Middle East And Africa Agrochemicals Market Research Report – Segmented By Type, Application and Country (KSA, UAE, Israel, South Africa, And Ethiopia, Kenya, Egypt, Sudan, Rest of GCC Countries, and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact And Growth Forecast From 2024 to 2029

Published: January, 2024
ID: 916
Pages: 145

Middle East and Africa Agrochemicals Market SIze (2023 to 2028)

The Middle East and Africa agrochemicals market is estimated to be worth USD 19.48 billion in 2023 and USD 22.41 billion by 2028, growing at a CAGR of 2.84% during the forecast period 2023 to 2028.

The agrochemicals market is deemed to be one of the most essential segments of agro-inputs, owing to the increasing commercial farming of high-value crops to meet the growing diversified food demand. Agrochemicals are therefore seen as those products that boost the return on investment and also help meet farmers' and customers' demands from the economic and health standpoint with growing per hectare production of quality agricultural crops.

The growth of the Middle East and Africa agrochemicals market is majorly driven by factors such as rising population, a wide range of pest control applications of agrochemicals, and decreasing arable land.

However, safer substitutes such as bio-farming and organic pesticides and the volatile nature of economies in this region are the major restraining factors for the market in this region. Furthermore, agrochemicals get amassed on the land surface and may even pollute groundwater.

This research report on the Middle East and Africa agrochemicals market has been segmented and sub-segmented into the following categories:

Middle East and Africa Agrochemicals Market – By Type:

  • Fertilizers
    • Nitrogenous
    • Phosphate
    • Potassic
  • Pesticides
    • Organophosphates
    • Pyrethroids
    • Biopesticides
  • Plant Growth Regulators
    • Auxins
    • Cytokinins
  • Adjuvants
    • Activator Adjuvants
    • Utility Adjuvants

Nitrogenous fertilizers lead the agrochemicals market on the basis of type. However, the demand for pesticides is increasing at a high rate, given the growing frequency of numerous pests and diseases. Currently, the pesticide market is being spearheaded by herbicide products, trailed by fungicides and insecticides.

Middle East and Africa Agrochemicals Market – By Application:

  • Crop Based
    • Oilseeds
    • Fruits & Vegetables
    • Grains & Cereals
  • Non-Crop Based
    • Turf & Ornamental Grass
    • Others

By application, grains & cereals lead the market for agrochemicals and this trend is anticipated to remain during the forecast period.

Middle East and Africa Agrochemicals Market - By Country:

  • KSA
  • UAE
  • Israel
  • rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • rest of MEA

The market has been geographically segmented into the Middle East and Africa. The Middle East and Africa region is one of the fastest-growing markets for agrochemicals and is projected to grow substantially during the forecast period due to the growing disposable income levels and rising food security in this region.

KEY MARKET PLAYERS:

The market for agrochemicals is extremely consolidated and streamlined owing to the domination of the market by a handful of companies. Some of the major companies dominating this market are Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.

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Frequently Asked Questions

what is the current market size of the Middle East and Africa agrochemicals market?

The Middle East and Africa agrochemicals market is worth USD 19.48 billion in 2023

what is the expected growth value and expected CAGR of Middle East and Africa agrochemicals market?

The Middle East and Africa agrochemicals market is expected to reach a valuation of USD 22.41 billion growing at a CAGR of 2.84%, during the forecast period 2023 to 2028.

what are the driving factors in Middle East and Africa agrochemicals market?

The growth of the Middle East and Africa agrochemicals market is majorly driven by factors such as rising population, a wide range of pest control applications of agrochemicals, and decreasing arable land.

In segment method which is the dominating segment in Middle East and Africa agrochemicals market?

By application, grains & cereals lead the market for agrochemicals and this trend is anticipated to remain during the forecast period.

who are the market key players involved in the Middle East and Africa agrochemicals market?

are Bayer Crop Science., Dow-DuPont, Syngenta AG, BASF SE, Agrium Inc., Monsanto Company, Israel Chemicals Ltd., Yara International ASA, Mosaic Company and Sociedad Química Y Minera S.A.

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