NEW
YORK, July 3, 2024 /PRNewswire/ -- The global
household composters market size is estimated to grow by
USD 497.1 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 6.25% during the forecast period. Effective supply
chain management is driving market growth, with a trend towards
increased investment in R and D. However, availability of
alternative solutions poses a challenge. Key market players
include Algreen Products Inc., Enviro World Corp., Envirocycle
Systems Inc., Forest City Models and Patterns Ltd., Good Ideas
Inc., Jora Composters, Natures Footprint, Inc., Sampoorn Zero Waste
Pvt. Ltd, SCD Probiotics, LLC, Schiller Grounds Care Inc., The
Scotts Miracle Gro Co., and Track Trading Co..
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Household Composters
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.25%
|
Market growth
2024-2028
|
USD 497.1
million
|
Market
structure
|
Concentrated
|
YoY growth 2022-2023
(%)
|
5.5
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
36%
|
Key
countries
|
US, Germany, France,
UK, and Italy
|
Key companies
profiled
|
Algreen Products Inc.,
Enviro World Corp., Envirocycle Systems Inc., Forest City Models
and Patterns Ltd., Good Ideas Inc., Jora Composters, Natures
Footprint, Inc., Sampoorn Zero Waste Pvt. Ltd, SCD Probiotics, LLC,
Schiller Grounds Care Inc., The Scotts Miracle Gro Co., and Track
Trading Co.
|
Market Driver
Vendors are investing significantly in research and development
(R&D) to create advanced household composters. For instance,
Enviro World Corporation has allocated over a million dollars
towards product and service innovation since 2009. Their primary
goal is to deliver unique, top-tier, and distinct composters for
both residential and commercial consumers. This substantial
investment in R&D is projected to fuel market growth throughout
the forecast period.
The household composters market is experiencing significant
growth due to increasing consumer awareness regarding waste
reduction and sustainability. Consumers are looking for convenient
and effective ways to manage kitchen waste at home. Composting is
an eco-friendly solution that converts organic waste into
nutrient-rich soil. Companies are responding to this trend by
producing a variety of composters, from simple tumblers to
automated systems. These composters come in different sizes and
designs, catering to various household needs. The market is also
witnessing the introduction of composting bins with features like
odor control, easy emptying, and compact designs. The future of the
household composters market looks promising as more people adopt
this practice to reduce their carbon footprint and contribute to a
greener environment.
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Market Challenges
- The household composters market may face challenges due to the
availability of alternative methods like packaged manure,
composting techniques, and civic waste collection. Additionally,
factors such as low gardening interest, time constraints, chemical
fertilizer usage, and real estate growth may negatively impact
market expansion over the next five years.
- The household composters market faces several challenges. One
major challenge is the lack of awareness and education about the
benefits of composting and the proper use of composters. Another
challenge is the availability and accessibility of affordable and
effective composters for households. Additionally, the market is
fragmented with numerous players offering various types of
composters, making it difficult for consumers to make informed
decisions. Furthermore, the market is influenced by factors such as
government regulations, consumer preferences, and technological
advancements. Addressing these challenges requires a multi-pronged
approach, including education and awareness campaigns, affordable
pricing strategies, and innovation in composter technology.
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challenges - Request a sample report!
Segment Overview
This household composters market report extensively covers
market segmentation by
- Product
- 1.1 Tumbler
- 1.2 Stationary
- 1.3 Compacting
- Material
- 2.1 Plastic
- 2.2 Metal
- 2.3 Others
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Tumbler- Household composters market is
experiencing steady growth due to increasing environmental
consciousness and government initiatives. Consumers are recognizing
the benefits of composting at home, such as reducing waste and
improving soil quality. Manufacturers are responding with
innovative designs and affordable prices, making composters
accessible to a wider audience. This trend is expected to continue,
as more households seek sustainable solutions for managing their
kitchen and yard waste.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Household Composters market is experiencing significant
growth due to the increasing awareness of eco-friendly practices
and the need for sustainable waste management solutions. Households
are increasingly turning to composting as a means of managing
kitchen waste, food scraps, and garden waste, thereby reducing the
amount of solid waste sent to landfills. Composting is an organic
process that converts bio waste into nutrient-rich compost, which
can be used as organic manure for gardening practices. This not
only reduces the reliance on chemical-based fertilizers but also
promotes food safety and hygiene. Household composters come in
various forms, including self-composting systems and Solar
digesters, which offer hygienic value, germ control, and odor
reduction. Specialty stores and supermarkets are key distribution
channels for these composters, making them easily accessible to
households.
Market Research Overview
The household composters market encompasses the production,
sales, and distribution of composters designed for use in
residential settings. These composters facilitate the decomposition
of organic waste into nutrient-rich soil, reducing the need for
synthetic fertilizers and minimizing waste. Composting systems
vary, including static pile composting, vermicomposting, and
tumbler composters. The market growth is driven by increasing
environmental awareness, government regulations, and consumer
demand for sustainable waste management solutions. The compost
produced can be used for gardening and landscaping purposes,
further enhancing its value. The market faces challenges such as
odor control, space requirements, and consumer education on proper
usage. Overall, the household composters market presents a
significant opportunity for innovation and growth in the waste
management industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Tumbler
- Stationary
- Compacting
- Material
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio