Mycorrhiza based Biofertilizer Market - Segmented by Geography - Growth, Trends, and Forecast (2019 - 2024)

Mycorrhiza based Biofertilizer Market - Segmented by Geography - Growth, Trends, and Forecast (2019 - 2024)

Purchase Report

The Global market for Mycorrhiza-based Biofertilizer was valued at USD 202.1 million in 2017 and is expected to register a CAGR of 12.7% during the forecast period (2018-2023). Mycorrhiza is a fungus which establishes symbiotic association between a fungus and the roots of a vascular host plant.

Mycorrhiza is a symbiotic and mutualistic relationship between soil fungi and plant roots. The plants in which this association is seen are corn, carrots, leek, potatoes, beans, soybeans, other legumes, tomatoes, peppers, onions, garlic, sunflower, strawberries, citrus, apples, peaches, grapes, cotton, coffee, tea, cocoa, sugarcane, forest species, wild plants, and even weeds.

Significance of Mycorrhiza to Plant Nutrition

Mycorrhiza contribute significantly to plant nutrition, particularly to phosphorus uptake. They contribute to the selective absorption of immobile (P, Zn, and Cu) and mobile (S, Ca, K, Fe, Mn, Cl, Br, and N) elements from plants, and to water uptake. In India, commercial mycorrhiza-based biofertilizers are used on large-scale rice production and have resulted in yield increases of around 10% with a 25-50% reduction of fertilizer, considering India’s low phosphorous soils. The use of Arbuscular Mycorrhiza Fungi (AMF) as a biofertilizer has not been widely integrated in the intensive agriculture of North America yet.

                  

Need for Enhanced Yield

The agriculture is facing threats from many factors like changes in climatic conditions, reducing soil fertility, increase in number of plant diseases, usage of pesticides and many other. However, the yield is decreasing continuously due to the above factors. The conventional farming techniques are degrading the quality and making the soil infertile which clearly effects on the yield. Mycorrhiza based biofertilizers have the ability to stimulate the natural processes. These natural processes helps in nutrient uptake, nutrient efficiency, improve tolerance to abiotic stress and crop quality which ultimately have the effect on the yield.

                      

Low shelf life of Mycorrhiza Cells

The shelf life of Mycorrhiza cells in biofertilizers is low, which is one of the major restraints of the Mycorrhiza based biofertilizers market. In order to increase the shelf life of microorganisms, so that the viability of biofertilizers is increased, carrier enrichment is being carried out and new formulations are being developed in the form of liquid, freeze drying, nano-encapsulations, etc. However, since the liquid-based biofertilizers are relatively costly compared to the solid carrier-based biofertilizers, their share is still low.

Key Developments of Mycorrhiza based Biofertilizers Market

  • Sep 2017 – Tamil Nadu agriculture department’s carrier based and liquid biofertilizer unit is set to achieve the production target of 100 metric ton of carrier based and 65,000 liters of liquid bio fertilizers.
  • Jul 2016 – The National Organic Program, a part of USDA’s Agricultural Marketing Service enforces the regulations to be followed in order to ensure the integrity of the USDA organic seal.

Major Players: Agrinos AS, CBF China Biofertilizer AG, Criyagen Agri & Biotech Pvt Ltd, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Mapleton Agri Biotech Pty Ltd, Monsanto BioAg, National Fertilizer Ltd, Rizobacter Argentina SA, Symborg SL, list not exhaustive.  

Metrics

Details

Industry

Global Mycorrhiza based Biofertilizers Market

Study Period

(2014 – 2023)

Market Size in 2017

USD 202.1 million

Market Size in 2023

USD 428.6 million

Growth Rate

12.7%

Key Developments

  • Sep 2017 – Tamil Nadu agriculture department’s carrier based and liquid biofertilizer unit is set to achieve the production target of 100 metric ton of carrier based and 65,000 liters of liquid bio fertilizers..
  • Jul 2016 – The National Organic Program enforces the regulations to be followed in order to ensure the integrity of the USDA organic seal..

Key Players

Agrinos AS, CBF China Biofertilizer AG, Criyagen Agri & Biotech Pvt Ltd, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Mapleton Agri Biotech Pty Ltd, Monsanto BioAg, National Fertilizer Ltd, Rizobacter Argentina SA, Symborg SL, list not exhaustive.  

Report Offerings

Global Mycorrhiza based biofertilizers market offers latest trends, growth prospects, regional market share and forecast to 2023.

Reasons to Purchase the Report

  • To have an understanding of the fastest growing regions  in the mycorrhiza based biofertilizers and growth trends during the forecast period
  • The report outlines drives, restraints, and trends that are currently effecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights about the competitors’ overview and company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

 

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Key Findings of the Stud                       

2. Research Scope & Methodology                                         

                2.1 Study Deliverables                  

                2.2 Study Assumptions                 

                2.3 Research Methodology                         

                2.4 Research Phases                      

3. Market Dynamics                                       

                3.1 Drivers                          

                                3.1.1 Increasing Importance of Organic Farming                

                                3.1.2 Need for Enhanced Yield  

                                3.1.3 Favorable Regulatory Structure     

                3.2 Restraints                    

                                3.2.1 Low shelf life of Mycorrhiza Cells  

                                3.2.2 Less Awareness among Farmers about Application and Benefits    

4. Industry Analysis                                        

                4.1 Porter's Five Forces Analysis                               

                                4.1.1 Bargaining Power of Suppliers        

                                4.1.2 Bargaining Power of Buyers             

                                4.1.3 Threat of New Entrants     

                                4.1.4 Threat of Substitutes          

                                4.1.5 Competitive Rivalry             

5. Market Segmentation                                              

                5.1 By Geography                           

                                5.1.1 North America       

                                                5.1.1.1 US

                                                5.1.1.2 Canada

                                                5.1.1.3 Mexico

                                                5.1.1.4 Rest of North America

                                5.1.2 Europe      

                                                5.1.2.1 Germany

                                                5.1.2.2 UK

                                                5.1.2.3 France

                                                5.1.2.4 Spain

                                                5.1.2.5 Italy

                                                5.1.2.6 Russia

                                                5.1.2.7 Rest of Europe

                                5.1.3 Asia-Pacific              

                                                5.1.3.1 China

                                                5.1.3.2 Japan

                                                5.1.3.3 India

                                                5.1.3.4 Australia

                                                5.1.3.5 Rest of Asia-Pacific

                                5.1.4 South America       

                                                5.1.4.1 Brazil

                                                5.1.4.2 Argentina

                                                5.1.4.3 Rest of South America

                                5.1.5 Rest of the world 

                                                5.1.5.1 South Africa

                                                5.1.5.2 Middle East

                                                5.1.5.3 Rest of Africa

6. Competitive Landscape                                           

                6.1 Most Adopted Strategies                     

                6.2 Most Active Companies                        

                6.3 Market Share Analysis                           

7. Company Profiles                                       

                7.1 Agrinos AS                  

                7.2 CBF China Biofertilizer AG                    

                7.3 Criyagen Agri & Biotech Pvt Ltd                          

                7.4 Kiwa Bio-Tech Products Group Corporation                 

                7.5 Lallemand Inc.                           

                7.6 Mapleton Agri Biotech Pty Ltd                            

                7.7 Monsanto BioAg                      

                7.8 National Fertilizer Ltd                             

                7.9 Rizobacter Argentina SA                       

                7.10 Symborg SL                              

8. Future of the Market                               

9. Appendix                                       

10. Disclaimer                                   

Purchase Report

Our Clients Include View All

Looking to Customize Report?

Complete your payment details below

Shipping & Billing Information

Payment Information