Food Waste Management Market - Forecast(2020 - 2025)
According to a survey conducted by the Food and Agriculture Organization of the United Nations, approximately one third of the food for human consumption, equivalent to 1.3 billion tones, that is produced in the world gets either wasted intentionally or lost during supply chain management. Approximately $680 billion is unnecessarily wasted every year in food waste, out of which $310 billion gets wasted in developing countries.Food wastage is a serious problem that requires immediate attention, which is why the market for food waste management has attained considerable growth in the recent past. Governments have started a number of initiatives by joining hands with engineering firms as the latter invest in research and development of food waste management machinery. The food waste management market has gained noticeable support from environment conservation experts from all over the world since it helps fight climate change. These factors collectively helped the food waste management ...