How Has the Waste Disposable Units Market Size Evolved in Recent Years?
The waste disposable units market has seen considerable growth due to a variety of factors.
• The market for waste disposal units has seen robust expansion in the recent past. The market is projected to expand from $7.2 billion in 2024 to $7.78 billion in 2025, reflecting an annual growth rate, or CAGR, of 8.1%.
The upward trend experienced previously can be associated with shifts in lifestyle, increased marketing and advertising, heightened environmental consciousness, burgeoning urbanisation, and escalating disposable income.
What Are The Predictions for The Waste Disposable Units Market in the Coming Years?
The waste disposable units market is expected to maintain its strong growth trajectory in upcoming years.
• The market for waste disposal units is projected to witness robust expansion in the upcoming years, boosting its size to $10.29 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%.
This anticipated growth over the forecast period is due to factors such as sustainable and eco-friendly practices, incorporation with smart homes, emphasis on health and hygiene, escalating utilization of waste-to-energy technology, along with customization and aesthetics. The forecast period also underlines significant trends such as silent functioning, compact and space-efficient units, multiple stage grinding, batch feed waste disposers, and features preventing jams and assisting self-cleaning.
Which Drivers Are Accelerating Growth In The Waste Disposable Units Market?
The rapid acceleration of waste output is due to the growth in population and expansion of manufacturing activities in several developing markets. The rise in population, swift urbanization, and escalated consumption driven by increased disposable income will boost the necessity for garbage disposal units. The World Bank estimates that by 2025, the quantity of waste generated every day per individual would touch 1.42 kg. The International Solid Waste Association predicts that worldwide amounts of municipal solid waste will increase by a multiple of 2.37 by 2050.
What Are The Core Segments Of The Global Waste Disposable Units Market?
The waste disposable units market covered in this report is segmented –
1) By Type: Garbage Disposable Units, Food Waste Disposable Units
2) By Application: Household Application, Commercial Application
3) By Sales Channel: OEM, After market
Subsegments:
1) By Garbage Disposal Units: Manual Garbage Disposal Units, Automatic Garbage Disposal Units, Commercial Garbage Disposal Units, Residential Garbage Disposal Units
2) By Food Waste Disposal Units: In-Sink Food Waste Disposers, Standalone Food Waste Disposal Units, Commercial Food Waste Disposal Units, Residential Food Waste Disposal Units
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Which Emerging Market Trends Are Altering The Waste Disposable Units Industry?
Manufacturers of waste-disposal units are prioritizing the creation of innovative, eco-friendly systems such as waste-to-energy technologies. These disposal units transform waste into tiny fragments which then lead to biogas production. This resultant biogas can be utilized as a biofuel to generate power. For example, in July 2023, a groundbreaking $1 bn Waste to Energy plant, which is the world's largest, was inaugurated in Dubai. The newly established waste-to-energy facility embodies an all-inclusive, green waste management approach, embracing international sustainability standards.
Who Are the Key Players In The Waste Disposable Units Market?
Major companies operating in the waste disposable units market include:
• InSinkErator
• Waste King
• General Electric Appliances (GE Appliances)
• Frigidaire
• MOEN
• Whirlpool
• KitchenAid
• Kenmore Appliances
• Joneca Corporation
• Salvajor
• Emerson
• Anaheim
• Soocen Technology
• Apollo Kitchen Equipment
• WasteCare Corporation
• MEIKO Clean Solutions (India) Pvt. Ltd.
• Komptech Americas Ltd
• Hobart Corporation
• Mavitec Group
• Delitek As
• Unistone Electric Company
• Disperator AB
• EnviroPure Systems
• Galley (The Galley)
• FABER
• Sunbeam Products
• Blanco
What Are The Regional Insights Into The Waste Disposable Units Market?
Asia-Pacific was the largest region in the waste disposal units market in 2023. Western Europe was the second-largest region in the waste disposable units market. The regions covered in the waste disposable units market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
