Food Waste Management Market To Reach USD 52195.6 Million By 2026
Market Summary: Increasing wastage concerns around the globe, increasing consumption of processed products, and rising use of organic wastes for animal feed and fertilizer production are key factors contributing to the high CAGR of this industry during the forecast period. Market Size – USD 34145.7 Million in 2018, Market Growth - CAGR of 5.4 %, Market Trends– Rising renewable energy demand, and need for reducing green-house gas emission. According to the current analysis of Reports and Data, the global Food Waste Management market was valued at USD 34145.7 Million in 2018 and is expected to reach USD 52195.6 Million by the year 2026, at a CAGR of 5.4%. Accumulation of food wastage is becoming a critical problem worldwide. Further key findings from the report suggest : • Globally, about 50% of wastes are sent to landfills while 13 to 33% of wastes are still being openly dumped in lower and middle-income countries. • Anaerobic digestion process helps reduce methane emissions from rotting food in open dumps. It also prevents the emission of carbon dioxide and carbon black by substituting traditional fuel like firewood, charcoal, and dung cakes with biogas. • Biofuels like biodiesel and bioethanol are produced in large quantities. Edible plant oils like soybean, grapeseed, and canola oils are used for manufacturing biodiesel. www.reportsanddata.com
Key participants : Veolia Environment, Suez, Waste Management Inc., Stericycle Inc., Waste Connection Inc., Clean Harbors Inc., Advanced Disposable Services, Remondis SE & Co Kg, Biffa Group Limited and Republic Services Inc. among others Segmentation: • Type of Waste Outlook (Revenue in Million USD; 2016–2026), Fruits & vegetables, Dairy products, Cereals, Meat, Fish & seafood, Oilseeds & pulses, Processed foods, Coffee grounds & tea • Process Outlook (Revenue in Million USD; 2016–2026), Aerobic digestion, Anaerobic digestion, Incineration/ combustion, Others • Application Outlook (Revenue in Million USD; 2016–2026), Animal feed, Fertilizers, Biofuel, Power generation • Source Outlook (Revenue in Million USD; , 2016–2026), Primary food producers, Food manufacturers, Food distributors & suppliers, Food service providers, Municipalities & households
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Regional Outlook for Food Waste Management Market analyzes the following geographies ◦ North America (United States, Canada, and Mexico) ◦ Europe (Germany, France, UK, Russia, and Italy) ◦ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◦ South America (Brazil, Argentina, Colombia, etc.) ◦ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
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The report emphasizes the following key questions: ◦ Q.1. What are the most lucrative and promising growth prospects for the market? ◦ Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? ◦ Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? ◦ Q.4. Which factors are impacting the future of the market and what are the driving factors? ◦ Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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