Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1274.39 Million | USD 1974.61 Million | 5.66% | 2022 |
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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