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Mycorrhizae-based Biofertilizers Market worth $1,087 million by 2027 – Exclusive Report by MarketsandMarkets™

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The Mycorrhizae-based Biofertilizers Market is projected to grow to USD 1,087 million by 2027, growing at a CAGR of 14.3% during the forecast period according to a new report by MarketsandMarkets™. The growing awareness about climate change, eutrophication, agricultural sustainability, and the resulting shift towards organic farming are encouraging the farmers to adopt environmentally safe agricultural practices such as the application of Mycorrhizae-based biofertilizers. Mycorrhizae-based biofertilizers can ensure the preservation of soil health by reducing soil erosion, enhancing nutrient solubility, increasing crop yield and preventing eutrophication.

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The fruits & vegetables segment is the fastest growing among the agricultural application of mycorrhizae-based biofertilizers during the forecast period

Fruits & vegetables ensure a secure supply of food and nourishment. Producing vegetables is a crucial part of farm diversification methods and aids in reducing rural unemployment and poverty in developing nations. With respect to human health, they are the most accessible source of vitamins and minerals. RhyzoMyco is a mycorrhizae-based biofertilizer manufactured by Novozymes which enhances the nutrient uptake in tuber crops like potato and cucumber. Promoting the production of fruits & vegetables is a preventive measure which would ensure good health as well as bring about economic, social, and environmental advantages thereby prompting the increased usage of Mycorrhizae-based biofertilizers.

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Asia Pacific region is witnessing the highest growth rate in the mycorrhizae-based biofertilizers market

Countries such as ChinaIndiaAustralia & New Zealand, and Japan are projected to be the potential markets for mycorrhizal biofertilizers during the forecast period due to advancements in agricultural technology. Agriculture in Asia is essential to the continent’s economic development. Governments across the continent are introducing various schemes to encourage the use of biofertilizers in agriculture. Through state governments, such as the government of the state of Bihar, the Indian central government has been promoting the use of biofertilizers rather than chemical fertilizers. These initiatives include the Paramparagat Krishi Vikas Yojana (PKVY), Mission Organic Value Chain Development for Northeastern Region (MOVCDNER)), and National Food Security Mission (NFSM). A 2020 scientific paper titled “Assessment of biofertilizer use for sustainable agriculture in the Great Mekong Region” states that the six agriculturally prosperous Asian countries of the Great Mekong Region namely – ChinaVietnamMyanmarThailand, and Cambodia are striving to encourage the creation and usage of biofertilizers and providing them to farmers at reasonable prices. The growth of the mycorrhizae-based biofertilizers market in Asia Pacific can thus further be influenced by the reduced application of chemical fertilizers, rising disposable income, and progressive urbanization in the region.

The key players in mycorrhizae-based biofertilizers market include Premier Tech (Canada), UPL Ltd. (India), Novozymes A/S (Denmark), Helena Agri Enterprises LLC (US), Groundwork BioAg (Israel), Valent BioSciences (US), and Lallemand (Canada).

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Related Reports:

Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Type (Nitrogen-fixing, Phosphate solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Crop Type, and Region – Global Forecast to 2026

Inoculants Market by Type (Agricultural Inoculants and Silage Inoculants), Microbe (Bacterial and Fungal), Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, and Forage), and Region – Global Forecast to 2025

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NEXCOM Debuts at CommunicAsia 2024

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Bringing Its Edge AI, OT Security, and 5G Solutions to the Center Stage
TAIPEI, May 14, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, is set to participate in CommunicAsia 2024, the premier event for the ICT industry in Asia taking place in Singapore from May 29 to May 31. NEXCOM will showcase its latest Edge AI, OT Security, and 5G solutions at booth 4E3-14, Hall 4.

Discover What NEXCOM Has in Store for CommunicAsia 2024:
Edge AI Leveraging the power of AI at the edge, NEXCOM’s solutions empower organizations to process data closer to its source, reducing latency and enabling real-time insights.
OT Security NEXCOM’s OT Security solutions provide robust protection against cyber threats, ensuring the integrity, availability, and confidentiality of industrial networks and critical assets.
FWA over 5G uCPE From high-speed wireless connectivity to low-latency communication, NEXCOM’s FWA over 5G uCPE solutions offer unprecedented speed, reliability, and capacity.
In today’s interconnected world, the importance of Edge AI, OT Security, and 5G technologies cannot be overstated. Recent advancements in these technologies have compelled industries towards greater efficiency, productivity, and resilience in response to digital challenges, driving innovation and transformative change across various vertical markets.
Throughout the event, NEXCOM’s team of experts will be available to engage and demonstrate the capabilities of its solutions. Don’t miss the opportunity to discover the future of intelligent solutions with NEXCOM at CommunicAsia 2024, Hall 4, booth 4E3-14 from May 29 to May 31.
About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
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IDTechEx Forecasts Durable, Engineered CO2 Removals Will Reach 630 Mt by 2044

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BOSTON, May 13, 2024 /PRNewswire/ — Carbon dioxide removal (CDR) will be needed to reach any international net zero emission targets and avoid global warming beyond 1.5-2°C. Negative emissions technologies (NETs), especially those that go beyond nature-based approaches to provide long-lasting scalable CO2 removals, have therefore been receiving increased support through government policy and voluntary carbon credit purchases from corporations with ambitious climate goals. IDTechEx predicts that by 2044, the world’s capacity for such durable, engineered CO2 removals will exceed 630 megatonnes per annum.

