Global Vermicompost Market Size By Product (Lumbricus Rebellus Vermicomposting, Africa Night Crawlers Vermicomposting, And Others), By Application (Home Gardening, Horticulture, Golf Courses, And Landscaping), By Geography Scope And Forecast

Report Highlights

Vermicompost Market Insights

According to Verified Market Research, the Global Vermicompost Market was valued at USD 63.55 Million in 2019 and is projected to reach USD 222.42 Million by 2027, growing at a CAGR of 16.74% from 2020 to 2027.

The Vermicompost Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Vermicompost Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Global Vermicompost Market Overview

The growth of the global vermicompost market is caused by various factors, such as improved soil aeration, improved water holding capacity, better nutrient cycle, and enriched soil with micro-organism, helps in plant root growth and structure, enhanced germination. The vermicomposting method is used in organic farming. Increasing the use of sustainable agricultural practices, such as vermicomposting along with government support for organic farming is significantly contributing to the global vermicompost market growth over the forecast period.

This report provides an all-inclusive environment for the analysis of the Vermicompost Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Vermicompost Market growth.

Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Vermicompost Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Vermicompost Market.