Mycorrhiza-based Biofertilizer Market 2020 Analysis by Global Manufacturers – Agrinos AS, AgriLife, Symborg SL, Suståne Natural Fertilizer Inc, Valent Biosciences, Symbiom s.r.o.
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.
Governments of different countries are providing various schemes for encouraging the manufacturers of biofertilizers, and they are taking several initiatives to bring about a shift from conventional farming practices to organic farming practices. All this is encouraging the use of mycorrhiza biofertilizers. Increased food demand and the need for sustainable agricultural development, impressive efficacy on the growth of important crops, and depleting phosphorous levels in soils are the factors driving the market. While high demand for synthetic fertilizers and low shelf life of microorganisms are expected to restrain the market.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Mycorrhiza-based Biofertilizer Market: Agrinos AS, AgriLife, Symborg SL, Suståne Natural Fertilizer Inc, Valent Biosciences, Symbiom s.r.o., Asfertglobal, Privi Life Sciences Pvt. Ltd and others.
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 India’s 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, China’s 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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Regional Analysis For Mycorrhiza-based Biofertilizer Market:
For comprehensive understanding of market dynamics, the global Mycorrhiza-based Biofertilizer market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Mycorrhiza-based Biofertilizer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.
Following are major Table of Content of Mycorrhiza-based Biofertilizer Market:
- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source
Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.
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