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

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

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.

Market Overview:

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.

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.

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

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

In Chapter 4 and Chapter 14.2, on the basis of types, the Home 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 Home Compost market from 2018 to 2029 covers:

Offline
Online

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)