UAE Agrochemical Market Share, Trends, Growth Drivers, Key Players, Challenges, Competitive Analysis and Forecast till 2033: SPER Market Research
Agrochemicals are synthetic substances used to increase crop yields and quality that contain biological or artificial ingredients. Agrochemicals are classified as either fertilizers or pesticides. Fertilizers give soil and crop essential nutrients, enhancing crop quality, while pesticides protect crops and eliminate, manage, or repel dangerous pests and weeds. Because they equip farmers with the means to boost crop yields while safeguarding crops from pests and diseases, agrochemicals play a crucial role in the agricultural industry. “Agrochemicals” are chemical products that are used in agriculture to protect plants from pests, diseases, and weeds while also increasing crop productivity. Agrochemicals are substances that are sold for treating soil, promoting plant growth, and enhancing fertility. They include herbicides, insecticides, fungicides, and other chemicals.
According to SPER market research, ‘UAE Agrochemical Market Size- By Type, By Crop Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the UAE Agrochemical Market is predicted to reach USD 305.1 million by 2033 with a CAGR of 4.74%.
The market for pesticides in the United Arab Emirates is growing, partly because consumers are becoming less tolerant of poor quality agricultural products. To maintain optimal crop health and productivity, the region’s rapidly growing agricultural sector necessitates the use of efficient pest control techniques. In order to support and meet this demand, pesticides are required in the United Arab Emirates for food security. In the UAE, strict laws governing the use and importation of pesticides are in place to safeguard both the environment and public health. Only the producing company in the country of origin or one of its original branches may supply pesticides if they comply with all registration requirements.
Numerous challenges affect the dynamics and growth of the agrochemical market in the United Arab Emirates. One significant problem is the region’s arid climate and limited water resources, which make it challenging to grow crops and necessitate the use of efficient water management strategies.
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Population growth has a significant impact on the demand for agricultural products. The fact that urbanization is gradually removing more land for agriculture is a contributing factor to the problem, as farmers are compelled to employ a range of chemicals to improve soil health and crop productivity. In order to meet the rising demand for food, it is now necessary to use crop protection products like fertilizers and pesticides.
Impact of COVID-19 on UAE Pesticides Market
The COVID-19 pandemic has had a variety of effects on the UAE agrochemical market. One significant consequence was the disruption of the global supply chain, which impacted the import and distribution of agrochemical-containing products. Trade and travel restrictions posed logistical challenges, resulting in delays and shortages of critical agrochemical inputs. Agriculture yield suffered when farmers were unable to obtain necessary fertilizers, pesticides, and other agrochemicals. Furthermore, the economic downturn caused by the pandemic impacted farmers’ purchasing power, potentially reducing the market for agrochemical products.
United Arab Emirates Agrochemical Market Key Players:
Furthermore, Dubai emerged as the dominant player in the UAE Pesticide Market, with the largest market share in terms of value. Dubai’s strategic location at the crossroads of major trade routes, combined with its robust infrastructure, including cutting-edge ports, positions it as an ideal global hub for the import and export of agricultural products, including pesticides. Additionally, some of the market key players are AGRI Ventures FZE, Anglo Gulf Limited, BASF UAE, Emirates Rawabi Est., Syngenta UAE, Others.
United Arab Emirates Agrochemicals and Pesticides Market Segmentation:
By Type: Based on the Type, UAE Agrochemical Market is segmented as; Herbicides, Insecticides, Fungicides, Others
By Crop Type: Based on the Crop, UAE Agrochemical Market is segmented as; Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, Others.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
UAE Agrochemical Market Growth Drivers
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