Mycorrhiza-based Biofertilizer Market Size, Status and Business Growth 2020 to 2026

The Mycorrhiza-based Biofertilizer Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2026.The Mycorrhiza-based Biofertilizer Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). Report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries. This Mycorrhiza-based Biofertilizer Market study provides comprehensive data which enhances the understanding, scope and application of this report

The global mycorrhiza-based biofertilizer market was valued at USD 268.8 million in 2019, and it is projected to be worth USD 621.6 million by 2025, by registering an estimated CAGR of 14.8% during the forecast period, 2020-2025.

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Key Market Players:

Agrinos AS, AgriLife, Symborg SL?, Suståne Natural Fertilizer Inc, Valent Biosciences?, Symbiom s.r.o., Asfertglobal, Privi Life Sciences Pvt. Ltd and Other

Industry News

Aug. 10: Agrinos introduced its vesicular-arbuscular mycorrhizal (VAM) products in India one year ago this month and is pleased to announce the product line has achieved significant adoption by growers. VAM formulations contain fungal spores that help plants improve root growth and facilitate nutrient absorption from the soil, thus increasing nutrient availability and enhancing crop yield and soil health.

Key Market Trends

Depleting Phosphorous Levels in the Soil
Phosphorus is a macronutrient that plays many crucial roles in plants. It is a vital component of nucleic acids, thereby, playing a vital role in plant reproduction, of which, grain production is an important result. The concentration of soluble phosphate in most soil solution is very low, and phosphorus is relatively immobile in the soil. Adding to that, the overuse of agricultural land by continuous cropping and frequent drought conditions, have led to further depletion of phosphorous levels in many regions around the world. Given the rising global demand for food and the current rate of phosphorus extraction brought by increasing use and decreasing worldwide supply, there is a dire need for a sustainable alternative. Microorganisms, such as mycorrhizal fungi, that can greatly enhance phosphorus uptake, could thus be a very effective approach to overcome the phosphate crisis. For instance, in India, a major agricultural country, phosphorus deficiency is widespread in all major rice ecosystems. Large scale use of mycorrhiza-based biofertilizers for rice production has resulted in yield increases of around 10% along with a significant reduction of chemical fertilizer use. Thus, mycorrhizal biofertilizers can effectively enrich the soil with phosphorus deficiency

Asia Pacific dominates the market

Mycorrhizae 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 Indias low phosphorus soils. With the rising price of phosphate fertilizers and almost 50% of Indian soils being phosphorous deficient, mycorrhiza can play a major role in farm fertilization.? In 2017, Chinas Ministry of Agriculture released a pilot plan for fertilizer replacement in around 100 districts of China, which aimed at reducing chemical use fertilizer by at least 20% by 2020. Thus, in turn, encouraging the use of mycorrhiza biofertilizers in the country.? Also, since mined phosphate levels in the Chinese soils have been depleted, mycorrhiza fertilizers can serve as excellent alternatives to chemical counterparts to revive the phosphate levels in the soils naturally.?.

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The market factors explained in the report:

Market Overview: It includes Mycorrhiza-based Biofertilizer Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Mycorrhiza-based Biofertilizer Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Regional Study: All of the regions and countries analyzed in the Mycorrhiza-based Biofertilizer Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

Key Players: This part of the Mycorrhiza-based Biofertilizer Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Mycorrhiza-based Biofertilizer Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.

The research includes historic data from 2014 to 2019 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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