Global Vermicompost Market, By Product (Lumbricus Rebellus Vermicomposting, Africa Night Crawlers Vermicomposting, and Others), Application (Home Gardening, Horticulture, Golf Courses, and Landscaping), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Vermicompost Market
The vermicompost market is expected to witness market growth at a rate of 6.1% in the forecast period of 2021 to 2028 and is expected to reach USD 1.9 billion by 2028. Data Bridge Market Research report on vermicompost market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the use of vermicompost for various purposes such as agriculture, home gardening, landscaping, and horticulture is escalating the growth of vermicompost market.
Vermicompost is referred to as the product decomposition procedure by utilizing several species of worms to generate a mixture of decomposing food waste or vegetable, vermicast and bedding materials. This procedure is called as vermicomposting, while the rearing of worms for this idea is also known as vermiculture. Species are most commonly utilized for composting such as Lumbricus rubellus, Eisenia fetida, Eudrilus eugeniae, Eisenia hortensis and Perionyx excavatus. Vermicompost contains water-soluble nutrients and is an exceptional, nutrient-rich soil conditioner and organic fertilizer
Major factors that are expected to boost the growth of the vermicompost market in the forecast period are the enhanced soil aeration, enhanced water holding capacity, improved nutrient cycle, and supplemented soil with micro-organism. Furthermore, the it encourages in the plant root growth and structure is further anticipated to propel the growth of the vermicompost market. Moreover, the improved germination and the rise in the need for organic products and increasing alertness related to the difficulties of chemical fertilizer and pesticides is further estimated to cushion the growth of the vermicompost market. On the other hand, the rise in the price needed to set up vermicomposting than usual compost piles or batch composters is further projected to impede the growth of the vermicompost market in the timeline period.
- In addition, the rise in the need from vermicompost from private laboratories, universities, and high schools for research and classroom demands will further provide potential opportunities for the growth of the vermicompost market in the coming years. However, the demand of greater care than normal composting methods and the requirement for specific temperatures might further challenge the growth of the vermicompost market in the near future.
This vermicompost market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on vermicompost market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vermicompost Market Scope and Market Size
The vermicompost market is segmented on the basis of product and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the vermicompost market is segmented into lumbricus rebellus vermicomposting, Africa night crawlers vermicomposting, and others.
- On the basis of application, the vermicompost market is segmented into home gardening, horticulture, golf courses, and landscaping.
Vermicompost Market Country Level Analysis
The vermicompost market is analysed and market size, volume information is provided by country, product and application as referenced above.
The countries covered in the vermicompost market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the vermicompost market due to the rise in the demand for organic fertilizers in several countries. Furthermore, agriculture is the main element of livelihood will further boost the growth of the vermicompost market in the region during the forecast period.
The country section of the vermicompost market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vermicompost Market Share Analysis
The vermicompost market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vermicompost market.
The major players covered in the vermicompost market report are MyNOKE, Suman Vermi Compost, Agrilife, Oxygen Theme., Davo’s Worm Farms, Saosis Biotech Private Limited, WORM POWER, Dirt Dynasty L.l.c., Black Diamond VermiCompost, Kahariam Reality and Farms, NutriSoil, Sri Gayathri Biotec and Citizen Communications, LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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