Global Compost Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Compost Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Compost is a mixture that consists largely of decayed organic matter and is used for fertilizing and conditioning land. It is commonly prepared by decomposing plant and food waste and recycling organic materials. The resulting mixture is rich in plant nutrients and beneficial organisms.

Market Overview:

The latest research study on the global Compost market finds that the global Compost market reached a value of USD 3316.74 million in 2022. It’s expected that the market will achieve USD 4539.55 million by 2028, exhibiting a CAGR of 5.37% during the forecast period.

The cost of enterprises increases

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

In terms of raw materials

Compost products mainly come from household waste generated in People's Daily life and commercial waste from commercial operations. The total amount of waste produced has not changed much since the outbreak of COVID-19, but household waste has increased and commercial waste from the commercial sector has decreased.

There has also been an increase in single-use packaging waste due to the spread of convenience food and supermarket grocery bag delivery services, as well as takeaway services. The vast majority of such packaging cannot be used for Compost, so more and more plastic packaging ends up in landfills.

On the downstream demand side

As people pick up new hobbies while they remain in self-quarantine due to the COVID-19 pandemic, interest in gardening and farming is experiencing a boom among people. More, food costs in general are going up, in part due to inflation, which could be another driver for people to pick up gardening.

In Russia, demand for seeds rose by 20%-30% year-on-year in March 2021, according to online retailer Ozon. In 2021, National Gardening Association conducted a study on gardening statistics in the United States and found that gardening participation was way up from pre-pandemic years. Garden Center magazine study analyzed independent garden centers and found that from 2020 to 2021, there was strong growth among younger customer demographics. U.S. and Canadian garden centers saw a whopping 65% increase in millennial customer demographics. Increased interest in horticulture and agriculture means increased demand for Compost products.

Per capita arable land resource is deficient, fertilizer demand is big

The global population is increasing and arable land per capita is scarce. Globally agricultural land area is approximately five billion hectares, or 38 percent of the global land surface. About one-third of this is used as cropland, while the remaining two-thirds consist of meadows and pastures) for grazing livestock.

In order to meet the food demand of the residents, it is necessary to improve food yield through various ways, among which fertilization is an important way to increase production, so the overall global demand for fertilizer is high. This will drive the Compost industry.

The quality of the products is uneven

Compost's raw materials contain heavy metals, antibiotics and other substances. Some companies lack testing equipment and testing technology, so they cannot pass self-inspection, leading to unqualified products

Compost's raw materials come from a variety of sources and are accurately identified, which increases the risk of product safety. For example, antibiotics are contained in feed and feces produced by livestock after consumption. In addition, in order to reduce costs and meet the requirements of organic matter and NPK indexes, some merchants illegally add mineral carbon (a kind of inorganic carbon) and inorganic NPK to Compost products, which affects the market order and is not conducive to the stable and orderly development of the industry.

Region Overview:

In 2022, the share of the Compost market in Europe stood at 29.7%.

Company Overview:

Wormpower is one of the major players operating in the Compost market, holding a share of 0.23% in 2022.

Wormpower

Worm Power is North America's largest controlled environment vermicompost company. Key fields: Earthworm Composting, Organic Fertilizer, Plant Disease suppression, and Manure Management.

Sri Gayathri Biotec

Sri Gayathri Biotec catering to the requirements of Agricultural, Horticulture, Floriculture, Landscaping, Aquaculture etc., ever. Products: Organic Manure, Vermicompost, City Compost, Vermiwash, Panchagavya.

Segmentation Overview:

By type, Yard Trimmings segment accounted for the largest share of market in 2022.

Application Overview:

In the Compost market, 30.83% of the total value was generated through the Agriculture segment by application in 2022.

Key Companies in the global Compost market covered in Chapter 3:

Unco Industries
Suman Vermi Compost
Charlie's Compost
NutriSoil
Tadweer
MyNOKE
Davo's Worm Farms
Sri Gayathri Biotec
Veolia
Michigan Peat
SLO County Worm Farm
AGRN
Wormpower
MEC Recycling

In Chapter 4 and Chapter 14.2, on the basis of types, the Compost market from 2018 to 2029 is primarily split into:

Yard Trimmings
Food Wastes
Leaves
Manure (Cow, Horse, Sheep, Poultry)
Mushroom Compost
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Compost market from 2018 to 2029 covers:

Home Gardening
Landscaping
Golf Courses
Horticultural Industry
Agriculture
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)