Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1274.39 Million | USD 1974.61 Million | 5.66% | 2022 |
The global composting equipment market size was worth around $ 1274.39 million in 2022 and is predicted to grow to around $ 1974.61 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.66% between 2023 and 2030.
The report analyzes the global composting equipment market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the composting equipment industry.
Composting equipment refers to a variety of tools and machines designed to facilitate the composting process. Composting is a process that includes breaking down organic matter, such as biodegradable materials, garden waste, and garbage into compost, which is a nutrient-rich soil conditioner. Composting equipment supports hastening and optimizing this process, making it easier and more beneficial for individuals, communities, and businesses to compost on a larger scale. There are several types of composting equipment including compost tumblers, compost turners, and compost containers.
Increasing Adoption of Sustainable Waste Management Practices is likely To Boost Global Market Growth.
The global composting equipment market has been experiencing significant growth due to the increasing adoption of sustainable waste management practices worldwide. As environmental concerns escalate and businesses, governments, & individuals seek more eco-friendly solutions, composting has emerged as a key strategy to tackle organic waste and reduce the environmental impact of landfills. Landfills not only occupy valuable land space but also generate harmful greenhouse gases, contributing to global warming and climate change.
In contrast, composting offers a sustainable opportunity via converting natural waste into nutrient-rich compost that can be used to enrich the soil and enhance plant growth. For Instance, in February 2023, the European Union (EU) announced a new regulation that will require all member states to recycle or compost at least 55% of their municipal waste by 2025. This regulation is expected to drive the demand for composting equipment in the EU.
The global industry shift towards sustainable and natural farming methods has become a substantial growth driver for the composting equipment market. Natural farming and gardening emphasize eco-friendly methods that prevent the use of synthetic pesticides, fertilizers, and genetically modified organisms. Instead, they rely on natural inputs like compost to nourish and boost biodiversity, improve soil fertility, and produce improved crops. Moreover, composting equipment organizations invest in research and development to create innovative solutions to optimize production efficiency and compost quality. These advancements include automation, data analytics, and remote monitoring capabilities to ensure composting operations run smoothly and provide organic farmers with consistently high-quality compost.
Initial high investment costs to restrict the global industry expansion.
Composting equipment, especially advanced and commercial-scale machinery, can be relatively expensive to purchase and set up. The costs may include acquiring compost turners, shredders, screening machines, in-vessel composting systems, and other necessary equipment, depending on the scale and complexity of the composting operation. Household compost bins or tumblers may be more affordable for small-scale users. However, for larger composting facilities like municipal or industrial operations, the initial investment can be a significant factor. This is likely to hinder the composting equipment industry growth to some extent.
Increasing global awareness and adoption of sustainable waste management practices to open new growth avenues for the global market.
As environmental concerns continue to escalate, governments, businesses, and individuals recognize the urgent need to reduce landfill waste and promote composting as an eco-friendly alternative. Composting not only keeps organic waste out of landfills, but they also reduce greenhouse gas emissions. It also produces nutrient-rich compost that can be used to enrich the soil and increase agricultural productivity. With composting gaining traction as a viable waste management solution, there is a rising requirement for advanced machinery and technologies that can process organic materials rapidly and efficiently. Organizations are meeting this demand by developing new innovative composting equipment like automatic turning systems, high-capacity composters, and odor control mechanisms.
Limited infrastructure and awareness to be a major challenge for the global industry surge.
The composting equipment market faces a significant challenge in the form of limited infrastructure and awareness about composting practices. Despite rising global awareness of the importance of sustainable waste management, different regions still lack the required infrastructure to support large-scale composting operations. Waste collection systems face a lack of composting facilities and limited access to suitable composting sites. Moreover, a lack of awareness about composting's advantages and processes hinders its widespread adoption. Many individuals and businesses remain unfamiliar with composting methods, leading to the continued disposal of organic waste in landfills, which involves environmental degradation and greenhouse gas emissions.
The global composting equipment market is segmented based on type, application, end-user, and region.
Based on the product, the global market is bifurcated into compost bins, compost tumblers, compost turners, worm composting systems, composting windrows, compost tea brewers, and others. The compost bins segment is expected to capture the largest market share during the forecast period. Compost bins are an important tool for homes, businesses, and industries to effectively manage organic waste and convert it into valuable compost.
