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Forecast Period
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2018-2028
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Market Size (2022)
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USD 116.78 Million
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CAGR (2023-2028)
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7.33%
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Fastest Growing Segment
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Soil Treatment
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Largest Market
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Midwest
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Market Overview
The United States Mycorrhizae Based Biofertilizers
Market was valued at USD 116.78 Million in 2022 and is anticipated to project
robust growth in the forecast period with a CAGR of 7.33% through 2028. Mycorrhiza
is a type of symbiotic association between certain fungi and plant roots, where
the fungi form a mutualistic relationship with the plants. The mycorrhizae
based biofertilizers are specialized organic formulations that contain
beneficial mycorrhizal fungi in combination with other nutrients and
growth-promoting microorganisms. These biofertilizers are designed to enhance
plant growth, nutrient uptake, and overall health by facilitating a mutually
beneficial interaction between the mycorrhizal fungi and the plant roots. Along
with this, mycorrhizae based biofertilizers also protect plants from many
soil-borne infections, reduce transplantation, and acidic shock. All these
factors contribute to the growth of the United States Mycorrhizae Based
Biofertilizers Market in the forecast period.
Key Market Drivers
Growing Adoption of Organic &
Natural Food
In recent years, the United States has witnessed
a remarkable shift in consumer preferences when it comes to the food they
consume. One of the most significant trends in the food industry has been the
skyrocketing demand for organic food as it become a mainstream choice for
health-conscious consumers, environmentally aware individuals, and those
seeking higher quality and more sustainable options. Along with this, the
organic food industry flourishes, so the demand for innovative and sustainable
agricultural practices increases. Among these pioneering approaches,
mycorrhizae based biofertilizers have emerged as a powerful tool,
revolutionizing the way to produce organic food while nurturing the planet. Mycorrhizal
fungi play a crucial role in extracting nutrients, such as phosphorus and
micronutrients, from the soil and delivering them to plant roots. This
translates to improved nutrient content in crops, enhancing the nutritional
value of organic food. Therefore, the demand of organic and natural food led to
the growth of United States Mycorrhizae Based Biofertilizers Market.
Growing Demand for Sustainable Flavor
In the United States, a culinary
revolution is underway, driven by an increasing demand for sustainably grown,
flavorful, and nutrient-rich produce. As consumers become more conscious of
their food choices and their impact on the environment, the agricultural
industry is responding with innovative solutions. Mycorrhizae-based
biofertilizers are emerging as a secret ingredient that not only enhances the
flavor of crops but also aligns with the principles of sustainability, creating
a winning recipe for both farmers and food enthusiasts. Moreover, the use of
mycorrhizae-based biofertilizers in sustainable agriculture has ushered in a
new era of flavor-focused farming. These beneficial fungi work their magic
beneath the soil's surface, forming symbiotic relationships with plant roots.
The result is a harmonious partnership that yields crops with intensified
flavors, improved nutrient content, and a reduced ecological footprint. Healthy
soils are essential for robust plant growth and flavor development.
Mycorrhizae improve soil structure,
water retention, and microbial diversity, fostering the conditions for
flavorful produce. Mycorrhizae-based biofertilizers support the growth of local,
seasonal crops that are often celebrated for their superior flavor profiles. Furthermore,
crops grown using mycorrhizae based biofertilizers have been found to contain
higher levels of antioxidants. These compounds play a significant role in the
color, flavor, and aroma of fruits and vegetables. Increased antioxidant
content is directly linked to improved taste, making organic produce a more
flavorful choice. Also, farmers tend to allow crops to ripen on the plant for a
longer time, as they are not bound by the same rigid harvesting schedules that
conventional agriculture often adheres to. This extended ripening period allows
the produce to develop its full flavor potential, resulting in more satisfying
taste experiences, The large number of benefits of mycorrhizae based
biofertilizers is anticipated to drive the demand of United States Mycorrhizae
Based Biofertilizers Market in the forecast period.
Rising Exploration and Invention
In the quest for sustainable
agricultural practices that balance productivity, environmental health, and
resource efficiency, mycorrhizae-based biofertilizers have emerged as a beacon
of innovation. These biofertilizers harness the power of beneficial mycorrhizal
fungi to enhance nutrient uptake, improve soil structure, and foster plant
resilience. As research in this field gains momentum, scientists and
agricultural experts are uncovering new dimensions of their potential,
revolutionizing the way we cultivate crops and care for our planet. Researchers
are delving into the vast diversity of mycorrhizal fungi, identifying strains
that form robust partnerships with various plant species. This understanding is
crucial for optimizing plant-fungi interactions. Investigations are also
underway to explore how mycorrhizae enhance plant resilience to environmental
stressors such as drought, salinity, and disease, crucial in the face of
changing climate patterns. Along with this, researchers are unraveling the
intricate pathways through which mycorrhizae contribute to nutrient cycling,
soil enrichment, and improved nutrient availability for plants. Moreover,
advances in genetic and molecular studies are shedding light on the genetic
components of mycorrhizal associations, facilitating the development of more
effective biofertilizer formulations. Researchers are also focused on extending
the shelf life of mycorrhizae-based biofertilizers, ensuring that these
products remain viable and effective from production to application.
