Trash Can Market Research, 2031
The global trash can market size was valued at $3.3 billion in 2021, and is projected to reach $5.3 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.
A trash can, sometimes known as a garbage can, is a container for storing waste. The vast majority are made of metal and plastic. Trash cans are sturdy and can withstand large loads, enabling safe and convenient rubbish storage, disposal, and transportation. To keep pests & insects out and to reduce odor, the garbage can is covered. Specialized can liners assist in the control of leaks and smells. Trash cans enable the sanitary collecting of wastes, which can be liquid or solid. Trash cans are designed for both indoor and outdoor usage, with differing degrees of strength to meet the environment. To make them simpler to handle, the massive garbage cans include rollers, wheels, and distinctive lids.
In today's world, the amount of waste generated by a country is increasing in volume every year. Therefore, the government of different countries is looking for a solution for waste management to avoid the spread of disease and pollution. Countries such as India have formed the Swachh Bharat Mission to speed up efforts to attain universal access to water and sanitation and to focus attention on sanitation. On the other side, the European Union has implemented policies that will assist in the recycling of waste goods into clean renewable energy and will help to improve the climate of the European Union's member nations. Different nations' endeavors are concentrating on improving garbage disposal processes, which is boosting the need for waste disposal products such as trash cans, trash bags, and others. The growing demand from the government and the worldwide population is driving trash can sales, which is fueling the trash can market growth.
The trash can market is segmented on the basis of product type, material, end user, distribution channel, and region. On the basis of product type, the market is categorized into the pedal trash can, sensor trash can, open trash can, and others. On the basis of material, it is segregated into metal, plastic, and others. On the basis of end user, it is bifurcated into household and commercial. On the basis of distribution channel, it is divided into hypermarkets/supermarkets, specialty stores, online channels, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, Turkey, South Africa, Argentina, and Rest of LAMEA).
On the basis of product type, the pedal trash can segment has gained a major share in the global market in 2021 and is expected to sustain its market share during the forecast period. The pedal trash can is the most common model of a trash can that is used by the global population as it does not require the need to operate the trash can and it’s convenient for usage.
According to trash can market trends, on the basis of material, the metal segment gained a major share in the global market in 2021 and is expected to sustain its market share during the forecast period. The majority of the trash can products are made up of metal, as metal is sturdy and has a long life-span, and is not prone to frequent damage.
On the basis of end user, the metal segment gained a major share in the global market in 2021 and is expected to sustain its market share during the forecast period. The need for trash can in the household sector has increased due to the rise of work from home culture which has increased the waste production by the residential population.
According to trash can market analysis, on the basis of distribution channel, the hypermarkets/supermarkets segment accounted for around 35% of the global market share in 2021 and is expected to sustain its share during the forecast period. Hypermarkets/supermarkets offer a convenient experience of diverse shopping under a single roof to the consumers. Hypermarkets/supermarkets provide the consumers a premium advantage, i.e., availability of various products, product discounts, the assistance of sales representatives, and easy checkouts. These advantages are expected to drive the growth of hypermarkets/supermarkets during the forecast period.
On the basis of region, Asia-Pacific dominated the global market in 2021 and is expected to be dominant during the trash can market forecast period. The dominance of the trash can industry is largely due to the increasing population generating waste in the Asia-Pacific region and the availability of several variants of a trash can that is preferred by consumers according to the requirement.
The players operating in the global trash can market have adopted various developmental strategies to expand their trash can market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Grahl Manufacturing, Inter IKEA Systems B.V., iTouchless Housewares & Products Inc. Newell brands, Nine Stars Group USA Inc., Otto Environmental Systems North America, Inc., Rev-A-Shelf, Simplehuman, Tramontina, and Umbra.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the trash can industry from 2021 to 2031 to identify the prevailing trash can market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the trash can market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global market trends, key players, market segments, application areas, and market growth strategies.
Trash Can Market Report Highlights
| Aspects | Details |
 By Material |
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 By End User |
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 By Product Type |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Inter IKEA Systems B.V., Grahl Manufacturing, ITouchless Housewares and Products Inc., Simplehuman, Newell Brands, Rev-A-Shelf, Umbra, Tramontina, Otto Environmental Systems North America, Inc., Nine Stars Group USA Inc |
Analyst Review
According to the CXOs, the global waste production in 2020 was around 2.01 billion, and it is anticipated to increase to 3.40 billion tons by 2050, more than doubling population growth within the same period. Overall, there is a link between trash creation and income level. High-income nations' daily per capita trash creation is forecast to rise by 19% by 2050, while low- and middle-income countries' waste generation is expected to rise by 40% or more. Waste generation reduces initially at the lowest income levels and subsequently grows at a quicker pace for additional income changes at the lowest income levels than at the highest income levels. The entire amount of garbage created in low-income nations is predicted to more than triple by 2050. To cater to the waste management problem the need for trash cans will increase and with the introduction of the technologically advanced trash can, trash disposal is expected to be easy.
The global trash can market size was valued at $3,293.7 million in 2021, and is estimated to reach $5,252.1 million by 2031, registering a CAGR of 4.9% from 2022 to 2031.
The global trash can market registered a CAGR of 4.9% from 2022 to 2031.
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The forecast period in the trash can market report is from 2022 to 2031.
The top companies that hold the market share in trash can market include Inter IKEA Systems B.V., iTouchless Housewares & Products Inc.Newell brands, Nine Stars Group USA Inc, and Otto Environmental Systems North America, Inc.
The trash can market report has 4 segments. The segments are product type, material, end user and distribution channel.
The emerging countries in the trash can market are likely to grow at a CAGR of more than 9% from 2022 to 2031.
Post COVID-19, the ease of lockdown had improved the supply chain for trash can products and with the increasing population in Asia-Pacific region the demand for trash can has improved due to increasing disposal of waste by the Asia-Pacific population.
Asia-Pacific will dominate the trash can market by the end of 2031.
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