Compost Market is anticipated to grow at a CAGR of 6.4% during 2021-2027
The global compost market is projected to reach $10 billion by 2027, at a CAGR of 6.4% during 2021-2027. The growth of compost market is driven by increasing demand for organic products and growing awareness regarding disadvantages of chemical fertilizer and pesticides.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the compost market by application (agriculture, home gardening, landscaping, horticulture, construction, and other applications), product type (yard trimming, food waste, manure, mushroom compost, and vermicomposting), 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 What are the business risks and threats to the compost market?
Q.4 What are some changing demands of customers in the compost market?
Q.5 What are the new developments in the compost market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this compost area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this compost market?
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.
Market Segmentation:
Based on application, the compost market is segmented into agriculture, home gardening, landscaping, horticulture, construction, and other applications. The agriculture segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing demand for organic products and increasing consumer awareness towards food quality.
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.
Key Players in the compost market are Harvest Power, Cocoa Corporation., Dirt Hugger, Worm Power, MyNoke, Nutrisoil, Davo’s Worm Farm, Dirt Dynasty, SAOSIS, and Kaharim Farms.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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