Waste Management Market 2023 Shares and Strategies For Key Industry Players - Suez, Veolia, Republic Services

The report published by The Brainy Insights shows that the global food waste management market is expected to grow from USD 70.0 billion in 2022 to USD 125.3 billion by 2032, at a CAGR of 6% during the forecast period 2023-2032. North America emerged as the most significant global food waste management market, with a 46% market revenue share in 2022. Damage to food goods, overproduction, a lack of cold-chain infrastructure, standardized date labelling practices, strict food grading standards, and fluctuating client demand are all variables that affect how much food is wasted in North America. Furthermore, Food trade is predicted to expand significantly with rising degrees of national and regional specialization. The food industry is expected to increase quickly throughout the forecast period due to rising income and a growing population, which would help the market thrive.

𝐆𝐫𝐚𝐛 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭- https://www.thebrainyinsights.com/enquiry/sample-request/13555

Food Waste Management Market Size By Type (Fruits & Vegetables, Fish & Sea Food, Meat, Cereals, Dairy Products, and Processed Foods), By Process (Aerobic Digestion, Combustion/Incineration, Anaerobic Digestion, and Others), By Application (Fertilizers, Biofuel, Animal Feed, and Power Generation), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Leading companies in the industry include Veolia, Suez, Waste Management, Inc., Republic Services, Inc., Covanta Ltd., Stericycle, Inc., Remondis SE & Co., KG, Clean Harbors, Inc., Biffa, Rumpke, Advanced Disposal Services, Inc., Cleanaway, FCC Recycling (UK) Limited, and DS Smith among others, offer more significant opportunities and continuously focus on new product developments and venture capital investments to obtain market share.

The type segment is divided into fruits & vegetables, fish & sea food, meat, cereals, dairy products, and processed foods. The fruits & vegetables segment dominated the market, with a market share of around 40% in 2022. The substantial waste produced by fruits, vegetables, tubers, and roots is mostly to blame for this increase. Fruit and vegetable scraps and wastes are easily accessible and used as source materials for composts and as food for aerobic and anaerobic digestion. The process segment is divided into aerobic digestion, combustion/incineration, anaerobic digestion, and others. The anaerobic digestion segment dominated the market, with a market share of around 37% in 2022. This rise is mainly attributable to its widespread use in waste disposal processes, where it aids in the recovery of nutrients and energy in the form of biogas. This anaerobic digestion does not depend on the weather or be vulnerable to price changes to produce energy. Additionally, it serves as a powerful replacement for fossil fuels. The application segment is divided into fertilizers, biofuel, animal feed, and power generation. The animal feed segment dominated, with a market share of around 38% in 2022. Animal feed maintains the largest market share in the application because food waste, made up of organic waste, can be safely utilized as animal feed after undergoing complete decontamination using methods like sterilization and thermal treatment.

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Businesses that produce food waste, such as restaurants, grocery stores, wholesalers, and food service providers, are expected to report it to the authorities and describe where it comes from, how much there is, and how it will be disposed of. This supports waste reduction by assisting firms in estimating the cost of their waste and by giving regulators knowledge of the volume and root causes of food waste. The expansion of the composting segment is predicted to drive the market as a whole because of rising government support for waste disposal through the composting process due to its environmental advantages. Additionally, over the forecast period, there is projected to be a rise in demand for aerobic digestion due to growing knowledge of biofuel recovery and composting from food waste utilizing composting.

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