Market Overview
Tons of organic biodegradable waste is thrown away every day all around the world. This is a matter of concern because organic waste has great potential for mankind if recycled properly. Vermicomposting or worm manuring is a process where earthworms are used to convert organic waste into a hummus-like material known as organic vermicompost, which is known to be very high in essential nutrients for fertile soil. Agriculture is the biggest industry that needs vermicompost, but a rise in home gardening and horticulture has further increased demand.
Incidentally, earthworm seller’s market also thrives on organic vermicomposting. From large-scale vermicomposting sites to small institutes, which use worms for lab testing, or even small gardening sites, earthworms have a lot of demand. These earthworms are also used as food for many animal farms like fish farms, poultry farms, etc. Thus, vermicomposting is a multi-product market in itself where sellers can sell the final product as a fertilizer and also sell earthworms because the stock becomes a breeding ground for these tiny worms.
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The potential sources of organic waste for businesses are many, like cotton mills, food processing plants, paper mills, and breweries where organic waste is generated in bulk. The source of raw material is an industry that produces crop residues, leaf litter, food refuse, agro-industrial waste, weed biomass, urban and rural biodegradable waste, and grain and yeast residue from breweries. Organic vermicompost has been gaining popularity by individuals too, and therefore, businesses target home-improvement centres, grocery stores and supermarket chains to reach these individuals. Small businesses like landscape contractors, nurseries, flower shops, and greenhouses also buy organic vermicompost in bulk.
Global Organic Vermicompost Market Key Players :
Add Value Biotech
Sovam Crop Science
S Vermicompost Industry
Nisarg Organic Biotech
Sri Gayathri Biotec
Jain Irrigation Systems
Suman Vermi Compost
Agrilife
Green Rise Agro Industries
Vedic Orgo LLP
Efforts Organics
Sikri Farms
Segmentation
Organic vermicompost is the practical solution for revolutionizing organic food movement in our resource-hungry world. It improves soil texture, provides nutrients for crop growth, helps manage global organic waste and provides food to aquaculture and poultry farms. Red wigglers, tiger worms, brandling worms, nightcrawler are some common worms used for composting. A small scale vermicomposting facility can produce 5-10 tons of vermicompost annually, whereas a large scale unit can produce 50-100 tons annually. A fine worm casting is rich in Nitrogen, Phosphorous, and Potassium. It is free-flowing, easy to apply and does not have a bad odour.
Regional Overview
The USA has introduced vermicomposting in mainstream agriculture and organic waste management. In Cuba, 1994 was the year of a rapid shift in agricultural practices, where 4 tons of vermicompost replaced 40 tons of cattle manure per hectare. The UK is still far behind in the awareness of organic vermicompost. There is a growing awareness in the Indian market with many brands promoting organic ways of cultivation. In India, vermicompost is popularly known as ‘Khaad’ and is highly used in home gardening and small scale cultivation units. In India, it costs about 4-5 Rs to create 1 kg of vermicompost, and it can be sold in an open market for 10-12 Rs per kg.
Industry News
North America is working towards banishing organic waste from reaching landfills. In India, The Ministry of Urban Development and Poverty Alleviation listed an NGO to provide the know-how for the conversion of city waste into vermicompost under Supreme Court directions for all municipal towns having more than 1,00,000 in population as an “Appropriate Technology on Solid Waste Management.” Vermicompost tea is a relatively young industry, it has micro-nutrients for growth enhancement, and disease suppression and researchers are doing full-fledged research on it.
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