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A16836 | Pages: 290 | Charts: 67 | Tables: 182 |
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.
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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.
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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.
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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.
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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.
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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.
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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 Market Segments
Key Market Players