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 to reach an estimated $13 billion by 2030 with a CAGR of 7% from 2023 to 2030. The major drivers for this market are increasing demand for organic products and growing awareness regarding disadvantages of chemical fertilizer and pesticides.
Compost is made from a mixture of organic materials in the form of green (nitrogen-rich) and brown (carbon-rich) stuffs including food waste, grass cuttings and shredded paper. These substances are decomposed by microorganisms such as bacteria and fungi that convert organic matter into humus rich in nutrients. Water is essential to maintain moisture levels for microbial activity. Composting is a natural process which changes organic waste into valuable soil amendment, thus promoting healthier plant growth as well as reducing landfill waste. The price of compost can be variable based on such factors as location, quality and supplier. In general, compost prices are quite competitive compared to other soil amendments and fertilizers. Prices are determined by costs arising from raw material (organic waste) acquisition, processing techniques used in production, or market demand changes. And this is why sometimes it may be more cost effective to use compost than synthetic fertilizers especially in some regions where demand for environmentally friendly practices has increased
• Lucintel forecasts that the agriculture segment will remain the largest segment to increasing demand for organic products and increasing consumer awareness towards food quality The horticulture segment is expected to witness the highest growth over the forecast period, due to safer, clean, and green food production.
• Yard trimming is expected to remain the largest product type due to its ability to recycle nutrients back into the soil and to reduce yard waste. Lucintel predicts that food waste compost is likely to experience the highest growth over the forecast period due to increasing food wastage around the globe and increasing awareness of food composting.
• Asia Pacific is expected to remain the largest market by value, and it is also expected to witness the highest growth over the forecast period because of growth in agriculture, home gardening, landscaping horticulture, and construction industries
Country wise Outlook for the Compost Market
The compost market is witnessing substantial growth globally, driven by increased demand from various industries such as agriculture, home gardening, landscaping. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major compost producers in key regions: the USA, China, India, Japan, and Germany.
Emerging Trends in the Compost Market
Emerging trends in the compost market shaping its future applications and market dynamics:
• Introduction of Biodynamic Composting to Produce High-Quality Compost in Large Quantities: It is a way of avoiding death through biodynamic composting which emphasizes on producing high quality composts in large quantities. This method integrates organic farming principles with specific practices like using biodynamic preparations and following lunar cycles. Biodynamic composting is all about biodiversity, soil quality and sustainability, hence it improves nutrient holding capacity and structure of the soil. By promoting microbial activity and nutrient cycling, biodynamic composting aims at producing a composite that is rich in useful microorganisms as well as nutrients.
• Use of Biochar in Composting: These days, biochar is increasingly being used alongside other substances during the process of composting so as to improve soil health besides retaining nutrients. Biochar refers to charcoal which is made from materials such as wood or agricultural wastes
• Innovations in Composting Technologies are Revolutionizing Efficiency and Odor Management: The latest advancements in technology for making compost rely on aerated static pile systems and in-vessel composting to hasten decomposition while controlling foul smells. To this effect, there are added benefits such as biofiltration for air purification with high-tech monitoring systems boosting efficiency thus closing resource loops resulting into environmental friendly composting processes.
• Biodynamic and Organic Farming: There has been a growing attraction towards biodynamic and organic farming methods where, the major focus is laid on using manure to enrich soils naturally hence improving nutrient availability and crop quality.
• Urban Agriculture: Urban farms and community gardens have seen an upsurge in demand for urban farms driven by sustainable food production initiatives leading to healthy soils within cities.
A total of 117 figures / charts and 100 tables are provided in this 204-page report to help in your business decisions. Sample figures with insights are shown below.
Recent Developments in the Compost Market
Ongoing innovations and advancements in various sectors of the compost market which have been highlighted by recent developments:
• Technological Advancements: Innovations in composting technologies such as aerobic static heap systems, in-vessel composting, and biofilters with high-efficiency for odor control and environmental sustainability.
• Market Expansion: Increased consumer demand for organic and sustainable goods has led to expansion of the compost market, which is now being applied more widely in agriculture, landscape maintenance & urban farming.
• Regulatory Support: Government initiatives promoting recycling of organic waste and composting that motivate corporations and local authorities to invest into composting infrastructures.
• Quality Standards: Certification programs have been established so far while quality standards are being developed to ensure uniformity and efficiency of the soil improvement through enrichment by compost products.
• Integration with Circular Economy: This is how waste reduction, resource preservation as well as soil fertility enhancement are achieved.
Strategic Growth Opportunities for Compost Market
The market for compost is in a good position to take advantage of strategic opportunities for growth in the future. These are some growth opportunities for the compost market:
• Government Policies and Regulations: Governments around the world are now starting to advocate it as an environmentally friendly and sustainable method of managing waste. Policies that support composting encourage a favourable environment for market expansion, such as subsidies for composting facilities or tax benefits for firms using compost. For example, regulations mandating organic waste diversion from landfill in countries like those in United States and Europe spur demand for composting services and products.
• Rising Demand in Agriculture: Compost improves soil structure, fertility, and water retention while reducing chemical fertilizer requirements making it valuable in agriculture. The increasing inclination towards organic farming as well as sustainable agricultural practices fuels demand for premium quality composts. Therein lies strategic opportunities like coming up with specific blends of manure meant to address various cropping needs; improving distribution networks that will effectively penetrate agricultural markets.
• Urban and Municipal Waste Management: Urbanization and increasing waste generation pose significant challenges for municipal waste management. By redirecting organic wastes from landfills into other uses, like composting, methane emissions can be reduced thereby creating more sustainable solutions to it all. This could entail expanding urban based infrastructure on composting through community-based programs on matter like community compost projects, municipal solid waste (MSW) partnerships among others.
