Global Mycorrhizae-based Biofertilizers Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2024-2031

Mycorrhizae-based Biofertilizers Market Analysis

Mycorrhizae-based biofertilizers 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. 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, thereby driving market growth.

Mycorrhizae-based Biofertilizers Market Market Size

Global mycorrhizae-based biofertilizers market size was valued at USD 818.7 million in 2023 and is projected to reach USD 1344.80 million by 2031, with a CAGR of 6.4% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Mycorrhizae-based Biofertilizers Market Trends

“Enhanced Nutrient Uptake”

Mycorrhizal fungi form symbiotic relationships with plant roots, extending their network into the soil. This relationship enhances nutrient uptake, particularly phosphorus, nitrogen, and micronutrients. The fungi increase the root surface area, allowing plants to access nutrients that are otherwise unavailable. This leads to improved plant growth, higher yields, and better crop quality. Farmers are increasingly recognizing the importance of these fungi in maximizing nutrient efficiency and reducing dependence on chemical fertilizers.

Mycorrhizae-based biofertilizers rely on a symbiotic relationship between beneficial fungi (mycorrhizae) and plant roots, enhancing nutrient uptake in plants through several mechanisms. This mutualistic association significantly increases the root surface area, allowing for improved absorption of nutrients, particularly phosphorus, nitrogen, and trace minerals, as well as water. The mycorrhizal fungi form a network of fine, hair-like structures called hyphae, which extend far beyond the root zone. This network can access nutrients in soil areas the plant roots cannot reach alone, increasing the root zone many times over.

Report Scope and Market Segmentation       

Mycorrhizae-based Biofertilizers Market Definition

Mycorrhizae-based biofertilizers are agricultural products that contain beneficial mycorrhizal fungi, which form symbiotic relationships with plant roots. These fungi enhance nutrient and water uptake, improve soil structure, and promote overall plant health. By inoculating soil or seeds with mycorrhizal fungi, these biofertilizers help increase crop yields, reduce the need for chemical fertilizers, and improve soil quality sustainably.

Mycorrhizae-based Biofertilizers Market Dynamics

Drivers  

•    Soil Health and Structure Improvement

Mycorrhizae contribute significantly to soil health by improving soil structure and stability. Their hyphal networks help bind soil particles together, enhancing soil aeration, water retention, and drainage. This leads to improved soil structure, fostering a more hospitable environment for beneficial microorganisms and enhancing overall soil fertility. As awareness of soil degradation grows, farmers and agricultural practitioners are turning to mycorrhizae-based biofertilizers to restore and maintain soil health.              

•     Sustainability and Environmental Impact        

With increasing concerns over environmental degradation, climate change, and the negative effects of chemical fertilizers, there is a strong push toward sustainable agricultural practices. Mycorrhizae-based biofertilizers offer an eco-friendly alternative by reducing chemical fertilizer usage, minimizing nutrient runoff, and lowering greenhouse gas emissions associated with conventional farming. This aligns with global trends toward sustainable agriculture, organic farming, and regenerative practices, making mycorrhizal solutions attractive to both farmers and consumers looking for environmentally responsible food production.

Opportunities

• Expansion in Organic Farming Markets

The growing demand for organic produce presents a significant opportunity for mycorrhizae-based biofertilizers. As consumers increasingly seek chemical-free and sustainably produced food, organic farmers require natural inputs to enhance soil fertility and crop health. Mycorrhizal fungi can help meet this demand by improving nutrient uptake and soil health without the use of synthetic fertilizers. For Instance, in a recent article, Agricultural workers are increasingly turning to organic farming practices to balance crop input and output economics, while becoming increasingly conscious of environmental changes due to climate change. The impacts of a changing climate are already noticeable in the soils, seen by reduced moisture content brought on by increased drought and heat, in addition to years of applying synthetic fertilizers and stripping the soils of its natural microbiome. These compounding effects have led to reduced plant growth and development. This opens avenues for product development tailored specifically for organic certification and practices, fostering partnerships with organic farms and cooperatives.    

