Food Waste Management Market Type (Cereals, Dairy Products, Fruits & Vegetables, Meat, Fish & Sea Food, Processed Food, Others), Process (Aerobic, Anaerobic, Combustion/Incineration, Others), Source (Primary Food Producers, Food Manufacturers, Food Distributors & Suppliers, Food Service Providers, Municipalities & Households), Application (Animal Feed, Fertilizers, Biofuel, Power Generation) and Regions Global Forecast 2020 to 2030

Market Competition of Food Waste Management Industry by Company

Food waste management is an opportunistic market as product innovation is the basic requirement for continued growth of the industry. Top player positioning showcases the position of food waste management service providers in the global market. Veolia Environment S.A., Suez S.A., Republic services S.E., Waste management Inc. are the leading industry giants and constitute a majority of market share in the overall market. Merger and acquisition (M&A) activity has also increased across the industry chain. Also, leading industrialists are being frequently engaged in innovating and conceptualizing the new technologies to monitor and reduce/reuse of food waste.

Food waste management involves the use of various techniques responsible for the conversion of food waste into different products. This scenario has changed with time as the local players are actively marking their presence across some regions. Entry of new players has made the market competitive by the development of new software, biotechnology based solutions and advanced imagery and analytics are some of the latest technologies. For instance, the number of medium and small scale manufacturers has increased in North America are now marking their presence in Asia Pacific due to stringent government regulations across India and China over proper processing and disposal of waste.

Expansion is another most preferred strategy among the players. Players like Veolia and Suez S.A. have kept this strategy on top priority since past few years. Product launch is another key approach followed by the players in the food waste management market.

By process, collection segment is expected to rise with a CAGR of 5.3% from 2019 to 2025. Wide range of equipment is used for handling, collection, storage, transfer and disposal of commercial waste in the commercial waste management market. The equipment range includes balers, compactors, containers, shredders, conveyors, separators, bag openers, sorting systems, screening machinery, storage bins, etc. Depending on the amount of waste generated and its treatment, the pricing of all equipment types vary to a considerable extent. Based on the type of waste generated, green bin and mixed collection processes are usually adopted for waste collection. Transfer of garbage from intermediate stations to disposal facilities, landfill tipping, recycling, waste-to-energy, equipment leasing, etc. are the next important service categories in the commercial waste management market.

Post the collection stage, commercial waste is transported from the point of source to intermediate dumping and storage stations. Waste segregation at these stations is conducted. Lastly, the separated waste material is loaded in garbage trucks and transferred to landfills and waste disposal & further treatment facilities. Various waste transfer services exist at every step of waste management from acceptance and loading of waste materials into dumpsters, trucks, and railcars to further transportation to the disposal site.

Other commercial waste management activities include waste-to-energy, recycling, automation and IoT services, etc. Conversion of waste-to-energy and recycling has increased over the recent years in India, Japan, the U.S., Canada, and the U.K. Significant incineration activities of solid waste in Europe, China, and Japan has decreased the dependency on landfills for waste disposal. In 2017, the total investments in waste energy and biomass surpassed USD 4.0 billion worldwide.

North America is projected to be the fastest growing regional market and dominate the global food waste management industry. Canadians and Americans produce almost twice as food as produced at Mexico. Although the largest amount of food waste is majorly wasted at the consumer level, a significant share is also wasted at the institutional, commerical and level.

According to the International Solid Waste Association, the municipal solid waste generated in the next 15-20 years will be doubled in lower income cities of Africa and Asia. These regions lack the human resources that have enough knowledge and expertise to handle waste efficiently. Also, economic constraints, lack of financial aid from developed countries, slow waste collaborative projects approval policies are other factors behind the nominal growth of waste management industry in these regions.

Population plays a very important role in various aspects deciding the countries’ overall development and growth. As of now, China is the most populated country in the world having a population of 1386.4 Million. Problems arise when this huge population do not make proper food waste management initiatives & adopt with new methods. Currently, China has demonstrated consistent development in terms of innovation. For instance, the world famous Alibaba’s Elea food delivery provider has established a new sustainability house at Shanghai in November 2018. The Ele.me app provides the option of no chopsticks.

Similarly, India is the second most populous country in the world with a considerably large quantity of waste generation. A Bengaluru based Lebanese restaurant “Byblos” stores the leftovers (unsold) food in the fridge and this food is provided to the homeless and hungry people the next day. In Tokyo, Japan, all wastes such as recyclable bottles, cans and other materials are separated and placed in the appropriate receptacles and is recycled at Minato recycle center.