Europe Mycorrhizae-Based Biofertilizers Market – The growing demand for natural and organic farming, along with the rising need for soil treatment, are the key factors driving the Market during the forecast period of 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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