(2024-2028) Home Compost Market Evolution with USD 2322.67 Million and CAGR Value 4.35% | 103 Pages Report
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New 2023 Report on the Global "Home Compost Market" | Analytics Analysis | (103 Pages Report) -
The Home Compost Market stands as the largest segment within the Analytics Industry, exhibiting remarkable and consistent growth in its Compound Annual Growth Rate (4.35%). Forecasts indicate its promising trajectory continuing until 2028.
“According to the insights presented in the Market Research Report, the Home Compost Market is anticipated to exceed a value of USD 1799.01 Million by 2028. This marks a substantial increase from its 2022 valuation of USD 2322.67 Million. The projected growth is set to maintain a Compound Annual Growth Rate (4.35 %) between 2023 and 2028. For those interested, a Sample Report is available.”
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Report Coverage and Overview:
Market Overview of Global Home Compost market:
The latest research study on the global Home Compost market finds that the global Home Compost market reached a value of USD 1799.01 million in 2022. It’s expected that the market will achieve USD 2322.67 million by 2028, exhibiting a CAGR of 4.35% during the forecast period.
Compost is a mixture used to fertilize, strengthen soil structure, provide plants with a variety of nutrients, and increase the number of beneficial bacteria in the soil. Home compost can use various plant residues, poultry manure or other organic wastes to make organic fertilizers. Home compost is an effective way to dispose of certain organic materials such as leaves and certain food scraps.
Home compost can reduce waste pollution
The raw materials of home compost can be urban and rural organic solid waste, such as agricultural crop straw, rural farming manure, urban domestic waste, kitchen waste, food industry waste, etc. Home compost can reduce municipal waste. Urban households generate a large proportion of municipal waste, imposing high costs on local governments to manage this waste. Garbage also has significant environmental impacts and other adverse effects, such as soil and groundwater pollution, greenhouse gas emissions, consumption of large land resources for storage, reduced quality of life for residents, and public health risks. Home compost is considered a viable option for municipal waste disposal.
In addition, food waste collected together produces methane, a gas that contributes to the greenhouse effect. Home compost can reduce the amount of waste sent to the landfill, thereby turning kitchen waste that may have become an environmental problem into nutrients and returning it to the soil, reducing waste pollution. The need to reduce waste pollution is driving the home composting industry.
Using home compost can improve soil quality and help increase agricultural productivity
Home compost can bring economic benefits, reduce the negative impact of waste on the environment, and improve soil conditions. Additionally, farmers can use it as a means of improving soil quality. Composting was found to be more effective in terms of economics, level of investment, operating costs and land use reduction compared to other waste disposal methods. Composting of municipal waste, especially food waste, has net advantages compared to landfill or incineration, such as harmless production and reduced waste volume and weight.
Home compost can improve the structure of the soil and improve the ability of the soil to retain water and fertilizer. Compost is full of beneficial micro-organisms that create an optimal balance for the soil, making it more suitable for plants to grow in, thus helping to increase agricultural productivity. Agricultural demand for home compost products is driving the industry.
Region Overview:
In 2021, the share of the Home Compost market in Europe stood at 36.15%.
Company Overview:
Wormpower is one of the major players operating in the Home Compost market, holding a share of 0.42% in 2022.
Wormpower is the largest controlled environment vermicompost company in North America. Wormpower's Wormpower produces 100% organic castings and worm-processed materials that enhance the chemical, physical and biological aspects of the soil around the plant's root zone. With more than 80,000 square feet of indoor and indoor space, Wormpower is one of the largest controlled-environment vermicomposting facilities in the world.
Sri Gayathri Biotec is a leading Manufacturer and Exporter of Organic Fertilizers. Sri Gayathri Biotec was established in 2007 to provide products used in agriculture, horticulture, flowers, landscaping, aquaculture and other industries.
AGRN is one of the Egyptian companies involved in the development of the organic fertilizer industry (composting), established in 2009, and is one of the largest companies producing all kinds of composts.
Segmentation Overview:
By type, Yard Trimmings segment accounted for the largest share of market in 2021.
Yard Trimmings
Yard trimmings are those waste materials that will decompose or rot, including but not limited to grass, shrub trimmings, loose items, building materials, etc.
Food Wastes
Food waste refers to the waste produced by people's daily diet, such as food packaging bags and melon and fruit peels. Food waste includes various food scraps.
Leaves
Leaves are rich in carbon, and leaves can be an ingredient in good compost.
Manure (Cow, Horse, Sheep, Poultry)
Animal manure provides primary nutrients (nitrogen, phosphorus, potassium) and micronutrients for plant growth and is a source of organic matter. Increasing soil organic matter improves soil structure, increases water-holding capacity in sandy soils, improves drainage in clay soils, provides a source of slow-release nutrients, and promotes the growth of beneficial soil organisms.
Mushroom Compost
Mushroom compost is a mixture of organic matter used for mushroom growth. Mushroom compost can provide nutrients and increase the water-holding capacity of the soil.
Others
There are other types such as vermicomposting etc.
Application Overview:
The market's largest segment by application is the segment Offline, with a market share of 82.82% in 2021.
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The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Home Compost market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Research Scope
This report provides an overview of the global Home Compost market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Home Compost and its sub-markets in an intuitive way.
The following key players in the competitive landscape should be evaluated:
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Home Compost Market Drivers and Opportunities –
The Home Compost market research report examines a spectrum of drivers and opportunities that intricately impact the dynamics of the analyzed market. Drivers, which encompass elements such as technological advancements, shifting consumer behaviors, and favorable economic conditions, stimulate market growth by generating demand and avenues for expansion. Concurrently, opportunities arise from emerging trends, untapped market segments, and innovative business models, offering avenues for market players to explore and capitalize upon. By dissecting these drivers and opportunities, the report equips stakeholders with valuable insights to make informed decisions and strategically position themselves in the evolving market landscape.
Global Home Compost Market Types:
Global Home Compost Market Application:
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Regional Analysis Outlook Covered in Home Compost Market Research Report:
North America
Europe
Asia Pacific
Latin America
Middle East & South Africa
Home Compost Market Data-Driven Findings:
Incorporating data-driven findings, the Home Compost market research report unveils a wealth of insightful information derived from thorough analysis. By scrutinizing quantitative and qualitative data, the report unveils trends, patterns, and correlations that shed light on the market's intricacies. These findings encompass factors such as consumer preferences, purchasing behaviors, market segment performance, and competitive landscape assessments. The data-driven approach enables a deeper understanding of market dynamics, helping stakeholders identify growth opportunities, mitigate risks, and fine-tune strategies for optimal outcomes. Through the lens of robust data, the report empowers businesses to make well-informed decisions, capitalize on emerging trends, and gain a competitive edge in an ever-evolving market environment.
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