Strengthening Waste Management Policies to Boost the Wheeled Bins Demand in Germany! FMI Predicts Wheeled Bin Industry in Germany to Record a CAGR of 3.1% through 2034.
NEWARK, DE / ACCESSWIRE / July 11, 2024 / Germany's wheeled bin industry is valued at USD 323.1 million in 2024. This figure is projected to climb to USD 439.4 million by 2034, reflecting a CAGR of 3.1% during the forecast period. The rising number of recycling facilities in Germany is one of the prominent reasons for boosting the production of wheeled bins, especially for plastic and paper recycling.
As Germany is prioritising environmental sustainability and waste management, the country has observed a growth in the number of its recycling facilities which in turn has created a strong supply chain for recycled plastic materials. For instance, LyondellBasel JV launched a new plastic recycling facility in Germany to convert difficult-to-recycle plastic waste.
Manufacturers are stressing this new trend of utilizing recycled material as their major raw material to fulfil the sustainable demands of the consumer and not showing dependency on virgin materials. Thus, the rising number of recycling facilities in Germany is pushing the manufacturers to use recycled materials, which in turn is leading to high production of wheeled bins.
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The government of Germany is making strict efforts to proper waste disposal and curb the impact of waste on nature by implementing policies and regulations such as waste reduction targets, green public procurement policies, and many more. The country's waste management regulations are considered to be one of the stringent policies implemented to minimize waste generation and maximize resource recovery.
Germany has stringent regulations over the separation and disposal of waste generated for all different sectors. These regulations focus on the collection of waste separately such as organic and inorganic waste, plastic, paper, and metal. The motive behind this is to collect and process different waste effectively and minimize unnecessary contamination which can lead to severe problems for public health and also the environment.
By implementing such strict regulations, the country has been able to curb the number of infections that might occur from improper waste management, thus leading to a healthy community for its people. Due to stringent regulations for waste management and to prevent vector-borne infection, the demand for wheeled bins for separate materials or wheeled bins with compartments is anticipated to experience high demand during the assessment period.
Key Takeaways from the Germany Wheeled Bins Market
240 to 600 litre wheeled bins hold more than 50% of the value share and are expected to expand 1.3 times its current market value by the end of 2034. 60 to 180 liters bin is expected to create a significant revenue worth USD 105.5 million and grow at 3.9% till 2034.
The direct sales channel has captured more than 55% of the market share in 2024 and is anticipated to reach a valuation of USD 247.1 million by the end of 2034. The brick-and-mortar store sales are expected to grow at a rate of 2.0% and reach a valuation of USD 83.0 million by the end of the forecast period.
HDPE wheeled bins are dominating with a market share of 83% in 2024 and are estimated to reach a valuation of USD 356.4 million by the end of the forecast period. PP bins have accounted for a 9.6% value share in 2024 and are expected to reach a valuation of up to USD 43.3 million over the forecast period.
Among end users, municipal/public tender is to gain an incremental revenue opportunity of USD 66.8 million and is anticipated to gain more than 54.0% of value share by the end of the forecast year. Commercial/private sector demand is expected to grow at 2.7% CAGR and reach a valuation of USD 81.3 million by the end of 2034.
"Factors like the need for safe waste management solutions are driving the wheeled bins industry. This trend is in line with data from organizations like the World Economic Forum, which reports increasing demand for wheeled bins across various industries."- Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Outline of Important Trends Shaping the Germany Wheeled Bins Market
High Preference for Compartmentalised Wheeled Bins
The consistent innovations in the design and material of wheeled bins lead to innovative products such as compartmentalized wheeled bins. This is due to the country's strong emphasis on recycling, waste management, and stringent regulation over waste disposal.
These bins have different compartments for separating different types of waste according to the required regulations, such as paper, plastic, glass, organic waste, and general waste. The major benefit of these types of bins is the ability to separate waste in terms of its recyclability and biodegradability. Due to proper segregation of waste, compartmentalized wheeled bins have helped in effective waste management.
Compartmentalized wheeled bins have applications across various industrial sectors and household and commercial sectors. Manufacturers in Germany are stressing the production of compartmentalized wheeled bins because of the advantages of simple and traditional bins.
For instance, Craemer GmbH is a Germany-based manufacturer that offers compartmentalized wheeled bins namely MGBNeo ideally suited for industrial applications and any other high-volume waste. This MGBNeo is a four-wheeled bin with a strong front comb, steel-reinforced lifting trunnions, handles all over the body and lids designed to prevent the water from getting in at the time of opening.
Evolution of Technology for Wheeled Bins
A trend of digitalization and technological advancements is rising in almost all parts of the world. The wheeled bins are also one of the areas that are experiencing these advancements. Technologies such as smart waste sensors, RFID tracking and IoT integration are being widely employed for wheeled bins for various purposes.
They offer several benefits such as smart waste sensors detecting the fill levels in wheeled bins and updating the data to waste management systems, which reduces unnecessary trips and on-time collection of the garbage and avoids the overflowing of bins and spillage of litter.
Use of RFID Technology which leads to automated collection, monitoring and tracking of the movement of wheeled bins throughout the waste management process, calculation of waste disposal fees, billing and payment, timely repairs and replacements of wheeled bins. Manufacturers in Germany are working on the integration of such technologies in the wheeled bins to increase sustainability and offer improved versions of wheeled bins.
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Germany Wheeled Bins Market Landscape
The tier 1 players in the market hold 24 - 28% of the German wheeled bins market.
Key Players in Germany Wheeled Bin Industry
Veolia Environnement S.A.
Schaefer Systems International, Inc.
Craemer GmbH
IPL Global
ESE WORLD B.V.
Contenur UK
Europlast Kunststoffbehälterindustrie GmbH
Helesi PLC
Engels Logistiek BV
Abfallbehälter & Container Weber GmbH & Co. KG
P. HENKEL GmbH
Fletcher European Containers
Congost Plastic S.A.
Rothopro GmbH
SULO Global
Superstuff Europe
HERMEQ
Mobil Plastic Spa
Plastic Gogic
Araven S.L.
More Valuable Insights
Future Market Insights, in its new report, offers an unbiased analysis of the Germany wheeled bins market, analysing historical demand from 2019-2023 and forecast statistics for 2024-2034.
Germany Wheeled Bin Industry Segmentation
By Bin Capacity:
In terms of bin capacity, the industry is divided into 20 to 40 liters, 60 to 180 liters, 240 to 600L, and 660 to 1,100 liters.
By Material:
A few of the important materials used for wheeled bins include HDPE, PP and other (FRP, PVC and PCR plastics).
By Sales Channel:
Sales channels for wheeled bins include direct sales (manufacturers), distributors, brick and mortar (retail), and online sales or e-commerce.
By End Use:
Some of end users related to the wheeled bin industry include commercial or private, municipal or public tender, industrial and residential or household.
Report Preview: https://www.futuremarketinsights.com/reports/wheeled-bin-industry-analysis-in-germany
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 3,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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