A trash compactor is a machine used to reduce the size of the material through compaction. A baler-wrapper compactor is often used for making compact and wrapped bales to improve logistics. Waste materials are placed inside the trash compactor which is then crushed with the help of a metal ramp into small and manageable pieces. A trash compactor is often used for residential, commercial, and industrial purposes. It is of great help as it reduces the amount of money spent on trash containers. Trash compactors are of different types, such as waste compactors, compactors coupled with recycling features, and trash compactors with features of organic processing.
Market Scope and Structure Analysis
The global trash compactor market is anticipated to grow at an exponential rate in the near future. One of the primary factors responsible for the growth of the trash compactor market is the increase in cost of waste disposable. Stringent regulatory policies coupled with increased waste disposable charges are another major factors that drive the market growth in the developed countries. Many awareness programs such as Pay as you Throw by waste management services have also been introduced across several cities to increase the demand for trash compactors. In addition, rise in concerns related to limited spaces in landfills coupled with avoidance of burning waste in landfills owing to harmful emission of gases is anticipated to increase the demand for trash compactors. Furthermore, induction of trash compactors for residential use is estimated to drive the growth of the trash compactor market. However, lack of awareness about safe waste disposable systems across regions such as Asia-Pacific, Middle East & Africa, and South America is projected to limit the growth of the trash compact market.
COVID-19 Impact analysis
- COVID-19 pandemic has shut down the production of various products in the trash compactor machine market attributed to the lockdown globally. This has hampered the growth of the trash compactor machine market from the last few months and is likely to continue during 2021.
- COVID-19 has already affected the sales of the trash compactor machine market in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
- The major demand for trash compactor machine was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the necessity of trash compactor machine products.
- Further, potential impact of the lockdown is currently vague and financial recovery of the companies is totally based on its cash reserves. Trash compactor machine market manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses, whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
- Trash compactor machine market is expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
The latest trends in the residential trash compactor market is the built-in Wi-Fi connection with solar power transmitter which sends signals to collect the empty bins once full. This will help in decreasing the overflow of the waste. Automatic loading door and adjustable photo-eye sensor to detect approaching patrons are some of the technological trends in the trash compactor market. The trash compactors market is expected to be primarily driven by rise in waste disposal cost and increase in solid waste generation across various emerging economies owing to increased economic development and urbanization. The introduction of stringent regulatory policies and the increase in charges for the disposal of waste products in developed countries are expected to boost the market growth during the predicted period. 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%.
Market Trends
- Product launch strategies aim for user adoption and brand growth. New products are launched by the companies to meet the requirements of the consumers and also to assist in enhancing the geographic footprint of the company and help in gaining significant market share for street and roadway lighting market. 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.
- In U.S., the Resource Conservation and Recovery Act (RCRA) is the public law that creates the framework for the proper management of hazardous and non-hazardous solid waste. The law describes the waste management program mandated by Congress that gave EPA authority to develop the RCRA program. Thus, this strict Government rules have a positive impact on the trash compactor machine market.
- A strategic business partnership is a long-term business relationship focused on creating joint value for two or more organizations. This allows the small business to promote its products or services and show its relevance to that consumers. For instance, a U.S. compactor monitoring company has partnered with a waste and recycling management services provider to deliver more than 200 systems in Canada. The SmartTrash, LLC. compactor monitoring system, based in Emeryville, Calif., was created by an actual waste management company, thus delivered better service.
Key Benefits of the Report
- This study presents the analytical depiction of the trash compactor machine market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the trash compactor machine regional share.
- The current market is quantitatively analysed to highlight the trash compactor machine market industry growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed trash compactor machine market analysis based on competitive intensity and how the competition will take shape in coming years.
Trash Compactor Machine Market Report Highlights
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 Key Market Players | Sunshine Recycling Inc.,, KenBay,, WasteCare Corporation,, PRESTO GmbH & Co. KG,, Ace Equipment Company,, Marathon Equipment,, Wastequip, LLC.,, SP Industries, Inc.,, Ecube Labs,, Associated Engineers Limited, Compactor Management Company,, Capital Compactors & Balers, |
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