Egypt Agrochemicals market is
expected to grow impressively through 2028 due to the increasing
demand for food products. Revenue in the Food segment is projected to
reach USD 253.30m in 2023.
Agrochemicals are chemicals used
in agriculture to protect crops from pests and diseases, enhance plant growth
and yield, and improve soil fertility. They play a vital role in modern
agriculture, where large-scale farming practices have become the norm. However,
the use of agrochemicals has been a subject of controversy due to their
potential adverse effects on human health and the environment. Agrochemicals
help to protect crops from pests and diseases, which can reduce yield losses.
They also provide essential nutrients to plants, which can improve growth and
yield. Agrochemicals
can reduce labor costs by replacing manual weeding and pest control with
chemical applications. Agrochemicals can be applied precisely,
targeting specific pests or areas of the crop. This reduces waste and improves
efficiency. Agrochemicals can help to increase the productivity of
existing farmland, reducing the need for additional land for food production.
Agrochemicals can be
classified into three categories based on their functions. : Pesticides are
chemicals used to control pests and diseases that affect crops. They include
insecticides, herbicides, and fungicides. Insecticides are used to control
insects that feed on crops and cause damage. Herbicides are used to control
weeds that compete with crops for nutrients and water. Fungicides are used to
control fungal diseases that affect crops. Fertilizers are chemicals
used to improve soil fertility by providing essential nutrients to plants. They
include nitrogen, phosphorus, and potassium, which are required in large
quantities by plants. Fertilizers can be organic or inorganic. Organic
fertilizers are derived from plant or animal sources, while inorganic
fertilizers are synthesized from chemicals. Growth regulators are chemicals
used to control the growth and development of plants. They include plant
hormones and other compounds that regulate plant growth. They are used to
increase yield, improve fruit quality, and regulate plant growth in response to
environmental conditions.
Egypt Agrochemicals market is
one of the largest and most important in the Middle East and Africa (MEA)
region. The country's favorable climate, fertile land, and extensive irrigation
system make it a key player in the global agricultural market. The agrochemicals
market in Egypt is driven by various factors, including government support,
increasing demand for food products, and technological advancements in the
agriculture sector.
Egypt Agrochemicals market
faces several challenges, including environmental concerns, regulatory barriers,
and increasing competition from organic farming. The government has implemented
several regulations to ensure the safe and sustainable use of agrochemicals in
the country. However, there is still a need for stricter regulations to address
the environmental concerns associated with the use of agrochemicals.
Growing Government
Support and Increasing Demand for Food Products are Driving Market Growth
The growing population in
Egypt and the increasing demand for food products have been major drivers of
the agrochemicals market. The demand for food products has led to an expansion
in the agriculture sector, which has increased the need for agrochemicals to
improve crop yields and ensure food security. In addition, the changing dietary
habits of the population, with an increasing demand for high-value crops such
as fruits and vegetables, have also contributed to the growth of the
agrochemicals market.
The Egyptian government has
played a significant role in the growth of the agrochemicals market in the
country. The government has implemented several policies and programs to
support the agriculture sector, such as providing subsidies and incentives to
farmers, investing in agricultural infrastructure, and promoting research and development
in the sector. The government's support has helped to improve productivity and
profitability in the agriculture sector, which has led to an increase in demand
for agrochemicals.
Technological
Advancement in the Industry is Driving
Market Growth
The development of new technologies in
the agriculture sector has also been a significant driver of the agrochemicals
market in Egypt. The use of advanced technologies such as precision farming, remote
sensing, and GIS has helped to improve the efficiency and effectiveness of
agricultural practices, leading to an increase in crop yields and a reduction
in the use of agrochemicals. The development of new crop protection products
and biopesticides has also helped to reduce the reliance on traditional agrochemicals
and improve sustainability in the agriculture sector.
Egypt's favorable climate and soil
conditions have also been key drivers of the agrochemicals market in the
country. The country has a long growing season, abundant sunshine, and fertile
land, which make it an ideal location for agriculture. The extensive irrigation
system in the country also ensures a steady supply of water for crops, making
it easier to grow crops year-round. These factors have led to an increase in
demand for agrochemicals to support the growth of crops and improve yields.
The export market for Egyptian
agricultural products has been growing steadily in recent years, driven by an
increasing demand for high-quality products in international markets. The
export market has led to an increase in demand for agrochemicals, as farmers
seek to improve crop yields and meet international quality standards. In
addition, the export market has created opportunities for local agrochemicals
manufacturers and suppliers, leading to the growth of the agrochemicals market
in the country.
