Mycorrhiza-based Biofertilizers Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Form ; By Type ; By Mode of Application ; By Application ; By Region

Description

Global Mycorrhiza-based Biofertilizers Market Size More Than Doubles to Touch USD 1.63 Billion by 2029.

Global mycorrhiza-based biofertilizers market is flourishing because of an increasing demand for organic food and growing awareness about benefits of mycorrhizae-based biofertilizers.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global mycorrhiza-based biofertilizers market size at USD 648.14 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global mycorrhiza-based biofertilizers market size to grow at an impressive CAGR of 14.15% reaching a value of USD 1,626.74 million by 2029. Major growth drivers for the global mycorrhiza-based biofertilizers market include an increasing popularity of organic farming practices, rising awareness about sustainable agriculture, and the focus on food security. The adoption of modern farming practices and the shift towards eco-friendly agriculture are further fueling the market growth. Governments across countries are implementing multiple programs to encourage biofertilizer manufacturers and promoting a transition from traditional to organic farming practices. These factors have boosted the usage of mycorrhiza-based biofertilizers. The market is driven by the rising demand for food and sustainable agricultural practices, the exceptional effectiveness of these biofertilizers in cultivating essential crops, and the reduction of phosphorus levels in soil. As a result, manufacturers of mycorrhiza biofertilizers are bridging the demand-supply gap due to the increasing preference for organic products. However, high production cost of mycorrhizae-based biofertilizers is anticipated to restrain the overall market growth.

Global Mycorrhiza-based Biofertilizers Market - Overview:

Mycorrhiza-based biofertilizers are natural soil supplements that contain beneficial mycorrhizal fungi, which form a symbiotic relationship with plants' roots. These fungi penetrate plant roots and extend the plant's reach for nutrients and water, thus improving nutrient uptake, water absorption, and overall plant growth. Mycorrhiza-based biofertilizers are eco-friendly and a sustainable alternative to chemical fertilizers, as they reduce the use of chemical fertilizers and promote soil health, leading to better crop yields and improved agricultural productivity.

Impact of COVID-19 on Global Mycorrhiza-based Biofertilizers Market

COVID-19 pandemic had dual impact on the global mycorrhiza-based biofertilizers market. On the positive side, the pandemic led to an increasing demand for organic food products, which indirectly boosted the demand for mycorrhiza-based biofertilizers. It is because consumers are becoming more health-conscious and are looking for food products that are free from harmful chemicals and pesticides. However, the pandemic also caused disruptions in the global supply chain, leading to a shortage of raw materials and production delays. It has resulted in an increase in the prices of mycorrhiza-based biofertilizers, making them less affordable for farmers, especially small-scale farmers. Additionally, the pandemic led to a decrease in the availability of labor in some regions, leading to a slowdown in agricultural activities, including the use of biofertilizers.

Global Mycorrhiza-based Biofertilizers Market - By Mode of Application:

Based on the mode of application, the global mycorrhiza-based biofertilizers market is divided into Seed Treatment, Soil Mode of Application:, and Fertilization Treatment segments. The seed treatment segment is expected to hold the highest share in the global mycorrhiza-based biofertilizers market. In recent years, the increased use of synthetic fertilizers and various chemicals like pesticides and insecticides has caused a decline in soil quality. To combat this issue, many governments have introduced regulations in the agriculture sector, which are expected to have a positive impact on the seed treatment sector of biofertilizers. The soil application segment is expected to witness significant growth due to its ability to improve soil conditions and facilitate the absorption of essential minerals by plants. This segment also aids in the decomposition of organic substances in the soil, promoting soil mineralization and enhancing its cultivation properties. These factors are likely to drive the growth of the soil application segment market.

Competitive Landscape:

Major players operating in the global mycorrhiza-based biofertilizers market include: Novozymes, UPL Limited, Premier Tech, Plant Health Care, Groundwork, Valent BioSciences, Agrotecnologias Naturales Atens, Lallemand Inc., AgriLife, Ezzy BioSciences, Privi Life Sciences, PHMS Technocare, Sikko Industries, Symbiom SRO, Helena Agri-Enterprises, Tainio Biologicals, and Vegalab. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Mycorrhiza-based Biofertilizers Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Mycorrhiza-based Biofertilizers Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23387

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Mycorrhizae-based Biofertilizers Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Multiple Benefits of Mycorrhizae-based Biofertilizers
  - 3.2.1.2. Rise in Demand for Organic food
- 3.2.2. Restraints
  - 3.2.2.1. High Production Cost of Mycorrhizae-based Biofertilizers
- 3.2.3. Opportunities
  - 3.2.3.1. Growing Demand for Sustainable and Environment-friendly Solutions
- 3.2.4. Challenges
  - 3.2.4.1. Lack of Strong regulations Regarding Application of Mycorrhizae-based Biofertilizers
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Mycorrhizae-based Biofertilizers Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Form
  - 4.2.1.1. Solid
  - 4.2.1.2. Liquid
- 4.2.2. By Type
  - 4.2.2.1. Ectomycorrhiza
  - 4.2.2.2. Endomycorrhiza
- 4.2.3. By Mode of Application
  - 4.2.3.1. Seed Treatment
  - 4.2.3.2. Soil Mode of Application
  - 4.2.3.3. Fertilization Treatment
- 4.2.4. By Application
  - 4.2.4.1. Agriculture
  - 4.2.4.2. Oilseeds & Pulses
  - 4.2.4.3. Fruits & Vegetables
  - 4.2.4.4. Non-Agriculture
- 4.2.5. By Region
  - 4.2.5.1. North America
  - 4.2.5.2. Europe
  - 4.2.5.3. Asia Pacific (APAC)
  - 4.2.5.4. Latin America (LATAM)
  - 4.2.5.5. Middle East and Africa (MEA)

