Europe Mycorrhizae Based Biofertilizers Market to Grow with a CAGR of 7.57% through 2028
Growing consumption for natural & organic farming and
increasing demand in soil treatment are the major driver of the Europe
Mycorrhizae Based Biofertilizers Market in the forecast period 2024-2028
According to TechSci Research report, “Europe
Mycorrhizae Based Biofertilizers Market- By Country, Competition, Forecast and
Opportunities, 2018-2028”, the Europe Mycorrhizae Based Biofertilizers Market
stood at USD 197.88 million in 2022 and is anticipated to grow with a CAGR of 7.57%
through 2028. Mycorrhiza-based
biofertilizers leverage vesicular arbuscular mycorrhizal fungi to establish a
mutually beneficial relationship with plant root systems. This symbiotic
connection leads to an expansion of the plant's root surface area, enhancing
its nutrient absorption capabilities. These mycorrhizal fungi play a vital role
in extracting essential nutrients, including phosphorus and micronutrients,
from the soil and transporting them to the plant's roots. As a result, crops
benefit from increased nutrient levels, contributing to the nutritional value
of organic produce. Moreover, mycorrhizae actively support nutrient cycling and
improve soil structure, promoting the long-term health and fertility of the
soil. This sustainable approach reduces reliance on chemical inputs, benefiting
both the environment and farmers' economic well-being.
Additionally, the adoption of mycorrhizae-based
biofertilizers reduces nutrient leaching into water bodies, thus minimizing
water pollution. Furthermore, these biofertilizers enhance plant resilience,
potentially reducing the need for pesticides and other chemical treatments.
Alongside these advantages, mycorrhizal fungi have been associated with
increased carbon sequestration in soils, making a significant contribution to
efforts aimed at mitigating climate change.
Furthermore, mycorrhizae-based biofertilizers adhere
to plant rhizoids, facilitating the formation of hyphae. These hyphae, in turn,
promote the proliferation and expansion of fine white roots within the soil,
resulting in a substantial augmentation of the rhizosphere. The growing demand
for mycorrhizae-based biofertilizers in the market can be attributed to the
fungi's unique symbiotic relationship with plant roots, enhancing the growth
and resilience of the plants they colonize. Moreover, these biofertilizers
offer advantages for use in both organic farming and conventional commercial
agriculture, further fueling market expansion.
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Furthermore, mycorrhiza-based biofertilizers serve as
an eco-friendly and sustainable alternative to chemical fertilizers. Their
ability to reduce dependence on chemical fertilizers while promoting soil
health leads to increased crop yields and enhanced agricultural productivity,
which is anticipated to drive greater demand for these biofertilizers in the
foreseeable future.
The Europe Mycorrhizae Based Biofertilizers Market is
segmented into type, form, mode of application, application, country
distribution, and company.
Based on type, the market is divided into
endomycorrhizae and ectomycorrhizae. Endomycorrhizae is expected to hold the
largest market share in the forecast period with 79.17% in 2022 due to their
capacity to potentially transform modern agriculture, the expansion of the
Europe Mycorrhizae Based Biofertilizers Market is notable. This growth can be
credited to the increasing preference for endo-mycorrhizae, which enhance water
absorption efficiency, alleviate water stress, and enhance resistance to
drought, making them increasingly popular among farmers. Additionally,
endomycorrhizae play a pivotal role in the creation of intricate structures
called arbuscules, which facilitate efficient nutrient exchange between the
fungus and the plant. This fosters mutually advantageous growth benefits,
contributing to the growth of the Europe Mycorrhizae Based Biofertilizers
Market throughout the forecast period.
Based on form, the market is categorized into liquid
and solid. Liquid is expected to hold the largest market share in the forecast
period with 59.07% in 2022 one of the key advantages of liquid
mycorrhizae-based biofertilizers is their remarkable ability to greatly improve
nutrient uptake in plants. Mycorrhizal fungi establish a symbiotic partnership
with plant roots, extending the reach of the root system and augmenting its
capability to absorb vital nutrients, especially phosphorus and nitrogen. When
in liquid form, these biofertilizers are easily assimilated by plant roots,
resulting in a swifter and more effective absorption of nutrients.
