Compost Turning Machine Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2022
A new research report of Future Market Insights (FMI) tracks global compost turning machine market performance over 2022-2028 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.
Over 3,200 compost turning machines were sold
globally, in 2021, which is likely to rise at a moderate pace in 2022 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.
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.
Developed Regional Markets for Compost Turning
Machine to Hold Noteworthy Revenue Shares
Agriculture industry in North America and Western
Europe is heavily mechanized and commercialized. While agriculture is a major
industry in both Canada and the US, the former has been one of the largest
agricultural exporters and producers around the world. Moreover, highly
developed agricultural practices in North America will provide endless
opportunities to compost turner machine manufacturers during the forecast
period.
Compost turning machine market in fast progressing
Asian countries such as India and China is also registering significant growth
owing to stringent government regulations that are likely to promote the use of
these equipment in food manufacturing plants.
Global Compost Turning Machine Market: Competitive
Landscape
Some of the players profiled in the global compost
turning machine market report include Terex Corporation, Vermeer Corporation,
Eaggersman AG, Scarab International, Midwest Bio-Systems, Inc., Brown Bear
Corporation, EarthSaver Equipment Inc., Komptech Group, Frontier Industrial
Corporation, Alliance Fertilizer Machinery, HCL Machine Works, and Blue Group
among others. Manufacturers are likely to maintain the focus on product
technology innovations for sustained market value shares in the compost turning
machine landscape.
Access full Report: https://www.futuremarketinsights.com/reports/compost-turning-machine-market
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