europe organic fertilizers market forecast 2023-2032

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The Compost Global Market Report 2023 by The Business Research Company, provides compost market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

Learn More On The Compost Market:

https://www.thebusinessresearchcompany.com/report/compost-global-market-report

According to The Business Research Company’s Compost Global Market Report 2023, the market size grew from $6.82 billion in 2022 to $7.4 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global compost is expected to grow to $9.51 billion in 2027 at a CAGR of 6.5%.

The increasing demand for organic farm products is propelling the growth of the compost market. Organic farm products are grown without synthetic insecticides, growth hormones, antibiotics, chemical fertilizers, and synthetic pesticides. The demand for organic food increased during the COVID-19 epidemic as people are more inclined toward the consumption of foods that are healthier and better for immunity. Moreover, organic products are regarded as being of a high caliber and as being safer for the environment and human health. Organic farming widely utilizes compost to increase the fertility of the soil.

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The compost market is segmented:

1) By Product Type: Yard Trimming, Food Waste, Manure, Mushroom Compost, Vermicomposting

2) By Application: Agriculture, Home Gardening, Landscaping, Horticulture, Construction, Other Applications

Strategic partnership is a key trend gaining popularity in the compost market. Companies and organizations are entering into a partnership with compost manufacturing companies and service providers to use agricultural and domestic waste in a better way. In August 2021, the city of Durango in Colorado, United States entered into a public-private partnership with Table to Farm Compost. Through this partnership, Durango and Table to Farm will boost voluntary curbside composting participation through education and outreach programs. The city will assess the feasibility of scaling up toward required participation in three to five years if education and outreach activities are successful. Table to Farm Compost is a US-based residential & commercial compost service that helps Durango households to go green.

The compost market report table of contents includes: