According to IMARC Group’s latest report, titled “Food Waste Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global food waste management market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026.
Food waste management involves the use of a systematic approach for collecting, segregating, disposing of, treating, transporting as well as containing food waste generated during agricultural, dairy food, poultry, and seafood processing. Effective food waste management is essential for the conservation of the environment as it reduces methane emissions from landfills and returns nutrients to the soil in the form of compost. Landfills, composting, and anaerobic digestion of the generated wastes are some of the common disposal techniques that are used across the commercial as well as residential sectors.
Due to considerable growth in the food and beverages sector across the globe, there has been a rise in the generation of large volumes of food wastes from hotels, restaurants, and fast-food joints, which, in turn, has driven the requirement for effective food waste management solutions. Furthermore, the governments of various countries are taking initiatives to improve their waste management systems at residential and commercial levels to reduce the excessive use of landfills for disposing of food wastes. Also, they are spreading awareness regarding waste recycling and proper segregation of wastes, which is creating a positive outlook for the market. Moreover, continual technological advancements, such as the introduction of automated waste collection systems, novel sensor-based technology, and enzyme-based food management solutions, are improving the efficiency of food waste management solutions on the global level, thereby providing an impetus to the food waste management market growth.
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Food Waste Management Market 2021-2026 Competitive Analysis and Segmentation:
The competitive landscape of the food waste management market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the global food waste management market on the basis of waste type, process, source, application and region.
Breakup by Waste Type:
Breakup by Process:
Breakup by Source:
Breakup by Application:
Breakup by Region:
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