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Middle East And Africa Agrochemicals Market

Middle East And Africa Agrochemicals Market

Middle East and Africa Agrochemicals Market, By Type (Fertilizers, Pesticides, Adjuvants, Plant Growth Regulators); By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Egypt, Algeria, Rest of Middle East & Africa), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: November 2024
  • Report ID: BWC24865
  • Available Format: PDF
  • Page: 265

Report Overview

Rising population and a growing demand for agricultural products along with favorable government initiatives to boost agriculture sector are expected to boost the growth of Middle East and Africa Agrochemicals Market during the forecast period between 2024 and 2030.

Middle East and Africa Agrochemicals Market - Industry Trends & Forecast Report, 2030

Middle East and Africa Agrochemicals Market size was estimated to be worth USD 9.22 billion in 2023. During the forecast period between 2024 and 2030, Middle East and Africa Agrochemicals Market size is projected to grow at a CAGR of 5.40%, reaching a value of USD 13.32 billion by 2030. Major growth factors for Middle East and Africa Agrochemicals Market include growing demand for agricultural produce because of increasing population and rising focus on boosting crop yield and maintaining quality. In addition, the governments of these countries are taking various measures to ensure food security due to harsh climatic conditions and limited arable land, which is anticipated to drive Middle East and Africa Agrochemicals Market during the forecast period in analysis.

Middle East and Africa Agrochemicals Market

Agrochemicals – Overview

Agrochemicals, also known as agrichemicals, are chemical products used in agriculture to enhance crop productivity and protect plants from pests and diseases. They include pesticides (insecticides, herbicides, fungicides), synthetic fertilizers, and plant growth regulators. These chemicals play a crucial role in modern farming by improving crop yields and ensuring food security. However, their excessive use can lead to environmental contamination and health risks, necessitating careful management and regulation.

Middle East and Africa Agrochemicals Market

Growth Drivers

Increasing Focus towards Food Security

The growing demand for food in the Middle East and Africa is a major driver of the Agrochemicals Market. Growing population across the expanding urban areas and changes in dietary preferences are increasing the need for higher agricultural productivity. These regions are also facing challenges such as arid climates, limited water resources, and soil degradation. Agrochemicals, including fertilizers, pesticides, and herbicides, are critical to improving crop yields and ensuring food security. Farmers are increasingly adopting modern agrochemical solutions to boost production, prevent crop diseases, and enhance resistance to pests.

Challenges

Negative Impact on Environment

The overuse of synthetic fertilizers and pesticides has significant environmental implications, such as soil degradation, water contamination, and adverse health effects. With rising focus towards sustainability and increasing pressure to meet stringent environmental and regulatory standards, the demand and use of agrochemicals may decline in Middle East and African countries. The farmers may shift towards bio-based and organic growth stimulants, such as biopesticides, and adopt sustainable agriculture practices, such as crop rotation, for better crop yield and lower the environmental impact of chemicals. These factors may hinder the growth of Middle East and Africa Agrochemicals Market.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Agrochemicals Market

Intensifying geopolitical tensions among countries and further spreading across the regions present significant challenges for Middle East and Africa Agrochemicals Market. Economic, political, and trade tensions directly lead to supply chain disruption and affect the agricultural productivity of Middle East and African countries. Many agrochemical products, including fertilizers, pesticides, and herbicides, are produced from petrochemicals. However, escalating geopolitical conflicts in major oil-producing nations, such as Libya and Iran, can lead to fluctuations in oil prices, which may affect the availability of raw materials and cause a shortage of agrochemicals in the market. Furthermore, these tensions, such as the Suez Canal conflict also disrupt shipping routes, which may affect cross-border trade, slowing down shipments of fertilizers and other agrochemicals.

Middle East and Africa Agrochemicals Market

Segmental Coverage

Middle East and Africa Agrochemicals Market – By Type

Based on type, Middle East and Africa Agrochemicals Market is segmented into fertilizers, pesticides, adjuvants, and plant growth regulators. The fertilizers segment is further divided into nitrogenous fertilizers, phosphatic fertilizers, and potassic fertilizers. The pesticides segment is also further divided into insecticides, herbicides, fungicides, nematicides, and other pesticide types. The fertilizers segment holds the largest share in Middle East and Africa Agrochemicals Market. Among the fertilizer sub-segments, the nitrogenous fertilizers segment accounts for the highest share as it promotes healthy crop growth through the development of foliage that provides a green color to leaves that helps in photosynthesis.

