Wheeled Bins Market: Overview, Data Updates, Reports Analysis & Forecast | FMI
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.
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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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