Forecast and Analysis of the Global Food Waste Management Market, 2023-2030

As per Triton Market Research's report, the global food waste management market, which gained $40552.16 million in 2022, is expected to progress with a CAGR of 5.66% during the forecast period 20232-2030.

A recent study by Triton Market Research titled 'Global Food Waste Management Market' includes the Global Analysis and Forecasts by Service (Recycling [Animal Feed, Power Generation, Fertilizers, Biofuels], Disposal, Collection), Source (Food Distributors and Suppliers, Primary Food Producers, Municipalities and Households, Food Manufacturers, Food Service Providers), Waste Type (Processed Food, Dairy & Dairy Products, Meat, Poultry & Seafood, Cereals, Fruits & Vegetables, Other Waste Types), and Regional Outlook (Latin America, Asia-Pacific, Europe, Middle East and Africa, North America).

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Given the rise in world population, the demand for food has soared in recent years. This has also led to increased food wastage, leading to health issues, environmental harm, and landfill expansion. The food waste management system emerges as an ideal solution to regulate food waste.

As per Triton's research report, the global food waste management market is set to garner revenue worth $63315.54 million by 2030, growing at a CAGR of 5.66% during the forecast period 2023-2030.

The market's growth is prompted by factors such as increasing global waste levels, increasing emphasis on limiting GHG emissions, and surging use of organic waste. Organic food waste is considered highly beneficial in fertilizing soil, providing micronutrients and macronutrients.

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Furthermore, it reduces the need for chemicals to prevent plant diseases, which promotes healthy crop growth. As stated above, these factors expand the breadth of the food waste management industry.

However, the negative environmental impact of waste processing methods and inefficient food waste collection systems stifles the global expansion of the food waste management market.

Waste type, source, and services comprise the three segments of the food waste management market. The components that comprise the service section include recycling, disposal, and collection. In addition, fertilizers, biofuels, electricity production, and animal feed are all part of the recycling sector. The source states that it is separated into five groups: food manufacturers, food distributors and suppliers, households and municipalities, primary food producers, and service providers. Lastly, the waste type area is divided into the following categories: cereals, fruits and vegetables, meat, poultry, and fish, processed foods, dairy and dairy products, and miscellaneous garbage.

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The market for food waste management is dominated by North America. The increase of food waste in the US and Canada is driving the market's expansion. An estimated 126 million tons of food waste are produced in the United States.

The world's highest per capita rate of food waste is thought to be in the United States. In response, the government has introduced several initiatives to reduce and control food waste, which has raised the need for waste management systems. Therefore, it is anticipated that these advancements would present fresh chances for the food waste management sector.

FCC Environmental Services, Clean Harbors Inc, Casella Waste Systems Inc, Cleanaway Waste Management Limited, GFL Environmental Inc, Suez SA, Waste Management Inc, Veolia, Republic Services Inc, and Waste Connections Inc are major companies in the food waste management market.

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Question & Answer: Food Waste Management Market

Question 1: What factors prompt the growth of the food waste management market?
Answer: The market's growth is prompted by factors such as increasing global waste levels, increasing emphasis on limiting GHG emissions, and surging use of organic waste. Organic food waste is considered highly beneficial in fertilizing soil, providing micronutrients and macronutrients.

Additionally, it decreases the need for chemicals to control plant diseases, supporting healthy crop development. Thus, as stated above, these factors widen the scope of the food waste management market.

Question 2: What aspects impede the expansion of the food waste management market?
Answer: The harmful environmental impact of waste processing methods and inefficient food waste collection systems impedes the global expansion of the food waste management market.

Question 3: Which region dominates the food waste management market?
Answer: North America dominates the food waste management market. The market's growth is fueled by the rise in food waste in the US and Canada. As per estimates, around 126 million tons of food waste is generated in the US. The estimated per-capita food wastage in the US is the highest globally. This has prompted the government to implement various programs to reduce and manage food wastage, resulting in high demand for waste management systems. Hence, such developments are estimated to create opportunities for the food waste management market.

Question 4: Which are the major companies in the food waste management market?
Answer: FCC Environmental Services, Clean Harbors Inc, Casella Waste Systems Inc, Cleanaway Waste Management Limited, GFL Environmental Inc, Suez SA, Waste Management Inc, Veolia, Republic Services Inc, and Waste Connections Inc are major companies in the food waste management market.

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GLOBAL E-WASTE MANAGEMENT MARKET
https://www.tritonmarketresearch.com/reports/e-waste-management-market

According to Triton Market Research, the global e-waste management market is estimated to advance at a CAGR of 12.45% in terms of revenue and 5.55% in volume during the forecast years from 2021 to 2028.

Factors such as reduction in electronic devices' lifespan, scarcity of precious metals, and high rate of obsolescence drive the studied market's growth. However, increased recycling costs and fewer e-waste collection zones, reduction in workforce, and illegal export of e-waste restrict the e-waste management market's expansion.

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