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The global food waste management market grew at a CAGR of around 5% during 2015-2020. Food waste management involves various activities that are essential for disposing of food waste. It also includes the waste prevention, collection, treatment, recovery, transportation as well as recycling with the help of various management procedures. Some of these disposal techniques include landfills, composting, and anaerobic digestion of the generated wastes that are being employed across the commercial and residential segments. The increasing requirement for food waste management can be largely attributed to the rise in food processing waste, which includes agricultural, dairy food, poultry and seafood processing waste.
The global market is primarily driven by considerable growth in the food and beverages sector across the globe. The increasing consumption of convenience foods by the masses has led to the generation of large volumes of food waste from hotels, restaurants and fast-food joints, which, in turn, requires the usage of food waste management solutions for effective collection and segregation of food waste at the source level. This is being supported by the rising global population and the inflating spending incomes of individuals. Moreover, the rising amount of food wastes being dumped in open landfills has impelled governments of several countries to introduce efficient waste management solutions at residential and commercial levels to reduce the generation of waste at the source and spread awareness regarding waste recycling. This, along with the rising utilization of biomass that deploys biomass waste for energy generation, is creating a positive outlook for the market growth. The market is further driven by the widespread utilization of technological innovations, such as automated waste collections, novel sensor-based technology, and enzyme-based food management solutions. Some of the other factors contributing to the market growth include rapid industrialization and the increasing usage of organic wastes for the production of fertilizers and animal feeds. Looking forward, IMARC Group expects the global food waste management market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global food waste management market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, waste type, process, source and application.
Breakup by Waste Type:
Breakup by Process:
Breakup by Source:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Clean Harbors Inc., Covanta Holding Corporation, FCC Environment (UK) Limited, Hulsey Environmental Services Inc., Remondis SE and Co. KG, Republic Services Inc., Stericycle Inc., Suez (Sofina), Veolia and Waste Management Inc.
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