Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339957

Cover Image

PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339957

Mycorrhizae-based Biofertilizers Market Forecasts to 2030 - Global Analysis By Type, Form, Mode of Application, Application and By Geography

PUBLISHED:
PAGES: 175+ Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF (Single User License)
USD 4150
PDF (2-5 User License)
USD 5250
PDF & Excel (Site License)
USD 6350
PDF & Excel (Global Site License)
USD 7500

Add to Cart

According to Stratistics MRC, the Global Mycorrhizae-based Biofertilizers Market is accounted for $383.60 million in 2023 and is expected to reach $1281.14 million by 2030 growing at a CAGR of 18.8% during the forecast period. Fungi called mycorrhizae stay in the soil and roots of higher plants. They associate with plant roots in a non-host-specific way. A fungus known as mycorrhizae creates a symbiotic relationship with the roots of an avascular host plant. The roots of plants and soil fungi interact symbiotically and mutualistically through mycorrhizae. By improving nutrient uptake and fostering growth hormones, mycorrhiza-based bio fertilizers stimulate plant growth.

According to the UN population division, the world's population is expected to reach 9.7 billion people in 2050 and about 11 billion people around 2100. As a result, agricultural production must be actively encouraged to meet the growing need for food worldwide.

Market Dynamics:

Driver:

  • Increasing demand for organic food.
  • The demand for mycorrhizae-based biofertilizers is anticipated to be driven by the need to maintain a healthy lifestyle through the consumption of organic food and the growing demand for organic farming practices to reduce soil pollution. Additionally, the growing demand for healthy food and the farming industry's production of organic vegetables may help reduce rural poverty and unemployment in developing nations. The growth of the market can be attributed to the increase in demand for mycorrhizae-based biofertilizers as a result of promoting the production of organic fruits and vegetables, which also has positive effects on the environment.

Restraint:

  • High cost for production.
  • The growth of the global market for mycorrhiza-based biofertilizers is predicted to be constrained by the high production costs of these fertilizers. Mycorrhizae-based biofertilizers are made using intricate manufacturing procedures that demand expensive machinery and skilled labor. Additionally, the cost of the raw materials used to make these biofertilizers, such as the carrier materials and fungal spores, is also high. Due to this, the biofertilizer's final cost is relatively high, making it more expensive for small-scale farmers to use. Small-scale farmers make up a sizable portion of the agricultural community across regions, so this can be a significant barrier to the market's expansion.

Opportunity:

  • Increase in crop productivity and yield.
  • Mycorrhizae-based biofertilizers have emerged as a key tool in contemporary agriculture, contributing to improved crop productivity, increased farm profitability, and superior yields. These biofertilizers increase plant growth and healthier root systems by fostering a symbiotic relationship with plant roots. This increases nutrient absorption and productivity. They enhance nutrient availability and water retention, improving long-term soil health in contrast to chemical fertilizers. Additionally, mycorrhizae-based biofertilizers help plants adapt to climate change because mycorrhizal-associated plants are more resilient to environmental stresses. By improving productivity, soil health, and climate resilience while aligning with sustainable practices for a greener future, mycorrhizae-based biofertilizers revolutionize agriculture.

Threat:

  • Lack of knowledge and education.
  • Despite mycorrhizae-based biofertilizers' enormous potential, farmers' lack of awareness and education pose a significant obstacle to their widespread adoption in modern agriculture. Many agricultural professionals are still unsure of the advantages and proper application of these biofertilizers, which causes skepticism and resistance to incorporating them into farming practices. Moreover, this lack of knowledge is influenced by things like the ineffective communication of the benefits of mycorrhizal symbiosis for crop productivity. Farmers are further prevented from understanding the specific requirements and best practices for using mycorrhizae-based biofertilizers by the lack of formal training and extension services.

COVID-19 Impact:

  • The global market for mycorrhiza-based biofertilizers was impacted by the COVID-19 pandemic in both positive and negative ways. Positively, the pandemic increased demand for organic food items, which in turn increased demand for mycorrhiza-based biofertilizers. It's because consumers are becoming more concerned with their health and are seeking out food items free of pesticides and dangerous chemicals. A shortage of raw materials and production delays were brought on by the pandemic, which also disrupted the world's supply chain. Mycorrhiza-based biofertilizers now cost more, making them more out of reach for farmers, particularly small-scale farmers.
  • The liquid segment is expected to be the largest during the forecast period
  • During the anticipated period, the liquid segment of the market for mycorrhiza-based biofertilizers is anticipated to account for the largest market share. Liquid biofertilizers are simple to use and can be quickly absorbed by plants through the roots or leaves, resulting in quicker growth and better yields. Moreover, liquid biofertilizers are also easier to store and transport because they have a longer shelf life than solid formulations. In order to better address particular plant growth requirements, liquid biofertilizers can be tailored with particular nutrient formulations. In the global market for mycorrhiza-based biofertilizers, these elements have helped the liquid segment gain popularity and expand.
  • The agriculture segment is expected to have the highest CAGR during the forecast period
  • The agriculture segment is anticipated to have the highest CAGR during the forecast period. Agriculture sector includes a wide variety of crops and farming techniques and is a significant user of biofertilizers, including those based on mycorrhizae. Mycorrhizae-based biofertilizers are being used more and more by farmers in subsectors like cereals, oilseeds, pulses, fruits, and vegetables to improve soil health, increase crop yields, and practice sustainable farming methods. Additionally, these biofertilizers have proven to be highly beneficial, enhancing nutrient uptake, water absorption, and overall plant growth, thus supporting the industry's growing emphasis on eco-friendly and effective agricultural solutions.

