The Middle East and Africa pesticide intermediates market is expected to reach USD 111.61 billion in 2024 and reach USD 152.20 billion by 2029, estimated to be growing at a CAGR of 6.40% from 2024 to 2029.
Pesticides are substances that are meant to control weeds or pests. Most pesticides are intended to serve as plant protection products, which, in general, protect plants from fungi, weeds, or insects. Pesticide intermediates are used to produce these pesticides.
Pesticide intermediates are also used in manufacturing agricultural and other industrial products. These are used in the production of active ingredients or during the production of pesticide products. They are raw materials used for the manufacture of technical-grade active ingredients by purification or chemical reactions. It can be obtained from other sources and can also be manufactured on an identical site as that of the final pesticide product. Environmental Protection Agency requires information regarding any toxic qualities of pesticides that may be harmful, and these pesticides are tested thoroughly for effectiveness. These intermediate substances are also regulated by the toxic substances control act.
Pesticide intermediates are vital substances used for the production of active ingredients used in the formulation of pesticides. Hence, extensive demand for agricultural products is driving the Middle East and Africa pesticide intermediate market. Also, the increase in the Middle Eastern and African populations and hence, the food demand is boosting the market growth. However, stringent regulations which are associated with the production and usage of pesticide intermediate constrain the market growth during the forecast period. Moreover, manufacturers of pesticide intermediate products give a lot of importance to the production of organic products to ensure their friendliness with humans, crops, and the environment.
This research report on the Middle East & Africa intermediates market is segmented and sub-segmented into the following categories.
Middle East and Africa Pesticide Intermediates Market – By Product Type:
Middle East and Africa Pesticide Intermediates Market – By Application:
Middle East and Africa Pesticide Intermediates Market – By Country:
The market in this region can be geographically divided into regions in the Middle East and Africa. Factors such as rising populations and rising incidence of environmental pollution are expected to propel the market growth in the region.
KEY MARKET PLAYERS:
Some of the major players in the market are Syngenta AG, Bayer, Dow AgroSciences, Monsanto Company, BASF SE, E. I. du Pont de Nemours and Company, ADAMA Agricultural Solutions Ltd., Nufarm Ltd., FMC Corporation, Lanxess.
Frequently Asked Questions
Key drivers include the expanding pharmaceutical and agrochemical sectors, the rising demand for petrochemical derivatives, increased construction activities, and governmental initiatives to diversify economies away from oil dependence, particularly in the Gulf Cooperation Council (GCC) countries.
The pandemic initially caused disruptions in supply chains and a slowdown in industrial activity. However, the market has shown resilience with a rebound in demand, particularly in healthcare-related intermediates and e-commerce boosting packaging needs.
Challenges include logistical and supply chain disruptions, regulatory hurdles, political instability in certain areas, and the global economic climate affecting demand.
The pharmaceuticals, construction, agriculture, and automotive sectors are among the largest consumers, driven by both domestic demand and export opportunities.
There are significant opportunities, especially for countries with developed petrochemical and pharmaceutical industries. Exporting to Asian and European markets is particularly promising due to quality production and competitive pricing.
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