5. North America Mycorrhizae-based Biofertilizers Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Form
- 5.2.2. By Type
- 5.2.3. By Mode of Application
- 5.2.4. By Application
- 5.2.5. By Country
  - 5.2.5.1. United States
  - 5.2.5.1.1. By Form
  - 5.2.5.1.2. By Type
  - 5.2.5.1.3. By Mode of Application
  - 5.2.5.1.4. By Application
  - 5.2.5.2. Canada
  - 5.2.5.2.1. By Form
  - 5.2.5.2.2. By Type
  - 5.2.5.2.3. By Mode of Application
  - 5.2.5.2.4. By Application

6. Europe Mycorrhizae-based Biofertilizers Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Form
- 6.2.2. By Type
- 6.2.3. By Mode of Application
- 6.2.4. By Application
- 6.2.5. By Country
  - 6.2.5.1. Germany
  - 6.2.5.1.1. By Form
  - 6.2.5.1.2. By Type
  - 6.2.5.1.3. By Mode of Application
  - 6.2.5.1.4. By Application
  - 6.2.5.2. United Kingdom
  - 6.2.5.2.1. By Form
  - 6.2.5.2.2. By Type
  - 6.2.5.2.3. By Mode of Application
  - 6.2.5.2.4. By Application
  - 6.2.5.3. Italy
  - 6.2.5.3.1. By Form
  - 6.2.5.3.2. By Type
  - 6.2.5.3.3. By Mode of Application
  - 6.2.5.3.4. By Application
  - 6.2.5.4. France
  - 6.2.5.4.1. By Form
  - 6.2.5.4.2. By Type
  - 6.2.5.4.3. By Mode of Application
  - 6.2.5.4.4. By Application
  - 6.2.5.5. Spain
  - 6.2.5.5.1. By Form
  - 6.2.5.5.2. By Type
  - 6.2.5.5.3. By Mode of Application
  - 6.2.5.5.4. By Application
  - 6.2.5.6. Belgium
  - 6.2.5.6.1. By Form
  - 6.2.5.6.2. By Type
  - 6.2.5.6.3. By Mode of Application
  - 6.2.5.6.4. By Application
  - 6.2.5.7. Russia
  - 6.2.5.7.1. By Form
  - 6.2.5.7.2. By Type
  - 6.2.5.7.3. By Mode of Application
  - 6.2.5.7.4. By Application
  - 6.2.5.8. The Netherlands
  - 6.2.5.8.1. By Form
  - 6.2.5.8.2. By Type
  - 6.2.5.8.3. By Mode of Application
  - 6.2.5.8.4. By Application
  - 6.2.5.9. Rest of Europe
  - 6.2.5.9.1. By Form
  - 6.2.5.9.2. By Type
  - 6.2.5.9.3. By Mode of Application
  - 6.2.5.9.4. By Application

7. Asia-Pacific Mycorrhizae-based Biofertilizers Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Form
- 7.2.2. By Type
- 7.2.3. By Mode of Application
- 7.2.4. By Application
- 7.2.5. By Country
  - 7.2.5.1. China
  - 7.2.5.1.1. By Form
  - 7.2.5.1.2. By Type
  - 7.2.5.1.3. By Mode of Application
  - 7.2.5.1.4. By Application
  - 7.2.5.2. India
  - 7.2.5.2.1. By Form
  - 7.2.5.2.2. By Type
  - 7.2.5.2.3. By Mode of Application
  - 7.2.5.2.4. By Application
  - 7.2.5.3. Japan
  - 7.2.5.3.1. By Form
  - 7.2.5.3.2. By Type
  - 7.2.5.3.3. By Mode of Application
  - 7.2.5.3.4. By Application
  - 7.2.5.4. South Korea
  - 7.2.5.4.1. By Form
  - 7.2.5.4.2. By Type
  - 7.2.5.4.3. By Mode of Application
  - 7.2.5.4.4. By Application
  - 7.2.5.5. Australia & New Zealand
  - 7.2.5.5.1. By Form
  - 7.2.5.5.2. By Type
  - 7.2.5.5.3. By Mode of Application
  - 7.2.5.5.4. By Application
  - 7.2.5.6. Indonesia
  - 7.2.5.6.1. By Form
  - 7.2.5.6.2. By Type
  - 7.2.5.6.3. By Mode of Application
  - 7.2.5.6.4. By Application
  - 7.2.5.7. Malaysia
  - 7.2.5.7.1. By Form
  - 7.2.5.7.2. By Type
  - 7.2.5.7.3. By Mode of Application
  - 7.2.5.7.4. By Application
  - 7.2.5.8. Singapore
  - 7.2.5.8.1. By Form
  - 7.2.5.8.2. By Type
  - 7.2.5.8.3. By Mode of Application
  - 7.2.5.8.4. By Application
  - 7.2.5.9. Vietnam
  - 7.2.5.9.1. By Form
  - 7.2.5.9.2. By Type
  - 7.2.5.9.3. By Mode of Application
  - 7.2.5.9.4. By Application
  - 7.2.5.10. Rest of APAC
  - 7.2.5.10.1. By Form
  - 7.2.5.10.2. By Type
  - 7.2.5.10.3. By Mode of Application
  - 7.2.5.10.4. By Application

