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 with 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.
In this market,
ectomycorrhizae and endomycorrhizae are the major segments of mycorrhizae-based
biofertilizers market by type.
Lucintel forecast that
ectomycorrhizae is expected to witness highest growth over the forecast period.
Within this market,
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.
North America is
expected to witness 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 Canada.
Novozymes, UPL, Premier
Tech, Groundwork, Plant Health Care, Valent Biosciences, Vegalab, Agrinos,
Agrilife and Sustane Natural Fertilizer are the major suppliers in the
mycorrhizae-based biofertilizers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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