Global Smart Trash Bin Market Report and Forecast 2024-2032

Global Smart Trash Bin Market Outlook

The global smart trash bin market size reached a value of approximately USD 236.65 million in 2023. The market is projected to grow at a CAGR of 13.50% between 2024 and 2032, reaching a value of USD 739.72 million by 2032.

Key Trends in the Market

Smart trash bin is a high technology waste container that uses smart sensors, artificial intelligence, and image recognition to obtain information on the waste type and amount. The integration of waste containers with smart sensors allows waste tracking while supporting waste management processes.

• The rising number of smart city programmes is boosting the requirement for innovative waste management solutions, resulting in the integration of cameras and sensors in trash bins and aiding the smart trash bin market demand.

• The ability of smart trash bins to detect and notify about trash overflow or the presence of any objectionable object is further boosting their adoption by people to streamline and automate their processes.

• The rising penetration of advanced technologies, such as artificial intelligence and the Internet of Things, is boosting the effectiveness and efficiency of smart trash bins. The artificial intelligence algorithm helps identify patterns, enabling the optimisation of waste management systems for improved output.

Market Analysis

Based on capacity, the market is segmented into 8 to 13 gallons, 14 to 33 gallons, and above 24 gallons. On the basis of operation, the market is divided into automatic and semi-automatic. By distribution channel, the market is categorised into offline and online. Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smart trash bin market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Ausko Pte Ltd

• iTouchless Housewares and Products Inc.

• simplehuman, LLC

• Hangshau Houseware Co., Ltd.

• Home Depot, Inc.

• Big Belly Solar LLC.

• Honey Can Do International 

• Nine Stars Group (USA) Inc.

• Binology LLC

• CleanRobotics Technologies, Inc.

• Others

Market Share by Operation

The automatic segment is likely to account for a large share of the smart trash bin market, as it helps simplify waste management due to its benefits like 100% touch-free lid operation and built-in odour control system, while providing ultimate convenience and featuring elegant designs. They are helpful in promoting hygiene by eliminating the need to touch the bin when disposing of waste. Moreover, the ability of these bins to automatically detect and sort waste for purposes such as recycling is further boosting the demand for automatic trash bins over the ones that require human intervention at certain steps.

Market Share by Region

North America held a large share of the market owing to the early adoption of advanced technologies in the region and the presence of various market players such as simplehuman, LLC, Nine Stars Group (USA) Inc., and iTouchless Housewares and Products Inc., among others. The increasing focus of manufacturers on strategic growth through product launches and mergers and acquisitions is further enhancing the growth of the market in North America. The strong desire to adopt cutting-edge technologies in countries such as the United States and Canada is boosting the expansion of the smart trash bin market.

Competitive Landscape

Ausko Pte Ltd. was founded in 2000 and is headquartered in Singapore. Ausko is an environmental service company that designs and manufactures advanced and sustainable solutions to meet the needs of its customers around the world.

iTouchless Housewares and Products Inc. is a household goods company that was founded in 2004. The company is headquartered in California, United States, and is known for manufacturing and distributing innovative hygiene tools and home waste management products, such as trash bins.

simplehuman, LLC  was established in 2000 and has its headquarters located in California, United States. The company is known for designing and manufacturing kitchen, bath, and beauty products.

Other major players in the smart trash bin market include Hangshau Houseware Co., Ltd., Home Depot, Inc., Big Belly Solar LLC, Honey Can Do International, Nine Stars Group (USA) Inc., Binology LLC, and CleanRobotics Technologies, Inc., among others.

Key Highlights of the Report