Region with largest share:

During the anticipated period, North America will hold the largest market share for mycorrhizae-based biofertilizers. The region's prominence is due in part to the United States and Canada, which were early adopters of biofertilizers and sustainable agricultural techniques. Moreover, Mycorrhizae-based biofertilizers have been increasingly adopted in North America as a result of additional factors, including rising environmental awareness, rising demand for organic products, research and development activities, supportive governmental policies, and the presence of significant market players.

Region with highest CAGR:

The Mycorrhizae-based Biofertilizers Market is anticipated to have highest CAGR in Europe during the forecasted period. Mycorrhizae-based biofertilizers have become increasingly popular due to the region's embrace of sustainable agriculture and rising demand for organic goods. Furthermore, strict regulations supporting organic farming and limiting the use of chemicals also contribute to the market's expansion in Europe. The demand for biofertilizers based on mycorrhizae is expected to increase in Europe as the region places more emphasis on sustainable agriculture.

Key players in the market:

Some of the key players in Mycorrhizae-based Biofertilizers market include: Lallemand Inc., Helena Agri-Enterprises, LLC, Agrinos Inc., Sikko Industries, Biolchim SPA, Privi Life Sciences, Indogulf BioAg LLC, Plant Health Care Plc., Koppert Biological Systems Inc., Agrilife Limited, Novozymes A/S, Premier Tech Ltd., Sustane Natural Fertilizer Inc, UPL Limited, Valent Biosciences LLC, Agrotecnologias Naturales Atens, Biostadt India Limited, Vegalab S.A., Tainio Biologicals, Inc. and Groundwork AG.

Key Developments:

  • In March 2023, Novozymes and Chr. Hansen held their respective extraordinary general meetings, and the shareholders of both companies approved the proposed merger. The new company will be science-based, with powerful capabilities and commercial excellence to develop biological solutions that will enable healthier lives, transform food systems, and accelerate towards a climate neutral society.
  • In August 2022, Valent BioSciences subsidiary, Mycorrhizal Applications LLC, announced an expansion of its research facilities at the Bio Research & Development Growth Park at the Donald Danforth Plant Science Center in St. Louis, Missouri. The expansion would provide increased laboratory capacity for research related to arbuscular mycorrhizal fungi, as well as additional office and meeting space. The expansion will also allow the company to conduct in-depth research on new uses for mycorrhizae.
  • In June 2022, Groundwork BioAg and Israel-based global crop protection company, ADAMA announced a commercial agreement offering sustainable, cost-effective mycorrhizal products to help increase crop yields in the Indian market. The collaboration would enable ADAMA and Groundwork BioAg to access India's vast and rapidly growing agricultural market. as soybean and corn. The product launch will help the company serve its Brazilian customers in a better way.

Types Covered:

  • Ectomycorrhizae
  • Endomycorrhizae
  • Other Types

Forms Covered:

  • Solid
  • Liquid
  • Other Forms

Modes of Application Covered:

  • Seed Treatment
  • Soil Application
  • Fertilization Treatment
  • Other Modes of Application

Applications Covered:

  • Agriculture
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Non-agriculture
  • Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC23664

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Mycorrhizae-based Biofertilizers Market, By Type

  • 5.1 Introduction
  • 5.2 Ectomycorrhizae
  • 5.3 Endomycorrhizae
  • 5.4 Other Types

6 Global Mycorrhizae-based Biofertilizers Market, By Form

  • 6.1 Introduction
  • 6.2 Solid
    • 6.2.1 Powder
    • 6.2.2 Granules
  • 6.3 Liquid
  • 6.4 Other Forms

7 Global Mycorrhizae-based Biofertilizers Market, By Mode of Application

  • 7.1 Introduction
  • 7.2 Seed Treatment
  • 7.3 Soil Application
  • 7.4 Fertilization Treatment
  • 7.5 Other Modes of Application

8 Global Mycorrhizae-based Biofertilizers Market, By Application

  • 8.1 Introduction
  • 8.2 Agriculture
    • 8.2.1 Cereals & Grains
      • 8.2.1.1 Corn
      • 8.2.1.2 Wheat
      • 8.2.1.3 Rice
  • 8.3 Oilseeds & Pulses
    • 8.3.1 Soyabean
    • 8.3.2 Cotton
  • 8.4 Fruits & Vegetables
    • 8.4.1 Apple
    • 8.4.2 Pears
    • 8.4.3 Cucumber
    • 8.4.4 Potatoes
    • 8.4.5 Grapes
  • 8.5 Non-agriculture
  • 8.6 Other Applications

