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Pulished Date August, 2021
ID: 11967
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Mycorrhiza-based Biofertilizer Market Segmentation by Form (Liquid, Carrier-Based), By Mode of Application (Soil Treatment, Seed Treatment), By Crop Type (Cereals and grains, Pulses and oilseeds, fruits and vegetables, Others), and Region - Industry Analysis, Share, Growth and Forecast 2021-2026.

Pulished: August, 2021
ID: 11967
Pages: 185

Mycorrhiza-based Biofertilizer Market Size, Growth, Trends, and Forecast:

The mycorrhiza-based biofertilizer market was valued at USD 271.8 million in 2021, and it is projected to be worth USD 632.6 million by 2026, by registering an estimated CAGR of 16.8% during the forecast period, 2021-2026.

Mycorrhizae are fungi that live in the roots and soil of higher plants. They form an association with the roots of plants in a non-host-specific way. Mycorrhizae is a fungus that establishes a symbiotic association between a fungus and the roots of an avascular host plant. Mycorrhizae is a symbiotic and mutualistic relationship between soil fungi and plant roots. The plants in which this association is observed are corn, carrots, leeks, potatoes, beans, soybeans, other legumes, tomatoes, peppers, onions, garlic, sunflower, strawberries, citrus fruits, apples, peaches, grapes, cotton, coffee, tea, cocoa, sugar cane, forest species, wild plants, and even weeds.

Mycorrhiza-based biofertilizer promotes plant growth by enhancing nutrient acquisition and promoting growth hormones. They also increase the resistance in plants against plant pathogens and the surface area of the root system for better absorption of nutrients from the soil. The favorable policies put in place by the government for organic farming are increasing the growth of the global Mycorrhiza-based biofertilizers market. Many governments in developing countries such as India, China, Indonesia, Brazil, etc. encourage the use of Mycorrhiza-based biofertilizers. Recent initiatives by various regional bodies in the establishment of microbial research institutes are stimulating their growth. Mycorrhiza-based biofertilizers are mainly used for their symbiotic nitrogen-fixation capacity which helps to increase nitrogen levels in the soil.

Impact of Covid-19 on the Mycorrhiza-based Biofertilizer Market:

The Intensity of the impact of COVID-19 on the market is low. The main effect is still on the logistics side, but again the effect is small as governments in several countries allow deliveries to farmers despite numerous closures. The Mycorrhiza-based biofertilizer market can continue its day-to-day activity as the biofertilizer industry has been classified as a core business in most countries due to its link with food production. Therefore, outside of the logistics industry, the impact of COVID-19 on the market is considered negligible. Due to the COVID-19 pandemic, People are becoming increasingly aware of the advantages of organic food products, which has fueled the growth of the Mycorrhiza-based biofertilizer market. These factors have increased retail sales of organic products in many countries, including the United States, Germany, China, Switzerland, and Denmark.

Recent Developments:

  • In 2019, UPL Limited bought Arysta LifeScience Inc. for 4.2 billion USD, UPL will benefit from this acquisition as it expands its foothold in Africa, Russia, and Eastern Europe.
  • In 2019, Lallemand Plant Care introduced solutions like LALFIX Duo FS for soybean, lentil, and pea spherical granular inoculants, which improve nitrogen fixation, water uptake, and nutrient uptake, boosting the seed's yield genetic potential.

Drivers and Restraints of Mycorrhiza-based Biofertilizer Market:

Drivers:

The rapidly growing organic market is driving the growth in this market. The organic food market is growing at a rapid rate, which is creating a high demand for Mycorrhiza-based biofertilizers. This increased consumer awareness of growing health risks and increasing levels of residues in food and other environmental issues has led consumers to prefer food products without chemicals. Biofertilizers and organic fertilizers are in high demand due to the rise of the organic food sector, as they are required for organic farming. The market is driven by increasing food demand and the need for sustainable agricultural development, as well as the remarkable efficacy of using mycorrhizae to grow vital crops and the depletion of phosphorus levels in soils.

