Prominent Shift towards Profitable Applications Cushion Demand for Food Waste Recycling Machine Market during 2018 to 2028 | Key Players - BioHiTech Global, Emerson Electric Co., KCS Engineering, Oklin International, Enic Co Limited, Hungry Giant Recyclin
The Fact.MR research study opines that the demand for food waste recycling machine has taken off in recent years, as a result of challenges associated with traditional composting methods. Rapid gravitation toward minimizing disposal costs and curbing noxious emissions have been identified as key drivers.
Get Free Exclusive PDF Sample Copy of This Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2266
Restaurants to Stay at the Forefront of Demand as Enhancing Profitability Gains Momentum
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.
North America maintains its lead as the largest food waste recycling market, with volume sales set to surpass 3,000 units in 2018. Attempts to foster recycling activities have taken off at the federal level in the U.S. and Canada, in the wake of a huge ratio of food wastage per capita. APEJ and Europe are likely to be the second and third most attractive market, owing to sweeping concerns for efficient food waste management, estimates the research study.
The food waste recycling machine market has a wide-spread presence of small and unorganized players, with consolidation of regional presence being their key strategic lever. The top 5 players hold around 20% of the revenue share and are focused on commercialization of small capacity machines, especially 0-50 kg/day’ and ’50-100 kg/day’. These players are focusing on new product development and facility expansion in a bid to retain their buoyancy in the market space, finds the report.
For more information on this report, please visit: https://www.factmr.com/report/2266/food-waste-recycling-machine-market
Manufacturers to Thrive on Untapped Opportunities with Value-based Offerings
The manufacturers of food waste recycling machine are focusing on fostering their foothold with value-based offerings, unveils Fact.MR study. For instance, Whirlpool introduced ‘Zera Food Recycler’, which converts the food scraps into organic fertilizers in a time span of 24 hours. This offering has been introduced with the pervading trend of converting food waste into reusable commodities.
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
The Fact.MR research study analyzes the growth of food waste recycling machine market for the period of 2018 to 2028. As per the report, the market is likely to proliferate at a CAGR of 7.1% through 2028.
Make Enquiry Before Buying the Report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=2266
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.
11140 Rockville Pike
Rockville, MD 20852
Read Industry News at - https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Prominent Shift towards Profitable Applications Cushion Demand for Food Waste Recycling Machine Market during 2018 to 2028 | Key Players - BioHiTech Global, Emerson Electric Co., KCS Engineering, Oklin International, Enic Co Limited, Hungry Giant Recyclin here
News-ID: 1750985 • Views: 538
More Releases from Fact.MR
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
More Releases for Sales
Biochips Market Sales Volume, Sales Price, Sales Revenue Analysis
The global biochips market was valued at US$ 7,026.4 million in 2016 and is expected to witness a robust CAGR of 16.2% over the forecast period (2017 – 2025). Biochips are miniaturized laboratories, which can perform simultaneous biochemical reactions. On the basis of functionality, biochips are classified as DNA chips, protein chips, lab-on-a-chips, and tissue and cell arrays. DNA chips, biochips or DNA microarrays consists of a microscope slide made of
Insulin Pumps Market Sales Volume, Sales Price, Sales Revenue Analysis
Insulin pump is a portable device attached to the body that continuously delivers preset amounts of short or rapid acting insulin in the body to control diabetes. Insulin therapy is required in type 1 diabetes and sometime in type 2 diabetes. It serves as an effective alternative to insulin injections. Furthermore, insulin pump delivers the insulin according to the need of body as basal rate, where small amount of insulin
Insurance Business process outsourcing (BPO) means to contract certain business functions to specialized outsourcing service providers. These service providers assist insurance carriers to cut down overall costs, that enhances the efficiency and productivity of the firm. It can be defined as delegating one or more business activities to external companies (vendors), which, in turn, administer and manage the selected activity, based on defined and measurable performance criteria. It helps clients
Global MOSFET Sales Market
“Global MOSFET Sales Market Report" is an expert and in-depth analysis of key business and future development prospects, key determinants and restrictions, profiles of major market players, segmentation and forecasting. The study offers a comprehensive qualitative analysis of the industry's growth parameters, the current state of the market in terms of analysis of key economic situations and macroeconomic analysis. The analysis highlights the growth opportunities of key market segments along
Lynxus releases Total Wireless Solution for the lighting industry. Magtech Industries, a Power Supply manufacture and market leader specializing switch mode power conversion, announced the launch of the Lynxus Wireless Solutions, for the IoT. Lynxus Wireless is based in lighting control and has thousands of real-world applications that will deliver value to their customers. As of date, Lynxus has emerged as the only complete solution for lighting control in
abas ERP sales boom
Production-, manufacturing-, distribution companies, and automotive suppliers, selected abas ERP to move towards an economic recovery Karlsruhe, Germany, January 04th 2011 – The IFO Business Climate Index confirms that business development in many industries is again rapidly increasing. In comparison to 2009, ABAS has again seen a significant rise in sales. Especially mid-market custom manufacturers and automotive suppliers seeking technological and organizational changes while moving towards an economic recovery and increasing