Garbage Disposals Market

Garbage Disposals Market - Size, Share, Outlook,
and Opportunity Analysis, 2018-2026
Garbage disposals are environment friendly and the end product produced after the
processing of waste is further used in the form of biofuels, which is an added
advantage of the disposal units. It is used for commercial and residential
applications. Garbage disposals are further segmented on the basis of their product
type as continuous and batch feed disposals.
The waste generated from garbage disposals is further treated in wastewater
treatment plants and the leftover grit/solid remains are used as fertilizers. This
method is opted over the conventional dumping/burning of garbage, as it also allows
to use the residual wastage.
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In-sink disposers convert food waste into fine particles, in the form of slurry. This
slurry passes through the plumbing system to reach septic tank and a process called
anaerobic digestion transforms the waste into end products such as biogas. This
biogas can be used in the form of fertilizers or biofuel to generate electricity.
The use of garbage disposals reduces carbon footprints more efficiently as
compared to conventional methods of disposing food waste on the landfills, which
produces methane gas. Methane gas traps heat from the surrounding and releases a
liquid acidic residue, which seeps into the ground water to pollute water reserves.
Moreover, conventional methods of garbage disposals coupled with foul smell from
trash bins and soot from burning garbage in the environment lead to various health
hazards such as dengue, malaria, asthma, and respiratory illnesses.
Therefore, above mentioned factors are expected to drive market growth for the
garbage disposals resulting in its high demand during the forecast period.
The global garbage disposals market was valued at US$ 7.518.75 million in 2017,
and is anticipated to register a CAGR of 1.19% in terms of revenue, over the forecast
period (2019 – 2026), to reach US$ 8,297.43 million by 2026.
Asia Pacific is the fastest growing region and held the highest CAGR among the
regions segment during the forecast period (2019-2026), owing to the rapid
economic growth of countries such as India and China. For instance, India is
witnessing inefficient waste infrastructure and increasing rates of solid waste
generation per capita. According to the statistics published in the Assocham
Conference on 5th national conference and awards on waste to wealth, India alone
generates more than 100,000 metric tons of solid waste per day. Therefore, the
demand for garbage disposals in APAC is expected to increase during the forecast
period.
Major players operating in the global garbage disposals market include, Emerson
Electric Co., Fortune Brands Home & Security Inc., Whirlpool Corporation, Illinois
Tool Works Inc., Joneca Corporation, Salvajor, Electrolux AB, Western Industries
Plastic Products LLC., Western Industries Plastic Products LLC. Sears Brands, LLC,
and Haier Inc.
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Garbage Disposals Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

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