Waste Disposable Units Market:
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The waste disposal units market consist 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 global waste disposable units market was worth $ 7.7 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 1% and reach $7.98 billion by 2023.
The waste disposable units market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 15% of the market.
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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 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, up from 1.2 kg in 2012. 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 disposible 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 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.
Major players in the market are InSinkErator, Waste King, GE, Frigidaire, MOEN, Whirlpool, KitchenAid, Kenmore, Joneca Corporation, SalvajorWaste Disposable Units Market Global Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global waste disposable units market.
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, Research Newswire, English