Global Vermicompost Market Report Anticipates Market Value To Cross USD 137.6 MN By 2026
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The “Global Vermicompost Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study on Decisiondatabases.com gives an in-depth description of the market growth, trends and forecast for the global vermicompost market. The report anticipates that the global vermicompost market would reach over USD 137.6 MN by 2026 along with a CAGR of 12% within the forecasted period from 2020-2026. The vermicompost market was valued close to USD 62.2 MN in 2019.
Vermicomposting is a mesophilic process of utilizing microorganisms and earthworms. The earthworms are fed the organic waste materials and they release it through their digestive system in a granular form (cocoons) which is referred to as vermicompost. Vermiculture is the term used to define the process of breeding worms. The growers usually pay for their worm feed and the worm castings (manure) are often considered a waste product. Vermicomposting is practiced both on large and small scales. The vermicompost that is produced may be used for farming, landscaping, to create compost tea or for sale. Some of these operations also produce worms for bait or home vermicomposting. The benefits of using vermicompost compared to compost produced through other methods are improved soil aeration, higher microbial activity, improved water-holding capacity and better plant root growth.
The growth in the demand from agriculture farming is the key driver for the growth of the global vermicompost market. However, the high cost of maintenance may act as a limitation to the growth of the global vermicompost market. The increase in demand due to the benefits of vermicompost over traditional composts and growing concerns towards environment safety are also the substantial driving factors of the market across the world.
By type, Africa night crwlers vermicomposting and lumbricus rebellus vermicomposting are the segments of the global vermicompost market.
By application, home gardening, landscaping, golf courses and the horticultural industry are the segments of the global vermicompost market.
North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the geographical segments of the global vermicompost market.
The report key players of the vermicompost worldwide market have been profiled as Agrilife, Davo’s Worm Farms, Dirt Dynasty, Earthworm, Jialiming, Kahariam Farms, MyNOKE, NutriSoil, SAOSIS, SLO County Worm Farm, Sri Gayathri Biotec, Suman Vermi Compost, and Wormpower among others. The future capacities, key mergers & acquisitions, financial overview, partnerships, new product launches & developments of each profiled player have been provided in the study.
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