Global Vermicompost Market Size,Trends and Growth opportunity, By Product (Lumbricus Rebellus Vermicomposting, Africa Night Crawlers Vermicomposting, Others), By Application (Home Gardening, Horticulture, Golf Courses, Landscaping), By Region and forecast till 2027.
Global Vermicompost Market
The Global Vermicompost Market was valued at USD 85.77 billion in 2021 and is expected to expand USD 232.53 billion at a CAGR of 18.22 % during forecast period 2022- 2027.
The vermicomposting method is used in organic farming to increase the use of sustainable agricultural practices.vermicompost is the result of decomposition process using different types of worms for producing a mixture of bedding material, decomposing food or vegetable waste.vermicompost contains water-soluble nutrients and is an nutrient-rich soil conditioner and organic fertilizer.
Market Drivers
The enhanced soil aeration, enhanced water holding capacity, improved nutrient cycle, and supplemented soil with micro-organism through vermicompost act as major factor driving the market.
Additionally, vermicompost restore the nutrient and microbial enrichment to make soil more fertile and rising government support propelling the market growth.
The rising pollution and increasing awareness regarding fertility of soil and environmental safety among consumers and shifting trend towards eco-friendly product boost the vermicompost market.
Market Restraints
The high setup cost of vermicompost process hinders the market growth. The process requires specific temperature,PH,salt content ,moisture,specific quantity of carbon and nitrogen restrain the growth of market.
COVID-19 Impact on Vermicompost Market
Outbreak of covid-19 adversely impacted market as lockdown is imposed by government and strict regulations causing shutdown of manufacturing unit and disruption in supply chain. The decrease in demand of vermicompost due to reduce production and agricultural activities due to unavailability of labours.
Impact of Russia Ukraine War on Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the vermicompost market:
Disruptions in the supply chain: many vermicompost manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting vermicompost production and delivery.
Economic sanctions: economic sanctions imposed on Russia may have an impact on the overall economy, as well as demand for vermicompost in the region.
Increase in natural gas prices: natural gas prices may rise as a result of the conflict due to supply disruptions, affecting demand for vermicompost in the short term.
Market Segmentation
The Global Vermicompost Market segmented on the basis of Product, Application and Region.On the basis of Product, it is segmented into Lumbricus Rebellus Vermicomposting, Africa Night Crawlers Vermicomposting, Others. On the basis of Application, it is segmented into Home Gardening, Horticulture, Golf Courses, Landscaping. On the basis of Region it is segmented into North America, Europe, Asia Pacific, Latin America, MEA.
Regional Analysis
The Global Vermicompost Market segmented into five regions North America, Europe, Asia Pacific, Latin America, MEA. Asia-Pacific dominate the market due to rise in the demand for organic fertilizers and growing agriculture industry in this region.Asia-Pacific also witnessed a significant rise in vermicompost market during the forecast period of 2022 to 2027.
Key Players
Various key players are listed in this report such as MyNOKE, Suman Vermi Compost, Agrilife, VermiCo, Davos Worm Farms, Saosis Biotech Private Ltd, Worm Power, Dirt Dynasty LLC, Black Diamond VermiCompost, Kahariam Farms.
Market Taxonomy
Product Type
• lumbricus rebellus vermicomposting
• Africa night crawlers vermicomposting
• others
By Application
• home gardening
• horticulture
• golf courses
• landscaping
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Vermicompost Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Vermicompost Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Vermicompost Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Vermicompost Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.3 Global Vermicompost Market Share Analysis, By Product
5.3 Global Vermicompost Market Size and Forecast, By Product
5.3.1 lumbricus rebellus vermicomposting
5.3.2 Africa night crawlers vermicomposting
5.3.3 Others
6 Global Vermicompost Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Vermicompost Market Share Analysis, By Application
6.3 Global Vermicompost Market Share Analysis, By Application
6.3.1 Home gardening
6.3.2 Horticulture
6.3.3 Golf courses
6.3.4 landscaping
7 Global Vermicompost Market, By Region
7.1 Global Vermicompost Market Share Analysis, By Region
7.2 Global Vermicompost Market Share Analysis, By Region
8 North America Vermicompost Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Vermicompost Market Share Analysis, By Product
8.3 North America Vermicompost Size and Forecast, By Application
8.4 North America Vermicompost Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Vermicompost Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Vermicompost Market Share Analysis, By Product
9.3 Europe Vermicompost Market Size and Forecast, By Application
9.4 Europe Vermicompost Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Vermicompost Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia-Pacific Vermicompost Market Size and Forecast, By Product
10.3 Asia-Pacific Vermicompost Market Size and Forecast, By Application
10.4 Asia-Pacific Vermicompost Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Vermicompost Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Vermicompost Market Size and Forecast, By Product
11.3 Latin America Vermicompost Market Size and Forecast, By Application
11.4 Latin America Vermicompost Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2.Rest of Latin America
12 Middle East Vermicompost Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Vermicompost Market Share Analysis, By Product
12.3 Middle East Vermicompost Market Size and Forecast, By Application
12.4 Middle East Vermicompost Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. MyNOKE
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Suman Vermi Compost
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Agrilife
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. VermiCo
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5. Davos Worm Farms
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6. Saosis Biotech Private Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Worm Power
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. Dirt Dynasty LLC
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9. Black Diamond VermiCompost
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10. Kahariam Farms
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