This reduces the burden on landfills and contributes to sustainable waste management. One of the important driving factors for the compost bin segment is the rising awareness and acceptance of eco-friendly practices by individuals and organizations. As global awareness of climate change and environmental sustainability grows, more people are looking for practical ways to decrease their environmental footprint. Compost bins provide an easy-to-use solution and practical solution that allows users to compost garden waste, kitchen waste, and other organic materials at on-site or home.
Based on the application, the global composting equipment industry is divided into agriculture, home gardening, waste management, landscaping, and others. The agriculture segment is expected to dominate the market over the forecast, with several key factors fueling its expansion. One of the primary drivers is the increasing demand for organic farming practices worldwide.
As users become more health & environmentally conscious, there is an increasing preference for organic products, that require the use of natural fertilizers such as compost. Composting equipment plays a vital role in efficiently converting crop residues, agriculture waste, and animal manure into nutrients. High compost improves soil fertility and supports natural farming practices.
Based on the end users, the composting equipment industry is segmented into residential, commercial, industrial, municipal, and others. The commercial segment is expected to capture the largest revenue share during the forecast period. The commercial sector has played an important role in this growth of the global market, and many organizations have recognized the importance of reducing their impact. Composting equipment provides businesses with a practical solution to manage and recycle organic waste, including food waste & green waste, from various establishments such as hotels, restaurants, and supermarkets. By implementing eco-friendly practices, organizations not only help the environment but also contribute to a healthier, more sustainable future.
Report Attributes | Report Details |
---|---|
Report Name | Composting Equipment Market |
Market Size in 2022 | USD 1274.39 Million |
Market Forecast in 2030 | USD 1974.61 Million |
Growth Rate | CAGR of 5.66% |
Number of Pages | 225 |
Key Companies Covered | Green Mountain Technologies, Kollvik Recycling SL, Exaco Trading Company, Harvest Power, Big Hanna, Tidy Planet, Komptech, Joraform, Airex Industries, and BioHiTech Global. |
Segments Covered | By Type, By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to dominate the market during the forecast period
North America has witnessed significant growth in the global composting equipment market due to strict waste management regulations and landfill diversion targets set by governments. As landfill space becomes scarce and environmental concerns intensify, composting equipment has become an appealing solution for redirecting organic waste away from landfills. Moreover, the region's growing emphasis on sustainability and environmentally-friendly practices has prompted businesses, municipalities, and households to integrate composting equipment into their waste management plans.
Europe has taken the lead in promoting circular economy principles, which focus on resource efficiency and waste reduction. The composting device is a critical part of this method, as it transforms natural waste into valuable compost which could improve soils and result in sustainable agriculture. The region's determination to reduce greenhouse gasoline emissions and promote a greener destiny has led to favorable regulations and incentives for composting, which have driven the growth of the composting equipment market in Europe.
The global composting equipment market is dominated by players like:Green Mountain Technologies
By Type
By Application
By End-user
FrequentlyAsked Questions
Composting equipment refers to a variety of tools and machines designed to facilitate the composting process. Composting is the natural breakdown of organic matter, such as garbage, garden materials, and other biodegradable materials, into soil rich in amendments, called compost.
The global shift towards sustainable and organic agricultural practices has become a significant growth driver for the composting equipment market. Organic agriculture and horticulture prioritize environmentally friendly methods that avoid the use of synthetic fertilizers, pesticides, and genetically modified organisms.
According to the report, the global market size was worth around $ 1274.39 million in 2022 and is predicted to grow to around $ 1974.61 million by 2030.
The global composting equipment market is expected to grow at a CAGR of 5.66% during the forecast period.
The global composting equipment market growth is expected to be driven by North America. due to its stringent waste management regulations and increasing emphasis on sustainability, driving the adoption of composting practices for organic waste diversion.
The global composting equipment market is dominated by players like Green Mountain Technologies, Kollvik Recycling SL, Exaco Trading Company, Harvest Power, Big Hanna, Tidy Planet, Komptech, Joraform, Airex Industries, and BioHiTech Global.
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