According to a new market report published by Lucintel, the future of the
compost market looks promising with opportunities in the agriculture, home gardening, landscaping, horticulture, and construction industries. The global compost market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $8.9 billion by 2025 with a CAGR of 5% to 7% from 2020 to 2025. The major drivers for this market are increasing demand for organic products and growing awareness regarding disadvantages of chemical fertilizer and pesticides.
In this market, yard trimming, food waste, and manure are used in compost manufacturing. Lucintel forecasts that yard trimming compost will remain the largest segment over the forecast period due to its ability to recycle nutrients back into the soil and to reduce yard waste. Food waste compost is expected to witness the highest growth due to its unique properties as a raw compost agent and high moisture content.
Within the compost market, agriculture will remain the largest segment due to increasing demand for organic products and increasing consumer awareness towards food quality. Horticulture is expected to witness the highest growth due to safer, clean, and green food production.
Asia Pacific is expected to remain the largest region and it is also expected to witness the highest growth over the forecast period due to the growth of agriculture, home gardening, landscaping horticulture, and construction industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of bio dynamic compost and use of biochar in composting. Harvest Power, Pacific, Worm Power, Dirt Hugger, Agrilife, MyNoke, Nutrisoil, Davo’s Worm Farm, Dirty Dynasty, and Kahariam Farms are among the major suppliers of composts.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed growth opportunities in the global compost market by product type, application, and region. Lucintel has prepared a comprehensive research report entitled “
Growth Opportunities in the Global Compost Market 2019-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global compost market by product type, application, and region.as follows:
By Product Type [Volume (B lbs) and ($B) shipment analysis for 2014 – 2025]:
Yard Trimming
Food Waste
Manure
Mushroom Compost
Vermicomposting
By Application [Volume (B lbs) and ($B) shipment analysis for 2014 – 2025]:
Agriculture
Home Gardening
Landscaping
Horticulture
Construction
Others
By Region [Volume (B lbs) and ($B) shipment analysis for 2014 – 2025]:
North America
US
Canada
Mexico
Europe
Germany
United Kingdom
France
Russia
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
Brazil
Argentina
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