• Advanced Restoration of Degraded Soils

There is a significant opportunity to use mycorrhizae-based biofertilizers in the restoration of degraded and contaminated soils, such as those affected by mining, industrial pollution, or intensive agriculture. Mycorrhizal fungi can enhance soil structure, promote plant growth in challenging conditions, and aid in phytoremediation efforts by helping plants uptake heavy metals and other contaminants. This potential for soil rehabilitation can attract investment from environmental organizations and government programs focused on land restoration and sustainable land management, leading to broader applications and increased market demand.  

Restraints/Challenges

• Inconsistent Efficacy and Specificity

One of the primary challenges with mycorrhizae-based biofertilizers is their inconsistent efficacy across different soils, plant species, and environmental conditions. The effectiveness of mycorrhizal fungi can vary based on factors like soil type, pH, moisture, and existing microbial communities. Additionally, not all plant species form beneficial relationships with all types of mycorrhizal fungi, which can limit their applicability. This specificity can make it difficult for farmers to predict outcomes, leading to skepticism about the use of these products, particularly in conventional farming systems accustomed to chemical fertilizers.          

•  Limited Awareness and Education

Despite the benefits of mycorrhizae-based biofertilizers, there remains a general lack of awareness and understanding among farmers, agronomists, and agricultural extension services. Many practitioners may be unfamiliar with the mechanisms of mycorrhizal associations or how to effectively use these products in practice. This knowledge gap can hinder adoption, as farmers may be reluctant to experiment with new technologies without adequate training and support. Increasing awareness through education and outreach programs is essential to promote the integration of mycorrhizae-based biofertilizers into conventional and sustainable farming practices.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Mycorrhizae-based Biofertilizers Market Scope

The market is segmented on the basis of crop, form, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Crop

• Cereals and Grains
• Pulses and Oilseeds
• Fruits and Vegetables
• Others

Form

• Liquid
• Solid

Application

• Soil Treatment
• Seed Treatment

Global Mycorrhizae-based Biofertilizers Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, crop, form, and application as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America is expected to dominate the market due to growing awareness of sustainable agricultural practices, combined with a strong emphasis on organic farming, has fueled demand for these products. Research institutions and universities in this region actively study mycorrhizal fungi, contributing to innovations in biofertilizer formulations and applications.

Asia-Pacific is expected to be the fastest growing due to the presence of established agricultural markets and a strong infrastructure for distribution further support the growth of mycorrhizae-based biofertilizers.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Global Mycorrhizae-based Biofertilizers Market Share

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Mycorrhizae-based Biofertilizers Market Leaders Operating in the Market Are:

• Novozymes A/S (Denmark)
• UPL Limited (India)
• Premier Tech Ltd. (Canada)
• Groundwork AG (Israel)
• Plant Health Care Plc (US)
• Valent BioSciences (US)
• Agrotechnologias Naturales ATENS (Spain)
• Vegalab S.A. (Switzerland)
• Lallemand Inc. (Canada)
• Agrinos (US)
• AgriLife (India)
• Sustane Natural FertilizerT. Stanes & Company Limited (India)
• Ezzy BioSciences (India)
• Asfertglobal (Portugal)
• Privi Life Sciences (India)
• PHMS Technocare Private Limited (India)
• Sikko Industries (India)
• Symbiom SRO (Czech Republic)
• Helena Agri-Enterprises, LLC (US)
• Tainio Biologicals, Inc. (US)
• Neologie Bio Innovations I Private Limited (India)

Latest Developments in Mycorrhizae-based Biofertilizers Market

• In June 2022, Groundwork BioAg and Israel-based global crop protection company, ADAMA announced a commercial agreement offering sustainable, cost-effective mycorrhizal products to help increase crop yields in the Indian market. The collaboration would enable ADAMA and Groundwork BioAg to access India's vast and rapidly growing agricultural market. as soybean and corn. The product launch will help the company serve its Brazilian customers in a better way
• In August 2022, Valent BioSciences subsidiary, Mycorrhizal Applications LLC, announced an expansion of its research facilities at the Bio Research & Development Growth Park at the Donald Danforth Plant Science Center in St. Louis, Missouri. The expansion would provide increased laboratory capacity for research related to arbuscular mycorrhizal fungi, as well as additional office and meeting space. The expansion will also allow the company to conduct in-depth research on new uses for mycorrhizae

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