The global food waste management market is estimated to grow at a compound annual growth rate of six per cent.
Food waste market is projected to reach US $42.37 billion by 2022 globally, according to a new report.
The report estimates the market value of the industry at $31.71 billion. It pinpoints the primary factors driving the global food waste market as a need to reduce greenhouse emissions and increase the usage of organic waste for the production of animal feed and fertilisers.
A major barrier to projects, it notes, is landfill and incineration techniques causing adverse effects on the environment.
Read the full article here: Waste Management Review