Market Definition
Compost is a product that is manufactured through the controlled aerobic and biological decomposition of biodegradable materials. Compost is the result of a compost pile. People often opt to make their compost by using pet waste, plant clippings, viable food scraps, and weeds, among others. Compost is economical and environmentally friendly and is a good source of nutrition for vegetables and fruits bearing plants.
Data Bridge Market Research analyses that the Europe compost market is expected to reach the value of USD 52.14 million by the year 2029, at a CAGR of 4.4% during the forecast period. “Agriculture” accounts for the most prominent application segment in the respective market owing to the rise in the demand for compost for organic farming. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Market Analysis and Size
Composting is a natural process of recycling organic matter such as leaves and food scraps into a valuable fertilizer that can enrich soil and plants. Anything that grows naturally decomposes eventually. Composting gears up the process by providing an ideal environment for bacteria, fungi, and other decomposing organisms such as worms, sowbugs, and nematodes to do their work. The resulting decomposed matter that looks like fertile garden soil is the final product called compost. It is also fondly referred to by farmers as “black gold.” It is rich in nutrients and thus, can be used for gardening, horticulture, and agriculture, among others.
Growing awareness for soil health management and increasing demand for home gardening are expected to boost compost demand in the market. The major restraint which may impact the Europe compost market is the availability of substitutes.
Competitive Landscape and Europe Compost Market Share Analysis
Europe compost market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the Europe compost market.
Some of the major market players engaged in the Europe compost market are COMPO, Compost Direct, Samagro NV, AVFALL SVERIGE, Suståne Natural Fertilizer, Inc., Fertagon, Biodinamika, UAB, Carbon Gold Ltd, Group Solum, Komeco B.V., AGRO POWER DÜNGEMITTEL GMBH, Erdenwerk Gregor Ziegler GmbH, Compost Biogas Association, CZ Biom, RESEAU Compostplus, among others.
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COVID-19 had a Minimal Impact on Europe Compost Market
COVID-19 impacted various manufacturing and service-providing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. The imbalance between demand and supply and its impact on pricing is considered short-term and is expected to recover as this pandemic comes to an end. Due to the outbreak of COVID-19 throughout the globe, the demand for compost has increased tremendously for home gardening as people were finding ways to spend their time indoors. In addition, compost companies introduced new and advanced compost products. Thus, even though the other industries suffered a lot during the COVID-19 outbreak, the compost industry survived.
Recent Development
- In December 2021, LaSalle Agri partnered with Lambton College’s ITCRC (Information Technology & Communication Research Centre) to implement a cross-platform application that enables different parties such as buyers, sellers, and couriers to collaborate on the sale processes. This collaboration will help to track the movements of company’s trucking service geographically.
Europe Compost Market Scope
Europe compost market is segmented based on product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Yard Trimmings
- Food Wastes
- Leaves
- Manure
- Mushroom Compost
- Vermicomposting
On the basis of product type, Europe compost market is segmented into yard trimmings, food wastes, leaves, manure, mushroom compost, and vermicomposting.
Application
- Agriculture
- Home Gardening
- Landscaping
- Horticulture
- Others
On the basis of application, Europe compost market is segmented into agriculture, home gardening, landscaping, horticulture, and others.
Europe Compost Market Regional Analysis/Insights
Europe compost market is analyzed, and market size insights and trends are provided by country, product type and application, as referenced above.
Some of the countries covered in the Europe compost market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Luxembourg and Rest of Europe.
Germany is expected to dominate the Europe compost market because of the increased awareness regarding the side effects of chemical fertilizers and pesticides. Germany is followed by Belgium and is expected to witness significant growth during the forecast period due to the growing demand for compost for home gardening in the region. Belgium is followed by Switzerland and is expected to grow significantly owing to the high demand for organic farming products.
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Research Methodology: Europe Compost Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Europe versus Regional and Vendor Share Analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.
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