9 Global Mycorrhizae-based Biofertilizers Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 Lallemand Inc.
  • 11.2 Helena Agri-Enterprises, LLC
  • 11.3 Agrinos Inc.
  • 11.4 Sikko Industries
  • 11.5 Biolchim SPA
  • 11.6 Privi Life Sciences
  • 11.7 Indogulf BioAg LLC
  • 11.8 Plant Health Care Plc.
  • 11.9 Koppert Biological Systems Inc.
  • 11.10 Agrilife Limited
  • 11.11 Novozymes A/S
  • 11.12 Premier Tech Ltd.
  • 11.13 Sustane Natural Fertilizer Inc
  • 11.14 UPL Limited
  • 11.15 Valent Biosciences LLC
  • 11.16 Agrotecnologias Naturales Atens
  • 11.17 Biostadt India Limited
  • 11.18 Vegalab S.A.
  • 11.19 Tainio Biologicals, Inc.
  • 11.20 Groundwork AG
Product Code: SMRC23664

List of Tables

  • Table 1 Global Mycorrhizae-based Biofertilizers Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Mycorrhizae-based Biofertilizers Market Outlook, By Type (2021-2030) ($MN)
  • Table 3 Global Mycorrhizae-based Biofertilizers Market Outlook, By Ectomycorrhizae (2021-2030) ($MN)
  • Table 4 Global Mycorrhizae-based Biofertilizers Market Outlook, By Endomycorrhizae (2021-2030) ($MN)
  • Table 5 Global Mycorrhizae-based Biofertilizers Market Outlook, By Other Types (2021-2030) ($MN)
  • Table 6 Global Mycorrhizae-based Biofertilizers Market Outlook, By Form (2021-2030) ($MN)
  • Table 7 Global Mycorrhizae-based Biofertilizers Market Outlook, By Solid (2021-2030) ($MN)
  • Table 8 Global Mycorrhizae-based Biofertilizers Market Outlook, By Powder (2021-2030) ($MN)
  • Table 9 Global Mycorrhizae-based Biofertilizers Market Outlook, By Granules (2021-2030) ($MN)
  • Table 10 Global Mycorrhizae-based Biofertilizers Market Outlook, By Liquid (2021-2030) ($MN)
  • Table 11 Global Mycorrhizae-based Biofertilizers Market Outlook, By Other Forms (2021-2030) ($MN)
  • Table 12 Global Mycorrhizae-based Biofertilizers Market Outlook, By Mode of Application (2021-2030) ($MN)
  • Table 13 Global Mycorrhizae-based Biofertilizers Market Outlook, By Seed Treatment (2021-2030) ($MN)
  • Table 14 Global Mycorrhizae-based Biofertilizers Market Outlook, By Soil Application (2021-2030) ($MN)
  • Table 15 Global Mycorrhizae-based Biofertilizers Market Outlook, By Fertilization Treatment (2021-2030) ($MN)
  • Table 16 Global Mycorrhizae-based Biofertilizers Market Outlook, By Other Modes of Application (2021-2030) ($MN)
  • Table 17 Global Mycorrhizae-based Biofertilizers Market Outlook, By Application (2021-2030) ($MN)
  • Table 18 Global Mycorrhizae-based Biofertilizers Market Outlook, By Agriculture (2021-2030) ($MN)
  • Table 19 Global Mycorrhizae-based Biofertilizers Market Outlook, By Cereals & Grains (2021-2030) ($MN)
  • Table 20 Global Mycorrhizae-based Biofertilizers Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
  • Table 21 Global Mycorrhizae-based Biofertilizers Market Outlook, By Soyabean (2021-2030) ($MN)
  • Table 22 Global Mycorrhizae-based Biofertilizers Market Outlook, By Cotton (2021-2030) ($MN)
  • Table 23 Global Mycorrhizae-based Biofertilizers Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
  • Table 24 Global Mycorrhizae-based Biofertilizers Market Outlook, By Apple (2021-2030) ($MN)
  • Table 25 Global Mycorrhizae-based Biofertilizers Market Outlook, By Pears (2021-2030) ($MN)
  • Table 26 Global Mycorrhizae-based Biofertilizers Market Outlook, By Cucumber (2021-2030) ($MN)
  • Table 27 Global Mycorrhizae-based Biofertilizers Market Outlook, By Potatoes (2021-2030) ($MN)
  • Table 28 Global Mycorrhizae-based Biofertilizers Market Outlook, By Grapes (2021-2030) ($MN)
  • Table 29 Global Mycorrhizae-based Biofertilizers Market Outlook, By Non-agriculture (2021-2030) ($MN)
  • Table 30 Global Mycorrhizae-based Biofertilizers Market Outlook, By Other Applications (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!