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Food Recycling Machine Market: Conversion of Food Waste to Fertilizer Evolves as an Eminent Trend || Key Players: Emerson Electric Co., KCS Engineering, Oklin International, Enic Co Limited , Hungry Giant Recycling
Fact.MR’s recent study on food waste recycling machine market foresees a promising growth, driven by proactive initiatives for fostering environmental sustainability. An amalgamation of pivotal aspects, ranging from launch of legislation around food waste to rising proclivity for recycling activities, is anticipated to underpin growth potential of the market. Global sales of food waste recycling machines are likely to reach 10,890 units in 2018, up from 10,356 units in 2017.
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Shift from landfills to waste-to-energy plants is evolving as a prominent waste management trend, which is offering numerous opportunities for the food waste recycling machine manufacturers.
Sales of food waste recycling machine have remained concentrated in the restaurants industry, driven by efforts to scale up their bottom lines. This buoyancy of restaurants in the food waste recycling machine market continued in 2018 as well, with volume sales likely to exceed 2,500 units. Sales are also complemented by growing adoption in hotels and supermarkets, according to the study.
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The food waste recycling machine market structure consists of a detailed taxonomy, wherein the food waste recycling machine market has been classified by capacity, by region, by sales channel, and by end user. By capacity, the food waste recycling machine market has been classified into 0-50 Kg/Day, 50-100 Kg/Day, 101-300 Kg/Day, 301-500 Kg/Day, 500-1000 Kg/Day, and above 1000 Kg/Day.
Restaurant Industry: A Significant End-User
The restaurant industry is increasingly focusing on adopting sustainable operations, without compromising too much on the bottom-line. Investing in food waste recycling is aligned in the broader plans of the restaurant industry.
The demand for food waste recycling machine in emerging regions is growing at a healthy rate; however, bulk of the sales remain concentrated in China and India. The cost-sensitivity of end-users in emerging regions of Africa and Latin America, combined with lax regulations on food recycling, have meant that sales have remain limited in these markets.
“Large-scale machines, comprising of high power consuming components in their peripheries, are highly likely to witness a substantial decline in demand amid the end-users, posing challenges for the growth trajectory”, Senior Analyst, Fact.MR
Restaurant chains are actively embracing the idea of installing food waste recycling machines. Food waste recycling machines are a more pragmatic solution over landfills, both economically and environmentally.
The competitive landscape in the food waste recycling machine market report offers a deep-dive into the profiles of key players operating in the food waste recycling machine market. Some of the leading players included in the report on food waste recycling machine market include BioHiTech Global, Emerson Electric Co., KCS Engineering, Oklin International, Enic Co Limited, Hungry Giant Recycling, Bhor Engineering Company Limited, Weimar Biotech, IMC WasteStation, and Ridan Composting Ltd.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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