Middle East and Africa Agrochemicals Market – By Crop Type

Based on crop type, Middle East and Africa Agrochemicals Market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The cereals & grains segment accounts for the highest market share with wheat, barley, and maize being major agricultural products of North and Sub-Saharan Africa. Maize is a staple crop in many African countries, including South Africa, Nigeria, and Kenya. Furthermore, despite having harsh climatic conditions, wheat and barley are also primary crops in many Middle Eastern countries, including Turkey, Iran, and Syria. Therefore, the demand for agrochemicals is prominent in the agriculture of cereals, driving its market growth.

Middle East and Africa Agrochemicals Market Size

Middle East and Africa Agrochemicals Market – By Country

The in-depth research report on Middle East and Africa Agrochemicals Market covers the region’s major countries including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Egypt, Algeria, and rest of Middle East & Africa. South Africa dominates Middle East and Africa Agrochemicals Market. The high usage of agrochemicals in South Africa is mainly attributed to large-scale commercial farming, particularly crops like sugarcane, maize, wine grapes, and citrus. Various agrochemicals, such as fertilizers and pesticides, improve crop yields and protect crops from pests. Furthermore, agrochemicals are extensively used in the agriculture sector of South Africa to ensure the produce meets international quality standards for exports.

Middle East and Africa Agrochemicals Market Demand

Competitive Landscape

Middle East and Africa Agrochemicals Market is highly competitive, as a number of companies are competing to gain a significant market share. Key players in the market include BASF, Syngenta, Dow AgroSciences, Adama Agricultural Solutions, UPL Limited, Bayer Crop Science, FMC Corporation, Nufarm Limited, K+S AG, and Solvay. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Market Coverage

Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Egypt, Algeria, Rest of Middle East and Africa

Product/ Service Segmentation

Type, Crop Type, Country

Key Players

BASF, Syngenta, Dow AgroSciences, Adama Agricultural Solutions, UPL Limited, Bayer Crop Science, FMC Corporation, Nufarm Limited, K+S AG, Solvay

 

By Type

  • Fertilizers

  • Nitrogenous Fertilizers

  1. Urea

  2. Ammonium Nitrate

  3. Ammonium Sulfate

  4. Ammonia

  5. Calcium Ammonium Nitrate

  6. Other Nitrogenous Fertilizers

  • Phosphatic Fertilizers

  1. Diammonium Phosphate

  2. Monoammonium Phosphate

  3. Triple Superphosphate

  4. Other Phosphatic Fertilizers

  • Potassic Fertilizers

  1. Potassium Chloride

  2. Potassium Sulfate

  3. Other Potassic Fertilizers

  • Pesticides

  1. Insecticides

  2. Herbicides

  3. Fungicides

  4. Nematicides

  5. Other Pesticide Types

  • Adjuvants

  • Plant Growth Regulators

By Crop Type

  • Cereals & Grains

  • Oilseeds & Pulses

  • Fruits & Vegetables

  • Others

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Egypt

  • Algeria

  • Rest of Middle East and Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Middle East and Africa Agrochemicals Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Demand for High Crop Productivity
        2. Favorable Government Policies and Subsidies
      2. Restraints
        1. Negative Impact of Chemicals on Environment
        2. High Cost of Liquid Agrochemicals
      3. Opportunities
        1. Rising Prevalence of Plant Diseases
        2. Increasing Demand for Agricultural Produce
      4. Challenges
        1. Rising Cost of Raw Materials
        2. Shift towards Sustainable Alternatives
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia Pacific Metal Agrochemicals Market: Marketing Strategies
  5. Middle East and Africa Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
        1. Fertilizers
          1. Nitrogenous Fertilizers
            1. Urea
            2. Ammonium Nitrate
            3. Ammonium Sulfate
            4. Ammonia
            5. Calcium Ammonium Nitrate
            6. Other Nitrogenous Fertilizers
          2. Phosphatic Fertilizers
            1. Diammonium Phosphate
            2. Monoammonium Phosphate
            3. Triple Superphosphate
            4. Other Phosphatic Fertilizers
          3. Potassic Fertilizers
            1. Potassium Chloride
            2. Potassium Sulfate
            3. Other Potassic Fertilizers
        2. Pesticides
          1. Insecticides
          2. Herbicides
          3. Fungicides
          4. Nematicides
          5. Other Pesticide Types
        3. Adjuvants
        4. Plant Growth Regulators
      2. By Crop Type
        1. Cereals & Grains
        2. Oilseeds & Pulses
        3. Fruits & Vegetables
        4. Others
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Egypt
        8. Algeria
        9. Israel
        10. Rest of Middle East and Africa
  6. Saudi Arabia Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  7. UAE Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  8. Qatar Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  9. Kuwait Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  10. South Africa Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  11. Nigeria Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  12. Egypt Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  13. Algeria Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  14. Israel Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  15. Rest of APAC Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Crop Type
  16. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Agrochemicals Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  17. Impact of Escalating Geopolitical Tensions on Middle East and Africa Agrochemicals Market
  18. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. BASF
    2. Syngenta
    3. Dow AgroSciences
    4. Adama Agricultural Solutions
    5. UPL Limited
    6. Bayer Crop Science
    7. FMC Corporation
    8. Nufarm Limited
    9. K+S AG
    10. Solvay
    11. Other Prominent Players
  19. Key Strategic Recommendations
  20. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5. Assumption & Limitation

