The global compost turning machine market is anticipated at USD 120.3 million in 2022. Demand is likely to remain high for c compost-turning machines during the assessment period.
This is due to the increased application in agriculture, construction and manufacturing industry and garnering USD 181.2 million in 2033, recording a CAGR of 3.8% from 2023 to 2033. The market is likely to secure USD 124.8 million in 2023.
Data Points | Key Statistics |
---|---|
Compost Turning Machines Market Size Value in 2023 | USD124.8 million |
Compost Turning Machines Market Forecast Value in 2033 | USD 181.2 million |
Global Growth Rate | 3.8% CAGR |
Forecast Period | 2023 to 2033 |
Key Factors Shaping the Demand Outlook of the Compost Turning Machines Industry:
Historical CAGR (2018 to 2022) | 3.3% |
---|---|
Forecasted CAGR (2023 to 2033) | 3.8% |
The compost turning machine market progressed at a CAGR of 3.3% from 2018 to 2022 and amassed revenue worth USD 124.8 million in 2023.
Over the past few years, the focus on recycling waste has been bolstered substantially and this has created a massive demand for compost machines. Compost turner machines are used in organic fertilization mostly and their scope of application has increased as waste recycling is being popularized.
Increasing awareness about the benefits of organic farming is expected to drive demand for organic fertilizer-turning machines through 2033. Soil health education has become a top priority for several efforts in recent years as soil contamination has become more pervasive and reduced the amount of cultivable landmass.
Numerous governmental and non-profit groups are starting campaigns to spread knowledge about soil health and the need for manure compost turners, compost milling machines, and other compost turning systems is anticipated to increase as this understanding grows and the value of composting becomes clearer.
The increasing government initiatives and strict regulations for waste management across the world are expected to boost demand for compost milling machines.
Garden supplies and yard equipment sales have observed an upward trend in recent times as people are taking more interest in gardening activities in their backyards. This has created a demand for small compost turner machines which are expected to see an increase in popularity.
Rising Demand for Effective Waste Management Solutions to Boost Market Potential
The world is faced with a climate emergency that requires us as humans to get a hold of activities that are destructive to nature. One of the most important concerns on a global scale is waste management and this factor has largely influenced the demand for compost machines in multiple sectors to minimize waste and turn it into useful products.
Government initiatives and strict regulations for waste management across the world are expected to boost demand for compost milling machines, compost turner machines, etc.
For instance, in October 2021, Environment Protection Minister Tamar Zandberg inaugurated Israel’s largest compost machine in Tel Aviv. The composter named Ecodrum is a waste composting project resulting from a collaboration between Tel Aviv Municipality, NGO Zalul, Mega supermarket chain, and Ecocity Green Company.
Rising Awareness for Soil Health Management to Market Players
Soil health education has been a prime focus for multiple initiatives over the recent years as contamination of soil has become widespread leading to the reduction of cultivatable landmass. Multiple non-profit organizations and government organizations are launching initiatives to raise awareness about soil health.
Demand for manure compost turners, compost milling machines, and other compost-turning systems is also predicted to rise as this awareness fosters and the importance of composting comes to light.
Highly Rewarding Agriculture Industry to Provide Attractive Opportunities
The United States is known as one of the most prominent food producers and exporters in the world and this is what makes it a leading market for multiple technologies in the agricultural sector. Early adoption of new technologies and developed agricultural practices are expected to boost demand for compost machines in the nation.
Compost-turning equipment manufacturers can cash in on these opportunities and boost their sales revenue in the United States. The strong focus on sustainable waste management practices, and there is increasing interest in composting initiatives to reduce landfill waste and promote organic recycling, driving the market growth in the region
Initiatives Such as Swachh Bharat Mission to Boost Demand for Compost Machines
Government initiatives to boost awareness about the environment and waste management are seeing a major rise in popularity and this is expected to positively impact compost-turning system demand.
Increasing construction activity and the highly lucrative agricultural sector are anticipated to majorly boost demand for small compost turners in the nation. The rapid urbanization and increased organic waste generation there is rising demand for composting solutions and compost-turning machines to manage organic waste effectively.
Elevating Face Compost Turning Machines Expected to Account for Major Market Share
Sales of elevating face compost turning machines are anticipated to hold a dominant share in the global industry landscape. Demand for these machines is expected to rise at a higher CAGR than drum compost-turning machines. Elevating face technology allows more oxygen to be introduced into the compost mixture and hence giving a better quality product.
Drum compost turning machines hold a dominant share and this trend is expected to be affected by the increasing popularity of elevating face machines.
Construction Industry is Gaining Traction During the Forecast Period
Based on application, the construction industry is likely to account for the largest share of compost-turning machine market share in the forthcoming years.
In construction projects that involve land reclamation or the development of new land areas, compost-turning machines can be used to prepare the soil for planting and landscaping.
Compost-turning system manufacturers are investing in the research and development of new technologies to make these compost machines more effective and efficient.
Compost-turning equipment vendors are also focusing on increasing their market presence across multiple regions.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 3.8% from 2023 to2033 |
Market Value in 2023 | USD 124.8 million |
Market Value in 2033 | USD 181.2 million |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
Product Type, Output Capacity, End-Use, Region |
Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled |
Terex Corporation (Ecotec); Vermeer Corporation; Eggersmann Anlagenbau GmbH; SCARAB International; Midwest Bio-Systems Inc.; Brown Bear Corporation; ALLU Finland Oy; EYS Metal San. ve Tic. Ltd. Sti.; EZ Machinery,; Komptech Group; BDP Industries; MID VALLEY MANUFACTURING LTD.; HCL Machine Works; WK Metall und Maschinenbau GmbH; Traymaster Limited |
Customization of Report | Available Upon Request |
The compost turning machines market is valued at USD 124.8 million in 2023.
BDP Industries, EZ Machinery and Vermeer Corporation are the key market players.
The construction industry segment is likely to remain preferred through 2033.
Players opt for partnerships, mergers and acquisitions.
The United States and India advancing the global market.
Explore Industrial Automation Insights
View Reports