Waste Disposable Units Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Waste Disposable Units Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • May 2021 •
  • 175 pages •
  • Report ID: 6071994 •
  • Format: PDF
Major players in the waste disposable units market are InSinkErator, Waste King, GE, Frigidaire, MOEN, Whirlpool, KitchenAid, Kenmore, Joneca Corporation and Salvajor.

The global waste disposable units market is expected to grow from $11.83 billion in 2020 to $12.32 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%.The growth 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 market is expected to reach $14.12 billion in 2025 at a CAGR of 3%.

The waste disposal units 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.

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.

The focus on environmental issues from many governments and industries remained limited.Governments, especially in developing countries, were more focused on infrastructural development and industrialization.

This lack of focus had a restraining effect on the garbage disposable units market. For instance, the Kyoto Protocol that was aimed at reducing greenhouse gas emissions worldwide, did not result in significant reductions in greenhouse gas emissions as many countries did not agree or stick to targets mentioned in the agreement.

The waste disposal units market covered in this report is segmented by type into garbage disposable units, food waste disposable units. It is also segmented by application into household application, commercial applications.

The waste disposable units manufacturing companies are focusing on innovating advanced environment friendly solutions such as waste-to-energy solutions.The disposers convert the waste into fine particles, which further leads to the formation of biogas.

The generated biogas in the form of biofuel can be used to generate electricity.