Restraints:

Mycorrhiza-based biofertilizers have a limited shelf life and pose a high risk of contamination. When exposed to high temperatures, microbes in biofertilizers become non-viable. It is therefore very important to keep them in a cool and dry place. The main problem with agricultural inoculation technology is the survival of microorganisms during storage. In addition, the high demand for synthetic fertilizers and the reduced availability of research and development and testing laboratories are hampering the growth of the Mycorrhiza-based biofertilizers market. A quality management system is also needed to deliver better microbial products to farmers. Lack of awareness about Mycorrhiza-based biofertilizers in farmers and limited use of Mycorrhiza-based biofertilizers among farmers of underdeveloped and developing countries is expected to restrain the market growth.

Mycorrhiza-based Biofertilizer Market Segmentation:

By Form, the global Mycorrhiza-based biofertilizers market is segmented by form into liquid and carrier-based. the liquids segment accounted for the largest share of the biofertilizer market. Liquid biofertilizer technology is being promoted as a viable alternative to carrier-based biofertilizers. Mycorrhiza-based liquid biofertilizers also have a longer shelf life.

By Mode of Application, the global Mycorrhiza-based biofertilizer market is segmented by mode of application into soil treatment and seed treatment. The seed treatment segment is expected to have the highest annual yields during the forecast period. In seed treatment, Mycorrhiza-based biofertilizers are applied as coatings to the seeds. This is the most common method of applying biofertilizers because it is easy and generally effective under most conditions.

By Crop Type, the global Mycorrhiza-based biofertilizers market is segmented by crop type into Pulses and oilseeds, cereals and grains, fruits and vegetables, and Others. cereals and cereals represent the dominant crop segment. Mycorrhiza-based biofertilizers are widely used for the efficient production of different grains and cereals, such as wheat, oats, and rice, as they help to improve their performance in poor soil conditions.

Regional analysis:

The North American market is expected to dominate the market during the forecast period owing to the growing demand for organic products, the growing acceptance of Mycorrhiza-based biofertilizers among rural farmers, and the high adoption of organic farming systems. advanced irrigation such as drip and sprinkler irrigation. for fertigation. Asia-Pacific is the largest market, with the dominant market share. The growing emphasis on organic farming, along with the large population, is the main driver behind the demand for Mycorrhiza-based biofertilizers in the region.

In 2019, Europe was the world's second-largest consumer of Mycorrhiza-based biofertilizers, accounting for 30% of the global Mycorrhiza-based biofertilizers market. Due to the imposition of strict regulations on the use of fertilizers Chemicals in Europe, the use of chemical fertilizers tends to be replaced by organic fertilizers. The Mycorrhiza-based Biofertilizers market in the Middle East and Africa was valued at USD 64.5 million in 2019 and is expected to grow at an annual rate of 6.4% during the forecast period. Due to the availability of large arable land and strong population growth, the Latin American market is expected to grow at the highest annual rate of 13.0% during the forecast period.

Leading company:

AgriLife is the leading company in the global Mycorrhiza-based biofertilizers market.

Key players:

Major Key Players in the global Mycorrhiza-based biofertilizers market are Novozymes A/S, Rizobacter Argentina SA, Lallemand Inc., Unicrop Biochem, Jaipur Bio-Fertilizers, National Fertilizer Ltd, Green Vision Life Sciences, UPL Limited, Vegalab SA, Chr. Hansen Holding A/S, Kiwa Bio-Tech, T. Stanes & Company Limited, IPL Biologicals Limited, Symborg, Kan Biosys, Mapleton Agri Biotech Pty Ltd, Nutramax Laboratories Inc., Seipasa, Manidharma Biotech Pvt Ltd, Biomax Naturals, AgriLife, Valent BioSciences, Agrinos, Valagro, Varsha Bioscience and Technology India Pvt Ltd., and  Criyagen.

