In 2022, the global mycorrhiza-based organic fertilizer market size reached $468.51 million. In the future, it will grow at an average annual rate of 14.7% and will reach $1.846 billion by 2032, predicts Polaris Market Research.
Organic fertilizers based on mycorrhiza allow the formation of a symbiotic relationship between fungi and plant roots, which contributes to a significant increase in the rhizosphere and helps crops more easily absorb nutrients from the soil. Increasing demand for organic food stimulates the development of their global market.
The use of such organic fertilizers can increase crop yields, reduce the use of agrochemicals and reduce the negative impact on the environment, as well as increase the stress resistance of plants.
The policy of many countries aimed at the development of organic farming also contributes to the growth of the market. For example, the governments of China, India, Brazil and Indonesia encourage the use of organic fertilizers based on mycorrhiza.
Asia is predicted to take the largest market share in the organic fertilizer market in the long term, as, in addition to government initiatives, consumers prefer organic food. North America will also take a significant share of the global market due to the stimulation of the
Souce : Kirill Shakin