|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
197.88 Million
|
|
CAGR
(2023-2028)
|
7.57%
|
|
Fastest
Growing Segment
|
Soil
Treatment
|
|
Largest
Market
|
France
|
Market Overview
The Europe Mycorrhizae Based
Biofertilizers Market was valued at USD 197.88 Million in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 7.57%
through 2028. Mycorrhiza signifies a symbiotic relationship that occurs between
specific fungi and plant roots, where the fungi and plants engage in a mutually
beneficial partnership. Biofertilizers based on mycorrhizae are specialized
organic formulations that combine beneficial mycorrhizal fungi with essential
nutrients and growth-promoting microorganisms. These biofertilizers are
carefully formulated to enhance plant growth, improve nutrient uptake, and
boost overall plant health by facilitating the mutually advantageous
interaction between mycorrhizal fungi and plant roots. Additionally,
mycorrhizae-based biofertilizers provide protective advantages to plants by
defending them against various soil-borne infections, reducing the stress
associated with transplantation, and mitigating the effects of acidic soil
conditions. These factors collectively contribute to the anticipated growth of
the Europe Mycorrhizae Based Biofertilizers Market in the forecasted period.
Key Market Drivers
Flourishing
Consumption of Mycorrhizae Based Biofertilizers in Organic Farming
Organic farming has
experienced a surge in popularity recently, driven by consumers' heightened awareness
of the food they consume and its implications for both health and the
environment. This shift in consumer preferences has led to an increased demand
for organic produce and a corresponding need for sustainable and eco-friendly
farming practices. Within this context, mycorrhizae-based biofertilizers have
emerged as a crucial tool for organic farmers. These biofertilizers leverage
the beneficial attributes of fungi to enhance nutrient uptake and soil health,
and they are experiencing rising demand within the organic farming sector. Organic
farming represents a fundamental transformation in agriculture, prioritizing
sustainable and environmentally conscious practices. In contrast to
conventional farming, which heavily relies on synthetic chemicals, organic
farming seeks to reduce the use of synthetic pesticides and fertilizers while
emphasizing soil health, biodiversity, and long-term sustainability. As
consumers increasingly opt for organic produce due to health and environmental
concerns, farmers are feeling the pressure to adopt organic farming methods.
Moreover, organic farming
prohibits the use of synthetic fertilizers, necessitating the use of natural
and organic alternatives to supply essential nutrients to crops. This reliance
on natural fertilizers, including compost, manure, and biofertilizers,
underscores the significance of choosing appropriate fertilization methods for
the success of organic farming. Mycorrhizae-based biofertilizers have gained
prominence as a vital component of organic farming practices.
Furthermore, soil health
holds paramount importance in organic farming, and mycorrhizae-based
biofertilizers play a pivotal role in enhancing and sustaining soil health. As
farmers increasingly recognize the value of nurturing their soil for long-term
sustainability, the demand for biofertilizers that improve soil structure and
nutrient cycling is on the rise. Healthy soil not only supports robust plant
growth but also sequesters carbon, mitigating the effects of climate change.
Additionally, it reduces the risks associated with soil erosion and nutrient
runoff, which can harm nearby water bodies. Consumer awareness regarding the
environmental and health benefits of organic products has been a driving force
behind the growth of the organic farming sector. Organic produce is perceived
as safer and more nutritious, being free from synthetic chemicals, genetically
modified organisms (GMOs), and artificial additives. As consumers become
increasingly health-conscious and eco-aware, they are willing to pay a premium
for organic products. To meet this growing demand, organic farmers are under
pressure to maximize their crop yields while maintaining product quality.
Mycorrhizae-based biofertilizers offer a natural and sustainable means of
achieving these goals, making them an attractive choice for organic growers
seeking to deliver high-quality products to the market. Consequently, the
demand for organic and natural farming has spurred the growth of the Europe
Mycorrhizae Based Biofertilizers Market.
Rising
Demand of Mycorrhizae Based Biofertilizers in Non Agricultural Sector
While mycorrhizae-based
biofertilizers have long been acknowledged for their agricultural benefits,
their utility extends beyond farming. In recent years, there has been a
significant uptick in demand for these biofertilizers in non-agricultural
sectors. Industries ranging from forestry to horticulture, landscaping to
ecological restoration, and even the pharmaceutical sector are increasingly
embracing mycorrhizae-based biofertilizers for their unique advantages. In the
realm of forestry and reforestation efforts, mycorrhizae-based biofertilizers
have gained traction due to their capacity to enhance tree growth and
establishment. These biofertilizers play a pivotal role in improving nutrient
absorption and root development, critical factors in successful afforestation
projects. By fostering mycorrhizal associations between tree roots and
beneficial fungi, foresters can expedite reforestation efforts, rehabilitate
degraded ecosystems, and mitigate the consequences of deforestation.
