Research Nester has released a report titled “United States (U.S.) and Canada Smart Food BinMarket: Global Demand Analysis & Opportunity Outlook 2031”which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

30% of all food worth USD 48.3 Billion is thrown away each year in the United States according to the statistics by the United Nations Environment Programme (UNEP).

The statistics portray the increasing concern for food wastes in the United States and Canada, which is driving the need amongst the government of nations to increase its focus on lowering the wastes. Backed by the rising awareness for the ill effects of food wastes, the government of these nations have framed several initiatives, which is one of the major factors anticipated to drive the demand for smart food bins, and in turn, contribute to the growth of the United States (U.S.) and Canada smart food bin market.

The United States (U.S.) and Canada smart food bin market is anticipated to grow with a CAGR of 25.7% and 26.6% respectively over the forecast period, i.e., 2022 – 2031. The market is estimated to garner a revenue of USD 309417.0 Thousand and USD 70235.9 Thousand respectively by the end of 2031. Additionally, in the year 2021, the market in both these nations reached a revenue of USD 33409.0 Thousand and USD 7086.7 Thousand respectively.

The United States (U.S.) and Canada smart food bin market issegmented by food waste into cooked left-overs, stale food, blemished fruits & vegetables, and others, out of which, the cooked-left overs segment is anticipated to touch the largest revenue of USD 114507.7 Thousand and USD 24864.9 Thousand respectively by the end of 2031 in the United States and Canada. Moreover, the segment in the market in both these regions generated a revenue of USD 12762.1 Thousand and USD 2593.7 Thousand respectively in the year 2021.

By region, the United States (U.S.) smart food bin marketis segmented into South U.S., West U.S., Midwest U.S., and North East U.S. The market in South U.S., out of the market in all the other regions, is anticipated to garner the largest revenue of USD 130264.8 Thousand by the end of 2031. Moreover, the market in the region generated a revenue of USD 14549.6 Thousand in the year 2021. Further, the Canada smart food bin marketis segmented into Atlantic Region, Central Region, Prairie Provinces, West Coast, and North Region. The market in Central Canada, out of the market in all the other regions, is anticipated to display the largest revenue of USD 42570.0 Thousand by the end of 2031. Moreover, the market in the region generated a revenue of USD 4397.3 Thousand in the year 2021.

However, the higher cost of the product, along with the lack of awareness regarding the availability of the product arepredicted tohinder the growth of the market in the coming years.

This report also provides the existing competitive scenario of some of the key players of the United States (U.S.) and Canada smart food bin market, which includes company profiling ofLeanpath, Inc., Winnow Solutions Limited, Enevo Oy., Wybone Ltd., LightBlue Environmental Consulting Co., Ltd., KITRO SA, Guardforce Limited, and others.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “United States (U.S.) and Canada Smart Food BinMarket: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overallUnited States (U.S.) and Canada smart food bin industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the United States (U.S.) and Canada smart food bin marketin the near future.

Request Report Sample@https://www.researchnester.com/sample-request-4045

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

Votes: 0
Email me when people reply –

[Free COVID-19 Framework] What's the path to recovery look like?

We created a free presentation (attached), which discusses both global and organizational impacts of the COVID-19 pandemic, along with critical actions organizations should take immediately. This presentation introduces a framework that helps regions and organizations navigate a path to recovery via 9 potential scenarios. These scenarios capture outcomes related to GDP impact, public health response, and economic policies. The presentation also breaks down 6 immediate and critical actions…

Read more…
4 Replies · Reply by Steve Diaz Jul 8, 2023
Views: 204

If risk management is about decision making, are current risk management solutions irrelevant?

Now that the updated COSO and ISO risk management standards emphasize a connection to enterprise objectives and decision making, does this mean ERM and GRC solutions focused on risk registers and regulatory compliance are missing the true value of risk management?Will current risk management solutions evolve to integrate more decision support functionality or will standalone prescriptive analytics and other technology solutions take a more prominent role in enabling risk-informed…

Read more…
3 Replies
Views: 129

A question related to classification of instruments between trading and banking book.

We have an interesting question from one of our members.       "We usually perform OTC FX transactions with clients backed-to-back on the market (with Banks). Now we are going to perform a FX swap (i.e. Spot + forward) JPY/EUR for the Bank account for 1 week at the longest. The purpose is to get EUR place @ CB for LCR compliance purpose (no trading purposes). Bank's Management think that this should be considered as a trading position and therefore be classified within the Bank's trading book.…

Read more…
5 Replies · Reply by Prisha Singh Dec 26, 2023
Views: 308

Plunging oil prices: curse or blessing in disguise?

The recent sudden crash of oil prices has had a major impact on the world economy, leading to many troubled faces in the international arena. The Russians fear the effects of yet another powerful hit on their economy, Venezuela seems to be considering default and the Americans are weary of the consequences for its young and emerging shale oil industry. And then you have the Middle East, where the smallest match is enough to ignite the largest fire. But are these worries really justified or…

Read more…
1 Reply
Views: 90

Introducing the Global Risk Series - Book 1 Risk Management How Tos

Dear GlobalRisk Community member, Our community’s mission is to foster business, networking and educational explorations among members. Learn from some of the top experts in the industry as they clearly explain how to approach the most important Risk management concepts. Check out their expert tips and use the link at the end of each article to navigate back to the website to leave your comment or ask a question.   Some of the topics include: How do you Explain Risk Appetite?  How to Prepare a…

Read more…
16 Replies · Reply by GlobalRiskCommunity Mar 21
Views: 888

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead