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The household composters market is estimated to grow at a CAGR of 6% between 2022 and 2027. The size of the market is forecast to increase by USD 451.78 million. The growth of the market depends on several factors, including effective supply chain management, the growing awareness of the importance of organic waste recycling and organic farming, and law enforcement in many countries worldwide.
This report extensively covers market segmentation by product (tumbler, stationary, and compacting), material (plastic, metal, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global household composters market as a part of the global environmental and facilities services market within the global industrials market. The global environmental and facilities services market comprises service companies providing environmental and facilities maintenance services, including waste management, facilities management, and pollution control services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Effective supply chain management is notable in driving market growth, although factors such as the Space and maintenance issues may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Household Composters Market Driver
One of the key factors driving the household composters market is the effective supply chain management. Municipalities all throughout the world, particularly in developed countries, are launching public awareness campaigns to encourage people to utilize home composters. Household composters aid in the recycling of recurrent waste and the production of compost for use in gardening. In addition, municipalities are responsible for collecting and processing solid waste created by households. This entails significant costs such as labor, transportation, landfilling, and so forth. Composters reduce the amount of waste collected by municipalities, lowering waste management expenditures overall.
As a result, one of the most convenient and cost-effective waste management choices is home composting. Municipalities and governments utilize education initiatives to reduce the amount of money spent on waste management while also encouraging customers to use composters. Therefore, public outreach programs undertaken to achieve effective supply chain management practices in waste recycling are estimated to drive the market during the forecast period.
Key Household Composters Market Trend
The emergence of technologically advanced household composters is the primary trend supporting the household composters market growth in the forecast period. The growing significance of consumer electronics, household, and garden appliances has led consumers to look out for unique and automatic appliances. At present, global economic growth and an increase in average dual household incomes have led them to opt for consumer electronics and household appliances of premium brands that offer innovative features.
This is because these appliances, which are equipped with versatile features, match their requirements. This keeps the heat in the unit, helps the compost break down faster, and features a weekly capacity of three gallons, and weighs 22 pounds. Therefore, the incorporation of novel and technologically advanced features is estimated to trigger the sales of composters during the forecast period.
Key Household Composters Market Challenge
Space and maintenance issues will be a major challenge for the household composters market during the forecast period. The trend of compact housing, also known as affordable housing, is gaining traction in the market. These homes can only accommodate four to five people and do not have backyards or other available space for composters to be installed. This is due to rising land prices and a shortage of living spaces in cities, particularly in developed economies. As a result, there are no garden spaces. This eliminates the need for composters to be installed in homes.
Furthermore, consumers are hesitant to use composters at home due to space constraints. Additionally, compact composters with a high aesthetic appeal are being introduced; however, in cities, space constraints are likely to limit the purchase of single-use compacters. As a result, manufacturers are shifting their focus to community-sized compactors that can handle larger volumes of waste. However, vendors continue to face issues such as consumer interest in outsourcing society's maintenance jobs to outside agencies, which is limiting the adoption of compactors in communities.
Key Household Composters Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Household Composters Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Algreenproducts - The company offers a variety of household composters like Soil Saver Composter, Solar Digester, Tumbling Composter, and others.
The report also includes detailed analyses of the competitive landscape of the market and information about 11 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the tumbler segment will be significant during the forecast period. Tumbler household composters are also known as rotating axle drums, base rolling drums, and rolling spheres. These composters are mostly above-the-ground rotating barrels and are available in different shapes and capacities per consumer requirements.
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The tumbler segment was valued at USD 589.23 million in 2017 and continue to grow by 2021. Tumbler household composters have a fully sealed container that can be rotated to mix the composting materials. This sealed container also helps contain the heat generated by the composting process, which speeds up the process of converting kitchen and yard waste into compost. Tumbler household composters are made of recycled plastic. The increasing use of recycled plastic will drive the global tumbler household composters market during the forecast period.
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Europe is projected to contribute 39% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The presence of high-income consumers who prefer innovative and eco-friendly ways of disposing of recurring organic wastes, noteworthy improvements in living standards, urbanization, and consumer inclination toward cost-effective and hassle-free waste management systems are triggering the sales of household composters in the region. An increase in residential construction activities due to a rise in the number of migrants in Western European countries, rapid urbanization, and growing interest in gardening are other aspects that will back the market growth.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for Europe. However, as a result of large-scale vaccination drives across the region in 2021, lockdown restrictions were lifted in many nations, including the UK, Germany, and France, allowing the restoration of several commercial and construction activities in Europe. In addition, the war between Russia and Ukraine in February 2022 has forced a number of immigrants to move from Russia and Ukraine to settle in other parts of Europe, resulting in an increased demand for household composters for waste treatment, which is anticipated to foster the growth of the market in focus in Europe during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Tumbler, Stationary, and Compacting), Material (Plastic, Metal, and Others), and Geography (Europe, North America, APAC, South America, and Middle East and Africa).
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Household Composters Market Scope |
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Report Coverage |
Details |
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Page number |
149 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2023-2027 |
USD 451.78 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.2 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 39% |
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Key countries |
US, Germany, France, UK, and Italy |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Algreen Products Inc., Enviro World Corp., Envirocycle Systems Inc., Forest City Models and Patterns Ltd., Good Ideas Inc., Jora Composters, Natures Footprint, Inc., Sampoorn Zero Waste Pvt. Ltd, SCD Probiotics, LLC, Schiller Grounds Care Inc., The Scotts Miracle Gro Co., and Track Trading Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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