The market for composting equipment is projected to reach a value of US$ 120.0 million in 2022 and then grow at a CAGR of 3.4% to reach US$ 168.1 million by 2032. Growth is attributed to consumers’ shifting lifestyles.
Composting equipment is used to create fertiliser and rich soil conditioner (humus) from organic materials such as animal waste, municipal sludge, animal carcasses, and food by-products. Organic composting equipment makes use of organic materials that are placed in an environment with adequate amounts of oxygen, nitrogen, and water.
Composting equipment of various types is used to create compost for plant nutrition and commercial purposes. Composting equipment is designed and built to meet industry standards. Due to their fast processing and small size, a variety of small-scale composting equipment can be used for a variety of applications such as golf courses, universities, hospitals, restaurants, shopping malls, and so on.
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One of the major factors expected to accelerate the growth of the composting equipment market during the forecast period is the growing agriculture sector as a result of government investment in developing countries such as China, India, and Brazil. Other macroeconomic factors driving the composting equipment market globally include emerging economies such as Brazil, China, and India, rising employment rates, and changing consumer lifestyles.
Moreover, the global composting equipment market is also driven by rapidly growing manufacturing industry, owing to a high demand of composting equipment across the globe. In addition, significant demand for the composting equipment for residential purpose is also one of the major driving factors which help to grow the composting equipment market across.
Other factors expected to boost the composting equipment market during the analysis period include rapidly rising industrialization around the world, high demand for composting equipment for industrial applications such as high fibre composting, tunnel composting, and so on.
Market Competition
Some of the key participants present in the global Composting Equipment market include Midwest Biosystems, Inc., Compost systems, Kollvik Advanced Composting Solutions, Green Mountain Technologies, and BDP Industries, among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Midwest Biosystems, Inc., Compost systems, and Kollvik Advanced Composting Solutions account for a considerable market size, several regional level players are also operating across key growth regions, particularly in North America.
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Key Segments Profiled in the Composting Equipment Industry Survey
Composting Equipment Market by End Use:
- Commercial/Residential (Small- Scale) Composting
- Composting Toilet
- German Mound
- Ecuador Composting Method
- Sheet Composting
- Vermicomposting
- Container Composting
- Trench Composting
- Hot Container Composting
- Industrial (Large Scale) Composting Equipment
- Aerated Static Pile Composting
- Windrow Composting
- In-vessel Composting
- Mechanical & Biological Treatment
- High Fiber Composting
- Tunnel Composting
- Vermicomposting
Composting Equipment Market by Product Type:
- Compost Containers
- Compost Turners
- Compost Bins
- Compost Tumblers
Composting Equipment Market by Region:
- North America Composting Equipment Market
- Latin America Composting Equipment Market
- Europe Composting Equipment Market
- Asia Pacific Composting Equipment Market
- Middle East & Africa Composting Equipment Market
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