The global smart trash bin market size is expected to reach USD 162.02 million by 2030, expanding at a CAGR of 12.4% from 2023 to 2030. Smart garbage cans are essentially touchless, sensor-technology based trash cans or cabinets that eliminates human involvement of manually operating the trash bins. Customers may comprehensively monitor trash operations by analyzing real-time information on the basis of waste collected, fill level, type of waste, and so on, using these automated smart trash bins for waste management and disposal.
The market is expected to be driven by the rising awareness of proper waste management in the governments across the world, international groupings such as United Nations Environment Programme (UNEP), and end-consumers. With the growing awareness about environmental issues and the need to reduce waste, governments and organizations around the world are placing greater emphasis on waste management. For instance, as per the World Bank, waste generation across the globe is expected to increase from 2.01 billion metric tons in 2016 to 3.40 billion metric tons by 2050 that represents 70% increase in just 34 years. Smart trash bins can help to optimize waste collection and disposal, thereby reducing the environmental impact of waste. For example, it can separate recyclable materials from non-recyclable ones, making it easier to recycle and reduce waste.
Moreover, the rapid technological advancements are also a major factor boosting the growth of the market. The development of new technologies, such as the Internet of Things (IoT), has made it possible to create smart trash bins that are more efficient and effective than traditional trash bins. These technologies enable trash bins to detect when they are full and in need of emptying, and can even compact waste to reduce the amount of space needed for disposal. For instance, FinBin offers CitySolar, a waste-compacting smart trash bin powered by solar energy and has even patented its technology. The compactor easily accommodates 120 and 240-litre wheelie bins. The limited awareness, particularly in emerging nations, as well as lack of supporting infrastructure and the high cost of establishing and monitoring smart bin infrastructure, are among the primary issues limiting the growth of the market.
The COVID-19 pandemic has had a significant impact on the global economy, and the smart trash bin market has not been immune to its effects. One of the main impacts of the pandemic on the market has been the delay or cancellation of smart city initiatives. Many cities around the world have had to put their smart city plans on hold as they deal with the immediate challenges of the pandemic. However, along with these challenges, the pandemic has also created new market opportunities. As more people prefer work from home and spend more time in their local communities, there is a greater need for effective waste management solutions.
The market is expected to be driven by the rising awareness of proper waste management in the governments across the world, international groupings such as United Nations Environment Programme (UNEP), and end-consumers. With the growing awareness about environmental issues and the need to reduce waste, governments and organizations around the world are placing greater emphasis on waste management. For instance, as per the World Bank, waste generation across the globe is expected to increase from 2.01 billion metric tons in 2016 to 3.40 billion metric tons by 2050 that represents 70% increase in just 34 years. Smart trash bins can help to optimize waste collection and disposal, thereby reducing the environmental impact of waste. For example, it can separate recyclable materials from non-recyclable ones, making it easier to recycle and reduce waste.
Moreover, the rapid technological advancements are also a major factor boosting the growth of the market. The development of new technologies, such as the Internet of Things (IoT), has made it possible to create smart trash bins that are more efficient and effective than traditional trash bins. These technologies enable trash bins to detect when they are full and in need of emptying, and can even compact waste to reduce the amount of space needed for disposal. For instance, FinBin offers CitySolar, a waste-compacting smart trash bin powered by solar energy and has even patented its technology. The compactor easily accommodates 120 and 240-litre wheelie bins. The limited awareness, particularly in emerging nations, as well as lack of supporting infrastructure and the high cost of establishing and monitoring smart bin infrastructure, are among the primary issues limiting the growth of the market.
The COVID-19 pandemic has had a significant impact on the global economy, and the smart trash bin market has not been immune to its effects. One of the main impacts of the pandemic on the market has been the delay or cancellation of smart city initiatives. Many cities around the world have had to put their smart city plans on hold as they deal with the immediate challenges of the pandemic. However, along with these challenges, the pandemic has also created new market opportunities. As more people prefer work from home and spend more time in their local communities, there is a greater need for effective waste management solutions.
Smart Trash Bin Market Report Highlights
- The 14 to 23 gallon segment is expected to hold the largest market share. This dominance can be attributed to the demand across the commercial sector as this sectorrequires trash cans with greater capacities to collect enormous volumes of waste.
- The online segment is projected to expand at the fastest CAGR of 12.7% in the forecast period. This can be attributed to the rising consumer preferences for online shopping and associated benefits such as ease of convenience, and faster delivery among others.
- The commercial segment dominated the market in 2022 owing to the regulations for efficient waste management.