Additionally, researchers are designing
custom blends of mycorrhizal fungi to suit specific crops, soils, and
environmental conditions, ensuring optimal results. Innovative methods for
delivering mycorrhizal inoculants, such as seed coatings and root dips, are
enhancing the ease of application for farmers. Along with this,
biotechnological interventions, including genetic modification and microbial
consortia, are being explored to amplify the benefits of mycorrhizae. For
example, advances in DNA sequencing and microbiome analysis shed light on the
intricate interactions between mycorrhizae, plants, and the soil microbiome,
revealing potential avenues for optimization. Thus, these factors dominate the
growth of United States Mycorrhizae Based Biofertilizers Market in the forecast
period.
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Key Market Challenges
Lack of Knowledge
of Organic Farming
Organic farming
is often misunderstood as being solely about avoiding synthetic pesticides and
fertilizers. While these are key components, organic farming encompasses a
broader range of practices that focus on soil health, biodiversity, and
sustainable management. Despite decades of research, many farmers and
agricultural professionals remain unaware of the of mycorrhizae based
biofertilizers. This lack of understanding hampers their adoption and
integration into mainstream agricultural practices. Furthermore, agricultural
extension services, which play a crucial role in disseminating information to
farmers, often lack comprehensive guidance on mycorrhizae based biofertilizers,
resulting in the knowledge gap and slows down the adoption process. Insufficient
investment in research limit's ability to uncover the full range of benefits
and potential drawbacks.
Regulated Shelf
Life of Mycorrhizae Based Biofertilizers
Mycorrhizal fungi
are living organisms that require specific conditions to remain viable.
Exposure to unfavorable conditions such as temperature extremes, moisture
fluctuations, or UV radiation can diminish their viability over time rendering
the biofertilizer less effective when applied to the soil. Additionally, the
limited shelf life of mycorrhizae based biofertilizers also lead to reduced
efficacy upon application, wasting both the product and the potential benefits
for plants and soil. Thus, farmers and growers may find it challenging to
ensure if the biofertilizers they buy contain live fungi, especially if the
products have been stored for a long time. Furthermore, mycorrhizal spores may
face competition from other microorganisms present in the product, affecting
their ability to establish symbiotic associations with plant roots, which might
hamper the growth of United States Mycorrhizae Based Biofertilizers market in
the projected period.
Key Market Trends
Commercialization
and Product Innovation
Mycorrhizae-based
products have gained significant attention in recent years due to their
potential to enhance plant growth, improve soil health, and promote sustainable
agricultural practices. The commercialization of mycorrhizae-based products
involves the development, production, and distribution of formulations that
contain beneficial mycorrhizal fungi. These products are designed to be easily
applied to soils, planting media, or directly to plant roots. This not only supports the growth of various
crops but also enhances soil health and nutrient cycling, creating a conducive
environment for diversified agriculture. Furthermore, Innovations in
application methods include seed coatings, drip irrigation formulations, and
foliar sprays that introduce mycorrhizae to plants at various stages of growth.
Moreover, the emphasis on sustainable and regenerative agriculture has led to
the integration of mycorrhizal products into practices that prioritize soil
health and reduce chemical inputs. In addition, mycorrhizae-based products are
often used in conjunction with other agricultural inputs, such as organic
fertilizers, biopesticides, and biostimulants. Innovations focus on creating
compatible formulations that work synergistically with these inputs.
Increasing
Adoption of Integrated Agriculture
Integrated
agriculture involves the strategic integration of multiple practices, including
crop rotation, cover cropping, reduced tillage, organic farming, agroforestry,
and more. The goal is to create a resilient and balanced farming system that
maximizes productivity while minimizing negative environmental impacts.
