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Circular economic tech has not progressed among European investors. But starters who are finding new biowaste works from agrifood and other sources are helping open € 1.8 trillion ($ 1.89 trillion) at a possible cost on the continent.

Every year, Europeans to throw 88 million tons of food – that’s 173 pounds per person. Starters such as Olio, Too Good To Go, Oddbox, Babaco Market, KITRO, Zero-Gachis, and others are working to eliminate food waste through various landing methods.

OddBox in the UK and the Babaco Italian Market sell ‘wonky’ fruits and vegetables from manufacturers – which are edible but not cheap enough to sell in supermarkets.

Also in the UK, Olio connects consumers to restaurants, supermarkets, and department stores and food supplements that would otherwise not be used. Zero-Gachis of France and Too Good To Go of Denmark work on similar models.

Currently, KITRO of Switzerland and Orbisk of the Netherlands develop monitoring tools and software for companies and consumers to monitor and prevent food waste.

Agrifoodtech waste-related businesses earned $ 239 million among them by 2021, or 2.8% of total agrifoodtech revenue on the continent (see chart below.) Data was released in AgFunder and Invest-NL’s Europe-focused ‘Climate Investing’ report. released as part of AgFunder’s Europe 2022 Agrifoodtech Investment Report.

Source: AgFunder / Invest-NL

The fact that agrifoodtech financial backbone is the one that explains the amount of revenue coming in; the lack of progress on investors, however, is the main reason.

Landing results

The devastating effects of food waste are a major factor in Europe’s rising economy, which has risen sharply over the past year. Such companies are helping to reduce the cost of more than € 143 billion ($ 144 billion) in lost food costs each year – not at the end of the river.

On the surface, Forenamics in Germany provides job-like predictions to help food producers anticipate the value of their products. The UK’s Mimica is making smart CDs to prevent food spoilage and improve food safety.

In Denmark, Carbo Culture is processing food and other waste streams from biomass near a source and converting them into another fuel source.

Only a handful of food-producing businesses in the upper part of the world received money from European investors last year. But eradicating men’s garbage back at a high cost is likely to have a significant impact, according to a 2020 report from the European Environment Agency.

“Reducing the need for food to prevent food waste can reduce environmental degradation in the production, processing, and transport of food. The benefits of reducing such damage to the upper reaches of the river are far greater than any other environmental benefits from recycling, ”states the report.

Top 10 European start-ups from 2021

Source: AgFunder / Invest-NL

Alt-plastic

Manufacturing and utilization of sustainable food production has raised more than a quarter of the European economy ‘s share of agrifoodtech last year. Few are developing sustainable or high-performance alternatives to traditional, oil-based plastics; These include Woodly of Finland, a woodworking manufacturer, and Kelpi of the UK, which manufactures impermeable plastic from seawater.

In the Netherlands, Pieter Pot is an online waste disposal company that uses plastic bags in its sales. Pyxo, from France, is trying to persuade companies and restaurants to change food containers that can be used to set up collection, cleaning, and processing equipment. & Repeat from Sweden is a recycling company that focuses mainly on discarded food.

Few starters are struggling with agricultural waste and other production methods. Finland’s Infinited Fiber raised $ 35.6 million last year to convert perishable materials such as wheat and rice straw, and cardboard, into cotton imitation fabrics. Ricehouse from Italy uses – you think – rice waste to create new types of architecture.

At present, the surrounding economy is still a major factor in European agrifoodtech investors – although there is a significant advantage that has not been spent on preventing and recycling waste.



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