Organic Waste Market Poised to Hit USD 53.46 Billion by 2030

Organic Waste Market is on a path to grow significantly, due to the rising environmental issues resolution initiatives, technological improvements and government support. With rapid urbanisation and increasing industrial activities, there is an urgent need to mitigate organic waste sustainably.

Market estimation, drivers and opportunities for growth

As per the latest analyses the organic waste market is predicted to be USD 39.02 billion in 2023 rom USD 53.46 billion by 2030, at a CAGR of 4.6% during the forecast period.

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This growth is largely driven by a few factors:

Environmental Issues: Increasing consumer awareness of environmental problems, as well as industries focusing on sustainability, is likely to drive the benefit of organic waste recycling and management services.

Tech Medium: Improvements in waste treatment technology, including developments in anaerobic digestion and composting, make it possible for organic waste processing to be effective and profitable.

Regulatory Initiatives: Stringent regulations imposed by governments across the globe to curb landfill disposals and encourage recycling, provide a positive impetus for the market growth.

2024: U.S. market trends and investments in the state of art

The U.S. organic waste sector had some major trends and investments in 2024:

Infrastructure Development - While some companies like Starbucks are piloting compostable cups and have made commitments for complete compostability by 2030, we are facing a shortage of composting infrastructure in the U.S. with only ~3% of the U.S. having access to industrial composting. It also highlights that in order to meet environmental objectives, huge amounts of money need to be spent on composting infrastructure.

Commercial Organics Recycling Law in Connecticut requires businesses producing more than 26 tons of organic waste annually to separate it from landfills and send it to composting or anaerobic digestion facilities. This regulation reflects the trend around increasing legislation for sustainable waste management practices.

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Market Segmentation: Active Segments

There are two segments of the organic waste market: type and source.

Cooked food and kitchen waste are the largest segments by the type, being supported by rising food preparation in the houses, hotels, and restaurants.

Human Activities are the major source of origin of organic wastes such as biodegradables like plastics, food wates, green wastes, paper wastes, manures, human wastes, sewage and slaughter house waste.

Market Leaders: Competitive Analysis of Key Companies

The organic waste market includes a few key players:

Veolia Environement S.A.: A major player in optimized resource management, Veolia provides local waste management services such as waste collection, recycling and treatment. The company constantly engages in the development of new high efficient technologies for the purpose of bettering existing waste processing.

SUEZ Environement Company: SUEZ Environement is a worldwide leader in water and waste management solutions, providing a diverse range of sustainable resource management solutions. Reloop - Reloop works to develop circular economy models that reduce waste and increase recovery of resources.

Waste Management, Inc: Waste Management, Inc. is the largest provider of waste management services in North America, offering collection, transfer, recycling, and resource recovery services. The company is focused on reducing the impact on the environment and has generated consistent revenue growth, which is expected to increase.

Republic Services, Inc.: A US based company Republic Services provides non-hazard solid waste collection, recycling, and disposal services. That is the commitment of the company related to sustainability and eliminating greenhouse gas emissions through different initiatives that have been executed.

Covanta Holding Corporation: Covanta is a leader in sustainable waste management and renewable energy, providing energy-from-waste and industrial waste management services. By converting waste into energy the company is reducing landfill use and greenhouse emissions.

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Regional Overview - Attention on Main Hubs

The organic waste market has different dynamics in different regions.

United States: With growing environmental consciousness and favorable government legislation, the U.S. market is on the rise. But the lack of composting infrastructure limits the true potential of recycling organic waste action.

UK: In the UK, government policy seeks to recycle as much organic waste as possible, and most of the nation has access to a seasonal food-waste collection service for homes and businesses. Such initiatives are meant to minimize landfill and competition for resources.

Germany: Due to Germany's well-developed different waste treatment technologies, it has established itself at the forefront in the area of organic waste recycling. This has led to innovations in waste processing technologies.

France: France has legislated to avoid food waste through obligations for supermarkets to give away unsold food, and by composting programs. Such policies have helped in increasing the organic waste market.

Japan: Japan is known for its strong emphasis on technological innovation and has established high-end processing centres for waste-to-energy, anaerobic digestion, composting among others Government policies support for reducing waste and recycle schemes.

China - Rapid urbanization and industrialization have led to an increase in waste generation in China. It is partly in response to environmental concerns that the government has developed policies around waste sorting and recycling and is also initiating waste-to-energy projects.

Conclusion

The organic waste market is expected to grow with the high rate within the next five years, owing to factors such as rise in environmental concerns, technological advancements, and supportive regulatory frameworks. Major drivers are efficient waste processing technologies, investment in infrastructure, and sustainability policies. There are many opportunities for companies to innovate and work with government and communities to develop sustainable waste management practices, preserving the environment and promoting economic development at the same time.

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