Egypt Fertilizers Market to be Dominated by Fertilizers Segment Through 2028
The increasing government
support for the agriculture industry is likely to propel the Egypt fertilizers
market over the forecast period.
According
to TechSci Research report, “Egypt Fertilizers Market - By Region,
Competition Forecast and Opportunities, 2028,” The market is anticipated
to increase at an impressive rate during the forecast period. The market is
expected to grow impressively through 2028, thanks to government support for
the agriculture industry.
Fertilizers play a vital role in agriculture and horticulture. They
provide essential nutrients to plants, increase crop yield and quality, and
improve soil fertility. However, overuse of fertilizers can have negative
impacts on the environment, such as soil and water pollution. To mitigate these
impacts, it is essential to use fertilizers responsibly and sustainably,
ensuring that they are applied correctly and in appropriate amounts.
Phosphate fertilizers are essential for the growth of plants' roots and
are used in a wide range of crops, including fruits, vegetables, and cereals.
The most commonly used phosphate fertilizers in Egypt are diammonium phosphate
(DAP) and triple superphosphate (TSP). DAP is produced locally by the Abu
Tartour Phosphate Company, while TSP is imported from several countries,
including China and Russia.
The government of Egypt has implemented several initiatives to support
the agriculture sector, including the provision of subsidies for fertilizers
and other inputs. The government also launched the "One Million
Feddan" project, which aims to cultivate one million acres of land and
increase agricultural production.
In addition to government support, the Egypt fertilizers market is
benefiting from the growing population and the consequent increase in the
demand for food. According to the United Nations, Egypt's population is
expected to reach 151 million by 2050. The increasing population is driving the
demand for food, which, in turn, is driving the demand for fertilizers in the
country.
The Egypt fertilizers market faces several challenges, including the
limited availability of raw materials, high production costs, and the impact of
the COVID-19 pandemic. The production of fertilizers requires a steady supply
of raw materials, including natural gas, which is the main raw material used in
the production of nitrogen fertilizers.
The high cost of production is another challenge facing the Egypt
fertilizers market. According to a report by the World Bank, the cost of
producing urea in Egypt is higher than the international average due to the
high cost of natural gas and other inputs.
The Egypt government has also implemented regulatory reforms to attract
more investment in the fertilizers sector. In 2019, the government approved a
new investment law that provides tax incentives and other benefits for
investors in the sector. Additionally, the government streamlined the process
for obtaining permits and licenses for new fertilizer projects, which has
helped to attract more investment in the sector.
Browse
over XX market data Figures spread through 70 Pages and an in-depth TOC on
"Egypt Fertilizers Market"
The
Egypt fertilizers market is segmented based on form, application, crop type,
and region.
Based on form, the market is divided into dry and liquid. The dry
fertilizers segment is expected to hold the largest market share in the
forecast period.
Based on crop type, the market is divided into field crops,
horticultural crops, and turf & ornamental. The increasing government
support for the agriculture industry is the primary reason behind the growth of
this segment.
Major
companies operating in The Egypt fertilizers market are:
- El-Nasr Company for
Intermediate Chemicals
- Abu Qir Fertilizers and
Chemical Industries Company
- Egyptian Chemical
Industries
- Alexandria Fertilizers
Company
- Helwan Fertilizers Company
- Misr Fertilizers Production
Company
- Aswan Fertilizer and
Chemicals Company
- Elixir Group
- Suez Fertilizer Company
- TCI Sanmar Chemicals S.A.E
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“The
Egypt fertilizers market is driven by a combination of factors, including
government support, population growth, urbanization, favorable climate, and
technological advancements. These drivers have created a favorable environment
for the demand and production of fertilizers, making it possible to meet the
augmenting need for food in the country. As the population continues to grow
and urbanization increases, the importance of fertilizers in agriculture will
only become more critical, making it likely that the Egypt fertilizers market
will continue to grow in the years to come." said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management consulting
firm.
“Egypt Fertilizers Market By Form (Dry,
Liquid), By Application (Agriculture, Horticulture, Gardening), By Crop Type
(Field Crops, Horticultural Crops, Turf, Ornamental) By Region,
Competition, Forecast & Opportunities, 2028” has evaluated the future growth potential of Egypt
Fertilizers 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 the Egypt fertilizers
market.
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