Europe Sharps Containers Market Archives - Decision Market Insights

Europe Garbage Truck Market Trends 2023- Industry Share, Revenue, Growth Drivers, Business Challenges, Opportunities and Future Investment Strategy Till 2033: SPER Market Research

The bodies of garbage trucks are essential components of waste management vehicles because they collect and transport waste from different locations—such as residential, commercial, and industrial areas—to disposal sites. These bodies have loading systems, compactors, and hydraulics built into them. They are made of sturdy materials like steel or aluminium. To satisfy different garbage collection needs, they are available in a variety of configurations, including side, front, and rear loaders.

According to SPER market research, ‘Europe Garbage Truck Market Size– By Product Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Garbage Truck Market is predicted to reach USD 1.52 billion by 2033 with a CAGR of 3.82%.

Recent trends in the industry indicate that the development and integration of hydrogen fuel cell technology for garbage collecting vehicles is becoming increasingly important in Europe. The local government and industry participants share the objective of minimising the environmental impact of municipal solid waste. As a result, there is a trend in Europe towards garbage trucks incorporating more hydrogen fuel cell technology, which may lead to a rise in the market for these cars. Refuse collection trucks require a lot of gasoline and energy when collecting trash on a regular basis, which increases carbon emissions. In an effort to reduce their dependency on fossil fuels and the associated harm to the environment, the governments of Central Europe plan to use garbage trucks that run on alternative fuels.

Despite the industry’s many benefits, a number of restraints are expected to impede the growth of the garbage truck market in Europe throughout the course of the forecast period. The growing concern of the world’s democracies is rising carbon emissions. Some industries focus on developing and applying cutting-edge technology to reduce their carbon impact. These include replacing fossil fuels with renewable fuel sources and moving to electric trucks. To attain carbon neutrality in waste disposal, local governments in Europe are employing hydrogen fuel cell and compressed natural gas (CNG)-powered electric trucks. Because fewer IC engines are being used, it has hampered the growth of the garbage truck industry in this region.

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Impact of COVID-19 on Europe Garbage Truck Market

Furthermore, the garbage truck body market was greatly affected by the Covid-19 outbreak. Production and delivery were impacted by worldwide supply chain disruptions caused by limitations on manufacturing, problems with transportation, and shortages of raw materials. Garbage truck body demand was temporarily impacted by lockdowns and decreased economic activity, which resulted in a decrease in waste generation. Improved sanitation and touchless systems have garnered interest as a result of the pandemic’s emphasis on the need of safety and cleanliness in garbage collection. There was a noticeable change in favour of healthcare waste management, which forced garbage truck manufacturers to adjust and start providing specialty bodies. With an emphasis on effective and sustainable waste management techniques, the industry is anticipated to pick up steam as economies improve.

Europe Garbage Truck Market Key Players:

When it comes to adopting sustainable waste management techniques, Europe has been at the forefront. To lessen landfill waste, the area prioritises waste recycling. Due to this, there is a sizable market for garbage truck bodywork, and producers are concentrating on creating effective and environmentally beneficial products. Additionally, some of the market key players are Dennis Eagle, Mercedes-Benz, NTM-GB LTD, Renault, Volvo, Zoeller Kipper GmbH, Others.

Europe Garbage Truck Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Product Type:

· Front Loaders

· Rear Loaders

· Side Loaders

By Application:

· Building & Mining Industry

· Urban Garbage Treatment

By Region:

· France

· Germany

· Italy

· Scandinavia

· Spain

· U.K.

· Rest of Europe

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Europe Garbage Truck Market Growth Opportunity

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Europe Sharps Containers Market Trends 2023- Industry Share, Revenue, Business Challenges, Key Manufacturers, Future Competition and Growth Opportunities Till 2033: SPER Market Research

Medical waste, including hypodermic needles, syringes, catheters, and other sharp objects, can be disposed of properly with sharps containers, also known as sharps bins. Sharps containers are used to dispose of infections, blood samples, broken glass, needles, and syringes that are produced by healthcare organisations, research facilities, and hospital chains. Sharps containers are mainly divided into two categories: single-use, which is disposed of with the waste within, and reusable, which is automatically emptied, sterilised, and then put back to use.

