UAE Fertilizer Market to Grow with a CAGR of 4.34% through 2028
Growth in research and development activities is expected to drive the UAE
Fertilizer Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “UAE Fertilizer
Market – By Region, Competition, Forecast and Opportunities, 2018-2028F”,
the UAE Fertilizer Market stood at USD374.62 million in 2022 and is anticipated
to grow with a CAGR of 4.34% in the forecast period, 2023-2028. The initiatives
taken by government based on fertilizer has led to favorable market conditions
for the UAE Fertilizer Market. Several factors contribute to the growth of
various fertilizer market products. Abu
Dhabi's oil giant ADNOC is taking a significant step towards reducing carbon
emissions and embracing clean energy. As part of their efforts, ADNOC plans to
install a 10-tonnes-per-day carbon capture unit at a nitrogen fertilizer plant.
This innovative initiative, developed by UK-based Carbon Clean, will not only
help curb greenhouse gas emissions but also contribute to the UAE's commitment
to sustainability. In addition to
their focus on emissions reduction, the UAE government has launched an
inspiring initiative aimed at enhancing food security and reducing agricultural
imports. Recognizing the importance of local food production, the government
has implemented various measures to support and promote domestic agricultural
practices. These efforts include incentivizing the use of fertilizers and other
agricultural technologies to enhance productivity and sustainability in the
region.
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Controlled-release
fertilizers have emerged as another significant area of innovation. By
utilizing advanced encapsulation technologies, these fertilizers are designed
to release nutrients slowly and gradually over an extended period of time. This
controlled-release mechanism not only ensures a steady supply of nutrients to
plants but also minimizes the risk of over-fertilization and potential
environmental damage. This innovative approach to fertilizer application
provides sustainable and efficient nutrient management solutions for modern
agriculture. The nitrogenous fertilizers market is experiencing unprecedented
growth, primarily due to increased research and development (R&D)
activities in the field. Nitrogen, being a vital nutrient for plant growth,
plays a crucial role in enhancing agricultural productivity. Recent
advancements in nitrogenous fertilizer production techniques have led to the
development of more efficient and environmentally friendly formulations. These
technological breakthroughs are contributing to improved agricultural yields,
promoting sustainable farming practices, and addressing the growing global
demand for food.
The UAE
Fertilizer Market is segmented in crop type, mode of application, regional
distribution, and company. Based on its crop
type, the grains & cereals segment held the largest share in the market. The
growing adoption of organic farming practices is another significant factor
contributing to the dominance of grains and cereals in the UAE fertilizer
market. Organic fertilizers, derived from natural sources such as compost and
animal manure, provide a holistic approach to nourishing crops. By enhancing
soil health and fertility, these organic fertilizers promote a balanced
ecosystem that supports the growth of grains and cereals. This ultimately leads
to improved crop yields, ensuring a sustainable and environmentally friendly
approach to agriculture in the UAE. Based on region, Dubai segment is expected to grow
during the forecast period. The rising demand for food grain production in
Dubai is another significant factor contributing to its dominance in the UAE
fertilizer market. The city's relentless efforts to achieve food security and
reduce dependence on imports have led to a substantial increase in the
cultivation of grains and cereals. This surge in agricultural activities
necessitates a higher demand for fertilizers to ensure optimal crop growth and
yield. By investing in advanced farming techniques, such as precision
agriculture and controlled environment agriculture, Dubai is paving the way for
sustainable food production and reinforcing its position as a leading player in
the regional fertilizer industry.
Major companies operating in UAE Fertilizer Market are:
- MAPCO Fertilizer Industries FZE
- RNZ International FZE
- Al Yamama Fertilizer Industries LLC
- Al Yahar Organic Fertilizers Factory
- National Industrial Co. LLC
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“Growing application of fertilizer in various end user
industries are key drivers of the fertilizer market. Growth in competitive
landscape and presence of well-established companies in the market who are
dedicated to enhance their productivity of fertilizer with every passing year
are anticipated to register an impressive growth to UAE Fertilizer Market in
the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Fertilizer Market By Crop Type (Grains &
Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables,
Others), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Drip
Method, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of UAE Fertilizer Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in UAE Fertilizer Market.
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Techsci Research LLC
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