United States Mycorrhizae Based Biofertilizers Market to Grow with a CAGR of 7.33% through 2028
Growing demand for natural
& organic food is the major driver of the United States Mycorrhizae Based Biofertilizers
Market.
According to TechSci Research
report, “United States Mycorrhizae Based Biofertilizers
Market- By Region, Competition, Forecast and Opportunities, 2018-2028”, United States Mycorrhizae Based
Biofertilizers Market Size is anticipated to increase at a substantial rate in
the forecast period. A
significant factor fueling the growth of United States Mycorrhizae Based
Biofertilizers Market is the rising demand for organic & natural food. Mycorrhiza
based biofertilizers contain vesicular arbuscular mycorrhizal fungi that
establishes a symbiotic relationship with the plant root system. It increases
the root surface area of the plants, which in turn enhances the nutrient uptake
of the plants.
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. By promoting
nutrient cycling and improving soil structure, mycorrhizae contribute to
long-term soil health and fertility. This sustainable approach reduces the need
for chemical inputs, benefiting both the environment and the farmer's bottom
line. Moreover, the use of mycorrhizae-based biofertilizers reduces the
leaching of nutrients into water bodies, minimizing water pollution Moreover, Mycorrhizae
Based Biofertilizers enhance plant resilience can decrease the need for
pesticides and other chemical treatments. Along with this, mycorrhizal fungi
have been associated with increased carbon sequestration in soils, contributing
to efforts to mitigate climate change which propels the growth of United States
Mycorrhizae Based Biofertilizers Market in the forecast period.
Furthermore, the market is
being further stimulated by rising demand for sustainable food and flavors,
rising research and innovation regarding mycorrhizae based biofertilizers, and
growing need for soil improvement.
However, the lack of
understanding of organic farming hampers the adoption and integration of mycorrhizae
based biofertilizers into mainstream agricultural practices slows down the
growth of United States Mycorrhizae Based Biofertilizers Market. Also, the regulated
shell life of these biofertilizers and high cost of mycorrhizae based biofertilizers due to several factors such as the
identification and selection of effective mycorrhizal strains further
slowdown the United States Mycorrhizae Based Biofertilizers Market growth.
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United States Mycorrhizae
Based Biofertilizers Market is segmented based on
type, form, mode of application, application, and region.
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 79.43% in 2023.
Endomycorrhizae, an arbuscular mycorrhiza (AM), is characterized by fungal
hyphae that penetrate the root cells of plants, forming intricate structures
called arbuscules and these structures enable efficient nutrient exchange
between the fungus and the plant.
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 59.39% in 2023. This is due to
increasing focus on the liquid fertilizers as these fertilizers are easily
dissolved in water and absorbed by the pores of soil.
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 41.37% in 2023. This is due to their ease of application
as soil treatment methods are relatively simple and compatible with existing
agricultural practices, making it accessible to a wide range of farmer.
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 85.76% in 2023. This is due to large utilization bio-based fertilizers in
agricultural purposes which increase the crop yield and make soil healthy by
providing proper protection against different harmful effects.
Major companies operating in
the United States Mycorrhizae Based Biofertilizers Market are:
- 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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“United
States Mycorrhizae Based Biofertilizers Market has seen significant growth in
recent years, driven by the increasing use of mycorrhizae based biofertilizers in
the agriculture sector as these biofertilizers improved the nutrient up taking
efficiency, as well as reduce the impact of diseases in the plant and help in
increasing the utilization of water for growth of plants. Moreover, large
number of research & development activities and various sustainability
initiatives by the government including the development and promotion of
mycorrhizae based biofertilizers can create huge prospects of market growth
during the forecast period” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
United
States 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 Region and Competition, Forecast &
Opportunities, 2018-2028F, has evaluated the future
growth potential of United States 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 United States Mycorrhizae Based Biofertilizers
Market.”
Contact
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