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Middle East & Africa Crop Protection Chemical Market to reach USD 3 Billion by 2026: Actual Market Research
Nov, 10
2021

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Middle East & Africa Crop Protection Chemical Market to reach USD 3 Billion by 2026: Actual Market Research

 

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The recent addition of Actual Market Research, under the title of- Middle East & Africa Crop Protection Chemical Market Outlook, 2026, gives a brief of the market, segmented by product type, by application, and by country. The segmental analyses have been detailed in terms of products, and in terms of application. These segments are analyzed country-wise and the report also covers a detailed discussion about the trends, rules, and regulations across the region.

Even though the region accounted for the lowest market value in the global crop protection chemical market, it registered the highest historic CAGR of 7.39%. This is quite a significant growth in the region, given the predominance of manual hand weeding practices in the region. The demand for crop protection chemicals inclined with the decline in the harvest area in Africa, coupled with the outbreak of pest attacks. By the end of the forecasted period, this regional market is likely to reach a value of USD 3000 Million.

The Middle East countries are one of the early settled agricultural sites, with a diversity of several major legumes and cereals. The region has unequal access to land and the increasing urbanization has led to the degradation of arable land too. In terms of application, the Middle East & Africa region is led by fruits & vegetable cultivation, with more than 40% of the share. Even though the region is home to many exotic fruits and vegetables which are in demand in western countries, the export is hurdled by the pesticides used. The irony of the misery is that the majority of the companies which sell in the region are based in western countries. Major fruits cultivated in South Africa include citrus, Banana, mangoes, litchi, and grapes. The agricultural export of the country has more than 40% of fruits which, directly acts as 2.5% of South Africa’s GDP.

In Africa, agriculture does play an important role in economic development. Yet, the sector’s optimum potential is still untapped. It is Africa that has the highest uncultivated agricultural land in the world. The crop yield in the country is only 56% of the international average. Thus, the rising demand for field crops, coupled with increasing innovation in crop protection chemicals, is providing opportunities for further penetration in field crops.

In terms of product type, the market was led by the insecticide segment, while the fungicides & bactericides segment recorded the highest historic CAGR of 12.99%. The major factors for the demand for crop protection chemicals are the improvisation of the post-harvest yield and alleviating plant stress. The major global companies are now targeting the region. Investments in R&D for capping down the prices and to increase the yield for major crops are expected to boost the market, during the forecast period. Crop protection chemicals are one of the most regulated products in the region, but the trade of illegal counterfeit and the use of unauthorized active ingredients is posing a huge threat in the market.

The majority of the companies in the global landscape of this market are enjoying great potential in this million-dollar industry, even though they face a lawsuit now and then. A few of the most prominent companies in the market which are profiled in this report are: Adama Ltd., Basf SE, Bayer AG, Dow AgroSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemical, Syngenta AG, UPL