Vermicompost Market Set to witness market growth at a rate of 6.1%, size, share, Industry Recent Trends

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.

View DEtailed Report@ https://www.databridgemarketresearch.com/reports/global-vermicompost-market

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.

Major Players :

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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