Global Smart Trash Bin Market Prospect and Opportunities: Total Value Will Reach $197.56 Million by 2029

Global Smart Trash Bin Market Overview

According to Global Market Monitor, the global smart trash bin market size is $156.23 million in 2024 and is expected to grow to $197.56 million by 2029.

Compared with ordinary trash cans, intelligent trash can be opened and closed by sensors, which is convenient without manual footsteps.

According to the World Bank, global waste generation is expected to increase from 2.01 billion metric tons in 2016 to 3.40 billion metric tons in 2050, representing a 70 percent increase in just 34 years. Smart bins help optimize waste collection and disposal, thereby reducing the impact of waste on the environment. For example, it can separate recyclable materials from non-recyclable materials, making recycling easier and reducing waste.

Market Opportunities and Drivers

Driven by advanced technology, smart trash cans can be remotely controlled by mobile applications, which are rapidly being sought after by consumers. Because users don't have to dispose of the trash can by themselves, it provides higher convenience, prevents the spread of bacteria, and ensures hygiene. At present, many suppliers have introduced products that use motion sensors to open and close lids automatically, which is very convenient for consumers with special needs. In addition, cross-contamination is a common problem, such as hotels, restaurants, and hospitals, which will benefit a lot from this technology.

To further develop urban construction, improve the quality of urban life, and reduce the burden of garbage, the country will pay great attention to intelligent garbage solutions. Manufacturers seize this opportunity and discuss cooperation with government departments for development. For example, there is a great demand for intelligent waste systems in Europe due to the financial constraints of cities and the demand for alternative solutions to reduce the cost of garbage collection. Due to the development of urbanization, the Asia-Pacific region may weigh the demand for intelligent garbage bins within the predicted time range, and the increase in garbage and the shortage of garbage disposal facilities are expected to boost the demand for intelligent garbage bins. In addition, India has been taking measures to mark smart cities that can promote economic growth and improve people's quality of life through technology.

Global Smart Trash Bin Market Size

Regional Market

Due to the region's focus on sustainability and waste reduction, smart trash cans are becoming increasingly popular in Europe. Many European countries, such as France, Germany, and the United Kingdom, have implemented strict waste management regulations and are committed to reducing the amount of waste sent to landfills. For example, the Waste Management Act is the main legal framework for waste management in Germany. The concept of smart cities and efficient waste management solutions is increasing in North America. While contactless bins provide comfort while preventing bacterial cross-contamination, Wi-Fi-enabled devices and the Internet of Things (IoT) are becoming increasingly popular. Therefore, increased investment in smart cities is expected to drive the demand for smart trash cans in the region.

Company Name    

Simplehuman

Website15

www.simplehuman.com

Established Time

2000

Plants Distribution

US

Sales Region

Mainly in America and Europe

Product Introduction

Simplehuman is a privately owned designer and manufacturer of kitchen, bath, and beauty tools based in Torrance, California. simplehuman's trash cans, touch-free soap pumps, shower caddies, and magnified sensor-activated vanity mirrors are sold across the US and internationally both on its website and at various brick-and-mortar retail chains such as Bed, Bath, & Beyond, The Container Store, Crate & Barrel and Nordstrom, and Neiman Marcus.


Beyond Consulting, Future is Feasible

We provide more professional and intelligent market reports to complement your business decisions.