Why Governments Are Prioritizing the Use of Food Waste Shredders across the USA, Australia, Germany | Future Market Insights
During the projected period (2023 to 2033), the global food waste shredder market is expected to grow at a CAGR of 6.2%. The food waste shredder market size is projected to reach a valuation of US$ 25,184 Mn by the end of 2033 from US$ 13,800 Mn in 2023.
Increased focus on food waste control and prevention has resulted in the rising adoption of severe rules, as well as grants, funding, and subsidies for the acquisition of recycling equipment. The global food waste shredder market is likely to develop at a fast pace with the implementation of stringent norms to control food waste.
Food waste as a renewable energy source is another important component in the global market for food waste shredders. Methane is produced from food waste and is utilized to power various treatment units. A large part of food waste litter is recycled and utilized to make organic fertilizers or animal feeds, which is fueling the global food waste shredder market. In addition, development of improved waste disposal procedures, coupled with the need to develop alternative energy sources, would present the profit potential for the food waste shredder market to grow in the next ten years.
How are U.S.-based Food Waste Shredder Companies Faring?
“Initiatives to Reduce Food Waste in the U.S. to Push Sales of Organic Waste Shredders”
The amount of food thrown out by Americans each year is growing at a fast pace. According to the Environmental Protection Agency (EPA), around 63 million tons of wasted food were produced in the commercial, residential and institutional sectors in 2018, with animal feed, composting, biochemical/bio-based materials processing, land application, anaerobic digestion/ codigestion, donation, and wastewater/sewer treatment accounting for about 32%. Increasing number of attempts to reduce food waste, as well as the need to divert the waste away from landfills and incinerators would also spur the U.S. food waste shredder market in the next ten years.
Why is the Demand for Food Waste Shredders Surging in Australia?
“Domestic and Industrial Applications of Food Waste Shredder Machines to Grow in Australia”
Australia has established a goal to cut food waste in half by 2030, in line with the United Nations' Sustainable Development Goal. The National Food Waste Strategy, Roadmap, and the National Waste Policy Action Plan lay out the steps that must be performed to reduce food waste in the country. As a result, the use of food waste shredders is likely to increase in domestic and industrial applications across Australia.
How are German Food Waste Shredder Manufacturers Progressing?
“Urgent Need to Conserve Resources in Germany to Propel the Demand for Food Waste Recycling Machines”
Food waste is generated in Germany at a rate of roughly 12 million tons per year (as of 2015). As per an expert’s opinion from the Federal Ministry of Food and Agriculture (BMEL) scientific advisory boards on agricultural, food and forest policies, if food waste in domestic households was reduced by 50%, gas emissions in Germany would be decreased by six million tons of CO2. Anyone who contributes to conservation of resources and climate stewardship by decreasing food waste is doing so actively. The market for food waste shredders is expected to grow at a rapid pace in Germany during the forecast period owing to the above-mentioned factors.
The global food waste shredder market is highly fragmented with the presence of a large number of local and regional players. Mergers & acquisitions, collaborations, expansions, and partnerships are some of the marketing tactics that are being used by significant companies. In addition, leading corporations are investing huge sums in research and development activities to expand their geographic presence.
For instance,Maeko created a machine in 2021 that smashes food waste and produces bio-organic manure in an anaerobic atmosphere in one day. It has a bio-enzyme filter system that degrades all types of food waste and eliminates odors. In addition, its industrial composters can be found in hotels, restaurants, schools, stores, and even private households.
The Zera Food Recycler, developed by WLabs, is a kitchen appliance that can convert food waste into fertilizer in less than 24 hours. It converts about 95% of household waste into homegrown fertilizer by using a fully automated process.
For commercial and industrial applications, Oklin International launched the GG500s model series. It comes with cutting-edge features that streamline operations for effective waste reduction results. Food waste input is made simple by the bin lifter system and the infrared camera system, which keep operators informed about the composting process.
These insights are based on a report on Food Waste Shredder Market by Future Market Insights