Food Waste Management Market to have Good Business Opportunities in the Coming Years
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Some of the leading companies profiled in the FMI’s report include Waste Management, Inc, Advanced Disposal Services, Inc., Republic Services, Inc., Waste Connections Inc., Clean Harbors, Inc., Stericycle, Inc., FCC Environment Ltd., CT Environmental Group Ltd., Veolia Environnement SA, Recology Inc, OzHarvest Ltd., Boulder Food Rescue, Boston Area Gleaners, Inc. Amp Your Good LLC, The Sustainable Restaurant Association Ltd., 412 Food Rescue, Caritas Corporation, City Harvest Ltd., ExtraFood.org and Global Feedback Ltd. By emphasising on the development of innovative technologies, many of the companies are trying to expand their operations in several parts of the world. In addition, companies are increasingly targeting the rural areas as they still lack efficient food waste management systems or solutions. At the same time, automation and systemic segregation of food waste at source including industrial, commercial, and residential are likely to play an important part in streamlining food waste management.
North America at the Forefront of the Global Food Waste Management Market
Among all the regions, the food waste market in North America currently holds the top position. The federal government in the U.S. is promoting the construction of composting facility across the country. By the 2017-end, the region is projected to account for 36.1% value share of the global market. Meanwhile, both Western Europe and Asia Pacific excluding Japan (APEJ) are expected to remain the two other lucrative markets for food waste management over 2027.
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Key Excerpts from the Report Include
Based on end use, the majority of the food waste produced in the world is used as animal feed. Towards the end of 2027, the animal feed end use segment is expected to account for more than 42% share of the global market in terms of revenue.
By waste type, the amount of waste that is generated while food processing is significantly high. The food processing wastes segment is expected to remain dominant throughout the forecast period, accounting for a revenue share of 41% by 2027.
By service, the prevention segment is expected to remain dominant in 2017 and beyond. By 2027-end, this segment is expected to command for more than 55.3% revenue share of the market.
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Distribution and Supply Chain Wastes: The National Solid Waste Policy in Brazil focusses on increasing the sustainability of solid waste management and decreasing the total volume of waste produced at the national level. The sectors covered in the policy include healthcare, construction, transportation, forestry, mining, industrial, domestic, and public.
Consumption Wastes: The Macon-Bibb Commission has passed a law to privatise certain waste management services for garbage and yard waste within the city (residential) limits of the United States.
Retail Wastes: The Waste Management Legislation in Europe has made it mandatory for food manufacturers, service providers, and the retail sector to deal with food waste recycling and disposal in an environment friendly manner.
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