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New Zealanders are set to generate 4.3 million metric tons of food waste by 2026. This is an increase of 1.5 percent each year since 2021, when New Zealanders generated 3.9 million metric tons. Since 1995, the country has seen a rise of 2.8 percent each year. In 2021, New Zealand ranked 25th amongst countries producing the most food waste. Norway overtook the country with 3.9 million metric tons. China, Germany and Japan ranked 2nd, 3rd and 4th in this ranking, respectively.
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The surge in worldwide food production and consumption has inevitably led to an increase in food waste, unveiling ample opportunities in the food waste management market. For businesses, there's potential for profit in recycling or repurposing food waste into fertilizers, animal feed, and bioenergy. For governments and municipalities, reduced landfill...Read more