The semantics matter. A lot of game engines use a mark-and-release per-frame allocation buffer. It is temporary throwaway data for that frame's computation. It does not get tracked or freed piecemeal - it gets blown away.
Garbage collection emulates the intent of this method with generational collection strategies, but it has to use a heuristic to do so. And you can optimize your code to behave very similarly within a GC, but the UI to the strategy is full of workarounds. It is more invasive to your code than applying an actual manual allocator.