8. Latin America Mycorrhizae-based Biofertilizers Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Form
- 8.2.2. By Type
- 8.2.3. By Mode of Application
- 8.2.4. By Application
- 8.2.5. By Country
  - 8.2.5.1. Brazil
  - 8.2.5.1.1. By Form
  - 8.2.5.1.2. By Type
  - 8.2.5.1.3. By Mode of Application
  - 8.2.5.1.4. By Application
  - 8.2.5.2. Mexico
  - 8.2.5.2.1. By Form
  - 8.2.5.2.2. By Type
  - 8.2.5.2.3. By Mode of Application
  - 8.2.5.2.4. By Application
  - 8.2.5.3. Argentina
  - 8.2.5.3.1. By Form
  - 8.2.5.3.2. By Type
  - 8.2.5.3.3. By Mode of Application
  - 8.2.5.3.4. By Application
  - 8.2.5.4. Peru
  - 8.2.5.4.1. By Form
  - 8.2.5.4.2. By Type
  - 8.2.5.4.3. By Mode of Application
  - 8.2.5.4.4. By Application
  - 8.2.5.5. Rest of LATAM
  - 8.2.5.5.1. By Form
  - 8.2.5.5.2. By Type
  - 8.2.5.5.3. By Mode of Application
  - 8.2.5.5.4. By Application

9. Middle East & Africa Mycorrhizae-based Biofertilizers Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Form
- 9.2.2. By Type
- 9.2.3. By Mode of Application
- 9.2.4. By Application
- 9.2.5. By Country
  - 9.2.5.1. Saudi Arabia
  - 9.2.5.1.1. By Form
  - 9.2.5.1.2. By Type
  - 9.2.5.1.3. By Mode of Application
  - 9.2.5.1.4. By Application
  - 9.2.5.2. UAE
  - 9.2.5.2.1. By Form
  - 9.2.5.2.2. By Type
  - 9.2.5.2.3. By Mode of Application
  - 9.2.5.2.4. By Application
  - 9.2.5.3. Qatar
  - 9.2.5.3.1. By Form
  - 9.2.5.3.2. By Type
  - 9.2.5.3.3. By Mode of Application
  - 9.2.5.3.4. By Application
  - 9.2.5.4. Kuwait
  - 9.2.5.4.1. By Form
  - 9.2.5.4.2. By Type
  - 9.2.5.4.3. By Mode of Application
  - 9.2.5.4.4. By Application
  - 9.2.5.5. South Africa
  - 9.2.5.5.1. By Form
  - 9.2.5.5.2. By Type
  - 9.2.5.5.3. By Mode of Application
  - 9.2.5.5.4. By Application
  - 9.2.5.6. Nigeria
  - 9.2.5.6.1. By Form
  - 9.2.5.6.2. By Type
  - 9.2.5.6.3. By Mode of Application
  - 9.2.5.6.4. By Application
  - 9.2.5.7. Algeria
  - 9.2.5.7.1. By Form
  - 9.2.5.7.2. By Type
  - 9.2.5.7.3. By Mode of Application
  - 9.2.5.7.4. By Application
  - 9.2.5.8. Rest of MEA
  - 9.2.5.8.1. By Form
  - 9.2.5.8.2. By Type
  - 9.2.5.8.3. By Mode of Application
  - 9.2.5.8.4. By Application

10. Competitive Landscape

10.1. List of Key Players and Their Products
10.2. Global Mycorrhizae-based Biofertilizers Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Mycorrhizae-based Biofertilizers Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Novozymes
12.2. UPL Limited
12.3. Premier Tech
12.4. Plant Health Care
12.5. Groundwork
12.6. Valent BioSciences
12.7. Agrotecnologias Naturales Atens
12.8. Lallemand Inc.
12.9. AgriLife
12.10. Ezzy BioSciences
12.11. Privi Life Sciences
12.12. PHMS Technocare
12.13. Sikko Industries
12.14. Symbiom SRO
12.15. Helena Agri-Enterprises
12.16. Tainio Biologicals
12.17. Vegalab
12.18. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations