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The food waste management market size is valued to increase by USD 9.13 billion, at a CAGR of 4.25% from 2023 to 2028. Food waste management gaining traction owing to growing concerns of carbon emissions will drive the food waste management market.
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In the realm of sustainable business practices, food waste management emerges as a critical area of focus. The environmental and economic implications of municipal and industrial food waste are significant. According to the Food and Agriculture Organization, approximately one-third of the food produced globally for human consumption is lost or wasted. In the context of businesses, this translates into a missed opportunity for cost reduction and resource recovery. The adoption of advanced waste management strategies, such as anaerobic digestion, composting systems, and recycling infrastructure, can yield substantial benefits. For instance, anaerobic digestion can convert food waste into biogas for renewable energy generation, reducing carbon footprint and diverting waste from landfills. Similarly, source reduction methods, like smart waste management and automated sorting systems, can minimize food waste and optimize waste collection. Furthermore, the implementation of waste reduction strategies, such as waste-to-energy plants and material recovery facilities, can lead to improved ROI by generating revenue from waste. The environmental impact assessment of these initiatives is also essential, with food waste tracking and waste stream analysis enabling data-driven waste management and zero waste initiatives. By focusing on food waste characterization, methane capture, and compost utilization, businesses can align with sustainability goals and enhance their overall waste management efficiency.
The increasing awareness of the environmental impact of carbon emissions from food waste is driving the market's growth. This concern is a significant factor propelling market expansion.
The increasing number of startups represents a significant market trend. A rising number of startups signifies a notable trend in the business landscape.
The industry's growth is threatened by the escalating risk of fire accidents, which poses a significant challenge that necessitates robust safety measures and continuous risk mitigation strategies.
The food waste management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The landfill segment is estimated to witness significant growth during the forecast period.
The market encompasses various techniques and technologies aimed at minimizing the environmental impact of food waste. This includes source reduction methods, such as smart waste management systems and household food waste tracking, as well as recycling infrastructure, like composting systems and material recovery facilities. Renewable energy generation from food waste is another key aspect, with anaerobic digestion used to produce biogas and reduce carbon footprint. Industrial food waste characterization and waste diversion programs are essential for waste reduction strategies, while automated sorting systems and waste segregation techniques ensure efficient resource recovery.
In-vessel composting and food waste auditing are crucial for digestate management and methane capture. The market continues to evolve, with a focus on data-driven waste management, waste collection optimization, and zero waste initiatives. For instance, an estimated 33% of food produced for human consumption is lost or wasted globally, emphasizing the need for effective food waste management solutions.
The Landfill segment was valued at USD 13.80 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is witnessing significant evolution, with the US emerging as the major revenue contributor. The US government's emphasis on managing food waste is evident, with numerous states and localities prioritizing this issue. The country's shift towards Integrated Waste Management Systems (IWMS) is noteworthy, focusing on source reduction before waste recovery for recycling or composting. The US Environmental Protection Agency (EPA) advocates for IWMS, enabling municipalities to manage Municipal Solid Waste (MSW) through various practices and pathways.
The EPA's Municipal Solid Waste Decision Support Tool (MSW DST) is designed to assist solid waste planners in evaluating the environmental impact and cost-effectiveness of IWMS strategies. According to the EPA, approximately 30-40% of the food supply in the US goes uneaten, representing a significant potential for source reduction and cost savings. By implementing IWMS, municipalities can reduce landfill usage, lower greenhouse gas emissions, and generate economic benefits.
Customer Landscape of Food Waste Management Industry
Companies are implementing various strategies, such as strategic alliances, food waste management market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Biffa Plc - This company specializes in food waste management solutions, providing collection services and offering containers for disposal. Their offerings aim to minimize food waste and promote sustainability. The business model focuses on efficient and eco-friendly food waste management practices.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Food Waste Management Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.25% |
Market growth 2024-2028 |
USD 9.13 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.08 |
Key countries |
US, China, Germany, Canada, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is a critical sector that addresses the environmental and economic challenges posed by the substantial amount of food waste generated globally. This market encompasses various solutions aimed at optimizing anaerobic digestion parameters, improving compost maturity processes, measuring landfill gas emissions, and reducing food waste through efficient supply chains. One key aspect of this market is the development of sustainable waste-to-energy solutions. These solutions not only help in improving organic waste recycling infrastructure but also assess the environmental impact of food waste management. Measuring efficiency in waste treatment plants is another important function, which can be achieved by applying data analytics for waste management and designing efficient waste collection routes. Moreover, evaluating different composting technologies and managing digestate as a fertilizer are essential components of this market. Developing zero waste certification programs and implementing effective source reduction methods are also crucial in reducing food waste generation at the household and municipal levels. The market is witnessing significant growth, with an increasing focus on reducing greenhouse gas emissions from landfills. For instance, improving waste sorting facility operations can lead to a 30% reduction in landfill waste, translating to substantial cost savings and improved compliance with regulatory requirements. Furthermore, analyzing food waste composition at the municipal level and assessing the economic viability of waste-to-biofuel projects are essential for operational planning and supply chain optimization. In conclusion, the market offers numerous opportunities for businesses to innovate and contribute to a more sustainable and efficient food system.
What is the expected growth of the Food Waste Management Market between 2024 and 2028?
USD 9.13 billion, at a CAGR of 4.25%
What segmentation does the market report cover?
The report is segmented by Method (Landfill, Recycling, and Incineration), Application (Feed, Fertilizers, Biofuel, and Power generation), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
Which regions are analyzed in the report?
North America, Europe, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Food waste management gaining traction owing to growing concerns of carbon emissions, Increasing risks of fire accidents
Who are the major players in the Food Waste Management Market?
Biffa Plc, Casella Waste Systems Inc., China Everbright Environment Group Ltd., Cleanaway Waste Management Ltd., Covanta Holding Corp., FCC SA, GFL Environmental Inc., Hitachi Zosen Corp., Interstate Waste Services Inc., PHENIX SAS, PreZero Stiftung and Co. KG, Recology Inc., Republic Services Inc., RETHMANN SE and Co. KG, US Foods Holding Corp., Van Dyk Recycling Solutions, Veolia Environnement SA, Waste Connections Inc., Waste Management Inc., and Winnow Solutions Ltd.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Method
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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