According to a market report by Lucintel, the future of the global vermicompost market looks promising with opportunities in the home gardening, horticulture, golf courses, and landscaping markets. The global vermicompost market is expected to reach an estimated $0.2 billion by 2030 from $0.1 billion in 2024, at a CAGR of 14.8% from 2024 to 2030. The major drivers for this market are enhanced soil aeration, increased water retention capacity and improved nutrient cycling, and enriched soil with microorganisms fostering plant root growth and structure, leading to enhanced germination.
A more than 150-page report to understand trends, opportunity and forecast in vermicompost market to 2030 by type (lumbricus rebellus, Africa night crawlers, and others), application (home gardening, horticulture, golf courses, landscaping, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that lumbricus rebellus will remain the largest segment over the forecast period due to increasing awareness about the detrimental impacts of synthetic fertilizers.
Within this market, horticulture is expected to witness the highest growth due to seedling growth and productivity across various crops.
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APAC will remain the largest region over the forecast period due to increasing interest in organic fertilizers observed in countries like India, China, Australia, Vietnam, and Thailand.
MyNOKE, Suman Vermi Compost, Agrilife, VermiCo, Davo’s Worm Farms, Saosis Biotech, Worm Power, Dirt Dynasty, Black Diamond VermiCompost, Kahariam Farms are the major suppliers in the vermicompost market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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