New York, According to a new market research report published by Global Insight Services “Food Waste Management Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Food waste management is the process of handling, storing, and disposing of food waste in a way that minimizes the negative environmental and health impacts of food waste. Food waste management practices can diverge significantly between developed and developing countries due to differences in infrastructure, cultural attitudes, and economic conditions.
In developed countries, food waste is often managed through a combination of legislation, regulation, and voluntary programs. For example, many developed countries have laws and regulations governing the labeling and expiration of food products, as well as the proper disposal of food waste. Some developed countries also have programs that encourage businesses and households to donate surplus food to charities or other food assistance programs.
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Key Trends
There are a number of key trends in food waste management technology. One of the most important is the move towards more sustainable and environmentally friendly methods of food waste disposal. This includes the use of anaerobic digestion and other forms of composting to reduce the amount of waste that goes to landfill.
Another key trend is the development of technology that can help to reduce food waste in the first place. This includes things like smart fridges and freezers that can help to keep food fresher for longer, as well as apps and online tools that can help people to plan their meals and avoid wasting food.
Finally, there is a growing trend for businesses to donate their surplus food to charities and other organizations that can make use of it, rather than letting it go to waste. This is a great way to reduce food waste and also to help those in need.
Key Drivers
There are several key drivers of food waste management, which include reducing greenhouse gas emissions, improving resource efficiency, and reducing the environmental impact of food production.
Reducing greenhouse gas emissions: Food waste accounts for a significant portion of greenhouse gas emissions, and its management is critical to mitigating climate change.
Improving resource efficiency: Food waste management can help to reduce the amount of resources used in food production, including water, land, and energy.
Reducing the environmental impact of food production: Food waste management can help to reduce the environmental impact of food production, including pollution and deforestation.
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Market Segments
The Food Waste Management Market is segmented into waste type, process, application, and region. By waste type , the market is categorized into cereals, dairy products, fruit & vegetable, meat, fish & seafood, oilseeds & pulses, processed food, coffee grounds & tea, and others. By process, it is classified into aerobic digestion (composting), anaerobic digestion, incineration/combustion, and others. By application, it is classified into feed, fertilizers, biofuel, power generation, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Food Waste Management Market report includes players such as Andritz AG, Waste Management Inc., Veolia Environment S.A., Republic Services Inc., Stericycle Inc., Suez Environment, Clean Harbors Inc., Covanta Holding Corporation, and Waste Connections Inc.
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