Compost Market Size, Share, Growth, Trends, Global Industry Analysis, By Type (Yard Trimmings, Food Wastes, Leaves Manure (Cow, Horse, Sheep, Poultry), Mushroom Compost, and Vermicomposting) By Application (Home Gardening, Landscaping, Golf Courses, and Horticultural), Regional Insights, and Forecast From 2024 To 2032

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Compost Market Report Overview

The global compost market size was USD 6.21 billion in 2023 and market is projected to touch USD 8.76 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.9% during the forecast period.

Compost is a rich source of nutrients that can be used in gardening, horticulture, and agriculture to improve soil fertility. When water is combined with brown materials (such as dead leaves, twigs, and branches) and green materials (such as grass clippings, and fruit and veggie scraps), it is made. Organic matter, such as leaves and food scraps, breaks down into the soil. In addition to recycling yard and kitchen waste, it adds nutrients to the soil, improves water retention, and prevents erosion in your garden. Through composting, bacteria, fungi, and other insects such as worms, sowbugs, and nematodes can accelerate the decomposition process. The decomposition of organic material is also an aerobic process, which requires oxygen. To create that airflow, compost piles must be turned regularly. Small compost piles can be moved with pitchforks, but larger piles require better solutions. Systems with air vents & pipes can increase oxygen through the pile, and small tumbler systems can assist in turning compost piles.

There are many uses for compost on the farm. It improves soil structure, infiltration rate, water holding capacity, and tilth. By doing so, soil microorganisms, soil organic matter, and soil humus will be increased. Nitrogen, phosphorous, potassium, and trace elements can also be added to it as a fertilizer supplement. It is non-odorous, never burns like fertilizers, suppresses insects and soilborne pathogens, and acts as a fungicide when mature. The high moisture content and unique properties of food waste compost are expected to drive the highest growth. Growing demand for organic products and heightened consumer awareness of food quality will keep agriculture at the forefront of the compost market. As a result of safer, cleaner, and greener food production, horticulture is expected to grow at the fastest rate.

COVID-19 Impact: Halt on Agriculture to Hamper Market 

As a result of emergency lockdowns imposed to prevent the virus from spreading, the COVID-19 pandemic affected the compost market. Since agriculture is a main segment of the compost market, seeds or other agricultural components were delayed due to a sudden disruption in the supply chain. As a result, the overall crop production system was delayed. A number of opportunities for expanding the market have arisen in the coming years due to the increasing adoption of advanced technologies and techniques to control pests and ensure easy identification of pest infections. As a result of COVID-19, organic waste and biofuels are now less necessary. Globally, this had an adverse effect on the trade of these goods, which hindered the expansion of businesses that handle food waste as well.

Latest Trends

"Increasing Demand for Mushroom Compost to Drive the Market"

For landscape supply companies, mushroom compost is a popular fertilizer option. Mushroom compost usually contains a good balance of organic compounds, which makes your soil fertile. In addition, it contains a good balance of macro and micronutrients for overall plant growth. Most nutrients are available to plants due to the relatively neutral pH. Additionally, it also improves the quality of sandy and clay-like soils. Moisture and nutrients are quickly drained from sand. Clay soil, however, is too compact for planting. It is important for these soil types to retain water and be properly aerated, so it is added as a blend with regular soil to meet these needs.

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Compost Market Segmentations

• By Type

The market is classified into yard trimmings, food wastes, leaves, manure (cow, horse, sheep, poultry), mushroom compost, and vermicomposting based on type. The yard trimmings segment will lead the compost market share throughout the forecast period.

• By Application

The market is classified into home gardening, landscaping, golf courses, and horticultural on the basis of application. The home gardening segment will lead the compost market share throughout the forecast period.

Driving Factors

"Growth in Food Waste Compost Usage to Drive the Market"

The properties of food waste make it a unique raw compost agent. Mixing fresh food waste with a bulking agent will absorb some of the excess moisture and provide structure since it has a high moisture content and low physical structure. Compared to post-consumer food waste, pre-consumer food waste is the easiest to compost. This is simply the preparation of food and diminished quality bulk, raw materials that are never seen by the consumer. Composting food waste is generally already separated from the rest of the waste stream, so no changes are needed to prevent contamination.

"Expansion of Agriculture to Drive the Market"

Because of the increasing demand for organic products and increased consumer awareness of food quality, agriculture is one of the major segments in the compost market that will continue to expand, which thereby aids the compost market growth as well.

Restraining Factors

"Disadvantages Associated with Vermicomposting to Restrain the Market"

When compost heaps decompose, they get hot enough to kill pathogens, weed seeds, and other problematic substances. Vermicompost bins, on the other hand, need to remain at a cool temperature to sustain earthworm life. It is therefore possible that vermicompost still harbors pathogens and other problems. Furthermore, vermicompost bins can encourage the growth of other bugs and pests present in starter soil, bedding, or worm food. Flies, centipedes, and fruit flies are some examples.

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Compost Market Regional Insights

"Asia Pacific to Dominate the Market Owing to Growth of Agriculture and Related Fields"

Over the forecast period, Asia Pacific is expected to remain the largest region and to witness the highest growth due to the growth of agriculture, home gardening, landscaping, and construction. As R&D investments in sophisticated horticulture methodologies and composting techniques increase, the area is expected to advance during the forecast period. rising discretionary income and population level.

After the Asia Pacific, North America is expected to hold the second largest global market share. Environmentally friendly production practices are becoming more popular in the U.S. Due to their harmful effects on soil and produce, people are becoming more aware of the need to reduce pesticide and fertilizer use. Organic compost is replacing harmful chemicals as a result, leading to an increase in market revenue.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage  "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP Compost COMPANIES

• MyNOKE (New Zealand)
• NutriSoil (Australia)
• Davo’s Worm Farms (Australia)
• Earthworm (Switzerland)
• Wormpower (U.S.)
• Kahariam Farms (Philippines)
• SAOSIS (India)
• Sri Gayathri Biotec (India)
• Jialiming (China)
• Dirt Dynasty (U.S.)
• SLO County Worm Farm
• Agrilife (India)
• Suman Vermi Compost (India)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.