Worldwide Trends Overview: The Rapid Development of the Compost Market

The compost market is gaining increasing attention as environmental concerns and sustainable practices take center stage globally. This market is set to experience substantial growth driven by innovations and expanding industries focused on ecological health. Let's explore the projected market size, leading companies, prevailing trends, and key segments shaping the compost industry's future.

Forecasted Growth Trajectory of the Compost Market Size Through 2029
The compost market is poised for swift expansion over the coming years. It is expected to reach a value of $13.03 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.3%. This upward trajectory is largely fueled by the adoption of circular economy principles, increasing efforts to combat climate change, heightened awareness about soil health, corporate sustainability programs, and the growing horticulture sector. Key trends anticipated to drive this market include advancements in compostable packaging, transitions from waste to energy use, evolving organic waste regulations, green infrastructure initiatives, and partnerships focused on research and innovation.

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Top Players Shaping the Compost Market Landscape
Several prominent companies currently lead the compost market, including 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., WeCare Organics Inc., Michigan Peat Company Inc., Compost Crew, Wormpower, Biophilica LTD, Solum Gruppen AB, Harvest Quest, Primitive Labs Inc., UNCO Industries Inc., Suman Vermi Compost, San Luis Obispo County Worm Farm LLC, and Circulus Agtech Corporation.

In a notable transaction in August 2022, US-based Synagro Technologies Inc., specializing in biosolids and waste management, acquired Liberty Composting Inc. This move is intended to enhance Synagro's composting capacity for organics and biosolids in California, broadening service options for clients in the region. Liberty Composting is recognized for its expertise in organics and biosolids composting services within the United States.

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Growing Influence of Strategic Partnerships in the Compost Market
One significant trend driving growth in this sector is the rise of strategic collaborations. Companies and organizations are increasingly partnering with compost producers and service providers to optimize the use of agricultural and household waste. For example, in May 2022, the City of Boston teamed up with Garbage to Garden, a US-based waste management firm, and Save That Stuff Inc., a US-based resource management company, to launch a curbside food waste collection program. The collected food scraps are processed into compost at the Save That Stuff facility, while the food waste from commercial sites is converted into slurry at the CORe facility, which is then used to generate biogas and renewable energy. This initiative supports Boston's Zero Waste Plan and exemplifies how partnerships are boosting the compost market.

How the Compost Market Is Structured by Product Type and Application
This report segments the compost market into the following categories:

1) By Product Type: Yard Trimmings, Food Waste, Manure, Mushroom Compost, Vermicomposting
2) By Application: Agriculture, Home Gardening, Landscaping, Horticulture, Construction, Other Uses

Further breakdowns include:

- Yard Trimmings: Grass Clippings, Leaves, Small Branches and Twigs
- Food Waste: Fruit and Vegetable Scraps, Cooked Food Waste, Eggshells
- Manure: Dairy Manure, Poultry Manure, Horse Manure
- Mushroom Compost: Spent Mushroom Substrate, Organic Mushroom Compost Blends
- Vermicomposting: Worm Castings, Vermicompost Mixtures

This detailed segmentation helps in understanding the various materials and end-uses driving the market's growth and diversification.

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This release was published on openPR.