 

* Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1       Middle East and Africa Agrochemicals Market Segmentation

Figure 2       Middle East and Africa Agrochemicals Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Middle East and Africa Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 5       Middle East and Africa Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 6       Middle East and Africa Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 7       Middle East and Africa Agrochemicals Market Share, By Country, By Value (USD Billion), 2019–2030

Figure 8       Saudi Arabia Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 9       Saudi Arabia Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 10     Saudi Arabia Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 11     UAE Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 12     UAE Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 13     UAE Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 14     Qatar Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 15     Qatar Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 16     Qatar Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 17     Kuwait Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 18     Kuwait Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 19     Kuwait Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 20     South Africa Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 21     South Africa Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 22     South Africa Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 23     Nigeria Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 24     Nigeria Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 25     Nigeria Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 26     Egypt Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 27     Egypt Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 28     Egypt Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 29     Algeria Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 30     Algeria Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 31     Algeria Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 32     Israel Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 33     Israel Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 34     Israel Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 35     Rest of Middle East and Africa Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 36     Rest of Middle East and Africa Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 37     Rest of Middle East and Africa Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

 

List of Tables

 

Table 1      Middle East and Africa Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 2      Middle East and Africa Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 3      Middle East and Africa Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 4      Middle East and Africa Agrochemicals Market Share, By Country, By Value (USD Billion), 2019–2030

Table 5      Saudi Arabia Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 6      Saudi Arabia Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 7      Saudi Arabia Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 8      UAE Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 9      UAE Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 10    UAE Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 11    Qatar Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 12    Qatar Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 13    Qatar Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 14    Kuwait Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 15    Kuwait Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 16    Kuwait Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 17    South Africa Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 18    South Africa Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 19    South Africa Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 20    Nigeria Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 21    Nigeria Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 22    Nigeria Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 23    Egypt Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 24    Egypt Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 25    Egypt Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 26    Algeria Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 27    Algeria Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 28    Algeria Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 29    Israel Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 30    Israel Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 31    Israel Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 32    Rest of Middle East and Africa Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 33    Rest of Middle East and Africa Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 34    Rest of Middle East and Africa Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 35    BASF Company Overview

Table 36    BASF Financial Overview

Table 37    Syngenta Company Overview

Table 38    Syngenta Financial Overview

Table 39    Dow AgroSciences Company Overview

Table 40    Dow AgroSciences Financial Overview

Table 41    Adama Agricultural Solutions Company Overview

Table 42    Adama Agricultural Solutions Financial Overview

Table 43    UPL Limited Company Overview

Table 44    UPL Limited Financial Overview

Table 45    Bayer Crop Science Company Overview

Table 46    Bayer Crop Science Financial Overview

Table 47    FMC Corporation Company Overview

Table 48    FMC Corporation Financial Overview

Table 49    Nufarm Limited Company Overview

Table 50    Nufarm Limited Financial Overview

Table 51    K+S AG Company Overview

Table 52    K+S AG Financial Overview

Table 53    Solvay Company Overview

Table 54    Solvay Financial Overview

 

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Middle East and Africa Agrochemicals Market size was estimated at USD 9.22 billion in 2023.
Ans: During the forecast period between 2024 and 2030, Middle East and Africa Agrochemicals market size is expected to grow at a CAGR of 5.40% a value of USD 13.32 billion by 2030.
Ans: Major factors driving the growth of Middle East and Africa Agrochemicals Market include rising population and growing demand for agricultural products along with favorable government initiatives to boost agriculture sector.
Ans: South Africa is expected to grow at the fastest rate in Middle East and Africa Agrochemicals Market during the forecast period between 2024 and 2030.
Ans: The cereals & grains segment holds the largest market share of Middle East and Africa Agrochemicals Market by crop type.
Ans: Key players in Middle East and Africa Agrochemicals Market include BASF, Syngenta, Dow AgroSciences, Adama Agricultural Solutions, UPL Limited, Bayer Crop Science, FMC Corporation, Nufarm Limited, K+S AG, and Solvay.