PUBLISHER: The Business Research Company | PRODUCT CODE: 1760267
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760267
Smart trash bins are advanced waste containers equipped with sensors and connectivity features to optimize waste management. They can monitor fill levels, automatically sort waste, and send notifications when they need to be emptied. These smart bins contribute to better recycling, reduced overflow, and improved garbage collection efficiency.
The main types of smart trash bins include sensor-enabled smart bins, compacting smart bins, recycling smart bins, compost smart bins, and general waste smart bins. Sensor-enabled smart bins are equipped with sensors that detect fill levels, motion, or usage patterns, allowing for real-time monitoring and enhanced waste collection efficiency. These bins incorporate technologies such as IoT connectivity, mobile app support, voice-activated systems, AI-based smart sorting, and solar power. They come in various capacities, from small to extra large, and are distributed through both online and offline channels. These bins are utilized in residential, commercial, industrial, municipal, and educational settings.
The smart trash bin market research report is one of a series of new reports from The Business Research Company that provides smart trash bin market statistics, including smart trash bin industry global market size, regional shares, competitors with a smart trash bin market share, detailed smart trash bin market segments, market trends and opportunities, and any further data you may need to thrive in the smart trash bin industry. This smart trash bin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The smart trash bin market size has grown exponentially in recent years. It will grow from $1.64 billion in 2024 to $2.00 billion in 2025 at a compound annual growth rate (CAGR) of 22.2%. The growth during the historic period can be attributed to factors such as rising urbanization, an increased focus on waste management efficiency, the growing adoption of smart city initiatives, heightened environmental awareness, and a rising demand for automated solutions in both households and commercial spaces.
The smart trash bin market size is expected to see exponential growth in the next few years. It will grow to $4.42 billion in 2029 at a compound annual growth rate (CAGR) of 21.9%. The growth during the forecast period can be attributed to the increasing integration of IoT in waste management, a rising demand for hygienic waste disposal solutions, growing government initiatives for smart infrastructure, higher adoption in commercial and industrial sectors, and the increasing need for data-driven waste tracking systems. Key trends during this period include advancements in sensor technology, improved waste segregation capabilities, innovations in AI-driven waste management, further integration into smart city frameworks, and the development of energy-efficient designs.
The growing volume of waste is expected to drive the growth of the smart trash bins market moving forward. Waste generation refers to the production of unwanted or unusable materials resulting from daily activities, consumption, or production by individuals, households, businesses, or industries. This increase in waste is driven by rising consumerism, with higher living standards and population growth leading to more consumption and discarded packaging. Smart trash bins are essential for managing this waste, as they optimize collection efficiency by monitoring fill levels in real time, reducing overflows, lowering operational costs, and promoting cleaner environments. For example, a report published in February 2024 by the United Nations Environment Programme, a Kenya-based environmental authority, predicts that municipal solid waste will grow significantly from 2.1 billion tons in 2023 to over 3.8 billion tons by 2050. Therefore, the rising waste generation will contribute to the growth of the smart trash bins market.
Leading companies in the smart trash bins market are developing advanced products, such as AI-driven waste sorting machines, to improve sorting accuracy, reduce manual labor, and enhance recycling efficiency. These AI-powered machines use artificial intelligence, including image recognition and machine learning, to identify, classify, and separate various types of waste for effective recycling and disposal. For example, in November 2024, Green AI Technology Limited, a Hong Kong-based company specializing in AI visual recognition for smart waste sorting, launched an AI-powered smart bin for waste segregation. A standout feature of Green AI's smart bins is their integration of advanced technologies such as scanners, conveyor belts, and digital scales, which allow for precise waste sorting and efficient compression to maximize storage capacity. These AI-powered bins are primarily targeted at high-footfall areas including shopping centers, hotels, and commercial buildings, especially those owned by publicly listed companies, where accurate sorting can significantly enhance the value of recyclable waste.
In October 2022, FairPrice Group, a Singapore-based provider of smart trash bins, teamed up with the Agency for Science, Technology, and Research (ASTAR) to launch BINgo, a smart waste sorting bin. This collaboration aims to advance sustainability practices through the initiative, which focuses on promoting environmental awareness, educating the community on proper recycling habits, and encouraging a reduction in environmental footprints. ASTAR is a Singapore-based public sector agency specializing in scientific and technological research.
Major players in the smart trash bin market are Veolia Environnement S.A., Rubbermaid Commercial Products LLC, Brabantia Nederland B.V., Honey-Can-Do International LLC, Simplehuman Corporation, Euronics Industries Private Limited, Sensoneo j.s.a., iTouchless Housewares & Products Inc. Private Limited, Glasdon UK Limited, Bigbelly Solar Inc., Ecube Labs Limited, Ausko Pte Ltd., Enevo Oy Corporation, CleanRobotics Inc., Binology LLC, Recipro Waste Management Private Limited, Nine Stars Group Inc., Modern Home Singapore Pte Ltd., Smartbin Private Limited, Zero Waste Ventures, and Private Limited.
North America was the largest region in the smart trash bin market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the smart trash bin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The smart trash bins market consists of revenues earned by entities providing services such as predictive waste collection, odour and sanitation management, waste sorting and categorization assistance. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart trash bins market also includes sales of touchless smart trash bins, fill-level monitoring smart bins and bluetooth-enabled bins. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Smart Trash Bin Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart trash bin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for smart trash bin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart trash bin market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.