Major Challenges faced by Agrochemicals
Market
One of the biggest challenges
faced by the Egyptian agrochemicals market is the lack of regulation and
quality control. The market is flooded with counterfeit and substandard
products, which can be harmful to crops, humans, and the environment. The lack
of regulation and quality control has also led to the misuse of agrochemicals,
resulting in resistance and pest resurgence.
The excessive use of
agrochemicals in the agriculture sector has led to environmental concerns such
as soil degradation, water pollution, and the loss of biodiversity. The use of
pesticides and fertilizers can have harmful effects on the environment and
human health, and it is essential to adopt sustainable agricultural practices
to minimize the impact on the environment.
The overuse and misuse of
agrochemicals have led to resistance and pest resurgence, making it difficult
for farmers to control pests and diseases. The misuse of agrochemicals has also
led to the development of superbugs, which are resistant to multiple pesticides
and can cause severe damage to crops.
The high cost of
agrochemicals and the limited access to finance are significant challenges
faced by farmers in Egypt. Many farmers struggle to access finance to purchase
agrochemicals, which can impact their ability to grow crops and improve yields.
The lack of finance also limits investment in research and development,
hindering the development of new agrochemicals and technologies.
The lack of infrastructure,
such as irrigation systems, storage facilities, and transportation networks, is
another challenge faced by the Egyptian agrochemicals market. The lack of
infrastructure makes it difficult to transport and store crops, leading to post-harvest
losses and reduced profitability for farmers.
Recent Trends and Developments
The Egyptian
government has been providing support to the agriculture sector in the country.
The government has launched several initiatives to promote sustainable agricultural
practices and increase productivity in the sector. For example, the government
launched the "1.5 million feddan" project, which aims to increase the
area of agricultural land by 1.5 million feddan (1.57 million acres) by 2020.
In the last three
years, there has been an increase in investment in research and development of
new agrochemicals and technologies in Egypt. Companies are investing in the
development of new products to address the challenges faced by farmers,
including resistance, pest resurgence, and environmental concerns. These new
products are designed to be more efficient, effective, and environmentally
friendly.
There has been a
growing awareness of the need to adopt sustainable agricultural practices in
Egypt. Farmers are increasingly using integrated pest management (IPM)
practices, which aim to minimize the use of agrochemicals and promote the use
of natural predators to control pests. There has also been an increase in the
use of organic farming practices, which do not rely on synthetic fertilizers
and pesticides.
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Market Segmentation
Egypt Agrochemicals Market is
segmented based on Type, Crop Type, and Region. Based on the Type, the market
is categorized into Fertilizers, Pesticides,
Adjuvants, and Plant Growth Regulators. Based on crop type the market is
segmented into Cereals & Grains, Oilseeds & Pulses, Fruits &
Vegetables, Others. Based on region, the market is divided into Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt.
Market Players
Bayer Limited
Egypt, LLC, BASF SE, Corteva Agriscience AG, The OCP Group, Abu Qir Fertilizers
and Chemicals Industries, Chitosan Egypt , Evergrow Fertilizers , Yara
International , Misr Fertilizers Production Company ,Helwan Fertilizers
Co. are some of the key
players of the Egypt Agrochemicals Market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative
Units
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Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
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Report
coverage
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Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments
covered
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Type
Crop type
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Regional
scope
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Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt
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Key companies
profiled
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Bayer Limited Egypt, LLC, BASF SE, Corteva
Agriscience AG, The OCP Group, Abu Qir Fertilizers and Chemicals Industries,
Chitosan Egypt , Evergrow Fertilizers , Yara International , Misr Fertilizers
Production Company ,Helwan Fertilizers Co.
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Customization
scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and
purchase options
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Avail
customized purchase options to meet your exact research needs. Explore
purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request)
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Report Scope:
In this report, Egypt Agrochemicals market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- Agrochemicals Market, By Type:
- Fertilizers
- Pesticides
- Adjuvants
- Plant Growth Regulators
- Agrochemicals Market, By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Agrochemicals Market, By Region:
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
- Rest of Egypt
Competitive landscape
Company Profiles: Detailed analysis of the major companies present
in Egypt Agrochemicals market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis
and profiling of additional market players (up to five).
Egypt Agrochemicals Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected].