Household Composters Market size to increase by USD 317.23 Mn | Technavio’s Research Insights highlight Effective Supply Chain Management as Key Driver
NEW YORK, Nov. 10, 2021 /PRNewswire/ — According to the research report “Household composters Market – Forecast and Analysis Report 2021-2025,” the market is expected to have a YOY growth rate of 2.97% in 2021 and is expected to grow at a CAGR of almost 5% between 2020 and 2025.
Europe is the largest market for household composters. Factors such as high disposable income of consumers, improved living standards, increased urbanization, and high inclination of customers toward cost-effective and hassle-free waste management systems are creating significant growth opportunities for household composter manufacturers in Europe.
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The global household composters market is fragmented in nature due to the presence of several global and regional players. Algreen Products Inc., Enviro World Corp., Envirocycle Systems Inc., Good Ideas Inc., Jora Composters, Menasha Corp., Probiotic Holdings, Schiller Grounds Care Inc., The Scotts Miracle-Gro Co., and Track Trading Co. are some of the dominant vendors featured in the report.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
For Instance, in August 2021, The Scotts Miracles-Gro Co. acquired Rhizoflora’s leading nutrients business, including its Terpinator and Purpinator brands.
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Geographical Market Analysis
Europe will provide maximum growth opportunities in the household composters market during the forecast period. According to our research report, the region currently holds 33% of the global market share and is expected to dominate the market through 2025.
The report also offers a detailed analysis of the growth of the market across North America, APAC, South America, and MEA. In addition, countries such as the US, Germany, France, UK, and Italy are expected to emerge as prominent markets for household composters during the forecast period.
Know more about this market’s geographical distribution along with the detailed analysis of the top regions. www.technavio.com/report/household-insecticide-market-industry-analysis
Key Market Trends & Challenges:
The report identifies the increasing investment in R&D as the major trend influencing the household composters market. Vendors in the market are increasing their expenditure on R&D activities to develop innovative products by integrating the latest features and novel technologies. Enviro World Corporation is one such example. Since its inception in 2009, the company has invested more than a million USD toward the development of innovative, industry-leading, and highly differentiated composters.
Despite such investment plans by vendors, the availability of alternative solutions is expected to reduce the growth opportunities for vendors. Some of the alternative composting methods such as pile composting, sheet composting, pit composting, vermicomposting, and others are hindering the sales of household composters. Besides, factors such as the presence of a well-organized civil waste collection system by municipalities, time constraints, and the introduction of chemical fertilizers will negatively impact the growth of the global household composters market.
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Global Landfill Gas Market – Global landfill gas market is segmented by application (electricity, direct use, alternate fuels, and combined heat and power) and geography (North America, Europe, APAC, South America, and MEA).
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Industrial Waste Recycling and Services Market in Europe – Industrial waste recycling and services market in Europe is segmented by service (collection service, recycling service, incineration service, and landfill service) and waste type (construction waste, mining and quarrying waste, manufacturing waste, and energy waste).
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Household Composters Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of almost 5%
Market growth 2021-2025
USD 317.23 million
YoY growth (%)
Europe, North America, APAC, South America, and MEA
Performing market contribution
Europe at 33%
Key consumer countries
US, Germany, France, UK, and Italy
Leading companies, competitive strategies, consumer engagement scope
Algreen Products Inc., Enviro World Corp., Envirocycle Systems Inc., Good Ideas Inc., Jora Composters, Menasha Corp., Probiotic Holdings, Schiller Grounds Care Inc., The Scotts Miracle-Gro Co., and Track Trading Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.
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