The Food Waste Management Market is estimated at USD 31.71 Billion in 2017 and is projected to reach USD 42.37 Billion by 2022, at a CAGR of 5.97% during the forecast period. The market is driven by factors such as rise in global food waste and increase in the usage of organic feed and fertilizers by farmers.
The North American region is projected to hold the largest market share, followed by the European region, in 2022. North America is estimated to be the fastest-growing food waste management market in the forecast period. This is mainly due to the Solid Waste Association of North America (SWANA), which supports and offers different types of services and practices, such as storage and recycling of residential waste, integrated solid waste management, institutional, commercial, and industrial solid waste in order to reduce waste in the region.
The countries covered in the North American region are projected to be the fastest-growing markets for food waste management, due to the presence of large players such as Waste Management, Inc. (US) and Republic Services, Inc. (US). The growth of the primary producers and food distributors, along with food safety regulations in the country, is driving the food waste management market growth.
The key players identified have a strong presence in the global food waste management market. These include Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), FCC Environment (UK) Limited (UK), Remondis SE & Co. KG (Germany), Stericycle, Inc. (US), Clean Harbors, Inc. (US), Covanta Holding Corporation (US), Advanced Disposal Services, Inc. (US), Waste Connections, Inc. (Canada) Republic Services, Inc. (US), and Biffa Group Limited (UK).
