The North American wheeled bins market is expected to see significant growth in the coming years due to increasing awareness of technologically advanced garbage bins in the U.S. and Canada. The introduction of smart trash bins equipped with wireless ultrasonic sensors is poised to be a key driver in the region. The ongoing development of smart cities in urban areas, aimed at improving the quality of life, is another factor contributing to market growth. Additionally, the growing complexity in waste collection logistics is boosting the demand for efficient waste management solutions, further fueling the North America market.
The global wheeled bins market is poised for robust growth, with projections indicating a substantial increase to $9.1 billion by 2032. According to Future Market Insights (FMI), the market is expected to reach $5.2 billion in 2022, with a remarkable compound annual growth rate (CAGR) of 10.7% forecasted for the period from 2022 to 2032. This growth is primarily attributed to the growing awareness of the need for systematic garbage disposal methods, which is driving the demand for wheeled bins worldwide.
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Wheeled bins, characterized by their large size and equipped with wheels, play a pivotal role in collecting and managing waste. They are not only instrumental in maintaining cleanliness but also contribute to recycling efforts. The improper disposal of garbage has led to the increased prevalence of chronic diseases, emphasizing the importance of proper waste management. For instance, the Centers for Disease Control and Prevention (CDC) reports a significant number of typhoid fever cases, which is expected to rise, further fueling the market’s expansion.
Governments in developing countries are taking proactive steps to enhance sustainability through investments in waste disposal and management systems. Their commitment to efficient waste collection, storage, and recycling initiatives, backed by increased funding, is poised to be a significant driving force for the wheeled bins market’s growth.
Key points:
- The global wheeled bins market is expected to reach US$9.1 billion by 2032, with a 10.7% CAGR forecast from 2022 to 2032.
- Growing awareness of systematic garbage disposal fuels the demand for wheeled bins.
- Wheeled bins play a crucial role in garbage collection and recycling, contributing to cleaner environments.
- Improper garbage disposal is linked to rising chronic disease cases, emphasizing the importance of waste management.
- Developing countries’ governments are investing in sustainable waste management, driving market growth with increased funding.
As the need for efficient waste management continues to grow, the wheeled bins market is expected to witness further expansion, driven by the advantages of waste management efficiency, durability, versatility, and environmental sustainability offered by wheeled bin solutions.
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Global Wheeled Bins Market: Dynamics
The increasing usage of mobile containers in different end-user industries is fueling the demand for wheeled bins. Wheeled bins are resistant to low & high temperatures and to other chemicals. The UV-resistant properties of the material used for wheeled bin manufacturing are increasing the growth of the market. Wheeled bins can be embedded with smart labels to provide more convenience to end users. The global wheeled bins market is expected to witness moderate growth during the forecast period.
Metal-wheeled bins are mainly used for industrial purposes, which can be to store some components or to collect waste. Plastic-wheeled bins are mainly used for waste collection. Cleaning processes of wheeled bins should have efficient procedures to ensure safety and hygiene. The wheeled bins market is expected to grow at a significant compound annual growth rate during the forecast period. The wheeled bins with a capacity of more than 300 liters are used for industrial purposes. Wheeled bins offer efficient, safe, and secure storage of waste for commercial and trade premises.
Key Segmentation:
By Material Type:
- Metal
- Plastic
By Product Type:
- Flat Top
- Roll Top
By Capacity:
- <60 Liters
- 60-240 Liters
- 241-540 Liters
- >540 Liters
By Application:
- Catering
- Waste Collection
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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What to Expect in Our Report?
(1) A complete section of the Global Wheeled Bins market report is dedicated to market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Global Wheeled Bins market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Wheeled Bins market.
(4) The report also discusses the competitive situation and trends and sheds light on company expansions and mergers and acquisitions taking place in the Global Wheeled Bins market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusions of the research study provided in the Global Wheeled Bins Market report.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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