The Global Earthworm Farming Market is estimated to exhibit a CAGR of 13.70% during the forecast period of 2021-2028 and will be valued at USD 0.27 billion by 2028. Increased focus of the farmers towards adopting agricultural practices that multiply the productivity, surge in initiatives taken up by the government to promote organic farming and economic feasibility of earthworm farming are the major factors attributable to the growth of earthworm farming market.
However, lack of scientific knowledge to the small and marginal farmers in the backward economies and huge chunk of time required for the whole process will further derail the earthworm farming market growth rate.
According to Data Bridge Market Research, the earthworm farming market will exhibit a significant rise in its market value. Growing preference for organic farming over conventional farming, increasing focus towards the adoption of practices that improve the overall crop productivity and growing awareness about the benefits of earthworm farming such as it improves the drainage and air intake of the soil and so on will further create lucrative and remunerative growth opportunities for the earthworm farming market.
Currently, Asia-Pacific dominates the global earthworm farming market owing to the increased adoption of organic farming practices. Increasing initiatives by the government to promote organic farming will further bolster the market growth rate.
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The global earthworm farming market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in Earthworm Farming Market report
Above are the key players covered in the report, to know about more and exhaustive list of earthworm farming market companies contact https://www.databridgemarketresearch.com/toc/?dbmr=global-earthworm-farming-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Earthworm Farming Market - Industry Trends and Forecast to 2028