EdTech is fastest growing segment fueling the growth of Garbage Disposals Market

The global Garbage Disposals Market is estimated to be valued at US$ 3,061.01 Mn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Garbage disposals, also known as food waste disposers or in-sink-erators, efficiently grind food waste into small pieces that can pass through plumbing pipes for disposal. They help reduce waste volume and keep drains clean, preventing clogs and odours.

Market key trends:

One of the key trends driving the growth of the garbage disposals market is the shift towards energy-efficient and sustainable waste management solutions. Garbage disposals allow food waste to be recycled through the sewer system, reducing the volume of waste sent to landfills. They cut down on methane emissions from decomposing food and also reduce the need for garbage collection and transportation. Product manufacturers are developing innovative technologies to make garbage disposals more powerful yet energy efficient.

Segment Analysis

The garbage disposals market can be segmented based on technology, application, and end-use. Based on technology, the magnetic drive segment holds the largest share as they are more efficient and produce less noise. Magnetic drive disposals have stronger motors that grind food waste more finely.

Based on application, the residential segment dominates the market as disposals are widely used for food waste disposal in household kitchen sinks. The commercial segment is also growing due to rising adoption in restaurants, hotels, and other food service establishments.

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 rising construction activities globally.

Regional analysis – North America dominates the market holding over 35% share due to high construction and renovation activities in the US and Canada. The Asia Pacific region is expected to grow the fastest due to rising middle-class population and their increasing spending on home appliances in countries like India and China.

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, Salvajor, Electrolux AB, Western Industries Plastic Products LLC., Sears Brands, LLC, and Haier Inc., Waste King, and Frigidare. Key players are focusing on new product launches and mergers to gain higher market shares. For instance, in 2022, Emerson launched a series of quiet and stainless-steel garbage disposals to enhance design and performance.

Read More :  https://www.insightprobing.com/rising-emphasis-on-waste-management-to-boost-growth-of-the-garbage-disposals-market/

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