The South Korea garbage disposals market has been growing rapidly owing to the need for efficient waste management solutions and stringent government regulations aimed at reducing landfill waste. Garbage disposals help break down food waste in the kitchen and send it through the sewage system, thereby reducing the volume of trash that ends up in landfills. They enable faster and more hygienic disposal of food waste from households and commercial kitchens. Installed either under the sink or as part of the drain system, garbage disposals grind food waste into small particles that can easily pass through plumbing pipes.
The Global South Korea Garbage Disposals Market is estimated to be valued at US$ 28.5 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the South Korea garbage disposals are Ecube Labs, Cambi ASA, Tana Oy, Veolia, Suez Group, Amandus Kahl GmbH & Co. KG, Granutech Saturn Systems, Presona, Delitek AS, and Wooju Enviotech Inc. These players are focusing on developing advanced technologies for efficient waste treatment.
Growing population and rapid urbanization have increased the volume of municipal solid waste in South Korea. This has propelled the demand for modern waste management systems including garbage disposals. The government is also undertaking various initiatives to promote proper waste disposal practices among citizens.
Technological advancements are further enhancing the capabilities of garbage disposals. Advanced disposals come equipped with features like automatic reset buttons, corrosion-resistant materials, and powerful motors for grinding tough waste into ultra-fine particles. Sensor-based models that can sense the amount of waste and automatically adjust performance are also gaining traction.
Market Trends
Incineration - Incineration is gaining popularity as an effective means of reducing the volume of non-recyclable waste in South Korea. Modern incineration plants treat waste at high temperatures to produce ash that can be safely discarded. This has lowered the burden on landfill sites.
Material Recovery - More municipalities are adopting material recovery facilities that separated waste into recyclables and non-recyclables. The recyclable portion is processed further while non-recyclables enter systems like incineration plants or garbage disposals. This improves material circularity.
Market Opportunities
Commercial sector - While household penetration of garbage disposals is significant, the commercial sector including hotels, restaurants, and offices offer major opportunities for growth. Tougher commercial waste management rules will drive installations.
Digital solutions - Advanced IoT-enabled disposals that can be monitored and controlled remotely offer possibilities. Smart apps and AI-based fleet management can optimize commercial waste collection.
The COVID-19 pandemic has significantly impacted the growth of the South Korea garbage disposals market. During the pre-COVID times, the market was expanding at a moderate pace due to increasing awareness about waste management and growing urbanization. However, the outbreak disrupted the supply chain and manufacturing operations, creating several challenges for key players. Many new installations and upgradation projects faced delays due to lockdowns enforced to curb the spread of the virus.
In the post-COVID period, the market is expected to witness renewed growth. As the restrictions get lifted and economic activities resume, the demand for garbage disposals is picking up again. The awareness about health and hygiene has increased significantly during this time. People are more cautious about handling waste and maintain cleanliness in their homes. This will further boost the adoption of efficient garbage disposal systems in the coming years.
The market players need to focus on leveraging digital technologies and developing innovative product features to gain an edge. Offering smart integrated solutions can help attract more customers. Investing in automation and adapting safe manufacturing practices can help restore operations smoothly. Forging strategic collaborations may aid scaling up production and catering to rising demand. Emphasizing onafter-sales service and supportcan strengthen customer relationships.
The Seoul Metropolitan area accounts for over 50% of South Korea's garbage disposals market in terms of value. Being the capital region with high population density and strict waste management policies, it has led adoption of these systems. Busan is another major city concentrated with garbage disposal installations due to its developing commercial and industrial sectors.
Gyeonggi province surrounding Seoul has emerged as the fastest growing regional market with annual growth rate of over 7% during 2018-2021. This can be attributed to surging residential construction activity in the province to accommodate people shifting from the capital region. Cities like Suweon, Yongin and Pyeongtaek are spearheading this growth in Gyeonggi province.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Get more insights on this topic: https://www.ukwebwire.com/south-korea-garbage-disposals-market-is-driven-by-increasing-hygiene-concerns/
Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )
What Are The Key Data Covered In This South Korea Garbage Disposals Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the South Korea Garbage Disposals 's growth between 2024 and 2031.
:- Accurate calculation of the size of the South Korea Garbage Disposals and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- South Korea Garbage Disposals Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of South Korea Garbage Disposals vendors
FAQ’s
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