Market Research Report
Food Waste Management - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||755109|
|Published||Content info||157 Pages
Delivery time: 2-3 business days
|Food Waste Management - Global Market Outlook (2017-2026)|
|Published: November 1, 2018||Content info: 157 Pages||
According to Stratistics MRC, the Global Food Waste Management Markets accounted for $26.86 billion in 2017 and is expected to reach $53.34 billion by 2026 growing at a CAGR of 7.9% during the forecast period. Rise in global food waste, increase in usage of organic waste for the production of animal feed and fertilizers and need for reducing greenhouse gas emissions are the key driving factors for the market growth. However, Landfill and incineration techniques causing adverse effects on the environment are some of the factors hindering the market growth.
Food waste is considered as the one which is removed from the food supply chain, which once was or is fit for human consumption. The wastage of food is mainly caused due to the economic behavior, poor stock management and neglecting the spoilage and expiry date of the food. In the current scenario, food systems are extremely inefficient due to which there is great wastage of food. Reduction of the current level of food waste is accompanied by the better management of the waste which is generated. Food waste management includes various techniques which are responsible for the conversion of food waste into different products.
Based on Process, the aerobic digestion segment accounted for considerable market share during the forecast period. The energy produced through anaerobic digestion is neither dependent on weather nor subject to price fluctuations. Thus, it is considered a lucrative source of energy and effective alternative to fossil fuel. North America is expected to dominate the global food waste management market. Awareness and government regulations about food waste, in major regions like U.S. and Canada has attributed to the growth of the food waste management market. Presence of major players like Waste Management Inc., Republic Services Inc., Stericycle Inc., etc has led to the innovation of different technologies used for the food waste management, which also fuels the growth of the market in North America.
Some of the key players profiled in the Food Waste Management Market include Advanced Disposable Services Inc, Biancamano S.P.A, Biffa Group Limited, Clean Harbors Inc, Covanta Holding Corporation, Eco Food Recycling, FCC Environment, Remondis SE & Co Kg, Republic Services Inc, Rumpke Consolidated Companies Inc, Stericycle Inc, Suez, Veolia Environnement, Waste Connections Inc and Waste Management Inc.
NOTE: Tables for North America, Europe, Asia Pacific, South America, and Middle East & Africa are represented in the same manner above.