Compost Turners In Agriculture Market Trends, Key Players, Overview, Competitive Breakdown and Regional Forecast by 2026
Research Reports
Jan 21, 2021
The global compost turners in agriculture market was valued at USD 110 million in 2019 and is estimated to reach USD 140 million by 2026, expanding at a CAGR of 4% during the forecast period, 2020 – 2026. The growth of the market is attributed to increasing awareness about the waste management process and the importance of soil health management.
The compost turning machine is used for obtaining humus and fertilizer, which is formed by reducing the organic materials. This materials include municipal sludge, animal carcasses, food byproducts, and animal waste. Various types of composting equipment are available for the commercial and residential purposes. Generally, the equipment allows the users to turn, decompose, and mix the raw materials with improvement in the fermentation process. This equipment is broadly used in the production of the organic fertilizers and compound. The application of the compost turner is extensively seen in the manufacturing, agriculture, and construction. The growing awareness about the waste management process, the importance of handling e waste, and government initiatives are some of the important factors that are responsible for the global compost turning machine market growth. Additionally, the development in the compost turning machine, which offers a huge amount of oxygen to the compost is projected to increase the growth of the market.
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Market Trends, Drivers, Restraints, and Opportunities:
- The major factor driving the global compost turners in agriculture market is the rapidly developing agricultural sector, due to the investments made by the governments of the developing regions. The increasing demand for the composting turners for the residential purposes is also one of the major factors driving the global market the market.
- Growing Awareness about the importance of Soil Health Management is a major factor driving the market growth. Education about the seriousness of soil health is an important factor for the expansion of the global compost turners in agriculture market during the forecast period.
- Government projects and initiatives focus on soil health and are anticipated to upsurge the demand for the compost turner during the forecast period.
- Longer time span and low turnover are the major factors, which are expected to restraint the market growth during the forecast period.
- Factors such as the high cost of maintenance and stringent rules and regulations imposed on the export of the composting equipment by the government is expected to limit the market growth during the forecast period.
- Waste Management has become a global and political Priority. Resource management with the support of waste management has become a matter of great importance. The objective of managing the waste generated, mainly in the urban areas, several government organizations are collaborating to safeguard waste management and proper sanitation of all forms of waste being generated in the society, such as medical waste, food waste, and factory waste.
- The trend of managing e waste and government initiative focuses on spreading awareness about the importance of managing e-waste. This, in turn, is anticipated to increase the sales of equipment, such as compost turning machines.
Competitive Landscape
Major players in the market include Terex Corporation, Allu Finland Oy., WK Metall GmbH, Scarab International, Eggersmann Anlagenbau GmbH, EZ Machinery, Vermeer Corporation, BDP Industries, and Midwest Bio-Systems. These market players are engage in strategies such as collaborate and developing new products to meet the need of both government and customers.
Segments Covered in the Report
The global compost turners in agriculture market has been segmented on the basis of
By Product Types:
- Elevating Face Compost Turning Machine
- Drum Compost Turning Machine
By Application:
Manufacturing
- Agriculture
- Construction
By Regions:
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
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The following is the TOC of the report:
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Compost Turners in Agriculture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Compost Turners in Agriculture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Compost Turners in Agriculture Market – Supply Chain
4.5. Global Compost Turners in Agriculture Market Forecast
4.5.1. Compost Turners in Agriculture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Compost Turners in Agriculture Market Size (000? Units) and Y-o-Y Growth
4.5.3. Compost Turners in Agriculture Market Absolute $ Opportunity
- Global Compost Turners in Agriculture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Compost Turners in Agriculture Market Size and Volume Forecast by Type
5.3.1. Elevating-Face Style Compost Turner
5.3.2. Drum Style Compost Turner
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
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