Food Waste Management Market Statistical data

Food Waste Management Market Research Report- Forecast to 2023

Food Waste Management Market Research ReportForecast to 2023

Food Waste Management Market Research Report- Forecast to 2023

Market Highlights: The global food waste management market is growing continually mainly due to the rapidly spreading awareness about waste management and the technological advancements that are increasingly providing solutions for waste management. Management of food waste also delivered some unique advantages such as the generation of electricity, biogas/ natural gas, and compost fertilizers while creating a healthy environment to live. These advantages have further escalated the market on the global platform.

Large amounts of food waste coupled with the lack of land resources creates a situation where the capacity to treat the waste falls short, polluting the environment including air and water. This further promotes the demand for developing the landfills to make a proper residential area to live with a healthy environment.

With the help of anaerobic digesters filled with bacteria that can break down the material produce biogas containing methane which is further used to produce electricity. Besides, some amount of the biogas can also be converted into compressed natural gas to be used in vehicles as a cleaner biofuel.

Furthermore, government initiatives are acting as a dominant driving force for the market growth, increasingly spreading awareness towards the advantages of saving food resources, adopting food waste management. As a result, the food waste management market is increasingly garnering traction, worldwide.

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Key Players: Some of the eminent leaders of the market include Republic Services, Inc. (U.S.), Andritz Ag (Austria), Veolia Environnement S.A. (France), Waste Connections, Inc. (Canada), Waste Management, Inc. (U.S.), Stericycle, Inc. (U.S.), and Covanta Holding Corporation (U.S.).

Food Waste Management Market Research Report- Forecast to 2023

Regional Analysis: The Asia Pacific region, on the other hand, is rapidly emerging as a lucrative market for food waste management, globally. The improving economy is doing wonders in the already flourishing sectors of F&B and food processing in the region. Besides, the ever-increasing population and rapid urbanization along with the increased investment in food waste management support the market growth in the region.

Market Segmentation: •

By Processes

•

By Food Waste Types

: Anaerobic Digestion, Aerobic Digestion, Combustion and others. : Processing Waste, Production Waste, Distribution and Supply Chain

Waste, Retail Waste and Consumption Waste (household and food services). •

By End Users

: Fertilizer, Renewable Energy, Animal Feed, Biofuels and others.

•

By Regions

: North America, Europe, APAC, and the Rest-of-the-World.

Industry/ Innovation/ Related News: October 03, 2018 – BioHiTech Global, Inc. (US), a leading technology and services company providing costeffective and sustainable waste management solutions, announced the results of an independent Life Cycle Assessment (LCA) of its aerobic digester solution for food waste conducted by the Department of Civil and Environmental Engineering at the University of Delaware. The results clearly confirmed that its aerobic digester technology is an environmentally friendly alternative to the other means studied in the assessment, specifically the disposal of food waste followed by the release of the effluent to the sewer is an environmentally favorable pathway.