Abstract: The present invention is directed to a collapsible container which is movable from a collapsed position having a reduced volume for storage and transport and an expanded position having dimensional rigidity and securely holding the contents of the container. The collapsible container has a plurality of outer wall segments having a side wall with a first and second edge, the outer wall segments being movable from a collapsed position wherein the plurality of outer wall segments are stacked within each other such that the height of the collapsed container is similar to the height of the individual outer wall segments and an expanded position for use of the collapsible container. The outer wall segments are provided with releasable locking means whereby the outer wall segments may be locked one to another in the expanded position and being releasable to allow for the collapsible container to be moved to the collapsed position.