According to a market report by Lucintel, the future of the global mycorrhizae-based biofertilizers market looks promising with opportunities in the agriculture, oilseeds & pulses, and non-agriculture markets. The global mycorrhizae-based biofertilizers market is expected to reach an estimated $1.6 billion by 2030 from $0.7 billion in 2024,at a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are shift in demand for natural and sustainable flavors, surge in demand for organic food, and detrimental impacts of synthetic fertilizers on environment.A more than 150-page report to understand trends, opportunity and forecast in mycorrhizae-based biofertilizers market to 2030 by form (solid and liquid), type (ectomycorrhizae and endomycorrhizae), application (agriculture, oilseeds & pulses, and non-agriculture), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that ectomycorrhizae is expected to witness the highest growth over the forecast period.
Within the application, agriculture will remain the largest segment due to increased production of a variety of food items, such as fruits, vegetables, cereals and grains, and many others, in order to generate healthier products.
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In terms of regions, North America is expected to witness the highest growth over the forecast period due to greater government involvement in organic farming methods and early acceptance of cutting-edge and novel products in the US and copyright.
Novozymes, UPL, Premier Tech, Groundwork, Plant Health Care, ValentBioSciences, Vegalab, Agrinos, AgriLife, Sustane Natural Fertilizer are the major suppliers in the mycorrhizae-based biofertilizers market.
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Lucintel
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Email: [email protected]
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