With a 3.3% annual growth rate, the global compost turning machine market is expected to reach US$ 120.3 million in 2022. Compost turning machine sales are expected to reach US$ 148.5 million by 2028, growing at a 3.6% CAGR between 2022 and 2028.
In 2018, over 3,200 compost turning machines were sold globally, with a slight increase expected in 2019 and beyond. Because of the growing importance of waste management and soil quality management concerns, the compost turning machine business is expected to grow in the near future.
FMI has released a new research report that examines the demand for compost turning machines by product type, production capacity, end-use industries, and geography.
The analysis predicts that the drum type compost turner machine will have a dominant market value share through 2028. The elevating face type compost turner machine, which now accounts for more than one-third of total market value, is expected to gain significant traction in the coming years. Accrding to the report, this growth can be attributed to manufacturers’ focus on developing new compost turning machine technologies in response to demand from various regions.
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Increasing Concern about Food Waste Management & Recycling Pushing Demand
Increasing frequency of environmental changes is compelling consumers to move towards food waste recycling machines. Moreover, there has been an increasing level of awareness about food wastage among consumers, which is highlighting the importance of food waste recycling machines. This is one of the primary boosters for the revenue growth of compost turning machine market. According to research, the household sector accounts for over half of the food wasted, particularly in developed countries. Such factors are more likely to elevate the demand for compos turning machines throughout the forecast period.
Agriculture Industry Will Remain Significant End-use Segment in Compost Turning Machine Market
The agricultural end use of compost turning machine is expected to be a highly influential segment in compost turning machine market, according to the report. FMI has attributed the maximum market value share of agricultural industry in compost turning machine market to the growing demand for compost for the maintenance of organic carbon content of soil, eventually improving the uptake of nutrients by soil. Also, these machines reduce the use of fuel consuming land preparation processes owing to improvement in soil health, further advocating the adoption of compost turning machines.
Developed Regional Markets for Compost Turning Machine to Hold Noteworthy Revenue Shares
Agriculture industry in North America and Western Europe is heavily mechanized and commercialized. While agriculture is a major industry in both Canada and the US, the formr has been one of the largest agricultural exporters and producers around the world. Moreover, highly developed agricultural practices in North America will provide endless opportunities to compost turner machine manufacturers during the forecast period.
Compost turning machine market in fast progressing Asian countries such as India and China is also registering significant growth owing to stringent government regulations that are likely to promote the use of these equipment in food manufacturing plants.
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Global Compost Turning Machine Market: Competitive Landscape
Some of the players profiled in the global compost turning machine market report include Terex Corporation, Vermeer Corporation, Eaggersman AG, Scarab International, Midwest Bio-Systems, Inc., Brown Bear Corporation, EarthSaver Equipment Inc., Komptech Grup, Frontier Industrial Corporation, Alliance Fertilizer Machinery, HCL Machine Works, and Blue Group among others. Manufacturers are likely to maintain the focus on product technology innovations for sustained market value shares in the compost turning machine landscape.
Compost turning equipment vendors are also focusing on increasing their market presence across multiple regions.
In October 2021, Reencle announced a new campaign for its food recycler that composts waste food in as little as 24 hours. The new food recycler is already a hit and selling over 49,000 units, and its compact form factor is one of its major selling points. Small compost turners and compost machines are expected to see high demand over the coming years.
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Key Segments of Compost Turning Machine Industry Survey
Compost Turing Machine Market by Product Type:
Drum Compost Turning Machines
Elevating Face Compost Turning Machines
Compost Turning Machine Market by Output Capacity:
Below 500 Cubic Mtrs/h
Between 500-1,000 Cubic Mtrs/h
More than 1,000 Cubic Mtrs/h
Compost Turning Machine Market by End Use:
Compost Turning Machines for Construction Industry
Compost Turning Machines for Agriculture Industry
Compost Turning Machines for Manufacturing Industry
Compost Turning Machine Market by Region:
North America Compost Turning Machine Market
Latin America Compost Turning Machine Market
Europe Compost Turning Machine Market
East Asia Compost Turning Machine Market
South Asia & Pacific Compost Turning Machine Market
Middle East & Africa (MEA) Compost Turning Machine Market
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chambr of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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Jul 17, 2023
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