• Expansion of Composting Technologies: Aerobic/ anaerobic systems bio-reactors; vermicomposting are some technological advances made on matters dealing with better methods of enhancing efficiency and scalability during the production process of composing. Some progress made on things such as odor control improvements have also led to increased market size brought about by uniformity in product quality leading customers to have faith in whatever they buy.
• Integration with Circular Economy Initiatives: As part of circular economy’s organic recycling stages which closes nutrient cycles arising from organic wastes hence enabling their return back into the soil. Strategic opportunities for growth include incorporating composting into other waste-to-resource projects such as organic waste bio-energy and biodegradable mulch films or compostable packaging.
• Consumer Awareness and Market Expansion: Gardening, landscaping, residential applications are some of the uses where demand for compost is driven by increasing environmental consciousness in terms of sustainable products. In order to stimulate market growth and broaden consumer segments, it is also possible to employ educational campaigns that promote compost use as beneficial for soil health and environmental stewardship.
By taking advantage of these strategic growth opportunities, the compost market can realize its full potential and transform numerous industries through strength, lightness, versatility.
Compost Market Driver and Challenges
Compost has a very important role in many industries including agriculture, home gardening, and landscaping. The changing market dynamics are being driven by the environmental awareness, regulatory support and demand in agriculture. However, the compost market faces challenges like production costs highlight strategic solutions to sustain growth and innovation.
The factors responsible for driving the compost market include:
1. Environmental Awareness: Soil degradation, landfill diversion, and greenhouse gas emissions are part of the environmental issues that cause demand for compost as a sustainable alternative to organic waste management.
2. Regulatory Support: Businesses and municipalities are incited by government policies and regulations that support composting and organic waste recycling so as to embrace composting hence creating an enabling regulatory environment.
3. Demand in Agriculture: Compost is preferred to chemical fertilizers due to the increased interest in organic farming and sustainable agricultural practices which have seen the improvement of soil health as well as crop productivity.
4. Circular Economy Initiatives: It closes nutrient loop, reduces dependency on finite resources, integrates bioenergy production with it, enhances market expansion through compost-based products.
5. Consumer Preferences: As consumer preference increases towards organic products, gardening and landscaping require more compost for their designs.
Challenges facing the compost market are:
1. Infrastructure and Technology: Limited infrastructure for large-scale composting and technological challenges in managing odor control, moisture levels, and nutrient retention can hinder efficient compost production.
2. Quality Assurance: Ensuring consistent compost quality, free from contaminants and pathogens, is critical but poses challenges in monitoring and compliance with quality standards.
3. Cost and Pricing: Cost pressures related to raw materials, processing, and regulatory compliance can influence pricing competitiveness and profit margins in the compost industry
Compost Suppliers and Their Market Shares
In this globally competitive market, several key players such as Harvest Power, Cocoa Corporation, Dirt Hugger, Worm Power, MyNoke etc. dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players contact us.
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
• Kaharim Farms
These companies have established themselves as leaders in the compost industry, with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within the compost market are evolving, with the entry of new players and the emergence of innovative compost technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Compost Market by Segment
Compost is increasingly vital in agriculture, home gardening, landscaping, horticulture, and construction as these sectors recognize its profound benefits. In agriculture and horticulture, compost enriches soil fertility, promotes plant health, and reduces reliance on chemical fertilizers. Home gardening enthusiasts utilize compost to improve soil structure, retain moisture, and foster healthier plant growth. In landscaping, compost serves as a sustainable soil amendment for parks, gardens, and urban green spaces, enhancing soil health and plant resilience. In construction, compost is utilized in green building practices for soil stabilization, erosion control, and landscaping applications, promoting environmental sustainability. The growing adoption of compost across these sectors underscores its role in fostering sustainable practices, enhancing crop productivity, and improving environmental stewardship.
This compost market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including application and product type. The report offers insights into regional dynamics, highlighting the major markets for compost and their growth potentials. The study includes trends and forecast for the global compost market by application, product type, and region as follows:
By Application [[Value $B and Volume B lbs. Analysis for 2018 – 2030]:
• Agriculture
• Home Gardening
• Landscaping
• Horticulture
• Construction
• Others
By Product Type [Value $B and Volume B lbs. Analysis for 2018 – 2030]:
• Yard Trimming
• Food Waste
• Manure
• Mushroom Compost
• Vermicompost
By Region [Value $B and Volume B lbs. Analysis for 2018 – 2030]:
North America
o US
o Canada
o Mexico
• Europe
o Russia
o Germany
o United Kingdom
o France
o Italy
• Asia Pacific
o China
o India
o South Korea
o Indonesia
o Japan
• The Rest of the World
o Brazil
o Turkey
o South Africa
Features of Compost Market
• Market Size Estimates: Compost market size estimation in terms of value ($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.
If you are looking to expand your business in compost or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the compost market size?
Answer: The global compost market is expected to reach an estimated $13 billion by 2030.
Q2. What is the growth forecast for compost market?
Answer: The compost market is expected to grow at a CAGR of 7% from 2024 to 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 is 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 Introduction of biodynamic composting to produce high-quality compost in large quantities, use of biochar in composting, innovations in composting technologies for efficient and odor-free processes, biodynamic and organic farming.
Q6. Who 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 to its ability to recycle nutrients back into the soil and to reduce yard waste.
Q8: In compost market, which region is expected to be the largest in next 7 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 7 years
Q9. Do 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 to 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 Who 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 do 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 to compost market or related to compost companies, compost market share, compost market analysis, compost market size, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.