Mycorrhizae-based biofertilizers market are gaining traction as sustainable solutions to enhance agricultural productivity while reducing chemical fertilizer dependency. These biofertilizers improve nutrient absorption, soil health, and plant resilience to stress. Rising awareness about organic farming and government incentives for eco-friendly agricultural practices are key growth drivers. The market is primarily concentrated in regions with extensive agricultural activities, such as Asia-Pacific and Latin America. However, limited awareness and shorter shelf life compared to chemical fertilizers pose challenges to wider adoption.
According to the research report, the global mycorrhizae-based biofertilizers market was valued at USD 468.51 million in 2022 and is expected to reach USD 1,845.67 million by 2032, to grow at a CAGR of 14.7% during the forecast period.
Market Trends: Mycorrhizae-Based Biofertilizer
- Sustainability Push: Rising adoption of organic farming and eco-friendly agricultural practices.
- Enhanced Soil Health: Growing awareness of biofertilizers’ role in improving soil fertility and crop yield.
- Government Support: Increased subsidies and incentives for using sustainable fertilizers.
- Commercial Farming Growth: Expanding demand for high-quality produce in domestic and export markets.
- Innovation in Products: Development of advanced formulations for specific crops and climatic conditions.
Key Companies in Mycorrhizae Based Biofertilizer Market:
- Novozymes A/S
- UPL Limited
- Premier Tech Ltd.
- Plant Health Care
- Groundwork AG
- Valent BioSciences
- Agrotechnologies Naturales ATENS
- Lallemand Inc.
- AgriLife
- Ezzy BioSciences
- Privi Life Sciences
- PHMS Technocare Private Limited
- Sikko Industries
- Symbiom SRO
- Helena Agri-Enterprises LLC
- Tainio Biologicals Inc.
- Vegalab S.A
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Mycorrhizae Based Biofertilizer market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Market Segmentation: Mycorrhizae-Based Biofertilizer
The mycorrhizae-based biofertilizer market is segmented by product type, application, and region. Product types include endomycorrhizal and ectomycorrhizal biofertilizers, with endomycorrhizal products being the most widely used due to their broad applicability across various plant species. Applications span across organic farming, horticulture, forestry, and turf management, where biofertilizers improve nutrient uptake and soil health. Organic farming is a significant segment driven by the increasing demand for chemical-free produce. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Latin America. The Asia-Pacific region is expected to experience the fastest growth, driven by the rise in organic farming and government initiatives promoting sustainable agriculture. Increasing awareness of soil health and environmental concerns is also contributing to the market’s expansion, as farmers look for alternatives to chemical fertilizers.
Mycorrhizae-based Biofertilizers Market, Mode of Application Outlook (Revenue – USD Million, 2019-2032)
- Seed Treatment
- Soil Application
- Fertilization Treatment
Mycorrhizae-based Biofertilizers Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Agriculture
- Oilseeds & Pulses
- Fruits & Vegetables
- Non-agriculture
Mycorrhizae-based Biofertilizers Market, Form Outlook (Revenue – USD Million, 2019-2032)
- Ectomycorrhizae
- Endomycorrhizae
Mycorrhizae-based Biofertilizers Market, Type Outlook (Revenue – USD Million, 2019-2032)
- Solid
- Liquid
Mycorrhizae Based Biofertilizer Industry Developments:
In August 2022, CFCL and TERI introduced their first mycorrhiza-based biofertilizer product, named Superrhiza. Produced in a sterile environment and enriched with naturally occurring mycorrhizal partner bacteria, Superrhiza offers a unique advantage over other mycorrhiza variants by delivering soil nutrients more efficiently.
In April 2022, Premier Tech Ltd. completed the acquisition of US-based Northwoods Organics. This acquisition enhances the company’s presence in the US market by adding two peat bogs and a new packaging plant. As a result, Premier Tech’s manufacturing capacity has increased, allowing the company to provide improved service to its customers.
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