- The automatic segment dominated the market in 2022. This dominance can be attributed to the rising preferences among consumers for automatic based smart trash bins owing to ease of convenience and accessibility.
- The multi-compartment segment dominated the market in 2022 owing to its capability to handle specific type of waste.
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
1.3.1. Information analysis
1.3.2. Market formulation & data visualization
1.3.3. Data validation & publishing
1.4. Research Scope and Assumptions
1.4.1. List to Data Sources
Chapter 2. Executive Summary
2.1. Market Summary
2.2. Market Snapshot
2.3. Segment Snapshot
2.4. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope Outlook
3.1. Market Lineage Outlook
3.2. Smart Trash Bin Market - Value Chain Analysis
3.3. Smart Trash Bin Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunity Analysis
3.4. Smart Trash Bin Market - Porter's Five Forces Analysis
3.4.1. Supplier power
3.4.2. Buyer power
3.4.3. Substitution threat
3.4.4. Threat from new entrant
3.4.5. Competitive rivalry
3.5. Smart Trash Bin Market - PEST Analysis
3.5.1. Political landscape
3.5.2. Economic landscape
3.5.3. Social landscape
3.5.4. Technology landscape
3.6. COVID-19 Impact Analysis
Chapter 4. Smart Trash Bin market Capacity Type Outlook
4.1. Smart Trash Bin market, By Capacity Type Analysis & Market Share, 2022 & 2030
4.2. 8 to 13 gallon
4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
4.3. 14 to 23 gallon
4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
4.4. Above 24 gallon
4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
4.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 5. Smart Trash Bin market Sales Channel Outlook
5.1. Smart Trash Bin market, By Sales Channel Analysis & Market Share, 2022 & 2030
5.2. Online
5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
5.3. Offline
5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 6. Smart Trash Bin market Operation Outlook
6.1. Smart Trash Bin market, By Operation Analysis & Market Share, 2022 & 2030
6.2. Automatic
6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
6.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
6.3. Semi-automatic
6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
6.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 7. Smart Trash Bin market Compartment Outlook
7.1. Smart Trash Bin market, By Compartment Analysis & Market Share, 2022 & 2030
7.2. Single Compartment
7.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
7.3. Multi-compartment
7.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 8. Smart Trash Bin market: Regional Estimates & Trend Analysis
8.1. Smart Trash Bin market Share by Region, 2022 & 2030
8.2. North America
8.2.1. Market estimates and forecasts, 2017 - 2030
8.2.2. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.2.3. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.2.4. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.2.5. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.2.6. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.2.7. U.S.
8.2.7.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.2.7.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.2.7.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.2.7.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.2.7.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.2.8. Canada
8.2.8.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.2.8.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.2.8.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.2.8.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.2.8.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.2.9. Mexico
8.2.9.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.2.9.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.2.9.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.2.9.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.2.9.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.3. Europe
8.3.1. Market estimates and forecasts, 2017 - 2030
8.3.2. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.3.3. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.3.4. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.3.5. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.3.6. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.3.7. Germany
8.3.7.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.3.7.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.3.7.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.3.7.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.3.7.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.3.8. U.K.
8.3.8.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.3.8.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.3.8.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.3.8.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.3.8.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.3.9. France
8.3.9.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.3.9.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.3.9.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.3.9.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.3.9.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.4. Asia-Pacific
8.4.1. Market estimates and forecasts, 2017 - 2030
8.4.2. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.4.3. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.4.4. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.4.5. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.4.6. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.4.7. China
8.4.7.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.4.7.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.4.7.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.4.7.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.4.7.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.4.8. Japan
8.4.8.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.4.8.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.4.8.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.4.8.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.4.8.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.4.9. India
8.4.9.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.4.9.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.4.9.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.4.9.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.4.9.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.5. South America
8.5.1. Market estimates and forecasts, 2017 - 2030
8.5.2. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.5.3. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.5.4. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.5.5. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.5.6. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.5.7. Brazil
8.5.7.1. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.5.7.2. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.5.7.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.5.7.4. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.5.7.5. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
8.6. Middle East & Africa
8.6.1. Market estimates and forecasts, 2017 - 2030
8.6.2. Market estimates and forecasts, By Capacity, 2017 - 2030 (USD Million)
8.6.3. Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
8.6.4. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
8.6.5. Market estimates and forecasts, By Operation, 2017 - 2030 (USD Million)
8.6.6. Market estimates and forecasts, By Compartment, 2017 - 2030 (USD Million)
Chapter 9. Smart Trash Bin Market Competitive Landscape
9.1. Key Market Participants
9.1.1. Ausko Pte Ltd.
9.1.2. iTouchless Housewares & Products, Inc.
9.1.3. EcubeLabs
9.1.4. Simplehuman,
9.1.5. HANGSHAU Houseware Co., Ltd.
9.1.6. EKO USA, Home Depot, Inc.
9.1.7. EvoEco
9.1.8. CleanRobotics
9.1.9. Nine Stars Group Inc
9.1.10. Binology LLC
9.1.11. Honey Can Do International,
9.1.12. BIG BELLY LLC.
9.2. Key Company Market Share Analysis, 2022
9.3. Company Categorization/Position Analysis, 2022
9.4. Strategic Mapping
9.4.1. Expansion
9.4.2. Mergers & Acquisition
9.4.3. Partnership & Collaborations
9.4.4. Product/service launch
9.4.5. Others
List of Tables
Table 1 Global Smart Trash Bin Market Revenue Estimates and Forecast, By Capacity Type, 2017 - 2030 (USD Million)
Table 2 Global Smart Trash Bin Market Revenue Estimates and Forecast, By Sales Channel, 2017 - 2030 (USD Million)
Table 3 Global Smart Trash Bin Market Revenue Estimates and Forecast, By End - user, 2017 - 2030 (USD Million)
Table 4 Global Smart Trash Bin Market Revenue Estimates and Forecast, By Operation, 2017 - 2030 (USD Million)
Table 5 Global Smart Trash Bin Market Revenue Estimates and Forecast, By Compartment, 2017 - 2030 (USD Million)
Table 6 Company Heat Map Analysis
Table 7 Key Companies undergoing acquisition.
Table 8 Key Companies launching new products & developing the existing products.
Table 9 Key Companies undertaking other strategies
List of Figures
Fig. 1 Smart Trash Bin Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Segment Snapshot
Fig. 9 Competitive Landscape Snapshot
Fig. 10 Smart Trash Bin - Industry Value Chain Analysis
Fig. 11 Smart Trash Bin Market Dynamics
Fig. 12 Smart Trash Bin Market: PORTER’s Analysis
Fig. 13 Smart Trash Bin Market: PESTEL Analysis
Fig. 14 Smart Trash Bin Market, by Capacity Type: Key Takeaways
Fig. 15 Smart Trash Bin Market, by Capacity Type: Market Share, 2022 & 2030
Fig. 16 8 to 13 gallon Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 17 14 to 23 gallon Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 18 Above 24 gallon Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 19 Smart Trash Bin Market, by Sales Channel: Key Takeaways
Fig. 20 Smart Trash Bin Market, by Sales Channel: Market Share, 2022 & 2030
Fig. 21 Online Smart Trash Bin market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 22 Offline Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 23 Smart Trash Bin Market, by End-user: Key Takeaways
Fig. 24 Smart Trash Bin Market, by End-user: Market Share, 2022 & 2030
Fig. 25 Residential Smart Trash Bin market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 26 Commercial Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 27 Smart Trash Bin Market, by Operation: Key Takeaways
Fig. 28 Smart Trash Bin Market, by Operation: Market Share, 2022 & 2030
Fig. 29 Automatic Smart Trash Bin market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 30 Semi-automatic Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 31 Smart Trash Bin Market, by Compartment: Key Takeaways
Fig. 32 Smart Trash Bin Market, by Compartment: Market Share, 2022 & 2030
Fig. 33 Single Smart Trash Bin market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 34 Multi-compartment Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 35 Global Smart Trash Bin Market revenue, by region, 2022 & 2030 (USD Million)
Fig. 36 North America Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 37 U.S. Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 38 Canada Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 39 Mexico Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 40 Europe Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 41 U.K. Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 42 Germany Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 43 France Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 44 Asia Pacific Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 45 China Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 46 India Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 47 Japan Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 48 South America Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 49 Brazil Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 50 Middle East & Africa (MEA) Smart Trash Bin Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 51 Key Company Categorization
Fig. 52 Company Market Share Analysis, 2022
Fig. 53 Strategic framework
Companies Mentioned
- Ausko Pte Ltd.
- iTouchless Housewares & Products, Inc.
- EcubeLabs
- Simplehuman,
- HANGSHAU Houseware Co., Ltd.
- EKO USA, Home Depot, Inc.
- EvoEco
- CleanRobotics
- Nine Stars Group Inc
- Binology LLC
- Honey Can Do International,
- BIG BELLY LLC.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 64.36 Million |
| Forecasted Market Value ( USD | $ 162.02 Million |
| Compound Annual Growth Rate | 12.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