Mycorrhizae-based biofertilizers also contribute significantly to restoring
biodiversity in damaged ecosystems, crucial for functions such as carbon
sequestration, water resource protection, and habitat preservation.
Moreover, in the
horticulture and ornamental plant cultivation sector, mycorrhizae-based
biofertilizers are increasingly sought after for their ability to enhance plant
health and the aesthetics of landscapes. These biofertilizers stimulate root
growth, resulting in sturdier and healthier plants. Additionally, mycorrhizal
associations enable ornamental plants to withstand environmental stressors like
drought and disease. Landscapers and gardeners are incorporating
mycorrhizae-based biofertilizers into their practices to create vibrant and
sustainable landscapes. The demand for these biofertilizers is fueled by the
desire to reduce the reliance on chemical fertilizers and pesticides in
landscaping and gardening, aligning with the broader trend towards eco-friendly
and sustainable landscaping practices. In construction and infrastructure
development, mycorrhizae-based biofertilizers are employed for erosion control
and soil stabilization. They assist in establishing vegetation on slopes and
disturbed soils, effectively preventing erosion and soil degradation. By
enhancing root development and nutrient uptake, these biofertilizers contribute
to the long-term stability of construction sites, highways, and embankments.
Mycorrhizae-based biofertilizers provide a sustainable alternative to
traditional erosion control methods, reducing environmental impact while
promoting the establishment of native plant species, thereby enhancing
biodiversity.
Furthermore, ecological
restoration projects, aimed at rehabilitating degraded ecosystems, are
increasingly turning to mycorrhizae-based biofertilizers to expedite the
recovery process. These biofertilizers facilitate the establishment of native
vegetation by enhancing nutrient cycling, improving soil structure, and
bolstering resistance to environmental stressors. They play a vital role in
restoration efforts in wetlands, grasslands, and riparian zones, facilitating
the reintroduction of native plant species and the rehabilitation of wildlife
habitats. The demand for biofertilizers supporting ecological restoration
aligns with the global commitment to environmental conservation and habitat
restoration. Even in aquaculture and hydroponic systems, where conventional
soil-based agriculture is impractical, mycorrhizae-based biofertilizers find
applications. In hydroponics, these biofertilizers promote root health and
nutrient uptake, improving the growth of crops cultivated in nutrient
solutions. Similarly, in aquaculture, mycorrhizal associations with aquatic
plants enhance nutrient cycling and water quality. As aquaculture and
hydroponics gain traction as alternative food production methods, the demand
for biofertilizers supporting plant growth in these systems is expected to
rise.
Additionally, in
controlled environments such as greenhouses and indoor plant cultivation,
mycorrhizae-based biofertilizers are employed to optimize plant growth and crop
yields. These biofertilizers ensure that plants receive adequate nutrients,
even in confined spaces. As controlled environment agriculture gains popularity
for year-round production, mycorrhizae-based biofertilizers offer a sustainable
and efficient nutrient management solution. Greenhouse growers are particularly
interested in these biofertilizers due to their capacity to reduce the need for
synthetic fertilizers and promote the growth of healthier and more resilient
crops. The demand for mycorrhizae-based biofertilizers in controlled
environments is driven by a combination of economic and environmental
considerations. The numerous benefits of mycorrhizae-based biofertilizers are
anticipated to propel the demand for the Europe Mycorrhizae Based
Biofertilizers Market in the forecast period.
Growing
Demand of Mycorrhizae Based Biofertilizers in Seed Treatment
In the realm of
agriculture, the primary objectives have long been achieving maximum crop
yields and ensuring the health of plants. To attain these goals, farmers have
traditionally employed various strategies, including the use of fertilizers and
pesticides. However, a notable shift towards sustainable and eco-friendly
farming practices has emerged in recent years, placing seed treatment with
mycorrhizae-based biofertilizers in the spotlight. Seeds form the foundation of
agriculture, carrying the genetic potential of a crop and playing a pivotal
role in its future performance. When it comes to crop production, commencing
with high-quality seeds is imperative. It is crucial to ensure that seeds
germinate uniformly, develop robust roots, and possess resistance to diseases
and environmental stressors to achieve optimal crop yields and quality. Seed
treatment is a critical part of this process.
Moreover, mycorrhizae-based
biofertilizers are carefully formulated products containing beneficial fungi.
