The global compost market is projected to reach $8.9 billion by 2025, at a CAGR of 6.2% during 2020-2025. 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 product
type (yard trimming, food waste, manure, mushroom compost, and
vermicomposting), application (agriculture, home gardening, landscaping,
horticulture, construction, and other applications), 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.
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Market Segmentation:
Based on product type,
the compost market is segmented into yard trimming, food waste, manure, mushroom
compost, and vermicomposting. The yard trimming segment accounted for the
largest share of the market in 2020 due to its ability to recycle nutrients
back into the soil and to reduce yard waste and food waste is expected to
register the highest CAGR during the forecast period, due to its unique
properties as a raw compost agent and high moisture content.
Asia Pacific is expected
to be the largest region with the highest growth over the forecast period due
to the growth of agriculture, home gardening, landscaping horticulture, and
construction industries.
Key Players in the compost
market are Harvest Power, Pacific, Worm Power, Dirt Hugger, Agrilife, MyNoke,
Nutrisoil, Davo’s Worm Farm, Dirty Dynasty, and Kahariam Farms.
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https://www.lucintel.com/compost-market.aspx
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.
To read more about this market please click on
https://www.lucintel.com/compost-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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