Compost Global Market Report 2024

Compost, a soil-enhancing mixture rich in nutrients, aids plant growth and enriches soil by fostering helpful bacteria through aerobic, biological breakdown of biodegradable materials.

Compost comprises various products derived from yard trimmings, food waste, manure, mushroom compost, and vermicomposting. Yard trimmings, sourced from residential, institutional, and commercial origins, consist of discarded grass, leaves, tree trimmings, and brush. These materials are processed by methods such as chopping with tools, lawn mowers, or shredders. Compost finds applications across agriculture, home gardening, landscaping, horticulture, construction, and various other uses.

The compost market research report is one of a series of new reports from The Business Research Company that provides compost market statistics, including compost industry global market size, regional shares, competitors with a compost market share, detailed compost market segments, market trends and opportunities, and any further data you may need to thrive in the compost industry. This compost market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The compost market size has grown strongly in recent years. It will grow from $7.53 billion in 2023 to $8.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The expansion observed in the historical period can be attributed to the adoption of home composting practices, the expansion of commercial composting facilities, initiatives aimed at reducing food waste, the utilization of compost in agriculture, and the integration of compost into urban planning strategies.

The compost market size is expected to see strong growth in the next few years. It will grow to $11.83 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. Anticipated growth in the upcoming period is expected due to the adoption of circular economy practices, efforts toward climate change mitigation, increased awareness regarding soil health, corporate sustainability initiatives, and the expansion of the horticulture industry. Key trends projected for this period encompass innovations in compostable packaging, transitioning toward waste-to-energy solutions, developments in organic waste legislation, the implementation of green infrastructure projects, and collaborative efforts focused on research and innovation.

The surge in consumer interest in organic farm goods is driving the growth of the compost market. These products, cultivated without synthetic pesticides or chemical additives, have gained traction, particularly amid the COVID-19 pandemic, as health-conscious consumers prioritize immunity-boosting foods. Organic items are perceived as superior in quality and safer for both human health and the environment. Compost plays a pivotal role in organic farming by enhancing soil fertility. Notably, in September 2021, the National Institute of Food and Agriculture (NIFA) under the U.S. Department of Agriculture (USDA) allocated over $30 million across 33 grants to support farmers and ranchers producing top-tier organic goods. Consequently, the escalating demand for organic farm products is projected to drive the need for compost in the foreseeable future.

Anticipated water shortages are set to drive the growth of the compost market in the foreseeable future. These shortages, denoting insufficient freshwater resources to meet regional or population demands, can be alleviated by compost's ability to enhance soil water retention, facilitate moisture absorption, and reduce reliance on excessive irrigation. For instance, UNESCO, a France-based agency dedicated to global peace, reported in March 2023 that 2 billion individuals globally lack access to clean drinking water, constituting 26% of the world's population. Additionally, 3.6 billion people, accounting for 46% of the global populace, lack access to properly managed sanitation services. Urban residents facing water shortages are expected to double by 2050. Consequently, the scarcity of water resources is a key driver behind the growth of the compost market.

Collaborative alliances are emerging as a prominent trend within the compost market. Various companies and organizations are forging partnerships with compost manufacturers and service providers to optimize the utilization of agricultural and household waste. An illustrative case occurred in August 2021, as the city of Durango in Colorado, United States, established a public-private collaboration with Table to Farm Compost. This venture aims to amplify voluntary curbside composting participation through robust educational and outreach initiatives. Pending the success of these education and outreach endeavors, the city plans to evaluate the potential for scaling up mandatory participation within three to five years. Table to Farm Compost, a U.S.-based residential and commercial compost service, plays a pivotal role in assisting Durango households in adopting environmentally sustainable practices.

Major players in the compost market are concentrating on the development of sustainable compost derived from organic sources, particularly by-products of mushroom cultivation, to establish a competitive advantage. By-products in this context refer to secondary materials produced during mushroom cultivation, such as spent substrate, repurposed for applications such as composting. Envar Composting Ltd., a UK-based entity specializing in organic waste and biomass recycling, introduced Spent Mushroom Compost in May 2023. This product, derived from mushroom cultivation by-products, is tailored for home gardens and allotments. Comprised of organic elements such as horse bedding, poultry manure, wheat straw, gypsum, and casing soil, it boasts excellent water retention and lacks any unpleasant odors. Offering benefits such as soil structure enhancement, improved aeration, drainage, and sustainability through waste repurposing, reduced agricultural landfill, and lowered greenhouse gas emissions, this versatile, nutrient-rich compost is anticipated to gain favor among gardening enthusiasts and industry experts.

In August 2022, Synagro Technologies, Inc., a prominent US-based entity specializing in biosolids and waste management solutions, successfully completed the acquisition of Liberty Composting, Inc. This strategic move is set to significantly bolster Synagro's composting capabilities for organics and biosolids within California. The acquisition aims to offer a broader array of choices to both existing and potential clientele within the region. Liberty Composting, Inc., the acquired company, is recognized for its expertise in providing composting services catering to organics and biosolids within the United States.

Major companies operating in the compost market report are MyNOKE, MEC Recycling Corporation, Davo's Worm Farms, Veolia Environnement S.A., AGRN Group Inc., NutriSoil, Sri Gayathri Biotec, Charlie's Compost, Attero, Sepura Home Ltd., WormUp LLC, Tadweer - Abu Dhabi Waste Management Center, Dirt Dynasty LLC, McGill Environmental Systems, Kahariam Farms, Mobius Environmental Solutions Inc., WeCare Organics Inc., Michigan Peat Company Inc., CleanRobotics Inc., Compost Crew, Wormpower, Adaptavate Inc., Biophilica Ltd., Solum Gruppen AB, Harvest Quest, Primitive Labs Inc., UNCO Industries Inc., Suman Vermi Compost, Jialing Agriculture and Animal Husbandry Co. Ltd., San Luis Obispo County Worm Farm LLC, Circulus Agtech Corporation, Ouivelo

Asia-Pacific was the largest region in the compost market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compost market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the compost market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The compost market consists of sales of anaerobic, aerobic and vermicomposting. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Compost Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on compost market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for compost ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The compost market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product Type: Yard Trimming; Food Waste; Manure; Mushroom Compost; Vermicomposting
• 2) By Application: Agriculture; Home Gardening; Landscaping; Horticulture; Construction; Other Applications
• Companies Mentioned: MyNOKE; MEC Recycling Corporation; Davo's Worm Farms; Veolia Environnement S.A.; AGRN Group Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.