Integrated agriculture emphasizes the importance of preserving soil health,
enhancing biodiversity, and reducing the reliance on chemical inputs. In
addition, integrated agriculture, also known as integrated farming or
integrated crop management, is a holistic approach to agriculture that combines
various practices to optimize yields, promote sustainability, and enhance
overall farm productivity. One of the key components gaining traction within
integrated agriculture is the use of mycorrhizae-based products. These
products, derived from beneficial fungi that form symbiotic relationships with
plant roots, offer a range of benefits that align well with the principles of
integrated agriculture. Moreover, mycorrhizal associations can help plants
tolerate environmental stresses such as drought and heat, contributing to the
resilience of integrated farming systems. Integrated agriculture seeks to
restore and regenerate soil health. Mycorrhizal fungi contribute to soil carbon
sequestration, organic matter decomposition, and overall soil vitality. Along
with this, mycorrhizae enhance the plant's immune response, making them more
resistant to soil-borne pathogens. This aligns with integrated pest management
strategies that focus on minimizing chemical pesticide use.
Segmental Insights
Type Insights
Based on the type, the
endomycorrhizae segment is expected to register the highest growth of 7.50%
during the forecast period 2024-2028, on account of the potential to
revolutionize modern agriculture. This growth can be attributed as
endo-mycorrhizae helps plants absorb water more efficiently, reducing water
stress, and increasing drought tolerance, leading to its increasing
acceptability among the farmers. Additionally, endomycorrhizae forming
intricate structures called arbuscules that enable efficient nutrient exchange
between the fungus and the plant, promoting mutual growth benefits which leads
to the growth of United States Mycorrhizae Based Biofertilizers Market during
the forecast period.
Form Insights
Based on the mode of application, the soil
treatment segment is expected to register the highest growth of 7.60% during
the forecast period, 2024-2028. This can be ascribed due to their ease of
application. Soil treatment methods are relatively simple and compatible with
existing agricultural practices, making it accessible to a wide range of
farmer. Moreover, biofertilizer containing mycorrhizal spores and mycelium is
applied to the soil in various ways, such as mixing it with the soil during
planting, screening it over the soil surface, or injecting it into the root
zone using irrigation systems result in the growth of plants that boost the
growth of United States Mycorrhizae Based Biofertilizers Market during the
projected period.
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Regional Insights
Midwest
United States Mycorrhizae Based Biofertilizers Market will witness fastest
growth during the forecast period, 2024-2028. This is because Midwest is often
associated with conventional agriculture, and there has been a growing interest
in sustainable and regenerative farming practices. States like Illinois and
Wisconsin have been exploring the benefits of mycorrhizae for improving soil
health, contributing to the expansion of the United States Mycorrhizae Based Biofertilizers
Market.
Recent Developments
- In September 2022, Corteva
Agriscience acquired Symborg Inc., which will strengthen Symborg's global
presence with a strong distribution network of Corteva Agriscience.
- 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 which increased
laboratory capacity for in vitro research related to arbuscular mycorrhizal
fungi.
- In June 2022, Valent BioSciences
LLC announced that it approved a major expansion of its biorational
manufacturing facility in Osage, Iowa which meet increasing demand for its
biorational products and the introduction of new products requiring more capacity.
- In May 2022, United States based
bio fertilizer company Anuvia Plant Nutrients announced its plans to invest USD
65.5 million in expanding its presence and production capacity in the region.
- In March 2021, Symborg
started a new hydrolysis plant for the manufacturing of sustainable products
for agriculture, such as biofertilizer (mycorrhiza-based) solutions that are
imported to the United States market.
- In September 2018, Plant
Health Care, Inc. and Coplacana are announced the launch of H2Copla for the
sugarcane market.
Key Market Players
- Plant HealthCare plc
- Valent BioSciences LLC
- Symborg, Inc. (A Corteva
Agriscience Business)
- Helena Agri-Enterprises, LLC
- Tainio Biologicals, Inc.
- Suståne Natural Fertilizer,
Inc.
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By Type
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By Form
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By Mode of Application
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By Application
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By Region
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- Endomycorrhizae
- Ectomycorrhizae
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- Soil Treatment
- Seed Treatment
- Fertilization Treatment
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- Agricultural
- Non-agricultural
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- Northeast
- Midwest
- West
- South
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Report Scope:
In this report, the global mycorrhizae based biofertilizers
market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- United States Mycorrhizae
Based Biofertilizers Market, By Type:
o Endomycorrhizae
o Ectomycorrhizae
- United States Mycorrhizae
Based Biofertilizers Market, By Form:
o Liquid
o Solid
- United States Mycorrhizae
Based Biofertilizers Market, By Mode of Application:
o Soil Treatment
o Seed Treatment
o Fertilization Treatment
- United States Mycorrhizae
Based Biofertilizers Market, By Application:
o Agricultural
o Non-agricultural
- United States Mycorrhizae
Based Biofertilizers Market, By Region:
o Northeast
o South
o Midwest
o West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the United States Mycorrhizae Based Biofertilizers Market.
Available Customizations:
The United States Mycorrhizae Based Biofertilizers Market
report with the given market data, Tech Sci 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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