Middle East and Africa Agrochemicals Market size was estimated at USD 17.2 Bn in 2021, growing at a CAGR of 2.1% during the forecast period 2022-2028. Agrochemicals are enhances the crop productivity and protect the crops from insects, pests, fungi, weeds, and others. Agrochemicals can be prepared by either chemical or biological methods. Increase in the agricultural produce due to rise in population, entry of companies into Middle East and Africa region, rise in awareness about the agrochemicals usage, and environmental fluctuations leads to increase in prevalence of crop diseases are expected to propel the Middle East and Africa agrochemicals market over the forecast period. However, stringent regulatory guidelines for the product approval, availability of alternate products, and toxicity of agrochemicals may restrain the growth of the market. This is segmented based on product type, technology, crop type, formulation, application, and country. This Market is segmented into Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa. Gulf Cooperation Council (GCC) Countries agrochemicals market is driven by increase in the agriculture productions, unfavorable environmental conditions, and government support for the agriculture production are propel the market. South Africa agrochemicals market has prominent share, which is attribute to rise in awareness about crop diseases, increase in the adoption of newer agrochemicals, and rise in agricultural production are bolster the market. This market research report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.
Fastest Growing Market
Agrochemicals enhances the crop productivity and protect the crops from insects, pests, fungi, weeds, and others. Agrochemicals can be prepared by either chemical or biological methods. Increase in the demand for food production due to rise in population, rise in prevalence of various crop diseases, growing R&D for the innovation of newer agrochemicals, and government initiations to enhance the crop yield are expected to fuel the agrochemicals market over the forecast period. Moreover, technological advancements in the synthesis of agrochemicals, change in farming practices, and rise in R&D investments are also anticipated to drive the agrochemicals market. However, stringent regulatory guidelines for product approval, adverse effects associated with agrochemicals, and high cost of products may restrain the growth of agrochemicals market
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.