Request Sample Inquiry
Household Food Waste Composting Machine Market

Household Food Waste Composting Machine Market

Household Food Waste Composting Machine Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

147

Base Year:

2021

Date

Jul - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1721

Segments Covered
  • By Product Type 0-50 Kg/Day, 50-100 Kg/Day, 101-300 Kg/Day, 301-500 Kg/Day, 500-1000 Kg/Day, Above 1000 Kg/Day
  • By Price Low, Medium, High
  • By Distribution Channel Direct, Indirect
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 2,839.1 Million
Revenue 2028Revenue 2028: USD 4,119.3 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 6.4%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Household Food Waste Composting Machine Market Share

Market Synopsis:

The Global Household Food Waste Composting Machine Market was valued at USD 2,839.1 Million in 2021 and is projected to reach a value of USD 4,119.3 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period.

Waste management has emerged as an area of prime focus across the world owing to increasing awareness of environmental conservation. Several government initiatives and mandates are also pushing for better waste management practices to reduce the harmful impact on the environment. Consumers are also more aware than ever, and this is expected to drive sales of Household Food Waste Composting Machine Machines across the forecast period. Electric composting machines have proved their efficiency over the past few years and are expected to be highly popular in the Global Household Food Waste Composting Machine Market through 2028. Increasing technological advancements are also predicted to aid Household Food Waste Composting Machine Market growth in the coming years. Bans on practices such as landfill and incineration are expected to favor Household Food Waste Composting Machine Market growth. Demand for Household Food Waste Composting Machine in emerging economies is anticipated to rise at a fast Compound Annual Growth Rate (CAGR) across the forecast period.

Household Food Waste Composting Machine Market Size, 2021 To 2028 (USD Million)

Market Segmentation:

The Household Food Waste Composting Machine Market is segmented based on Product Type, Price, Distribution Channel, and Region. Based on the Distribution Channel segment the market is further sub-segmented as Direct and Indirect. Based on the segment Product type, the market is sub-segmented as 0-50 Kg/Day, 50-100 Kg/Day, 101-300 Kg/Day, 301-500 Kg/Day, 500-1000 Kg/Day, and Above 1000 Kg/Day. Finally based on the segment Price, the market is sub-segmented as Low, Medium, and High.

Below tree is interactive. You can click the nodes to get more information.

Based on Distribution Channel

Based on the Distribution Channel segment, the market is sub-segmented as Direct and Indirect. The Indirect Distribution Channel sub-segment is projected to lead the Global Household Food Waste Composting Machine Market across the forecast period. An increasing number of people preferring to buy products where they can compare and choose what’s best for them is expected to keep the trend up for indirect distribution channels. However, the increasing popularity of E-Commerce and online sales is expected to drive the Direct Distribution Channel growth at a fast pace across the forecast period through 2028.

Based on the Product Type:

Based on the Product type, the market is sub-segmented into 0-50 Kg/Day, 50-100 Kg/Day, 101-300 Kg/Day, 301-500 Kg/Day, 500-1000 Kg/Day, and Above 1000 Kg/Day. The 0-50 Kg/Day segment is predicted to account for a dominant market share and is expected to lead the overall Household Food Waste Composting Machine Market growth across the world. Low costs of these capacity machines are what drive their sales and this trend is expected to be rife throughout the forecast period.

North America accounts for a Dominant Market Share

The market for Household Food Waste Composting Machine in North America is expected to account for a major market share and is expected to maintain this stance throughout the forecast period. High consumer awareness for composting and increasing focus on sustainability are the prime factors that drive demand for Household Food Waste Composting Machine Machines in this region. Supportive government initiatives are also expected to boost the adoption of Household Food Waste Composting Machine in this region. In 2021, the Household Food Waste Composting Machine Market in North America held a net market share of 42.1% in the Global Household Food Waste Composting Machine Market landscape. The United States and Canada are projected to be the most rewarding markets in this region through 2028. Demand for Household Food Waste Composting Machine is projected to increase at the fastest pace in the Asian regions and the charge is expected to be led by Japan and China.

Competitive Landscape:

The key players in the Global Household Food Waste Composting Machine Market include- Bhor Engineering Pvt. Ltd., BioHiTech Global, Emerson Electric Co., K.C.S Engineering Works, KK Balers Ltd., Oklin International Ltd., Reddonatura India Private Limited, Ridan Composting Ltd., Whirlpool Corporation, WISErg Corporation and others.

Segmentation of the Global Household Food Waste Composting Machine Market:

Parameter Details
Segments Covered
  • Product Type (0-50 Kg/Day, 50-100 Kg/Day, 101-300 Kg/Day, 301-500 Kg/Day, 500-1000 Kg/Day, Above 1000 Kg/Day)
  • Price (Low, Medium, High)
  • Distribution Channel (Direct, Indirect)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Bhor Engineering Pvt. Ltd.
  • BioHiTech Global
  • Emerson Electric Co.
  • K.C.S Engineering Works
  • KK Balers Ltd.
  • Oklin International Ltd.
  • Reddonatura India Private Limited
  • Ridan Composting Ltd.
  • Whirlpool Corporation
  • WISErg Corporation
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Household Food Waste Composting Machine Market to Reach USD 4,119.3 Million by 2028 Owing to Rising Awareness among the Huge number of Populations
The Global Household Food Waste Composting Machine Market is expected to reach USD 4,119.3 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.4% from 2022 to 2028. The increasing awareness about the benefits get from the product is anticipated to augment the growth of the market...
FAQ
Frequently Asked Question
  • The global Household Food Waste Composting Machine valued at USD 2,839.1 Million in 2020 and is expected to reach USD 4,119.3 Million in 2028 growing at a CAGR of 6.4%.

  • The prominent players in the market are Bhor Engineering Pvt. Ltd., BioHiTech Global, Emerson Electric Co., K.C.S Engineering Works, KK Balers Ltd., Oklin International Ltd., Reddonatura India Private Limited, Ridan Composting Ltd., Whirlpool Corporation, WISErg Corporation.

  • The market is project to grow at a CAGR of 6.4% between 2021 and 2028.

  • The driving factors of the Household Food Waste Composting Machine include

    • rise in the number of small households

  • North America was the leading regional segment of the Household Food Waste Composting Machine in 2020.