Based on mode of application, the market is segmented
into soil treatment, seed treatment, and fertilization treatment. Soil
treatment is expected to hold the largest market share in the forecast period
with 41.65% in 2022. This can be attributed to the simplicity of their
application. Soil treatment methods are quite uncomplicated and align
seamlessly with existing agricultural practices, making them accessible to a
wide range of farmers. Additionally, the application of biofertilizers
containing mycorrhizal spores and mycelium to the soil can be carried out
through various techniques, including incorporating it into the soil during
planting, spreading it evenly over the soil surface, or delivering it to the
root zone through irrigation systems. All these approaches contribute to
enhanced plant growth, thereby promoting the growth of the Europe Mycorrhizae
Based Biofertilizers Market during the forecasted period.
Based on application, the market is segmented into
agricultural and non-agricultural. Agricultural segment is expected to hold the
largest market share in the forecast period with 85.86% in 2022. The heightened
production of various food items, encompassing cereals, grains, fruits,
vegetables, and more, to foster the development of nutritious products has led
to increased demand. Notably, the mycorrhizae based biofertilizers market is
influenced by the mounting pressure stemming from population growth, resulting
in a substantial surge in agricultural demand. Consequently, this has propelled
a significant expansion of the market.
Based on country, France is expected to hold the
largest market share in the Europe Mycorrhizae Based Biofertilizers Market. The
demand for mycorrhizae-based biofertilizers in France has been steadily
increasing, reflecting a growing trend towards sustainable and eco-friendly
agricultural practices. French farmers and growers are increasingly recognizing
the benefits of incorporating mycorrhizae-based biofertilizers into their crop
management strategies. These biofertilizers enhance nutrient uptake, improve
soil structure, and boost plant resilience to environmental stressors, all of
which are vital for maintaining high crop yields and quality. Additionally,
mycorrhizae-based biofertilizers align with France's commitment to reducing the
use of synthetic chemicals in agriculture, promoting healthier and more
sustainable farming methods.
Furthermore, the demand for mycorrhizae-based
biofertilizers in France is also being driven by consumer preferences for
organic and environmentally friendly produce. French consumers are becoming
more conscious of the food they consume and its impact on their health and the
environment. As a result, there is a growing market for organic and sustainably
produced crops, and farmers are turning to biofertilizers to meet these
demands. Government support and incentives for sustainable agriculture
practices in France further contribute to the increasing demand for
mycorrhizae-based biofertilizers. These factors combined indicate a promising
outlook for the mycorrhizae-based biofertilizers market in France, with
continued growth expected in the coming years.
Major companies operating in Europe Mycorrhizae Based
Biofertilizers Market are:
- Novozymes A/S
- Vegalab SA
- Atens-Agrotechnologias Naturales S.L.
- Biolchim S.p.A
- ATLÁNTICA AGRÍCOLA, S.A.
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“The Europe Mycorrhizae-Based Biofertilizers Market
has undergone significant expansion in recent years. This growth can be
attributed to the increasing adoption of mycorrhizae-based biofertilizers
within the agricultural sector. These biofertilizers have demonstrated their
effectiveness in improving nutrient uptake efficiency, reducing plant diseases,
and optimizing water usage for plant growth. Furthermore, the market's
advancement is driven by substantial research and development efforts and
various sustainability initiatives led by government authorities. These initiatives
include the promotion and development of mycorrhizae-based biofertilizers,
aligning with broader ecological goals creates a lucrative opportunity in the
market growth,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based management consulting firm.
“Europe Mycorrhizae Based Biofertilizers
Market, By Type (Endomycorrhizae, Ectomycorrhizae), By Form (Liquid, Solid), By
Mode of Application (Soil Treatment, Seed Treatment, and Fertilization
Treatment), By Application (Agriculture, Non-Agriculture), By Country, By Competition,
Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Europe Mycorrhizae Based Biofertilizers Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Europe Mycorrhizae Based Biofertilizers Market.
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