Published by Uma Rajagopal
Posted on January 10, 2022
The food waste management market is valued at US$ 61.57 Bn in 2021. The market is projected to grow at a CAGR of 6% through 2027 with a projection value of US$ 82.40 Bn by 2027.
The food waste management market is anticipated to advance at an average growth rate during the forecast period, with a number of factors at play. Manufacturers are focusing on the research and development activities for the development of efficient waste management systems to meet the required standards.
Besides this, an uptick in industrialisation and establishment of companies are likely to hold a positive influence on the growth of the food waste management market during the forecast period. Moreover, growing reliance on the utilisation of organic waste for producing animal feeds and fertilisers is also exerting an influence on the food waste management market.
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The current trend in the food waste management market is to use advanced technology such as gasification for the treatment of wastage, which could unlock new opportunities. The gasification technique boosts the conversion of organic materials into a combustible gas, which requires a strong food waste management system. In addition, anaerobic digestion is yet another recent technological trend that has been practised for recovering energy as well as nutrients. On the flip side, rising concern regarding the impact of landfill techniques on the environment is anticipated to create a roadblock for the food waste management market.
During the COVID-19 crisis, the lockdown was observed in numerous parts of the world. As a result, instances such as expiration, overstocking, overproduction, and inefficient production were low. Some of the industries even stopped their operations, and this led to an imminent impact on the demand for the food waste management market.
After the COVID-19, the food waste management market could witness a spike and recover from the impact of the gloomy market scenario, as industries would commence their operations. In addition, the advent of new technologies and techniques are likely to bring in a revolution in the waste management system market during the forecast period
“Players in the food waste management market could strengthen their positions by introducing services in the rural areas where the concentration of food waste management companies is relatively low.”
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Players in the food waste management market are focusing on technological development to provide advanced services to their customers. Technological innovations help various organizations to collect and segregate food waste at the source level and expedite the food waste recycling process. Some of the recent technological innovations include anaerobic digestion process for treatment of food waste, enzyme-based food management solutions, automated waste collections, and novel sensor based technology for waste management among others.
Competitive Landscape
Some of the leading companies profiled in the FMI’s report include Waste Management, Inc, Advanced Disposal Services, Inc., Republic Services, Inc., Waste Connections Inc., Clean Harbors, Inc., Stericycle, Inc., FCC Environment Ltd., CT Environmental Group Ltd., Veolia Environnement SA, Recology Inc, OzHarvest Ltd., Boulder Food Rescue, Boston Area Gleaners, Inc. Amp Your Good LLC, The Sustainable Restaurant Association Ltd., 412 Food Rescue, Caritas Corporation, City Harvest Ltd., ExtraFood.org and Global Feedback Ltd. By emphasising on the development of innovative technologies, many of the companies are trying to expand their operations in several parts of the world. In addition, companies are increasingly targeting the rural areas as they still lack efficient food waste management systems or solutions.
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Key Excerpts from the Report Include
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
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The food waste management market is valued at US$ 61.57 Bn in 2021. The market is projected to grow at a CAGR of 6% through 2027 with a projection value of US$ 82.40 Bn by 2027.
The food waste management market is anticipated to advance at an average growth rate during the forecast period, with a number of factors at play. Manufacturers are focusing on the research and development activities for the development of efficient waste management systems to meet the required standards.
Besides this, an uptick in industrialisation and establishment of companies are likely to hold a positive influence on the growth of the food waste management market during the forecast period. Moreover, growing reliance on the utilisation of organic waste for producing animal feeds and fertilisers is also exerting an influence on the food waste management market.
Request a Sample Report with Table of Contents and Figures: http://www.futuremarketinsights.com/reports/sample/rep-gb-2749
The current trend in the food waste management market is to use advanced technology such as gasification for the treatment of wastage, which could unlock new opportunities. The gasification technique boosts the conversion of organic materials into a combustible gas, which requires a strong food waste management system. In addition, anaerobic digestion is yet another recent technological trend that has been practised for recovering energy as well as nutrients. On the flip side, rising concern regarding the impact of landfill techniques on the environment is anticipated to create a roadblock for the food waste management market.
During the COVID-19 crisis, the lockdown was observed in numerous parts of the world. As a result, instances such as expiration, overstocking, overproduction, and inefficient production were low. Some of the industries even stopped their operations, and this led to an imminent impact on the demand for the food waste management market.
After the COVID-19, the food waste management market could witness a spike and recover from the impact of the gloomy market scenario, as industries would commence their operations. In addition, the advent of new technologies and techniques are likely to bring in a revolution in the waste management system market during the forecast period
“Players in the food waste management market could strengthen their positions by introducing services in the rural areas where the concentration of food waste management companies is relatively low.”
Discover more about report analysis with figures and data tables, along with the table of contents. Ask for Customization- https://www.futuremarketinsights.com/customization-available/rep-gb-2749
Players in the food waste management market are focusing on technological development to provide advanced services to their customers. Technological innovations help various organizations to collect and segregate food waste at the source level and expedite the food waste recycling process. Some of the recent technological innovations include anaerobic digestion process for treatment of food waste, enzyme-based food management solutions, automated waste collections, and novel sensor based technology for waste management among others.
Competitive Landscape
Some of the leading companies profiled in the FMI’s report include Waste Management, Inc, Advanced Disposal Services, Inc., Republic Services, Inc., Waste Connections Inc., Clean Harbors, Inc., Stericycle, Inc., FCC Environment Ltd., CT Environmental Group Ltd., Veolia Environnement SA, Recology Inc, OzHarvest Ltd., Boulder Food Rescue, Boston Area Gleaners, Inc. Amp Your Good LLC, The Sustainable Restaurant Association Ltd., 412 Food Rescue, Caritas Corporation, City Harvest Ltd., ExtraFood.org and Global Feedback Ltd. By emphasising on the development of innovative technologies, many of the companies are trying to expand their operations in several parts of the world. In addition, companies are increasingly targeting the rural areas as they still lack efficient food waste management systems or solutions.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/2749
Key Excerpts from the Report Include
Related Reports:
Pectin Powder Market: Find insights on the Pectin Powder market with analysis of statistics, segments, players, influencers, and business strategies adopted over a 10-year forecast period.
Citrus Seeds Market: FMI’s report on the Citrus Seeds market provides insights on the market for 2021-2031. The study provides insights on restraining forces, revenue sources, market leaders, and market strategies.
Postnatal Health Supplements Market: An analysis on the Postnatal Health Supplements market with information on opportunities, growth levers, regional markets, restraints, regulatory policies, and strengths of market players.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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