Household Composters Market To Showcase A Trajectory Growth of $725.5 Million Till 2028, Due To High Demand For Compost From Agriculture Sector Globally | Million Insights

Household Composters Market To Showcase A Trajectory Growth of $725.5 Million Till 2028, Due To High Demand For Compost From Agriculture Sector Globally | Million Insights
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According to new report available with Million Insights, the global household composters industry is expected to witness enhanced growth owing to rising awareness about bio-waste management and eco-friendly organic practices among people during the forecast period.

The global household composters market size is expected to reach USD 725.5 million by 2028, registering a CAGR of 6.6% over the forecast period, according to a new report by Million Insights. Increased awareness among consumers about home composting and rising demand for compost from the agriculture sector will drive the global market growth in near future. Supportive initiatives undertaken by various governments through municipalities’ public outreach programs to encourage consumers to use household composters will also drive the market.

In addition, increasing awareness about organic farming has highlighted the importance of home composting as it enriches the soil, improves water and soil conservation, protects groundwater quality, and reduces fertilizer requirements. This factor is likely to increase the demand for composters in organic farming, thereby supporting market growth. Rising demand for composters to accommodate wastage generated at the places like schools, restaurants, corporate offices in the form of vegetables & fruits, tea bags, nutshells, eggshells, leftovers, the paper will drive the product demand.

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U.S. Household Composters Market size, by product type, 2018 - 2028, (USD Million)

The stationary product type segment accounted for the highest revenue share of more than 42% in 2020. Stationary composters are available in various sizes and are capable of consuming a large amount of food scrap and yard waste. In these composters, fresh waste can be added from the top and the bottom side is open, which speeds up the process.

Household composters with a capacity above 100-gallon accounted for the largest share of more than 40% in the global revenue in 2020. On the basis of capacity, the market has been divided into below 50 gallons, 51 – 100 gallons, above 100 gallons. Generally, composters with a capacity above 100 gallons are stationary and turning the contents is quite tough.

Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2028. The growth can be credited to the factors, such as high comestible wastage generation due to rising population, especially in China and India, increasing awareness about composting, and regional governments’ public outreach programs encouraging product usage.

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Global Household Composters Market share, by material, 2020 (%)

Household Composters Market Report Highlights

• Europe was the largest regional market in 2020 and accounted for a share of over 38%. This growth was credited to the factors, such as high product demand in the agriculture sector, high awareness about composting, and supportive government regulations encouraging the product usage

• The product type tumbler segment is projected to register the fastest CAGR of more than 7% from 2021 to 2028

• This growth can be attributed to the growing demand for tumblers as they provide mature compost in less time

• Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2028 due to the government initiatives encouraging product usage

• The plastics material segment accounted for the largest revenue share in 2020 and is projected to expand further at the fastest CAGR of over 7% from 2021 to 2028 due to the easy availability and affordability of plastics

Household Composters Market Segmentation

Million Insights has segmented the global household composters market on the basis of product type, material, capacity, and region:

  • Household Composters Product Type Outlook (Revenue, USD Million, 2017 – 2028)
    • Stationary
    • Tumbler
    • Compacting
  • Household Composters Material Outlook (Revenue, USD Million, 2017 – 2028)
    • Plastic
    • Metal
    • Others
  • Household Composters Capacity Outlook (Revenue, USD Million, 2017 – 2028)
    • Below 50 Gallons
    • 51 – 100 Gallons
    • Above 100 Gallons
  • Household Composters Regional Outlook (Revenue, USD Million, 2017 – 2028)
    • North America
      • U.S.
      • Europe
        • Germany
        • U.K.
      • Asia Pacific
        • China
        • India
        • Japan
      • Central & South America
        • Brazil
      • Middle East & Africa
        • South Africa

List of Key Players of Household Composters Market

  • Algreen Products, Inc.
  • Enviro World Corp.
  • Envirocycle Systems, Inc.
  • Exaco Trading Co.
  • Forest City Models and Patterns Ltd.
  • Good Ideas Inc.
  • Natures Footprint, Inc.
  • Presto Products Co.
  • Schiller Grounds Care, Inc.
  • The Scotts Miracle-Gro Co.

 

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