UAE Pesticide Market to Grow with a CAGR of 4.51% through 2028
Growth in research and development activities is expected
to drive the UAE Pesticide Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “UAE Pesticide
Market – By Region, Competition, Forecast and Opportunities, 2018-2028F”,
the UAE Pesticide Market stood at USD183.32 million in 2022 and is anticipated
to grow with a CAGR of 4.51% in the forecast period, 2023-2028. The initiatives
taken by government based on pesticide has led to favorable market conditions
for the UAE Pesticide Market. Several factors contribute to the growth of
various pesticide market products. One
significant initiative taken by the UAE government is the registration of
pesticides. In accordance with the regulations set by the Ministry of Climate
Change and Environment (MOCCAE), all pesticides must be registered before they
can be used in the country. This registration process ensures that only safe
and approved pesticides are used in agricultural practices. The registration of
pesticides is valid for a period of five years or until the expiry date of the
registration certificate. This allows for regular monitoring and assessment of
the effectiveness and safety of the registered pesticides.
Furthermore, the
UAE government has also established regulations that specify the maximum limits
of pesticide residues permitted in agricultural and food products. These
regulations aim to safeguard the health and well-being of consumers by ensuring
the safety and quality of the food products consumed within the country.
By implementing
these measures, the UAE government is actively working towards promoting
sustainable and responsible agricultural practices, while also prioritizing the
health and safety of its citizens.
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Innovations in
the pesticide industry have been primarily driven by extensive research and
development (R&D) initiatives. These endeavors have resulted in the
creation of novel formulations and application technologies that exhibit
enhanced efficacy, environmental friendliness, and tailored targeting of
specific pests and crops. A notable example of such progress can be observed in
the remarkable growth of the global microencapsulated pesticides market, which
can be attributed to ongoing R&D activities. Microencapsulation technology
involves the encapsulation of minuscule particles or droplets, enabling precise
and controlled release of active ingredients. This advancement significantly
amplifies pesticide effectiveness, diminishes environmental impact, and
improves user safety.
The UAE
Pesticide Market is segmented in type, crop type, regional distribution, and company.
Based on its type, the insecticides segment held the
largest share in the market. The emergence of new pests and diseases in the UAE
has become a significant factor contributing to the dominance of insecticides
in the pesticide market. With the continuous rise of these new pests, there is
an urgent need for effective and innovative solutions to control and mitigate
their impact, which has led to a substantial increase in the demand for
insecticides. This growing demand reflects the increasing importance of
developing more targeted and specialized insecticides that can address the
unique challenges posed by these emerging pests and diseases.
Based on region, Dubai segment is expected to grow
during the forecast period.
The emergence of new pests and diseases in the region,
coupled with the growing concern for effective pest control solutions, has led
to a significant increase in the demand for pest control services in Dubai. As
a result, the pesticide market in Dubai continues to experience steady growth,
with businesses and individuals seeking innovative and environmentally-friendly
solutions to tackle these challenges and ensure the well-being of their crops
and environments.
Major companies operating in UAE Pesticide Market are:
- Emirates
Rawabi Est.
- Anglo
Gulf Limited
- BASF
UAE
- AGRI
Ventures FZE
- Syngenta
UAE
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“Growing application of pesticide in various end user
industries are key drivers of the pesticide market. Growth in competitive
landscape and presence of well-established companies in the market who are
dedicated to enhance their productivity of pesticide with every passing year
are anticipated to register an impressive growth to UAE Pesticide Market in the
forecast period.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Pesticide Market By Type (Herbicides, Insecticides,
Fungicides, Others), By Crop Type (Oilseeds & Pulses, Grains & Cereals,
Fruits & Vegetables, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of UAE Pesticide 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 Pesticide Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
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