Global Organic Waste Treatment System Market 2023-2030

Global Organic Waste Treatment System Market 2023-2030

Global Organic Waste Treatment System Market Size, Share & Trends Analysis Report by Product Type (Below 90%, 90% to 95%, and Above 95%), and by Application (Supermarket, Restaurant, Recycle Station, Landfill, and Others), Forecast Period (2023-2030)

The global organic waste treatment system market is anticipated to grow at a considerable CAGR of 9.0% during the forecast period. The global market for organic waste treatment system fuel is experiencing significant growth owing to the rising demand for sustainable and renewable energy sources. Additionally, the increasing global waste generation has created a pressing need for waste management solutions capable of converting waste into valuable products. According to the World Bank Group, the world generates a staggering 2.01 billion tones of municipal solid waste annually, with at least 33% of that not being managed in an environmentally safe manner. Moreover, global waste is expected to escalate to 3.40 billion tones by the year 2050. These alarming statistics highlight the urgency to adopt effective waste treatment technologies that can address the mounting waste challenge and contribute to a cleaner and more sustainable future.

Segmental Outlook

The global organic waste treatment system market is segmented based on product type and application. Based on the product type, the market is segmented into Below 90%, 90% to 95% and Above 95%. Based on the application, the market is categorized into supermarket, restaurant, recycle station, landfill and others. Among the product type, above 95% is anticipated to hold a prominent market share. The growth of the market is attributed to the development of more efficient technologies to deliver precise and efficient results.

Landfill Sub-Segment is Anticipated to Hold a Prominent Share in the Global Organic Waste Treatment System Market

Among the application, the landfill sub-segment is anticipated to register significant growth for the forecast period. The increasing diversion of organic waste from landfills, rising awareness for methane mitigation, and climate change are some factors supporting the market growth. For instance, in November 2022, the UN announced the methane alert and response system (MARS), which is a high-tech, satellite-based global methane detection system to detect emissions of the climate-warming gas. The MARS is a data-to-action platform set up as part of the UNEP International Methane Emissions Observatory (IMEO) strategy to get policy-relevant data into the right hands for emissions mitigation.

Regional Outlook

The global organic waste treatment system market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, the Asia-Pacific region is projected to experience considerable growth in the organic waste treatment system market, which is attributed to the growing demand to efficiently manage the increased waste generation efficiently and sustainably.

The North American Region is anticipated to Hold a Significant Share in the Global Organic Waste Treatment System Market

The North American market for organic waste treatment systems is experiencing significant growth due to the increasing demand for sustainable and renewable energy sources. Additionally, the region's increasing waste generation has created a greater need for effective waste management solutions capable of converting waste into valuable products. The growing investment from governments, aimed at promoting waste reduction, is expected to further drive the demand for organic waste treatment systems. For instance, in February 2023, the US Department of Agriculture (USDA) invested around $9.4 million in 45 cooperative agreements which will support the innovative, scalable waste management plans to reduce and divert food waste from landfills. The compost and food waste reduction (CFWR) cooperative agreements, which was funded by the American Rescue Plan Act, was part of USDA’s broad support for urban agriculture through the Office of urban agriculture and innovative production (OUAIP).

Moreover, these compost and food waste reduction projects play important roles in building resilient, local food systems, including strong food recovery networks and food waste reduction solutions that benefit farmers and communities.

Market Players Outlook

The major companies serving the global organic waste treatment system market include Emerson Electric Co., Mishimax Co. Ltd., TOGO, Eco Guardians Pty. Ltd., Machinex Industries Inc., MEIKO Maschinenbau GmbH & Co. KG and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2022, ML Environmental Group and Scott Equipment Company strategically partnered to expand waste recycling solutions for their US clients. Through this partnership, ML Environmental Group's customers can now address a wider range of challenges in organics, construction, demolition waste, and recycling markets. They gain access to additional, complementary system solutions tailored to meet various application requirements.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global organic waste treatment system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.