The new IDTechEx report, “Carbon Dioxide Removal (CDR) 2024-2044: Carbon Credit Markets, Technologies, Players, and Forecasts”, provides a comprehensive outlook of the emerging CDR industry and carbon credit markets, with an in-depth analysis of the technological, economic, regulatory, and environmental aspects that are shaping this market. In it, IDTechEx focuses on technologies that actively draw CO₂ from the atmosphere and sequester it into carbon sinks, namely:
Direct air carbon capture and storage (DACCS), which leverages chemical processes to capture CO₂ directly from the air and sequester it in geologic formations or durable products.Biomass with carbon removal and storage (BiCRS), which involves strategies that use biomass to remove CO2 from the atmosphere and store it underground or in long-lived products. It includes approaches such as BECCS (bioenergy with carbon capture and storage), biochar, biomass burial, and bio-oil underground injection.Nature-based CDR methods that leverage biological processes to increase carbon stocks in soils, forests, and other terrestrial ecosystems, i.e., afforestation/reforestation and soil carbon sequestration techniques.Mineralization NETs that enhance natural mineral processes that permanently bind CO₂ from the atmosphere with rocks through enhanced rock weathering, carbonation of mineral wastes, and oxide looping.Ocean-based CDR methods that strengthen the ocean carbon pump through ocean alkalinity enhancement, direct ocean capture, artificial upwelling/downwelling, coastal blue carbon, algae cultivation/marine seaweed sinking, and ocean fertilization.TRL (technology readiness level) chart of carbon dioxide removal technologies covered in the IDTechEx report. Source: IDTechEx
These CDR technologies are at vastly different stages of readiness. Some are nearly ready for large-scale deployment, while others require basic scientific research and further field trials.
Durable, engineered removals versus nature-based CDR solutions
Afforestation/reforestation solutions have historically dominated the supply of CDR due to their low cost and high maturity. However, demand for this type of removal carbon credit has been dropping in voluntary markets over the past few years due to several high-profile scandals and the low durability/permanence associated with nature-based CDR. Instead, corporate buyers have increasingly turned towards highly durable, engineered carbon removal credits generated from approaches such as DACCS and BECCS. These removals offer credible climate action but have a high price tag and are in short supply. Most durable engineered approaches are yet to be included in compliance markets and, therefore, rely on pre-purchases from corporate buyers for early-stage commercial development.
The new IDTechEx report, “Carbon Dioxide Removal (CDR) 2024-2044: Carbon Credit Markets, Technologies, Players, and Forecasts”, provides insights into the most promising technologies being developed in CDR, highlighting the pros and cons of each method, examining key drivers and barriers for growth, and comparing the removal potential, capture cost, and durability of all technologies. Despite capacity currently being limited, there has been much interest in DACCS as a solution to permanently remove CO₂ from the atmosphere and reverse climate change. DACCS is immediate, measurable, allows for permanent storage, can be located practically anywhere, is likely to cause minimal ecosystem impacts, and can achieve large-scale removals.
However, the rate at which DACCS can be scaled up is likely a limiting factor. The challenges of deploying DACCS include the large energy inputs (requiring substantial low-carbon energy resources), the high cost, and the sorbent requirements. The industry is aiming for the ambitious target of gigatonne-scale of DACCS removals by 2050. To make this happen, corporate action, investments, policy shapers, and regulatory guidelines need to come together to bring down the costs.
Although BECCS is currently the most mature and widely deployed durable engineered CDR technology, scale-up has historically been slow, and planned capacity is modest. Despite the technologies behind BECCS being relatively mature, there is a risk that using biomass for CO₂ removal and storage may compete with agricultural land and water or negatively impact biodiversity and conservation. IDTechEx analysis has indicated that BECCS has a large potential to contribute to climate change mitigation, though not at the scale assumed in some models due to economic and environmental risk factors. 
Comprehensive analysis and market forecasts
IDTechEx’s “Carbon Dioxide Removal (CDR) 2024-2044: Carbon Credit Markets, Technologies, Players, and Forecasts” report assesses the CDR carbon credit market in detail, evaluating the different technologies, latest advancements, and potential adoption drivers and barriers. The report also includes a granular forecast until 2044 for the deployment of nine NET categories (DACCS, BECCS, biochar, biomass burial, direct ocean capture, ocean alkalinity enhancement, seaweed sinking, enhanced rock weathering, and carbonation of minerals) alongside exclusive analysis and interview-based company profiles.
Some of the key questions answered in this report:
What are the requirements (energy, land, water, feedstocks, supply chain) for the deployment of CDR methods?What is the climate impact of implementing CDR on a large scale?Which gaps (technological, regulatory, business model) need to be addressed to enable each NET?What is the status of CDR within compliance markets and voluntary carbon credit markets, and what is the market potential?What are the key drivers and hurdles for CDR market growth?How much do CDR solutions cost today and may cost in the future?Who are the key players in the CDR space?What is needed to further develop the CDR sector?To find out more about this report, including downloadable sample pages, please visit www.IDTechEx.com/CDR.
For the full portfolio of energy and decarbonization market research from IDTechEx, please see www.IDTechEx.com/Research/Energy.
Upcoming free-to-attend webinar
Carbon Credit Markets: The Rise of Durable, Engineered, Carbon Dioxide Removal Technologies
Eve Pope, Technology Analyst at IDTechEx and author of this article, will be presenting a free-to-attend webinar on the topic on Wednesday 5 June 2024 – Carbon Credit Markets: The Rise of Durable, Engineered, Carbon Dioxide Removal Technologies.
This webinar will reveal insights into the CDR space, and its content includes:
Importance of carbon dioxide removal in reaching global net-zero emissions targets.Overview of all negative emission technologies (NETs): Direct air carbon capture and storage (DACCS), Biomass with carbon removal and storage (BiCRS), Nature-based CDR methods, Mineralization NETs, and ocean-based CDR approachesContextualization of CDR within carbon markets and how voluntary carbon credits are accelerating NETs in the short-termIdentifying the key factors driving the market pivot from nature-based solutions such as afforestation/reforestation to durable, engineered, CDR approachesDiscussion of environmental, technical, and economic drivers/barriers for DACCS and BECCSPlease click here to check timings and register for your specific time zone.
If you are unable to make the date, please register anyway to receive the links to the on-demand recording (available for a limited time) and webinar slides as soon as they are available.
About IDTechEx:IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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Media Contact:Lucy RogersSales and Marketing [email protected] +44(0)1223 812300
Social Media Links:Twitter: www.twitter.com/IDTechExLinkedIn: www.linkedin.com/company/IDTechEx
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Department of Health – Abu Dhabi Unveils ‘Declaration of Principles’ on Bioconvergence to Enhance Global Healthcare Outcomes

