The report “Food Waste Management Market by Waste Type (Cereals, Dairy Products), Application (Animal Feed, Fertilizers), End user (Primary Food Producers, Food Manufacturers), Process (Aerobic Digestion, Anaerobic Digestion), and Region – Global Forecast to 2022″, 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 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).
To know about the assumptions considered for the study, download PDF brochure
Key companies in the food waste management market adopted strategies such as acquisitions, agreements, and investments & expansions as their key growth strategies to increase their market share and profits from 2012 to 2017.
The core strength of the key players was acquisitions, followed by expansions, to cement their place in the global food waste management market. Market players such as Veolia Environnement (France) and SUEZ (France) adopted acquisitions as their key strategies to gain market share.
Veolia Environnement manages the distribution systems of water supply and also provides energy & waste management services. The company mainly operates through three business segments-water, waste, and energy management. The water management services segment collects, processes, and delivers water, and provides water treatment & infrastructure design and construction, including technologies and engineering services to offer a range of water treatment. The energy management segment includes heat production & distribution, energy optimization & related services, and electricity production. The waste management segment deals with waste collection, waste material recovery, converting waste to energy, treatment of hazardous waste, dismantling & remediation, and urban cleaning & material recovery of organic waste services. In 2017, Veolia Environnement expanded its business by opening its first waste to energy facility in South America, which would help the company to generate revenue at a high rate.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
SUEZ is an environment service provider for collecting and processing non-hazardous & hazardous waste, except for nuclear waste and the recycling of waste. The company’s services also include treatment, production, and distribution of drinking water. Its operating business segments are Water Europe, Waste Europe, International, and Other. Waste Europe handles the collection and treatment of wastes from industrial and local authorities. Its services include collection, sorting, recycling, and landfilling. Water Europe is responsible for water distribution and its treatment services. The main focus of the company is to transform waste into energy. In 2015, SUEZ signed a three-year agreement with Sanofi S.A. (France), one of the largest pharmaceutical companies in France. This helped the company enhance the waste & water management services at Sanofi’s manufacturing sites in France and other countries.
