According to IMARC Group’s latest report, titled “Food Waste Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global food waste management market grew at a CAGR of around 5% during 2015-2020. Food waste management primarily includes numerous procedures that are adopted for the proper disposal of food waste. It involves waste prevention, collection, treatment, recovery, transportation, and recycling of food waste. The disposal techniques under food waste management programs comprise of landfills, composting, and anaerobic digestion for waste reduction and minimized carbon emissions. Food waste management solutions are widely adopted for agricultural, dairy food, poultry, and seafood processing waste.
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The growing number of hotels, restaurants, fast-food joints, etc., that generate large volumes of food waste is primarily augmenting the market growth. Additionally, the rising adoption of waste management solutions for effective collection and segregation of food waste at the source level is further propelling the global market. Furthermore, several government bodies are launching innovative measures for reducing the dumping of food waste in open landfills. The introduction of several awareness programs for food waste recycling is also driving the market for food waste management. In the coming years, the increasing utilization of food waste for biomass-based energy generation will continue to drive the market growth on a global level. Looking forward, IMARC Group expects the global food waste management market to exhibit moderate growth during the next five years.
Competitive Landscape with Key Players:
- Clean Harbors Inc.
- Covanta Holding Corporation
- FCC Environment (UK) Limited
- Hulsey Environmental Services Inc.
- Remondis SE and Co. KG
- Republic Services Inc.
- Stericycle Inc.
- Suez (Sofina)
- Veolia and Waste Management Inc.
Breakup by Waste Type:
- Dairy Products
- Fruits and Vegetables
- Fish and Sea Food
- Processed Food
Breakup by Process:
- Aerobic Digestion
- Anaerobic Digestion
Breakup by Source:
- Primary Food Producers
- Food Manufacturers
- Food Distributors and Suppliers
- Food Service Providers
- Municipalities and Households
Breakup by Application:
- Animal Feed
- Power Generation
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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