The global waste disposable units market size is expected to grow from $10.21 billion in 2021 to $11.40 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The waste disposal unit market is expected to reach $13.82 billion in 2026 at a CAGR of 4.9%.
What is the Global Waste Disposable Units Market?
The waste disposal units market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out waste disposal. The market consists of sales of electric and nonelectric major household-type waste disposal units by entities (organizations, sole traders and partnerships) which has electrically operated fitment, installed under the kitchen sink, that breaks up food refuse so that it goes down the waste pipe.
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What drives the Global Waste Disposable Units Market?
The waste discharge is increasing rapidly due to population growth and increasing manufacturing activity in many emerging markets. Population growth, rapid urbanization and increasing consumption due to rising disposable income will further increase the demand for garbage disposable units. According to the World Bank, by 2025, the waste volume generated per person per day is estimated to reach 1.42 kg. The International Solid Waste Association has forecasted that globally municipal solid waste volumes will rise by a factor of 2.37 by 2050.
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Global Waste Disposable Units Market Segments
The global waste disposable units market is segmented:
By Type: Garbage Disposable Units, Food Waste Disposable Units
By Application: Household Application, Commercial Application
By Sales Channel: OEM, Aftermarket
By Geography: The regions covered in the waste disposable units market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Waste Disposable Units Global Market Report 2022 provides market size and growth forecasts for the global waste disposable units market, global waste disposable units market share, waste disposable units market segments and geographies, waste disposable units market competitive landscape including leading competitors’ revenues, profiles and market shares. The waste disposable units market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Waste Disposable Units Industry Players include InSinkErator, Waste King, GE, Frigidaire, MOEN, Whirlpool, KitchenAid, Kenmore, Joneca Corporation, Salvajor, Hobart, Emerson, Anaheim, Soocen Technology, and Apollo Kitchen Equipment. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
