Press release
Global Compost Market: Unveiling the Growth Rate, Key Drivers, and Significant Trends
Compost Market
Leveraging Organic Trends for Greener Growth: Compost Market Set for Steady Expansion through 2030
What Is The Projected Market Size Of The Global Compost Market And Its Growth Rate?
The compost market is on a solid growth trajectory, propelled by an increasing focus on sustainable practices and organic farming.
• Market size in 2024: $8.15 billion
• Market size in 2025: $8.86 billion (CAGR of 8.7%)
• Expected market size in 2029: $13.26 billion (CAGR of 10.6%)
Key factors driving this growth include the spread of home composting, expansion of commercial composting facilities, food waste reduction initiatives, and integration of compost in agriculture and urban planning.
What Is Driving The Growth In The Compost Market?
The burgeoning demand for organic farm products is the key driver propelling the growth of the compost market. Organic farm products, grown without the use of synthetic growth hormones, chemical fertilizers, insecticides, and pesticides, have witnessed a surge in demand, particularly during the COVID-19 pandemic. The heightened focus on health and immunity during this period has underpinned the increased consumption of organic foods, considered safer for the environment and human health. Organic farming extensively employs compost to augment soil fertility. For example, as per a report by IFOAM - Organics International and FiBL, the global area for organic farming extended over 96 million hectares by 2022, with almost 135 billion euros in organic food sales. Therefore, the growing demand for organic farm products is expected to further fuel the demand for compost in the forecast period.
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Who Are the Key Players Driving Compost Market Growth?
Vital players steering the growth of the compost market include:
• MEC Recycling Corporation
• Davo's Worm Farms
• Veolia Environnement S.A
• NutriSoil
• Sri Gayathri Biotec
• Charlie's Compost
• Attero
• WormUp LLC
• Tadweer - Abu Dhabi Waste Management Center
• Dirt Dynasty LLC
• McGill Environmental Systems
• Kahariam Farms
• Mobius Environmental Solutions Inc.
What Are The Key Trends In The Compost Market?
Significant trends shaping the compost market include:
• Innovations in compostable packaging
• Transition from waste to energy
• Legislations on organic waste
• Green infrastructure projects
• Collaborations for research and innovation
What Are The Segments Of The Global Compost Market?
The compost market can be segmented as follows:
1) By Product Type: Yard Trimming, Food Waste, Manure, Mushroom Compost, Vermicomposting
2) By Application: Agriculture, Home Gardening, Landscaping, Horticulture, Construction, Other Applications
Which Region Leads The Compost Market?
Asia-Pacific dominated the compost market in 2024 and is projected to continue its leadership as the fastest-growing region during the forecast period.
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What Is Covered In The Compost Market Global Market Report?
- Market Size Analysis: Analyze the Compost Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Compost Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Compost Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Compost Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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