In recent decades, urbanization and globalization have increased tremendously resulting in an increase in waste production. For instance, According to the Environmental Protection Agency (EPA) the total generation of municipal solid waste in 2017 was 267.8 million tons in the United States. Therefore, the demand for dustbins is growing at a rapid pace. Leading market players in the market are focusing on the development of smart dustbins integrated with the Internet of Things (IoT) and other prominent technologies. Moreover, the growing government focus on waste management expected to fuel market growth during the forecasted period.This growth is primarily driven by Rapid Urbanization and Economic Development and Increasing Government Initiatives for Waste Management.
Globally, a noticeable market trend is evident Emphasizing On Development of Innovative and Smart Dustbins. Major Vendors, such as Abfallbehaelter & Container Weber GmbH (Germany), Busch Systems (Canada), Perstorp (Malaysia), Bigbelly Inc. (United States), OTTO Waste System (India), Helesi (Cyprus) and Rubbermaid (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
19th March 2019, Steel Authority of India Ltd (SAIL) has launched IoT driven stainless steel garbage bins across the North and South Delhi Municipal Corporation area. These garbage bins are integrated with sensors that automatically send a signal to the waste collection authority once the bins are full.
- Rapid Urbanization and Economic Development
- Increasing Government Initiatives for Waste Management
- Emphasizing On Development of Innovative and Smart Dustbins
- Fluctuating Raw Material Prices
Increasing Demand for Touchless Dustbins and Rising Need for Effective Waste Management Globally
Increasing Number of Local Manufacturers in Market
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