Pune, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Vermicompost market report analyses top opportunities in the market and summarize the features that are and will drive the progress of the industry. Reports also focus on earlier growing patterns, growth drivers, and present and upcoming trends, and estimate the overall development of the global Vermicompost market during 2022-2028. Vermicompost market analyze sales, production, revenue, consumption, market share, development plans, types, applications, and key players. Also analyses expansions, agreements, new product launches, and acquisitions.
Vermicompost market size is estimated to be worth US$ 101850 million in 2022 and is forecast to a readjusted size of US$ 234370 million by 2028 with a CAGR of 14.9% during the forecast period 2022-2028.
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Vermicompost is the product of the composting process using various species of worms, usually red wigglers, white worms, and other earthworms, to create a heterogeneous mixture of decomposing vegetable or food waste, bedding materials, and vermicast, also called worm castings, worm humus or worm manure, is the end-product of the breakdown of organic matter by an earthworm. These castings have been shown to contain reduced levels of contaminants and a higher saturation of nutrients than do organic materials before vermicomposting.
Vermicompost, or vermiculture, most often uses two species of worms: Red Wigglers (Eisenia foetida) or Eudrilus eugenae rarely found in soil and are adapted to the special conditions in rotting vegetation, compost and manure piles.
Global Vermicompost Market: Segment Analysis
The research report includes specific segments by region (country), company, type, and application. This study provides information about the sales and revenue during the historic and forecasted period
Types: -
- Africa Night Crwlers Vermicomposting
- Lumbricus Rebellus Vermicomposting
- Others
Applications: -
- Home Gardening
- Landscaping
- Golf Courses
- Horticultural Industry
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Geographic Segmentation: -
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
North America is the largest market with about 16% market share. Europe and Japan are follower, accounting for about 30% market share.
Major players in the global market include: -
- MyNOKE
- NutriSoil
- Davo’s Worm Farms
- Earthworm
- Wormpower
- Kahariam Farms
- SAOSIS
- Sri Gayathri Biotec
- Jialiming
- Dirt Dynasty
- SLO County Worm Farm
- Agrilife
- Suman Vermi Compost
Top 3 companies occupied about 31% market share.
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Key Benefits of Vermicompost Market Research: -
- Industry drivers, restraints, and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- Overview of the regional outlook of the Vermicompost Market
TOC of Vermicompost Market Research Report: -
1 Vermicompost Market Overview
2 Market Competition by Manufacturers
3 Production Capacity by Region
4 Global Vermicompost Consumption by Region
5 Segment by Type
6 Segment by Application
7 Key Companies Profiled
8 Vermicompost Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2023-2028)
14 Research Finding and Conclusion
15 Methodology and Data Source
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