Global Underground Waste Containers Market

The global underground waste containers market capacity is expected to reach $1,050.1 million in 2027, from $796.7 million in 2019, growing at a CAGR of 5.9% from 2020 to 2027. Underground waste containers are used to store waste temporarily. These containers have modern & aesthetic look, and are environment-friendly. In addition, they help in controlling odor, offers hygiene, have high waste storing capacity, and are durable in nature. 

The COVID 19 outbreak has negatively affected the expansion of the global underground waste containers industry owing to the stoppage in production of these systems due to unavailability of raw materials in addition to the disruptions in supply chain globally.

Factors such as space efficiency, tidiness, and long emptying intervals offered by underground waste containers are expected to fuel the growth of the market. In addition, increase in residential and commercial construction activities globally is expected to boost the growth of the global underground waste containers market. Furthermore, increase in environment-related concern and growth in various industrial sectors such as mining, chemical, and others are expected to enhance the growth of the market. Further, stringent norms related to garbage disposal in the European and North American regions is expected to boost the growth of the market. Involvement of government and local authorities toward sustainable waste disposal is further expected to bolster the growth of the market.

Rise in global population and urbanization increases the demand for more garbage disposal systems; thereby, stimulating the growth of the market. In addition, underground waste containers are being installed in several public places such as shopping centers, airports, malls, metro stations, and other projects. Further, technological advancement such as use of Internet of Things (IoT) to collect garbage provides remunerative opportunities for the key players. By using IoT & dataintegration, garbage is collected and optimum routes are selected for collection of waste. It also reduces the cost of manpower as well as fuel.  

Further, many countries such as India, Japan, the U.S., and others are focusing on installing smart underground waste containers to aid the development of the market. For instance, in 2018, the Surat Municipal Corporation (SMC) installed 43 special sensor-fitted underground garbage bins in the public areas. The bins are armed with two compartments – one for the municipal workers to collect waste and the other one for general public to throw away the garbage. To confirm effective waste separation, the bins are further split into dry waste and wet waste. The capacity of the bin is 3 cubic meters and each section has a capacity to store 1.5 tonnes of garbage. These smart underground bins send signals to the representatives once 70% of the bin is occupied, which in turn, avoids garbage overflow. Furthermore, an increase in spending of individuals and government bodies toward waste collection systems is expected to garner to the growth of the market. However, high installation and maintenance costs of the containers is expected to hamper the growth of the market. 

The novel coronavirus is rapidly spreading across various countries and regions, causing an enormous impact on the lives of people and the overall community. Starting as an emergency to human health, it now poses noteworthy intimidations to the global economy. Besides, manufacturing, packaging, and raw material supply chains are struggling on a global scale to keep pace with rapid transmission of the virus. In addition, the COVID-19 pandemic has shut-down the production of various types of underground waste containers, owing to the prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. This has hampered the growth of the underground waste containers market significantly from past 6-7 months, which is likely to continue throughout 2020.  

Further, this pandemic has already negatively influenced the sales of underground waste containers in the first half of 2020 and is expected to create a negative impact on the growth of the market throughout the year. Also, owing to lack of availability of raw materials, key players have halted the process of manufacturing underground waste containers for short term. To quicken the process, manufacturers would need to use their individual strengths to get back on track at the earliest.

The global underground waste containers market is segmented on the basis of product type, capacity, application, and region. Based on product type, the market is bifurcated into metal type, plastic type and others. In 2019, the metal segment held the majority share of the market. Based on capacity, the market is divided into below 1000 lts, 1000-3000 lts, and above 3000 lts. The 1000-3000 lts segment is anticipated to exhibit the highest growth during the forecast period. Based on application, the market is divided into residential, commercial and industrial. In 2019, the commercial segment dominated the global market. 

The global underground waste containers market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). 

Competition Analysis

The key players profiled in the global underground waste containers industry report include ESE World B.V., Ecoloxia Environmental Group Inc, Meulenbroek Machinebouw B.V., Nord Engineering S.r.l., Oktagon Engineering GmbH, OGE METAL YEARLTI YERUSTU COP KONTEYNER SISTEMLERI, Reflex Zlin spol. s.r.o., SOTKON GROUP, Sutera USA, LLC, and Zweva Environment bvba. 

Many competitors in the underground waste containers market adopted product launch as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in October 2019, SOTKON GROUP based in Portugal, launched Stand E2 waste container system at Waste Expo in Brazil. It has a storage capacity of 840 liter of waste. It can store liquid as well as solid waste. 

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging global underground waste containers market trends and dynamics.  
• In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027. 
• Extensive analysis of the market is conducted by the following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive underground waste containers market opportunity analysis of all the countries is also provided in the report.
• The global underground waste containers market forecast analysis from 2020 to 2027 is included in the report.
• The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry. 

Global Underground Waste Containers Market Segments

By Product Type

• Metal Type
• Plastic Type
• Others

By Capacity

• Below 1000 Lts
• 1000-3000 Lts
• Above 3000 Lts

By End-user

• Residential
• Commercial
• Industrial

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East 
  • Africa

Key Players

• ESE World B.V., 
• Ecoloxia Environmental Group Inc
• Meulenbroek Machinebouw B.V.
• Nord Engineering S.r.l.
• Oktagon Engineering GmbH
• OGE METAL YEARLTI YERUSTU COP KONTEYNER SISTEMLERI
• Reflex Zlin spol. s.r.o.
• SOTKON GROUP
• Sutera USA, LLC
• Zweva Environment bvba.

 Global Underground Waste Containers Market Report Highlights