Compost Turning Machine Market to Grow US$ 150 Million by 2028

Mar 28, 2019

VALLEY COTTAGE, N.Y. -- Over 3,200 compost turning machines were sold globally, in 2018, which is likely to rise at a moderate pace in 2019 and ahead. The compost turning machine market is foreseen to gather momentum in the near future, primarily driven by the increasing severity of waste management and soil quality management concerns.

A new research report of Future Market Insights (FMI) tracks global compost turning machine market performance over 2018-2028 and analyzes the demand patterns of compost turning machine on the basis of various attributes such as product type, output capacity, end-use industries, and region.

Drum type compost turner machine is likely to maintain a dominating market value share through 2028, as indicated by the report. However, elevating face type compost turner machine that currently accounts for more than a third of the total market value, is projected to gain significant traction in the years to come. The report has attributed this growth to manufacturers’ focus on developing new technologies for compost turning machines as per the demand from different countries.

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 compost 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.

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