Mycorrhizae-Based Biofertilizers Market worth $1,645.30 million by 2030, growing at a CAGR of 13.64% - Exclusive Report by 360iResearch

The "Mycorrhizae-Based Biofertilizers Market by Type (Ectomycorrhizae, Endomycorrhizae), Form (Liquid, Solid), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Mycorrhizae-Based Biofertilizers Market to grow from USD 671.96 million in 2023 to USD 1,645.30 million by 2030, at a CAGR of 13.64%.

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Mycorrhizae-based biofertilizers are a form of sustainable agricultural solution that utilizes the symbiotic relationship between soil fungi, known as mycorrhizal fungi, and the roots of plants. By extending the plant's root system, mycorrhizae heighten the uptake of essential nutrients, including phosphorus and nitrogen, enhancing plant growth and productivity. Mycorrhizal fungi improve a plant's water-use efficiency, thereby increasing its ability to withstand drought conditions. Increasing agricultural awareness, the escalating necessity for sustainability, and issues related to food security have accelerated the adoption of mycorrhizae-based biofertilizers. Understanding of the long-term deleterious effects engendered by chemical fertilizers have resulted in an increased uptake of bio-fertilizers. However, high cost of production and lack of awareness in several regions might hamper widespread adoption. Continual advancements in biotechnology and growing governmental support will undoubtedly fortify this expansion, offering high-yielding and environmentally friendly solutions within the agricultural industry. Market players are working on introducing new solutions that can further improve soil fertility, plant nutrient accessibility, and agricultural productivity.

In the Americas, the use of mycorrhizae-based biofertilizers is considerable due to technological advancements and an increasing awareness of the importance of sustainable farming. USA-based companies represent a major portion of biofertilizer production, contributing significantly to the global supply. Despite high production capacity, significant imports from Canada, particularly of Glomus intraradices species, demonstrate the region's robust demand. Asia stands as the fastest-growing region for mycorrhizae-based biofertilizers, with China and India being major producers. Governmental incentives to reduce chemical fertilizer usage, the growing population, and the need to boost agricultural productivity fuel its usage. Major players are investing heavily in research and development, promoting the production and application of these biofertilizers. European countries show a keen interest in organic farming practices, elevating the demand for mycorrhizae-based biofertilizers. Companies in the region are offering a variety of specialized mycorrhizal products to cater to region-specific demands. Middle East & Africa demonstrates a moderate deployment of mycorrhizae-based biofertilizers and its awareness is gradually increasing, spearheaded by South Africa and Israel. Local companies are investing in technologies to enhance the use and production of these biofertilizers, aiming for sustainable, climate-resilient agriculture.

Market Segmentation & Coverage:

This research report categorizes the Mycorrhizae-Based Biofertilizers Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Ectomycorrhizae and Endomycorrhizae. The Endomycorrhizae is projected to witness significant market share during forecast period.

Based on Form, market is studied across Liquid and Solid. The Solid is projected to witness significant market share during forecast period.

Based on Application, market is studied across Agriculture, Fruits & Vegetables, and Oilseeds & Pulses. The Oilseeds & Pulses is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.77% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Mycorrhizae-Based Biofertilizers Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Mycorrhizae-Based Biofertilizers Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Mycorrhizae-Based Biofertilizers Market, highlighting leading vendors and their innovative profiles. These include Agri Life, Asfertglobal, Lda., Atens, Biostadt India Limited, Corteva Agriscience, Farmadil India LLP, FMC Corporation, Groundwork BioAg Ltd., Helena Agri-Enterprises, LLC, Indogulf BioAg LLC, JH Biotech, Inc., Koppert, Lallemand Inc., Mycoroot (Pty) Ltd, Neologie Bio Innovations I Private Limited, Novozymes A/S, Peptech Biosciences Ltd., Phms Technocare Private Limited, Plant Health Care PLC, Privi Life Sciences Pvt Ltd, Real IPM Kenya Ltd., T.Stanes and Company Limited, UPL Ltd., and Valent BioSciences Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Mycorrhizae-Based Biofertilizers Market, by Type
7. Mycorrhizae-Based Biofertilizers Market, by Form
8. Mycorrhizae-Based Biofertilizers Market, by Application
9. Americas Mycorrhizae-Based Biofertilizers Market
10. Asia-Pacific Mycorrhizae-Based Biofertilizers Market
11. Europe, Middle East & Africa Mycorrhizae-Based Biofertilizers Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Mycorrhizae-Based Biofertilizers Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Mycorrhizae-Based Biofertilizers Market?
3. What is the competitive strategic window for opportunities in the Mycorrhizae-Based Biofertilizers Market?
4. What are the technology trends and regulatory frameworks in the Mycorrhizae-Based Biofertilizers Market?
5. What is the market share of the leading vendors in the Mycorrhizae-Based Biofertilizers Market?
6. What modes and strategic moves are considered suitable for entering the Mycorrhizae-Based Biofertilizers Market?

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