Mycorrhiza-based Biofertilizer Market Analysis, Status and Business Outlook 2021 to 2026

The Global Mycorrhiza-based Biofertilizer Market Research Report 2021-2026 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). The research analysts provide an elaborate description of the value chain and its distributor analysis. This 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_, SustŒne Natural Fertilizer Inc, Valent Biosciences_, Symbiom s.r.o._, Asfertglobal, Privi Life Sciences Pvt. Ltd and Other

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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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Mycorrhiza-based Biofertilizer market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Mycorrhiza-based Biofertilizer market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Mycorrhiza-based Biofertilizer market.

Market Segments: This part of the report discusses product type and application segments of the global Mycorrhiza-based Biofertilizer market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Mycorrhiza-based Biofertilizer used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Finally, the Mycorrhiza-based Biofertilizer Market report is a believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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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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