by The Garbage Disposals Market is estimated to be valued at US$ 3061.01 Mn in 2023 and is expected to exhibit a CAGR of 15.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Garbage disposals are appliances installed under the kitchen sink to grind food waste into small particles that can pass through plumbing pipes. They help reduce clutter in garbage bins and facilitate easy dumping of waste. Common garbage disposal products include continuous feed, batch feed, and dry grind disposals. Continuous feed disposals allow grinding of food waste continuously with an on/off switch, while batch feed disposals require loading waste in batches. Dry grind disposals are capable of grinding non-food items such as small bones and eggshells.
Market Dynamics:
Growing environmental concerns and emphasis on sustainable waste management are driving the adoption of garbage disposals. By grinding food into small particles, these appliances help reduce the volume of garbage sent to landfills. This provides an eco-friendly solution for disposal of biodegradable kitchen waste. Furthermore, rising disposable incomes and changing lifestyles are fueling home renovations and kitchen upgrades worldwide. This is increasing the installation of modern appliances such as garbage disposals. The market is also witnessing increasing demand for continuous feed disposals as they offer convenience by allowing continuous grinding of waste. However, high installation and maintenance costs remain a key challenge restricting rapid market growth.
Segment Analysis
The garbage disposals market is dominated by continuous-feed disposals segment owing to its ability to grind both soft and hard food waste efficiently as compared to batch-feed disposals that can only grind soft food waste. Continuous-feed disposals have an always-on grinding mechanism that stops only when the sink drain is clogged or overflowing.
PEST Analysis
Political: Regulations around waste management and landfilling are becoming stricter globally which is driving the adoption of garbage disposals that convert food waste into water.
Economic: High and rising disposable incomes are allowing consumers to invest in kitchen appliances like garbage disposals for convenience.
Social: Younger generations and dual-income households prefer solutions that reduce time spent on chores like sorting food waste which is boosting the demand.
Technological: Advancements are aimed at improving grinding efficiency and durability of motors and cutting mechanisms to deliver better performance. Touchscreen controls and sensor-based automatic operation are gaining traction.
Key Takeaways
The global Garbage Disposals Market is expected to witness high growth, exhibiting a CAGR of 15% over the forecast period, due to increasing urbanization and changing lifestyles. The market size for 2023 is estimated to be US$ 3,061.01 million.
Regional analysis: North America accounts for the largest share of over 35% of the global market due to stringent laws around food waste management and high consumer awareness. Asia Pacific is expected to witness the fastest growth due to rising income levels and shifting preferences in countries like China, India and Indonesia.
Key players: Key players operating in the garbage disposals market are Emerson Electric Co., Fortune Brands Home & Security Inc., Whirlpool Corporation, Illinois Tool Works Inc., Joneca Corporation, and Western Industries Plastic Products LLC. Emerson Electric leads with over 20% market share owing to its wide product range and global distribution network.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
