Wet Waste Management Market, By Service (Collection & Transportation, Processing, Disposable & Landfill, Others), By Source (Industrial, Municipal, Commercial, Healthcare & Medical, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Mar 2024

Code : CMI6825

Pages :135

Formats :

Excel and PDF

Industry : Packaging

Market Concentration and Competitive Landscape

Wet Waste Management Market Concentration By Players

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Growing Urbanization and Increase in Global Food Production and Consumption

Rapid urbanization is another key driver behind the growth in wet waste volumes worldwide. As more people migrate to cities, waste generation increases considerably due to higher population densities and changed consumption patterns in urban areas compared to rural regions. Food waste alone is estimated to account for over 1 Bn tons of municipal solid waste globally each year. Meanwhile, improving economic conditions are boosting food expenditures around the world. Rising incomes translate to greater demand for resource-intensive Western diets higher in meat and dairy, as well as increased year-round availability of out-of-season produce through global supply chains. Food production is also scaling up worldwide to meet the nutritional needs of a growing global population projected to reach nearly 10 Bn by 2050. All these interlinked trends are pushing up the amounts of wet waste—particularly food scraps—entering the waste stream on a daily basis from households, retail outlets, institutions and industries like food manufacturing. This makes large-scale, scientific wet waste management solutions an infrastructure priority for cities.

Key Players Insights