given that a larger percentage of its population lives in cities, the North American region is anticipated to account for a sizeable portion of the global trash cans & wastebaskets market share. The primary factors influencing the market's growth are elevated consumer and organizational awareness as well as growing utilization of new technologies. The proliferation of technology firms that give services to manufacturers of smart trash cans is another factor boosting the business in the area.

Europe is expected to have a sizable market share. Automated waste collection systems will become more popular around the world as a result of their adoption and use in Europe. Major European cities like London, Barcelona, Stockholm, and Copenhagen have already installed automatic waste collecting products. The main drivers of industry expansion are government backing and awareness of rubbish accumulation.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Carlisle FoodService Products (U.S.)
• CHOPLA, Simplehuma (U.S.)
• Hako (Germany)
• Hefty (Reynolds Consumer Products LLC) (U.S.)
• XINNUO (Germany)
• Witt Industries (U.S.)
• SHINKIGOSEI (Japan)
• KANAZAWA (Japan)
• JANISAN (U.S.)
• ASVEL (France)
• ARONKASEI (Tokoyo)
• Sterilite (U.S.)
• Richell (China)
• ZKH (Japan)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.