Press release
Garbage Disposable Units Market Poised to Hit $4.4 Billion by 2029 with Accelerating Growth Trends
Garbage Disposable Units
Garbage Disposable Units Market Size Growth Forecast: What to Expect by 2025?
A slight decrease has been observed in the market size of garbage disposal units over the past few years. However, it is projected to increase from "$3.94 billion in 2024 to $3.93 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of -0.3%. The expansion previously seen during the historic period owes to factors such as concern for the environment, the need for convenience and hygiene, accelerating urbanization, enhanced consumer consciousness, and advancements in plumbing infrastructure.
How Will the Garbage Disposable Units Market Size Evolve and Grow by 2029?
The market for garbage disposal units is predicted to experience consistent expansion in the coming years, aiming to reach a value of $4.4 billion by 2029 with a compound annual growth rate (CAGR) of 2.8%. The predicted growth during the forecast period can be credited to factors such as sustainability and waste minimization, objectives to reduce food waste, incorporation with smart homes, house renovation, and enhancements. Noteworthy trends in the forecast period encompass smart and IoT-integrated units, air quality and smell control, grinding technology developments, usage of sustainable materials, and extended producer responsibility (EPR).
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What Drivers Are Propelling the Growth of Garbage Disposable Units Market Forward?
The rise in waste output is accelerating rapidly as a result of population expansion and heightened production activities in numerous developing markets. The demand for waste disposal units will continue to grow due to population growth, swift urbanisation, and the rise in consumption caused by increased disposable income. The World Bank anticipates that by 2025, each individual will generate an estimated 1.42 kg of waste per day. The International Solid Waste Association predicts that worldwide municipal waste volumes will increase by a factor of 2.37 by 2050.
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Which Emerging Trends Are Transforming the Garbage Disposable Units Market in 2025?
Leading businesses in the garbage disposal unit sector are gaining a competitive edge by incorporating innovative technologies such as the EZ Installation Technology into their products. This technology streamlines the installation of garbage disposals, negating the need for any unique tools or complicated techniques. For example, in September 2023, InSinkErator, a U.S.-based garbage disposal unit producer, launched the EZ Installation Technology as a part of their next-generation garbage disposals. This new line also includes the company's revamped MultiGrind and SoundSeal Technology, allowing for a quieter and more efficient operation. These redesigned garbage disposals are capable of handling more types of food waste and do so silently, presenting a more eco-friendly approach to kitchen waste management.
What Are the Key Segments in the Garbage Disposable Units Market?
The garbage disposable units market covered in this report is segmented -
1) By Product Type: Continuous Feed, Batch Feed
2) By Waste Type: Cereals, Dairy Products, Fruits and Vegetable, Meat, Fish and Sea Food, Processed Food, Other Waste Types
3) By Application: Residential, Commercial
Subsegments:
1) By Continuous Feed: Standard Continuous Feed Garbage Disposals, High-Speed Continuous Feed Garbage Disposals, Commercial Continuous Feed Garbage Disposals, Household Continuous Feed Garbage Disposals
2) By Batch Feed: Standard Batch Feed Garbage Disposals, High-Efficiency Batch Feed Garbage Disposals, Commercial Batch Feed Garbage Disposals, Household Batch Feed Garbage Disposals
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Who Are the Key Players Shaping the Garbage Disposable Units Market's Competitive Landscape?
Major companies operating in the garbage disposable units market include Emerson Electric Co, Fortune Brands Home & Security Inc., Whirlpool Corporation, Illinois Tool Works Inc., Joneca Corporation, Salvajor Co, Electrolux AB, Western Industries Plastic Products LLC, Sears Brands LLC, Haier Group Corporation, Frigidaire Appliance Co, MOEN Incorporated, GE Appliances, KitchenAid, InSinkErator, Waste King Ltd., Anaheim Manufacturing Co, Franke Holding AG, Hobart Corporation, Kenmore, Becbas, Midea Group, Greenfly Co Limited, Republic Services Inc., Remondis Group, Aqua Enviro Limited, Carbonzero, FOODLINK FORUM, Clean Harbors Inc., Stericycle Inc.
What Geographic Markets Are Powering Growth in the Garbage Disposable Units Market?
Asia Pacific was the largest region in the garbage disposable units market in 2024. The regions covered in the garbage disposable units market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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