Global Oily Waste Can Market Segmentation, By Material Type (Steel and Plastic), Lid Type (Foot Operated Self Closing and Hand Operated Self Closing), Capacity (Up to 10 Gallon, 11 to 15 Gallon, 16 to 20 Gallon, and Above 20 Gallon), End-user (Auto Repairs Shops, Warehouse Facilities, Construction Site, Marinas, Machine Shops, Printing Operations, Furniture Refinishers, and Manufacturing Plants) – Industry Trends and Forecast to 2031.
Oily Waste Can Market Analysis
Oily waste can market growth is driven by advancements in recycling technologies, such as closed-loop systems and advanced liquid filtration. These methods improve waste management efficiency and reduce environmental impact. The market is expanding as industries and municipalities adopt these technologies to handle increasing waste volumes and comply with stringent regulations, boosting the demand for innovative waste disposal solutions.
Oily Waste Can Market Size
The global oily waste can market size was valued at USD 253.64 million in 2023 and is projected to reach USD 331.42 million by 2031, with a CAGR of 3.40% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Oily Waste Can Market Trends
“Growing Adoption of Sustainable Waste Management Solutions”
The increasing focus on sustainability is a key trend driving growth in the oily waste can market. Governments and businesses are increasingly adopting eco-friendly practices to manage industrial and commercial waste. For instance, in the European Union, regulations are pushing industries to improve waste management, including the safe disposal of oily waste. This shift towards environmentally responsible solutions is encouraging the use of specialized cans designed to safely contain and handle oily waste, thus boosting oily waste can market demand. Moreover, advancements in materials and design, such as leak-proof and corrosion-resistant cans, are further enhancing market growth by addressing environmental and operational challenges.
Report Scope and Oily Waste Can Market Segmentation
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Attributes
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Oily Waste Can Key Market Insights
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Segments Covered
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By Material Type: Steel and Plastic
By Lid Type: Foot Operated Self Closing and Hand Operated Self Closing
By Capacity: Up to 10 Gallon, 11 to 15 Gallon, 16 to 20 Gallon, and Above 20 Gallon
By End-user: Auto Repairs Shops, Warehouse Facilities, Construction Site, Marinas, Machine Shops, Printing Operations, Furniture Refinishers, and Manufacturing Plants
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
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Key Market Players
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Eagle Manufacturing (U.S.), Justrite (U.S.), Hazero (New Zealand), TENAQUIP Limited (Canada), Shanghai SYSBEL Industry & Technology Co., Ltd. (China), VWR International, LLC (U.S.), and Genex Container Pvt. Ltd. (India)
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Oily Waste Can Market Definition
An oily waste can is a specialized container designed for safely collecting and storing waste contaminated with oil or other petroleum-based substances. It prevents leaks and spills, minimizing environmental contamination and ensuring safe disposal. Commonly used in industries such as automotive and manufacturing, it helps manage and dispose of hazardous waste in compliance with environmental regulations.
Oily Waste Can Market Dynamics
Drivers
- Rise in Oil and Gas Exploration
The rise in oil and gas exploration significantly boosts the oily waste can market as exploration and production activities generate large volumes of oily waste, including drilling muds and used lubricants. For instance, the surge in offshore drilling projects by companies such as ExxonMobil and BP results in increased oily waste, driving the demand for specialized waste cans to ensure proper containment and disposal, thereby supporting oily waste can market growth.
- Growing Automotive Sector
The growing automotive sector drives the oily waste can market due to increased used motor oils and lubricants requiring proper disposal. For instance, with the global automotive industry expanding and vehicle ownership rising, the volume of used engine oils has surged. This surge necessitates efficient waste management solutions, including specialized oily waste cans, to handle and dispose of these hazardous materials responsibly, meeting regulatory standards and environmental concerns.
Opportunities
- Increase in Manufacturing Activities
Growing manufacturing activities, especially in metalworking and machinery sectors, lead to substantial oily waste generation. For instance, metalworking industries produce large volumes of used oils and lubricants that require proper disposal. This surge in oily waste drives the demand for efficient waste cans. Companies focusing on innovative, leak-proof designs and enhanced containment solutions can capitalize on this opportunity, meeting the increasing need for specialized waste management products.
- Rising Industrial Equipment Maintenance
Rising industrial equipment maintenance generates considerable oily waste, presenting a market opportunity for efficient disposal solutions. For instance, the automotive and manufacturing sectors frequently require machinery upkeep, leading to increased oily waste. This trend drives demand for specialized waste cans designed to handle such waste effectively, ensuring compliance with environmental regulations and promoting safe disposal practices. As maintenance activities grow, so does the potential for market expansion in oily waste management solutions.
Restraints/Challenges
- High Costs of Recycling Technologies
High costs associated with advanced recycling technologies for treating oily waste pose a significant barrier to market growth. The expense of implementing and maintaining such technologies can be prohibitive, especially for smaller businesses or those with limited budgets. This financial burden can restrict the ability of many companies to invest in effective recycling solutions, ultimately impeding the development of the oily waste can market expansion.
- Lack of Awareness
Limited awareness about the importance of proper oily waste management can significantly hinder market growth. Without widespread understanding of the environmental impact and benefits of effective recycling, there is less incentive for businesses and individuals to adopt appropriate solutions. This lack of awareness leads to lower adoption rates of recycling practices, stalling market development and reducing overall progress in managing oily waste.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Oily Waste Can Market Scope
The market is segmented on the basis of material type, lid type, capacity and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Steel
- Plastic
Lid Type
- Foot Operated Self Closing
- Hand Operated Self Closing
Capacity
- Up to 10 Gallon
- 11 to 15 Gallon
- 16 to 20 Gallon
- Above 20 Gallon
End-user
- Auto Repairs Shops
- Warehouse Facilities
- Construction Site
- Marinas
- Machine Shops
- Printing Operations
- Furniture Refinishers
- Manufacturing Plants
Global Oily Waste Can Market Regional Analysis
The market is analysed and market size insights and trends are provided by country, material type, lid type, capacity and end user as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
Europe is expected to dominate the oily waste can market, driven by stringent safety measures adopted by end-users in the region. This trend of dominance is anticipated to continue throughout the forecast period, as increasing environmental regulations and enhanced waste management practices further bolster Europe's leadership in the market.
North America is projected to show lucrative growth in the oily waste can market due to its significant stake in the oil and fuel sectors. The region's extensive industrial activities and stringent regulations on waste management are driving demand for effective oily waste disposal solutions, thereby boosting oily waste can market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global Oily Waste Can Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Oily Waste Can Market Leaders Operating in the Market Are:
- Eagle Manufacturing (U.S.)
- Justrite (U.S.)
- Hazero (New Zealand)
- TENAQUIP Limited (Canada)
- Shanghai SYSBEL Industry & Technology Co., Ltd. (China)
- VWR International, LLC (U.S.)
- Genex Container Pvt. Ltd. (India)
Latest Developments in Oily Waste Can Market
- In January 2021, Justrite Safety Group acquired National Marker Company (NMC), a Rhode Island-based leader in safety identification products. NMC specializes in signs, tags, labels, lockout-tagout devices, and 5S/lean products. This acquisition expands justrite oily waste can portfolio, enhancing their ability to deliver comprehensive safety solutions while upholding their commitment to safety and environmental protection
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