Trash compactors are utilized to compact trash at the source. They can eliminate a lot of labour and reduce the handling time that is normally associated with waste management and waste disposal. Trash compactors compress a large quantity of unsorted mixed waste into a container. Containers are then picked up and collected for onward delivery to landfill. The trash compactors market is expected to be primarily driven by rising waste disposal cost and increasing solid waste generation across various emerging economies owing to increased economic development and urbanization. Further, solid waste management is one of the prime concerns for various governments because waste disposal related problems often lead to disease outbreaks.
Waste management is an effective way of maximizing resources and reducing overall business costs. A trash compactor compresses trash into a form that takes up less space and thus, can usually reduce the volume of garbage by around 50%-90%.
Global Trash Compactors Market: Segmentation
The global trash compactors market can be segmented on the basis of product type, type, waste, type, application and end-use.
Based on product type, the global market can be segmented into:
Based on type, the global market can be segmented into:
Based on waste type, the global market can be segmented into:
Based on application, the global market can be segmented into:
Based on end-use, the global market can be segmented into:
Global Trash Compactors Market: Dynamics
Trash compactors are rapidly gaining traction across various countries owing to the numerous advantages associated with them, such as reduced collection cost, compatibility, versatility, etc. Trash compactors are also known to create a hygienic environment, which leads to improved public image. Further, introduction of strict laws by various governments regarding waste disposal and increasing threat of global warming will boost the growth of the concerned market during the forecast period.
Some of the prominent manufacturers involved in the global trash compactors market have also been found to be involved in the introduction of energy efficient trash compactors. For instance, Ecube Labs has recently introduced trash compactors which run on solar energy. These types of compactors can hold more waste than non-compacting bins and also reduce collection frequency.
Global Trash Compactors Market: Regional Outlook
Geographically, the global trash compactors market is expected to be dominated by North America. North America is expected to be the front-runner in terms of adoption of trash compactors across the globe, supported by rising awareness among residential as well as commercial consumers across the U.S. and Canada. North America is anticipated to be followed by Europe in the global market over the forecast years due to rising consumer waste problems across various countries. Europe, in the global trash compactors market, is anticipated to be followed by Asia-Pacific in near future. Latin America and Middle East & Africa together are expected to account for a small share in the global trash compactors market. However, the demand is expected to grow at a significant pace in near future.
Global Trash Compactors Market: Participants
Examples of some of the key players involved in the global market are Wastequip, LLC, KenBay, WasteCare Corporation, Ecube Labs, Compactor Management Company, SP Industries, Inc., Marathon Equipment, PRESTO GmbH & Co. KG, Capital Compactors & Balers, Sunshine Recycling Inc., Ace Equipment Company, Associated Engineers Limited and others.
The global trash compactors market is anticipated to be the most fragmented in nature owing to the presence of a large number of regional as well as local players in the market across the globe.
The research report presents a comprehensive assessment of the Trash Compactors market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Trash Compactors market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Trash Compactors market segments such as geographies, form, application and end-use industry.
The report covers exhaustive analysis on:
Regional analysis includes:
The Trash Compactors market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Trash Compactors market segments and geographies.