When applied to seeds or directly to the soil during planting, these
biofertilizers establish a symbiotic relationship between the plant and
mycorrhizal fungi. This relationship facilitates nutrient uptake and enhances
overall plant health. Mycorrhizal associations significantly enhance the
absorption of vital nutrients, especially phosphorus and micronutrients crucial
for early seedling development. Mycorrhizae stimulate root growth, resulting in
more robust and extensive root systems capable of exploring a larger soil
volume for nutrients and water. Mycorrhizal fungi assist plants in coping with
environmental stressors like drought, salinity, and imbalanced soil pH,
ensuring that seedlings are better equipped to thrive under challenging
conditions. Some mycorrhizal species even produce antimicrobial compounds that
safeguard plants from soil-borne pathogens, reducing the need for chemical
fungicides. By improving nutrient availability and disease resistance,
mycorrhizae-based biofertilizers reduce reliance on synthetic fertilizers and
pesticides during seed treatment and early crop growth stages. These
biofertilizers are not only environmentally friendly but also promote
sustainable farming practices by diminishing the environmental impact
associated with chemical treatments. These factors are poised to drive the
growth of the Europe Mycorrhizae Based Biofertilizers Market in the forecast
period.
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Key Market Challenges
Contradictory
Product Quality
Ensuring a consistent
level of product quality is of paramount importance for the success of
mycorrhizae-based biofertilizers. The efficacy of these biofertilizers hinges
on the viability and quality of the mycorrhizal spores or propagules they
contain. Variations in product quality can result in unpredictable outcomes in
the field, eroding the confidence of farmers in the product. To maintain a high
level of product quality, stringent quality control measures must be
implemented throughout the production and distribution processes. This also
entails optimizing storage conditions to preserve the viability of mycorrhizal
propagules. Manufacturers are required to invest in research and development to
improve product stability and ensure that each batch meets predefined quality
standards.
Furthermore, it's worth
noting that while mycorrhizae-based biofertilizers offer long-term benefits,
they may initially be perceived as costly. The upfront investment involved in
purchasing and applying biofertilizers can be higher compared to traditional
chemical fertilizers. This cost challenge is particularly relevant for
small-scale and resource-constrained farmers who may exhibit hesitancy in
transitioning to biofertilizers.
Environmental
Situations and Soil Variability
The effectiveness of
mycorrhizae-based biofertilizers can be subject to environmental conditions and
soil variability. Elements like temperature, pH levels, and soil composition
have the potential to influence the establishment and growth of mycorrhizal
associations. In specific regions, these factors may not be conducive to
mycorrhizal colonization, thereby limiting the potential advantages of
biofertilizers.
Furthermore, the
mycorrhizae-based biofertilizers market in Europe is experiencing increasing
competition. While competition can be a driving force for innovation and
product advancement, it also presents challenges for smaller companies
attempting to enter the market. Established players often possess the resources
and distribution networks necessary to dominate the market, creating obstacles
for newcomers seeking to establish themselves.
Compatibility
with Other Agricultural Inputs
In contemporary
agriculture, farmers frequently utilize an array of inputs, which encompass
chemical fertilizers, pesticides, and herbicides. The potential for
compatibility issues arises when mycorrhizae-based biofertilizers interact with
these other inputs. For instance, certain chemical fertilizers can have adverse
effects on mycorrhizal fungi, diminishing their efficacy. To address this
challenge effectively, manufacturers must furnish clear guidelines regarding
the appropriate timing and application methods for mycorrhizae-based
biofertilizers when used in conjunction with other agricultural inputs.
Additionally, research and testing endeavors should prioritize the
identification of the most harmonious combinations of inputs to optimize both
crop yields and soil health.
Key Market Trends
Customized
Solutions for Different Crops
A prominent trend in the
Europe mycorrhizae-based biofertilizers market involves the development of
tailored solutions designed for specific crops. Agricultural experts have come
to acknowledge that different crops and soil types possess distinct requirements.
In order to maximize the advantages offered by mycorrhizae-based
biofertilizers, manufacturers are customizing their products to align with the
precise needs of diverse crops, such as corn, soybeans, tomatoes, and grapes.
These personalized formulations consider variables like pH levels, nutrient
prerequisites, and prevailing environmental conditions, ensuring that
mycorrhizae-based biofertilizers deliver optimal results in terms of augmenting
crop yields and quality. This trend is fostering greater acceptance of
biofertilizers across a wide spectrum of agricultural practices and crop
varieties. Furthermore, farmers are increasingly embracing holistic approaches
to farming that prioritize the long-term health of soil and ecosystem
stability. Mycorrhizae-based biofertilizers contribute to these objectives by
promoting mutually beneficial interactions between plants and soil
microorganisms. As a result, the market is experiencing heightened interest
from environmentally conscious growers and stakeholders.
