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Food Waste Recycling Machine Market Set to Witness a Steady CAGR Value through 2018-2028

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Steve Blade
Food Waste Recycling Machine Market Set to Witness a Steady CAGR Value through 2018-2028

FactMR’s recent study on food waste recycling machine market foresees a promising growth, driven by proactive initiatives for fostering environmental sustainability. An amalgamation of pivotal aspects, ranging from launch of legislation around food waste to rising proclivity for recycling activities, is anticipated to underpin growth potential of the market. Global sales of food waste recycling machines are likely to reach 10,890 units in 2018, up from 10,356 units in 2017.

The food waste recycling machine market report highlights the following players:

  • Bhor Engineering Company Limited
  • Hungry Giant Recycling
  • Emerson Electric Co.
  • BioHiTech Global
  • Others

The food waste recycling machine market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

The Fact.MR research study opines that the demand for food waste recycling machine has taken off in recent years, as a result of challenges associated with traditional composting methods. Rapid gravitation toward minimizing disposal costs and curbing noxious emissions have been identified as key drivers.

Restaurants to Stay at the Forefront of Demand as Enhancing Profitability Gains Momentum

Shift from landfills to waste-to-energy plants is evolving as a prominent waste management trend, which is offering numerous opportunities for the food waste recycling machine manufacturers. Sales of food waste recycling machine have remained concentrated in the restaurants industry, driven by efforts to scale up their bottom lines. This buoyancy of restaurants in the food waste recycling machine market continued in 2018 as well, with volume sales likely to exceed 2,500 units. Sales are also complemented by growing adoption in hotels and supermarkets, according to the study.

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North America maintains its lead as the largest food waste recycling market, with volume sales set to surpass 3,000 units in 2018. Attempts to foster recycling activities have taken off at the federal level in the U.S. and Canada, in the wake of a huge ratio of food wastage per capita. APEJ and Europe are likely to be the second and third most attractive market, owing to sweeping concerns for efficient food waste management, estimates the research study.

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