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Compost Market: Trends, Opportunities and Competitive Analysis [2024-2030]

April 2024 | 150 pages | ID: CCFEABC4C315EN
Lucintel

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Compost Market Trends and Forecast

The future of the global compost market looks promising with opportunities in agriculture, home gardening, landscaping, horticulture and construction.The global compost market is expected t%li%reach an estimated $13.4 billion by 2030 with a CAGR of 6.5% from 2024 t%li%2030. The major drivers for this market are increasing demand for organic products and growing awareness regarding disadvantages of chemical fertilizer and pesticides.
        • Lucintel forecasts that the agriculture segment will remain the largest segment t%li%increasing demand for organic products and increasing consumer awareness towards food quality The horticulture segment is expected t%li%witness the highest growth over the forecast period, due t%li%safer, clean, and green food production.
                • Yard trimming is expected t%li%remain the largest product type due t%li%its ability t%li%recycle nutrients back int%li%the soil and t%li%reduce yard waste. Lucintel predicts that food waste compost is likely t%li%experience the highest growth over the forecast period due t%li%increasing food wastage around the globe and increasing awareness of food composting.
        • Asia Pacific is expected t%li%remain the largest market by value, and it is als%li%expected t%li%witness the highest growth over the forecast period because of growth in agriculture, home gardening, landscaping horticulture, and construction industries
Asia Pacific is expected t%li%remain the largest market in the Compost Market

1. United States: Companies like Waste Management, Inc. and Recology lead initiatives in the US market. The US government promotes composting as part of waste management strategies t%li%reduce landfill waste. Companies target organic waste from households, restaurants, and agricultural sectors for composting.

2. China: Chinese companies such as Beijing Orient Landscape & Environment Co., Ltd. and Shanghai Dezhou Environmental Technology Co., Ltd. dominate the market. With China's focus on environmental protection and sustainable development, composting initiatives aim t%li%reduce pollution and improve soil quality. The Chinese government promotes composting through subsidies and regulations.

3. Germany: Companies like EKO-PUNKT GmbH and REMEX Mineralstoff GmbH are prominent players in Germany. The German government's Circular Economy Act encourages composting t%li%reduce waste and promote resource efficiency. Companies collaborate with municipalities and agriculture sectors t%li%increase composting capacity.

4. Japan: Japanese companies such as Japan Environmental Planning Co., Ltd. and Ebara Environmental Plant Co., Ltd. are significant players. With Japan's limited landfill space, composting initiatives focus on organic waste from households and industries. The Japanese government provides grants and subsidies t%li%promote composting facilities.

5. India: Indian companies like Nirvana Recycling Pvt. Ltd. and Organica Biotech Pvt. Ltd. are key players. The Indian government's Swachh Bharat Mission promotes composting t%li%manage organic waste and improve soil health. Companies target urban and rural areas for decentralized composting solutions.

Emerging Trends in the Compost Market

Emerging trends, which have a direct impact on the dynamics of the compost industry, include development of bi%li%dynamic compost and use of biochar in composting.

A total of 117 figures / charts and 100 tables are provided in this 204-page report t%li%help in your business decisions. Sample figures with insights are shown below.

Compost Market by Segment

The study includes trends and forecast for the global compost market by application, product type, and region as follows:

By Application [$B and B lbs. shipment analysis for 2018 – 2030]:
  • Agriculture
  • Home Gardening
  • Landscaping
  • Horticulture
  • Construction
  • Others
By Product Type [$B and B lbs. shipment analysis for 2018 – 2030]:
  • Yard Trimming
  • Food Waste
  • Manure
  • Mushroom Compost
  • Vermicompost
By Region [$B and B lbs. shipment analysis for 2018 – 2030]:
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Russia
  • Germany
  • United Kingdom
  • France
  • Italy
  • Asia Pacific
  • China
  • India
  • South Korea
  • Indonesia
  • Japan
  • The Rest of the World
  • Brazil
  • Turkey
  • South Africa
List of Compost Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies compost companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the compost companies profiled in this report include.
  • Harvest Power
  • Cocoa Corporation.
  • Dirt Hugger
  • Worm Power
  • MyNoke
  • Nutrisoil
  • Davo’s Worm Farm
  • Dirt Dynasty
  • SAOSIS
  • Kaharim Farms
Recent Developments in the Compost Market
        • Increasing Adoption of Compostable Packaging: The compost market is witnessing significant growth due t%li%the increasing adoption of compostable packaging materials by various industries, including food and beverage, retail, and e-commerce. Compostable packaging offers an eco-friendly alternative t%li%traditional plastic packaging, addressing environmental concerns such as plastic pollution and landfill waste. Manufacturers are investing in the development of compostable packaging solutions made from biodegradable materials such as plant-based polymers and paper-based substrates t%li%meet consumer demand for sustainable packaging options.
            • Government Initiatives t%li%Promote Composting: Governments worldwide are implementing initiatives t%li%promote composting and organic waste management as part of their efforts t%li%achieve environmental sustainability goals and reduce greenhouse gas emissions. Policy measures such as incentives, subsidies, and regulatory frameworks are encouraging households, businesses, and municipalities t%li%compost organic waste materials such as food scraps, yard trimmings, and agricultural residues. These initiatives aim t%li%divert organic waste from landfills, promote soil health and fertility, and mitigate climate change through carbon sequestration in composted organic matter.
        • Rising Demand for Compost-based Soil Amendments: The demand for compost-based soil amendments is on the rise due t%li%the growing awareness of the benefits of compost in improving soil health, fertility, and productivity. Compost is rich in organic matter, nutrients, and beneficial microorganisms, making it an ideal soil conditioner for agricultural, horticultural, and landscaping applications. Farmers, gardeners, and landscapers are increasingly incorporating compost int%li%their soil management practices t%li%enhance soil structure, water retention, nutrient availability, and crop yields while reducing the need for synthetic fertilizers and chemical inputs.
        • Expansion of Composting Infrastructure: The composting industry is witnessing investments in the expansion and modernization of composting infrastructure t%li%accommodate growing volumes of organic waste and meet increasing demand for compost products. Composting facilities are adopting advanced technologies such as aerated static pile composting, in-vessel composting, and anaerobic digestion t%li%optimize the composting process, improve operational efficiency, and reduce odor and emissions. These investments aim t%li%enhance composting capacity, throughput, and product quality while complying with regulatory requirements and environmental standards.
        • Partnerships and Collaborations for Compost Market Development: Companies and organizations in the compost industry are forming partnerships and collaborations t%li%drive market development, innovation, and education initiatives. Collaborative efforts between compost producers, waste management companies, environmental nonprofits, and government agencies aim t%li%raise awareness about composting benefits, improve collection and processing infrastructure, and expand market opportunities for compost products. These partnerships facilitate knowledge sharing, technology transfer, and best practices dissemination t%li%accelerate the growth and sustainability of the compost market
Features of Compost Market
  • Market Size Estimates: Compost market size estimation in terms of value($B) and Volume (B lbs.)
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Compost market size by various segments, such as application, product type and region, in terms of value and volume.
  • Regional Analysis: Compost market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different application, product type and regions for the compost market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the compost market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ

Q1. What is the compost market size?

Answer:The global compost market is expected t%li%reach an estimated $13.4 billion by 2030.

Q2. What is the growth forecast for compost market?

Answer:The compost market is expected t%li%grow at a CAGR of 6.5% from 2024 t%li%2030.

Q3. What are the major drivers influencing the growth of the compost market?

Answer: The major drivers for this market are increasing demand for organic products and growing awareness regarding disadvantages of chemical fertilizer and pesticides.

Q4. What are the major applications or end use industries for compost?

Answer:Agriculture are the major end use industries for compost market.

Q5. What are the emerging trends in compost market?

Answer:Emerging trends, which have a direct impact on the dynamics of the compost industry, include development of bi%li%dynamic compost and use of biochar in composting.

Q6. Wh%li%are the key compost companies?

Answer:Some of the key compost companies are as follows:
  • Harvest Power
  • Cocoa Corporation.
  • Dirt Hugger
  • Worm Power
  • MyNoke
  • Nutrisoil
  • Davo’s Worm Farm
  • Dirt Dynasty
  • SAOSIS
  • Kaharim Farm
Q7.Which compost product segment will be the largest in future?

Answer: Lucintel forecasts that yard trimming compost will remain the largest segment over the forecast period due t%li%its ability t%li%recycle nutrients back int%li%the soil and t%li%reduce yard waste.

Q8: In compost market, which region is expected t%li%be the largest in next 5 years?

Answer:Asia Pacific is expected t%li%remain the largest region and witness the highest growth over next 5 years

Q9. D%li%we receive customization in this report?

Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the global compost market by product by product type (yard trimming, food waste, manure, mushroom compost, and vermicomposting), application (agriculture, home gardening, landscaping, horticulture, construction, and other applications),and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats t%li%the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Wh%li%are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat d%li%they pose for loss of market share via material or product substitution?

Q.11 What M & A activities did take place in the last five years in this market?

For any questions related t%li%compost market or related t%li%compost companies, compost market share, compost market analysis, compost market size, write Lucintel analyst at email: [email protected]. We will be glad t%li%get back t%li%you soon.
1. EXECUTIVE SUMMARY

2. MARKET BACKGROUND AND CLASSIFICATIONS

2.1: Introduction, Background, and Classification
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030

3.1: Macroeconomic Trends
3.2: Macroeconomic Forecast
3.3: Global Compost Market Trends and Forecast
3.4: Global Compost Market by Application
  3.4.1: Agriculture
  3.4.2: Home Gardening
  3.4.3: Landscaping
  3.4.4: Horticulture
  3.4.5: Construction
  3.4.6: Others
3.5: Global Compost Market by Product Type
  3.5.1: Yard Trimming
3.5:2: Food Waste
  3.5.3: Manure
  3.5.4: Mushroom Compost
  3.5.5: Vermi Compost

4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION

4.1: Global Compost Market by Region
4.2: North American Compost Market
  4.2.1: North American Market by Application
  4.2.2: North American Market by Product Type
  4.2.3: United States Compost Market
  4.2.4: Canadian Compost Market
  4.2.5: Mexican Compost Market
4.3: European Compost Market
  4.3.1: European Market by Application
  4.3.2: European Market by Product Type
  4.3.3: Russian Compost Market
  4.3.4: German Compost Market
  4.3.5: United Kingdom Compost Market
  4.3.6: French Compost Market
  4.3.7: Italian Compost Market
4.4: APAC Compost Market
  4.4.1: APAC Market by Application
  4.4.2: APAC Market by Product Type
  4.4.3: Chinese Compost Market
  4.4.4: Japanese Compost Market
  4.4.5: Indian Compost Market
  4.4.6: Indonesia Compost Market
  4.4.7: South Korean Compost Market
4.5: ROW Compost Market
  4.5.1: ROW Market by Application
  4.5.2: ROW Market by Product Type
  4.5.3: Brazilian Compost Market
  4.5.4: Turkey Compost Market
  4.5.5: South African Compost Market

5. COMPETITOR ANALYSIS

5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis

6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

6.1: Growth Opportunity Analysis
  6.1.1: Growth Opportunities for the Global Compost Market by Application
  6.1.2: Growth Opportunities for the Global Compost Market by Product Type
  6.1.3: Growth Opportunities for the Global Compost Market by Region
6.2: Emerging Trends of the Global Compost Market
6.3: Strategic Analysis
  6.3.1: New Product Development
  6.3.2: Mergers, Acquisitions, and Joint Ventures in the Global Compost Market
  6.3.3: Certification and Licensing
  6.3.4: Technology Development

7. COMPANY PROFILES OF LEADING PLAYERS

7.1: Harvest Power
7.2: Cocoa Corporation.
7.3: Dirt Hugger
7.4: Worm Power
7.5: MyNoke
7.6: Nutrisoil
7.7: Davo’s Worm Farm
7.8: Dirt Dynasty
7.9: SAOSIS
7.10: Kaharim Farm


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