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ABU DHABI, UAE, May 13, 2024 /PRNewswire/ — An an outcome of the Health Leaders Forum (HLF) organised during Abu Dhabi Global Healthcare Week (ADGHW), the Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, unveiled a Declaration of Principles on Bioconvergence, to transform healthcare, improve human health and well-being. As a first-of-its-kind initiative, the Declaration outlines global principles covering guidance on transparency, accountability, and bias mitigation, as well as research ethics and ethical decision-making in the field of Bioconvergence.

Bioconvergence has been recognised as the latest technological trend of the 21st century for the healthcare sector. It is a transdisciplinary field that merges engineering and life sciences, and is set to revolutionise the health-tech industry. Bioconvergence fuses life sciences with a vast number of technologies from fields such as mathematics, engineering, and physical and computational sciences.
The Declaration of Principles will witness leading local and global entities collaborate with DoH including Amazon, Microsoft, UAE University (UAEU), Mohammad Bin Zayed University for AI (MBZUAI), Core 42 and Masdar City. Segmented into six strategic pillars, the principles aim to advance Bioconvergence research and development, encourage investment in the field to address urgent healthcare challenges, establish international cooperation frameworks, prioritise research areas in public health and personalised medicine, and promote the adoption of advanced technologies such as Artificial Intelligence (AI) and nanomedicine.
Dr. Asma Ibrahim Al Mannaei, the Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi (DoH): “In the intricacies of Bioconvergence, establishing fundamental principles is not merely a choice, but a collective responsibility. These principles serve as a beacon of transparency, guardians of accountability and shields against any form of bias. With the ever-evolving intersection of health and technology, integrity and diligence remain guiding threads for the Department of Health – Abu Dhabi. Reinforcing Abu Dhabi’s position as a leading destination for innovation in healthcare, the unique Declaration serves as a testament to the Department’s continued efforts to build a healthier world and shape the future of healthcare for generations to come.”
Moreover, upholding ethical standards and responsible practices involve raising awareness on the benefits and risks of Bioconvergence technologies, establishing ethical guidelines, and ensuring accessibility and affordability for all. Investment in education and workforce development entails supporting skill development, integrating Bioconvergence into relevant curricula, fostering interdisciplinary collaboration, and promoting diversity in the field.
Additionally, fostering collaboration and the exchange of knowledge among stakeholders, advocating for supportive policies and regulations, and engaging the community through awareness campaigns and transparent communication are crucial steps in advancing Bioconvergence research and innovation while maintaining community’s trust and support. These key pillars will support accelerating the future of healthcare and life sciences by making quality health a global priority.
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, Abu Dhabi Global Healthcare Week is a major government initiative taking place between 13 and 15 May 2024. ADGHW seeks to accelerate collaboration, innovation, and investment, and bring together researchers, policymakers, healthcare specialists, investors, and entrepreneurs across the global healthcare and life science ecosystem.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
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