Report ID: SQMIC25AE2004
Report ID:
SQMIC25AE2004 |
Region:
Country |
Published Date: April, 2024
Pages:
223
|
Tables:
64 |
Figures:
77
U.S. Residential Organic Compost Market size was valued at USD 395.80 million in 2022 and is poised to grow from USD 428.26 million in 2023 to USD 804.49 million by 2031, at a CAGR of 8.2% during the forecast period (2024-2031).
The U.S. Residential Organic Compost Market is a rapidly growing market that caters to the needs of households engaged in organic farming and gardening practices. The market is driven by the increasing awareness among consumers regarding the benefits of organic farming and the growing demand for locally sourced, organic produce. In addition, the rising concerns about food safety and the impact of chemical-based fertilizers on the environment have also contributed to the growth of the market.
The lack of awareness about the benefits of organic compost among some consumers and the high cost of organic compost production and distribution are some of the key restraints that have hindered the growth of the market. Key trends in the market include the increasing popularity of urban agriculture, which has led to a rise in demand for small-scale organic compost solutions. Another trend is the rise in demand for locally sourced, organic produce, which has increased demand for organic compost products. The market is also expected to be driven by the increasing number of households adopting sustainable agricultural practices and the growth of e-commerce platforms, which has made it easier for consumers to purchase organic compost products.
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Report ID: SQMIC25AE2004