Food Waste Management Market to See 5.97% CAGR through 2022, Expects M&M in Its Cutting-Edge Report Recently Added at MarketPublishers.com
28 Sep 2017 • by Natalie Aster
LONDON – The world’s food waste management market is gaining traction fueled by rising amount of food waste globally, enhancing need to reduce greenhouse emissions and increasing use of organic waste in the production of animal feed and fertilizers. In the current year, the value of the food waste market has crossed USD 31.71, and it is set to keep on growing at a 5.97% CAGR during 2017-2022 to amount to USD 42.37 billion.
However, this market also faces a number of challenges, for instance, one of the key hampering factors comprises landfill and incineration techniques causing adverse effects on the environment.
On the basis of waste type, the fruits and vegetables sector is anticipated to grow at the highest pace during 2017-2022.
As for end-uses, the food service industry is likely to increase at the highest CAGR owing to high consumption of food and beverages.
North America is set to maintain the dominant position in the world’s food waste management market over 2017-2022, driven by increasing amount of food waste, ongoing technological developments and introduction of innovative methods.
Cutting-edge research report “Food Waste Management Market by Waste Type, Application, End user, Process, and Region - Global Forecast to 2022” worked out by MarketsandMarkets (M&M) provides a clear picture of the market landscape, describes the current scenario across the major regions, sheds light on the market dynamics and key factors influencing it. Besides, this study includes relevant info on the competitive landscape, top players, prevailing trends, emerging threats and opportunities, major segments and their shares and growth rates. In addition, a comprehensive future outlook through 2022 is at hand in this report.
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