According to SPER market research, ‘Europe Sharps Containers Market Size– By Product Type, By Waste Generator, By Usage, By Waste Type, By Size – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Sharps Containers Market is predicted to reach USD 0.35 billion by 2033 with a CAGR of 5.42%.

Every year, the amount of clinical waste increases due to the increased risk of infections and the prevalence of chronic diseases around the world. Numerous healthcare establishments, such as hospitals, pharmacies, and research labs, produce a lot of medical waste. It is imperative to use caution when handling this waste to protect both the environment and public health. Medical facilities are expected to comply by a number of legislation that European countries have implemented to ensure the safe disposal of medical waste. It is anticipated that these factors would propel the European sharps container market’s expansion. As end users become more aware of the need to appropriately dispose of medical waste, the market share of sharps containers in Europe is expected to grow dramatically. Furthermore, rising syringe usage in France, Germany, Italy, and the UK will help the expansion of the regional market.

However, weight and size limitations are the primary barrier impeding the first aid kit industry’s growth. First aid kits are necessary for a variety of settings and circumstances, including the workplace, outdoor activities, home security, educational institutions, and travel. First aid kits are lightweight and compact, making them ideal for transporting to sporting events, travel, camping, and other activities. However, their small size might make it difficult to keep all the supplies within. Each component of the package is necessary for different Sizes in order to reduce risks associated with injury treatment and accident prevention. Most traditional first aid kits are made of metal, which corrodes over time. Along with the physical risks linked with their other activities, users should be aware of the needs for their first aid kit based on common occupational hazards.

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Impact of COVID-19 on Europe Sharps Containers Market

Furthermore, a decrease in hospital visits due to lockdowns caused by the COVID-19 pandemic severely hampered the expansion of the sharps container industry in Europe. This detrimental effect was exacerbated by variables like decreased visits to healthcare facilities, production and supply chain interruptions, and resource reallocation to necessities. But the decrease in the use of sharps was somewhat countered by the rise in hospital admissions brought on by COVID-19. The market grew rapidly after COVID-19 limitations were lifted and routine healthcare operations resumed. The market was also driven by a rise in the use of injections for COVID-19 vaccines. Although growth was significantly slower in 2022, stable growth is predicted throughout the forecast period.

Europe Sharps Containers Market Key Players:

During the projected period, Germany is expected to make a major contribution to the expansion of the European market. Sharps container use has increased nationwide due to an exponential increase in medical waste disposal knowledge. Strong regulations will also motivate top businesses to invest more money in the area. Because of the increase in home-generated medical waste, the France market is expected to grow strongly. Additionally, some of the market key players are Daniels Sharpsmart Inc., GPC Medical Ltd., Henry Schein, Inc., Stericycle, Inc., Thermo Fisher Scientific Inc., Others.

Europe Sharps Containers Market Segmentation:

By Product Type: Based on the Product Type, Europe Sharps Containers Market is segmented as; Multipurpose Containers, Patient Room Containers, Phlebotomy Containers.

By Waste Generator: Based on the Waste Generator, Europe Sharps Containers Market is segmented as; Academic & Research Institutes, Hospitals, Pharmaceutical Companies, Pharmacies, Other Healthcare Providers.

By Usage: Based on the Usage, Europe Sharps Containers Market is segmented as; Reusable Containers, Single-Use Containers.

By Waste Type: Based on the Waste Type, Europe Sharps Containers Market is segmented as; Infectious Waste, Non-Infectious Waste, Pharmaceutical Waste, Sharp Waste.

By Size: Based on the Size, Europe Sharps Containers Market is segmented as; 1-2 Gallons, 2-4 Gallons, 4-8 Gallons, Others.

By Region: This research also includes data for France, Germany, Italy, Scandinavia, Spain, U.K., Rest of Europe.