Food waste disposal market size is expected to reach

BEIJING, Sept. 1, 2022 (GLOBE NEWSWIRE) — BEIJING-September 022022 (GLOBE NEWSWIRE) – The globe Food waste disposal market The size accounted for 39,547 million USD in 2021 and it is estimated to reach a market size of 64,025 million USD by 2030, growing at a CAGR of 5.7% from 2022 to 2030.

Key highlights of the Food Waste Disposal market report

• The global food waste disposal market was valued at US$39,547 million in 2021, growing at a CAGR of 5.7% from 2022 to 2030.

• The North American food waste disposal market dominated in 2021 with a market share of more than 37%.

• Among the sources, the municipal and household segments occupied more than 40% of the total market share.

• According to the United Nations Environment Programme, around 931 million tonnes of food are wasted every year.

• Increasingly stringent legislation and regulations on greenhouse gas emissions are driving food waste management

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Report Coverage:

According to UNEP, around a third of all food produced worldwide for human consumption – around 1.3 billion tonnes – is wasted or lost every year. Food waste and garbage costs around $680 billion in developed countries and $310 billion in poor countries. Food waste has been increasingly recognized as a serious global environmental problem over the past 10 years. However, poor management of food waste leads to depletion of natural resources, public health problems, pollution of oceans and rivers, greenhouse gas emissions from landfills and landfills, and a missed opportunity to recover valuable energy, minerals, organic matter, and water from wasted food . As a result, sustainable food waste management considers measures to reduce the waste generated before it takes place. Sustainable food waste management includes strategies to limit the environmental and economic impacts of food waste.

Global Food Waste Management Market Dynamics

The size of the global food waste disposal market is primarily supported by significant growth in the food and beverage industries across the globe. The increasing consumption of prepared and packaged food by the general public has led to large amounts of food waste being generated by restaurants, hotels and fast food outlets, necessitating the use of food waste management systems for effective collection and segregation of Food waste required power in the level form. This is supported by the ever-growing world population with increasing individual purchasing abilities. In addition, the increasing amount of food waste being dumped in sprawling landfills has forced governments in several countries to implement proper waste management services at the commercial and residential levels to reduce waste generation at source and increase resource conservation awareness sharpen. Together with the increasing use of biomass for power generation, this bodes well for the growth of the food waste disposal market. The increasing adoption of technological breakthroughs such as autonomous garbage collection, innovative sensor-based technologies, as well as enzyme-based food management services are also driving the market value of food waste management. Other variables affecting the food waste disposal market trends are increasing industrialization and increasing use of biodegradable waste in the manufacture of fertilizers and animal feed.

Also, the food waste disposal market is expected to grow rapidly with the expansion of the food industry. Due to increasing urbanization and industrialization, emerging countries are increasingly using organic waste to produce animal feed and fertilizer. Consumers are increasingly interested in new cuisines and unusual culinary items such as premium coffee, tropical fruits and international goods. The increasing trade in food and food ingredients between nations has led to the formation of supply chain operations, resulting in increased food waste and stricter government and food management regulations. These are some of the major drivers of the food waste disposal market. In addition, extensive research and development efforts and the expansion of market industrialization of various offerings will create new opportunities for the food waste disposal market in the coming decades.

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market segmentation

The global food waste disposal market has been segmented by waste type, process, source and application by Acumen Research and Consulting. By waste type, the market is segmented into Grains, Fruits & Vegetables, Dairy, Fish & Seafood, Meat, Processed Foods, and Others. By process, the market is segmented into aerobic, combustion/combustion, anaerobic and others. By source, the market is segmented into Primary Food Producers, Grocery Retailers & Suppliers, Food Manufacturers, Food Service Providers, Grocery Retailers & Suppliers, and Municipalities & Households. By Application, the market is categorized into Animal Feed, Biofuel, Fertilizer and Power Generation.

Regional outlook for the global food waste disposal market

North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa are the regional classification of the global Food Waste Management Market. According to research by the food waste management industry, Asia-Pacific will be the fastest growing region in the world market in the next few years. This growth can be attributed to rising transport waste in emerging markets such as China, India and Japan. India is one of the world’s leading food producers and contributes to waste generation during consumption, processing, retail and production. In addition, it is predicted that the increasing demand for improved solutions, such as B. gasification for waste treatment, will open up new perspectives for the regional market in the coming years. The government is investing in collaborations with foreign companies that have innovative food waste management technologies. Due to these factors, the Asia Pacific food waste disposal market is expected to grow in the coming years.

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Market players for the disposal of food waste

Some of the leading companies in the food waste market are Veolia Environnement, Waste Management, Inc., Remondis SE & Co. KG, Clean Harbors, Inc., Advanced Disposal Services, Inc., Republic Services, Inc., SUEZ, FCC Environment Ltd ., Stericycle, Inc., Covanta Holding Corporation and Waste Connections, Inc.

Questions answered by this report

• – What was the size of the food waste market in 2021?
• What will be the CAGR of Food Waste Management market during the forecast period 2022 to 2030?
• Who are the major players in the global Food Waste Management market?
• Which region held the largest share of the food waste disposal market in 2021?
• What are the key market drivers of Food Waste Management market?
• Who is the largest end-use market for food waste disposal?
• What will the market value of Food Waste Management be in 2030?

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The globe Frozen packaging market is expected to reach the market value of around $50 billion by 2026 and is expected to grow by a CAGR of around 5.1% based on sales in the forecast period 2019 to 2026

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