Increased
Research and Development
The mycorrhizae-based
biofertilizers market in Europe is currently reaping the rewards of continuous
research and development endeavors. Scientists and agricultural experts are
engaged in ongoing investigations into the interactions between mycorrhizal
fungi and plants, with the aim of creating biofertilizer products that are more
potent and efficient. These research initiatives are geared towards refining
the selection of mycorrhizal species tailored to specific crops and soil types.
Additionally, advancements in production methods and formulation techniques are
enhancing the shelf life and ease of application of mycorrhizae-based
biofertilizers. This heightened emphasis on research and development is poised
to yield products that offer superior performance, ultimately driving their
broader adoption within the agriculture sector.
Furthermore, government
support and regulatory initiatives are playing a pivotal role in the acceptance
of mycorrhizae-based biofertilizers. In the region, various government agencies
and organizations are actively promoting sustainable agricultural practices and
encouraging farmers to reduce their reliance on synthetic fertilizers and
pesticides. These initiatives encompass a range of incentives, subsidies, and
educational programs aimed at raising awareness regarding the advantages of
biofertilizers.
Segmental Insights
Type Insights
Based on the type, the endomycorrhizae segment is
expected to register the highest growth of 7.47% during the forecast period
2024-2028, 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.
Form Insights
Based on the form, the liquid segment is expected to
register the highest growth of 7.85% during the forecast period 2024-2028, 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.
Mode of Application Insights
Based on the mode of application, the soil treatment
segment is expected to register the highest growth of 8.18% during the forecast
period, 2024-2028. 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.
Application Insights
Based on the application, the agriculture segment is
expected to register the largest growth of 7.47% during the forecast period, 2024-2028.
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.
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Country Insights
France will witness largest
growth during the forecast period, 2024-2028. 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.
Recent Developments
- In October
2021, Novozymes A/S launched P201/P208, a first-generation biological
fertilizer solution with Anuvia Plant Nutrients that enable farmers to
replace a portion of the phosphorus in synthetic fertilizers, thereby
reducing the impact on the environment.
- In February
2021, Novozymes entered the biocontrol segment of agriculture with
promising enzyme-based technology by expanding beyond its current base of
microbial products and innovation.
- In
October 2018, Vegalab signed a multiyear distribution agreement with Van
Iperen International B.V., the foremost specialty fertilizer and
high-performance agricultural solutions producer in the Netherlands.
- In January
2018, Vegalab introduced formulation of all natural, environmentally
friendly mildew control product which is a natural geraniol-based
pesticide that uses this essential plant oil in a formulation which, is
both curative and preventative against downy mildew, and many forms of powdery mildew, on a wide variety of crops.
Key Market Players
- Novozymes A/S
- Vegalab SA
- Atens-Agrotechnologias Naturales S.L.
- Biolchim S.p.A
- ATLÁNTICA AGRÍCOLA, S.A.
|
By Type
|
By
Form
|
By
Mode of Application
|
By
Application
|
By
Country
|
- Endomycorrhizae
- Ectomycorrhizae
|
|
- Soil
Treatment
- Seed
Treatment
- Fertilization
Treatment
|
- Agricultural
- Non
Agricultural
|
- France
- Germany
- United
Kingdom
- Italy
- Spain
- Russia
- Netherlands
- Switzerland
- Sweden
- Denmark
|
Report
Scope:
In this report, the Europe
Mycorrhizae Based Biofertilizers Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Europe Mycorrhizae Based Biofertilizers Market, By Type:
o Endomycorrhizae
o Ectomycorrhizae
- Europe Mycorrhizae Based Biofertilizers Market, By Form:
o Liquid
o Solid
- Europe Mycorrhizae Based Biofertilizers Market, By Mode of Application:
o
Soil Treatment
o
Seed Treatment
o
Fertilization
Treatment
- Europe Mycorrhizae Based Biofertilizers Market, By Application:
o
Agricultural
o
Non-agricultural
- Europe Mycorrhizae Based Biofertilizers Market, By Country:
o France
o Germany
o United
Kingdom
o Italy
o Spain
o Russia
o Netherlands
o Switzerland
o Sweden
o Denmark
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies present in
the Europe Mycorrhizae Based Biofertilizers Market.
Available
Customizations:
The Europe Mycorrhizae Based
Biofertilizers Market report with the given market data, TechSci
Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
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Mycorrhizae Based Biofertilizers Market is an upcoming report to be released
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