1. Introduction                        

            1.1 Market Definition             

            1.2 Scope of the report                      

            1.3 Study Assumptions                      

            1.4 Base Currency, Base Year and Forecast Periods                      

2. Research Methodology                             

            2.1 Analysis Design               

            2.2 Research Phases            

                        2.2.1 Secondary Research    

                        2.2.2 Primary Research        

                        2.2.3 Data Modelling  

                        2.2.4 Expert Validation           

            2.3 Study Timeline                 

3. Report Overview                           

            3.1 Executive Summary                    

            3.2 Key Inferencees              

4. Market Dynamics                          

            4.1 Impact Analysis               

                        4.1.1 Drivers  

                        4.1.2 Restaints           

                        4.1.3 Opportunities     

            4.2 Regulatory Environment              

            4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                                  

            5.1 Key Player Benchmarking                      

                        5.1.1 Market share analysis   

                        5.1.2 Products/Service          

                        5.1.3 Regional Presence       

            5.2 Mergers & Acquistion Landscape            

            5.3 Joint Ventures & Collaborations              

6. Market Segmentation                                

            6.1 Mycorrhiza-based Biofertilizer Market, By Form                        

                        6.1.1 Liquid     

                        6.1.2 Carrier-Based   

                        6.1.3 Market Size Estimations & Forecasts (2021-2026)      

                        6.1.4 Y-o-Y Growth Rate Analysis    

                        6.1.5 Market Attractiveness Index     

            6.2 Mycorrhiza-based Biofertilizer Market, By Mode Of Application            

                        6.2.1 Soil Treatment  

                        6.2.2 Seed Treatment

                        6.2.3 Market Size Estimations & Forecasts (2021-2026)      

                        6.2.4 Y-o-Y Growth Rate Analysis    

                        6.2.5 Market Attractiveness Index     

            6.3 Mycorrhiza-based Biofertilizer Market, By Crop Type                

                        6.3.1 Cereals and grains        

                        6.3.2 Pulses and oilseeds      

                        6.3.3 fruits and vegetables     

                        6.3.4 Others   

                        6.3.5 Market Size Estimations & Forecasts (2021-2026)      

                        6.3.6 Y-o-Y Growth Rate Analysis    

                        6.3.7 Market Attractiveness Index     

7. Geographical Landscape                           

            7.1 Global Identity Governance and Administration Market, by Region                   

            7.2 North America - Market Analysis (2018 - 2024)             

                        7.2.1 By Country        

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Form            

                        7.2.3 By Mode Of Application

                        7.2.4 By Crop Type   

            7.3 Europe                 

                        7.3.1 By Country        

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Form            

                        7.3.3 By Mode Of Application

                        7.3.4 By Crop Type   

            7.4 Asia Pacific                      

                        7.4.1 By Country        

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Form            

                        7.4.3 By Mode Of Application

                        7.4.4 By Crop Type   

            7.5 Latin America                   

                        7.5.1 By Country        

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Form            

                        7.5.3 By Mode Of Application

                        7.5.4 By Crop Type   

            7.6 Middle East and Africa                

                        7.6.1 By Country        

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Form            

                        7.6.3 By Mode Of Application

                        7.6.4 By Crop Type   

8. Key Player Analysis                                   

            8.1 AgriLife                 

                        8.1.1 Business Description    

                        8.1.2 Products/Service          

                        8.1.3 Financials          

                        8.1.4 SWOT Analysis

                        8.1.5 Recent Developments  

                        8.1.6 Analyst Overview         

            8.2 Novozymes A/S               

            8.3 Rizobacter Argentina SA             

            8.4 Lallemand Inc                  

            8.5 Unicrop Biochem             

            8.6 Jaipur Bio-Fertilizers                    

            8.7 National Fertilizer Ltd                   

            8.8 Green Vision Life Sciences                     

            8.9 UPL Limited                     

            8.10 Vegalab SA                    

9. Market Outlook & Investment Opportunities                                 

10. Appendix                                

            List of Tables              

            List of Figures            

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Mycorrhiza-based Biofertilizer  Market By Region, From 2021-2026 ( USD Billion )
  2. Global Mycorrhiza-based Biofertilizer  Market By Form , From 2021-2026 ( USD Billion )
  3. Global Liquid Market By Region, From 2021-2026 ( USD Billion )
  4. Global Carrier-Based Market By Region, From 2021-2026 ( USD Billion )
  5. Global Mycorrhiza-based Biofertilizer  Market By Mode of Application, From 2021-2026 ( USD Billion )
  6. Global Soil Treatment Market By Region, From 2021-2026 ( USD Billion )
  7. Global Seed Treatment Market By Region, From 2021-2026 ( USD Billion )
  8. Global Mycorrhiza-based Biofertilizer  Market By Crop Type, From 2021-2026 ( USD Billion )
  9. Global Cereals and grains Market By Region, From 2021-2026 ( USD Billion )
  10. Global Pulses and oilseeds Market By Region, From 2021-2026 ( USD Billion )
  11. Global fruits and vegetables Market By Region, From 2021-2026 ( USD Billion )
  12. Global Others Market By Region, From 2021-2026 ( USD Billion )

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