Martial Arts: "Early Entry into the Food Waste Processor Market Needed in 1.4 Billion Population"

[Asia Economy Reporter Park Soyeon] There is a claim that the Chinese food waste disposer market, with a potential worth of approximately 18 trillion KRW, which involves separating food waste generated by China's 1.4 billion population, must be secured.

According to the 'Seize the Green Market in China, Food Waste Disposer Market' report released on the 28th by the Korea International Trade Association Chengdu Branch, China plans to establish a waste separation and disposal system in 46 major cities including Beijing and Shanghai within this year, and to implement the separation system in all 297 provincial and prefecture-level cities by 2025.

In particular, once this system is enforced, food waste, which accounts for 59% of household waste, must be separated into dry waste such as bones and seeds, and wet waste such as food and meat.

However, in areas where people are not yet accustomed to separation or where separation is not implemented, food waste is often disposed of together with other waste, or bones and other items are ground together in food waste disposers and flushed down the drain.

The report stated, "Considering China's recent strong enforcement intentions, including imposing fines for violations of waste separation, these practices are expected to improve rapidly as the policy expands to local areas," and added, "If standards related to food waste disposers are established in line with the policy, significant changes are expected in the food waste disposer market, which has a potential worth of 110 billion yuan."

Unlike China, which only has grinding-type disposers, Korean companies have long been producing various types of disposers such as drying-grinding, grinding, drying, and microbial types, so it is emphasized that they are well-positioned to capture the expanding Chinese waste separation and food waste disposer markets.

Go Beomseo, head of the Korea International Trade Association Chengdu Branch, said, "According to a survey conducted by our branch, the preferred food waste disposal methods among Chinese people were diverse: drying-grinding type (32%), grinding type (26%), microbial treatment type (26%), and drying type (14%)." He added, "Our companies can enter early with a variety of product lines and affordable prices."

This content was produced with the assistance of AI translation services.