Lucintel Forecasts Compost Market to Reach $13.4 billion by 2030
Lucintel Forecasts Compost Market to Reach $13.4 billion by 2030
Blog Article
According to the recent study the compost market is projected to reach an estimated $13.4 billion by 2030 from $8.6 billion in 2024, at a CAGR of 6.5% from 2024 to 2030. Growth in this market is primarily driven by increasing demand for organic products and growing awareness regarding disadvantages of chemical fertilizer and pesticides.
Browse 117 figures / charts and 100 tables in this 204 -page report to understand trends, opportunities and forecast in 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).
Lucintel forecasts that the agriculture segment will remain the largest segment to increasing demand for organic products and increasing consumer awareness towards food quality The horticulture segment is expected to witness the highest growth over the forecast period, due to safer, clean, and green food production.
Yard trimming is expected to remain the largest product type due to its ability to recycle nutrients back into the soil and to reduce yard waste. Lucintel predicts that food waste compost is likely to experience the highest growth over the forecast period due to increasing food wastage around the globe and increasing awareness of food composting.
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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
Harvest Power, Cocoa Corporation., Dirt Hugger, Worm Power, MyNoke, Nutrisoil, Davo’s Worm Farm, Dirt Dynasty, SAOSIS, and Kaharim are the major suppliers in the compost market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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