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.
Segmentation Analysis
MRFR has segmented its analysis into four key dynamics for enhanced understanding.
By Processes: Anaerobic Digestion, Aerobic Digestion, Combustion and others.
By Food Waste Types: Processing Waste, Production Waste, Distribution and Supply Chain Waste, Retail Waste and Consumption Waste (household and food services).
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Global Key Players and Competition Analysis
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.).
Regional Demand
The European region accounts for the second-largest market for food waste management, globally. The market is expected to acquire approximately 25% of the market share during the review period (2018-2023). The Europe FWM market is surging owing to the contributions from the countries such as the UK, Germany, Italy, and France. Growing number of restaurants coupled with the surging food processing industry mainly in France & Italy is expected to support the market growth in the region.
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Industry/ Innovation/ Related News:
October 03, 2018 – BioHiTech Global, Inc. (US), a leading technology and services company providing cost-effective 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.
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