The food waste management market size is predicted to surge to USD 7.60 billion from 2021 to 2026 at a CAGR of 3.9%.
What is Food Waste Management Market:
When food waste is transferred from landfills to the CHUGG-food waste treatment system, methane emissions are captured and can be used as an energy source. Due to energy offsets given by using food waste as a sustainable source of energy, methane emission is decreased, lowering greenhouse gas.
The market for the management of food waste exhibits great growth potential. One major factor is the expanding use of cutting-edge waste management systems. The use of collection, separation, and treatment of organic waste is encouraged by government campaigns to increase awareness of food waste issues, particularly dangerous gas emissions. To reduce waste-related emissions, policymakers developed suggestions for preventing food waste that are in line with government aims. Additionally, there are a lot of chances due to the fast growing knowledge of the advantages of waste management and technology advancements.
The significant global growth in the food and beverage industry is the main factor driving the global market. Large amounts of food waste are now being produced by hotels, restaurants, and fast-food chains as a result of the growing convenience food consumption of the general population. This calls for the use of food waste management solutions for efficient collection and segregation of food waste at the source level. The expanding global population and individuals’ increased disposable incomes are contributing to this.
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Global Food Waste Management Market: Major Players
Eco Food Recycling
Waste Connection, Inc.
Waste Management Inc.
Covanta Holding Corporation
Advanced Disposable Services Inc
Clean Harbors, Inc.
Biffa Group Limited
Global Food Waste Management: Types
Global Food Waste Management: Applications
As the food industry expands, the market for food waste management is anticipated to rise quickly. Rapid urbanization and industrialization are to blame for the growing usage of organic waste in developing nations to provide fertilizer and animal feed. Consumers are becoming more and more interested in novel cuisines and unusual food products like tropical fruits, specialty coffee, and imported goods. Supply chains have been developed as a result of the increased international trade in food and food ingredients, which has increased food waste and resulted in stricter governmental and food management regulations. These are some of the main elements propelling the market for food waste management forward. The study also recommends business penetration tactics for potential newcomers to the sector. A list of the top manufacturers and distributors active in each of the major regions is also provided in the Food Waste Management industry research report. It is expected that this research and data will give industry participants the tools they need to improve their networks for market penetration and broaden their geographic reach.
Technology for reducing food waste can reduce food loss and enhance food safety. A variety of options are available thanks to advancements in food waste management technology to satisfy the rising need for a controlled environment and rising supply chain hazards. Robotics is utilizing technology to boost output and cut costs. Investors seek out possibilities in innovation that expose them to pure-play stocks across the value chain. Food waste management is necessary for businesses in the hospitality industry, including healthcare organizations, buying groups, and merchants. Market size is increased by initiatives to reduce food waste and enhance organics management practice’s. The expansion of the food waste management is positively impacted by increased associated savings and profitability as well as government incentive programmed for producers, logistics providers, and retailers.