Egypt Fertilizers market is
expected to grow impressively through 2028 due to the increasing
government support for the agriculture industry in this country.
Fertilizers are added to the soil
to enhance plant growth and improve crop yield. They provide essential
nutrients to plants for their survival and healthy growth. The use of
fertilizers is a common practice in agriculture and horticulture to increase
crop yield and ensure food security. Organic fertilizers are slow-release, which
means that they release nutrients slowly over a longer period. They are also
rich in organic matter, which improves soil structure and fertility. Some
examples of organic fertilizers include bone meal, blood meal, fish emulsion,
and manure. Inorganic fertilizers, on the other hand, are fast-acting
and provide immediate nutrients to plants. They are also more concentrated and
provide a specific balance of nutrients. Inorganic fertilizers are further
classified into nitrogen, phosphorus, and potassium fertilizers. Examples of
inorganic fertilizers include ammonium nitrate, urea, superphosphate, and
potassium chloride.
Fertilizers play a crucial
role in agriculture and horticulture by providing essential nutrients to
plants. They increase crop yield and quality, making them an essential tool for
food security. Fertilizers also improve soil fertility and structure by adding
organic matter to the soil. Organic matter helps retain water, improve soil
structure, and increase microbial activities, which is crucial for the healthy growth
of plants.
Moreover, fertilizers help
prevent nutrient deficiencies in plants. Nutrient deficiencies can lead to
stunted growth, poor yield, and lower-quality crops. By providing essential nutrients,
fertilizers ensure that plants have everything they need to grow and thrive.
While fertilizers have many
benefits, they can also have negative impacts on the environment. Overuse of
fertilizers can lead to soil and water pollution. Nitrogen and phosphorus from
fertilizers can leach into groundwater and surface water, causing
eutrophication. Eutrophication is a process where excessive nutrients in water
cause an increase in algae and other aquatic plant growth, leading to oxygen
depletion and the death of fish and other aquatic organisms.
Egypt is a leading agricultural
country that relies heavily on fertilizers to increase crop yield and meet the
growing demand for food. In 2022, wheat consumption in Egypt amounted to 19.75
million metric tonnes.
The Egypt fertilizers market
has experienced significant growth in recent years, thanks to an expanding
population and a consequent rise in the demand for food. The market offers a
wide range of products, including nitrogen, phosphorus, and potassium
fertilizers. The most common types of fertilizers used in the country are urea,
ammonium nitrate, and phosphate fertilizers.
Growing Government
Support and Increasing Population Driving Market
The Egyptian population is
growing rapidly, with estimates suggesting that it could reach 151 million by
2050. As the population grows, so does the demand for food. To meet this
demand, farmers need to increase their agricultural production. Fertilizers
play a critical role in this process, as they help increase crop yields, which,
in turn, help in meeting the augmenting demand for food.
One of the most significant driving
forces behind the growth of the Egypt fertilizers market is the government's
support for the agriculture sector. The government has implemented several
initiatives to support farmers and encourage the use of fertilizers, including
subsidies for fertilizers and other inputs. These subsidies help to reduce the
cost of fertilizers, making them more affordable for farmers, and encourage
increased use of fertilizers in agriculture. Additionally, the government's
"One Million Feddan" project aims to cultivate one million acres of
land and increase agricultural production, further supporting the fertilizers
market.
Technological
Advancements to Aid Demand for Fertilizers
The fertilizers market in Egypt has seen
significant technological advancements in recent years. New fertilizers are
being developed that are more efficient and environmentally friendly. These new
products can help increase crop yields while reducing the impact of cultivation
on the environment. Additionally, advancements in precision agriculture have
made it possible to apply fertilizers more precisely, reducing waste, and
improving the efficiency of fertilizer use.
Another factor that is driving the growth
of the Egypt fertilizers market is urbanization. However, the amount of land
available for agriculture decreases, making it more challenging to meet this
demand. Fertilizers help in increasing crop yields, making it possible to
produce more food on less land. This heightened productivity is essential in
urban areas with limited access to arable lands.
With abundant sunshine and water resources,
Egypt has a favorable climate for agriculture. The Nile River provides water
for irrigation, and the country has a long history of agriculture, dating back
thousands of years. This favorable climate has made it possible to produce a
wide range of crops, from fruits and vegetables to cereals and cotton.
Fertilizers help improve the quality of the soil, making it possible to grow
crops in areas that may not have been suitable for agriculture in the past.
Key Challenges for Egypt Fertilizers
Market
The cost of production is a
significant challenge faced by the Egypt fertilizers market. The cost of raw materials,
such as natural gas, phosphates, and sulfur, which are used in the production
of fertilizers, has been increasing in recent years. This has resulted in
higher production costs, which can make fertilizers more expensive for farmers
and reduce demand.
Egypt is highly dependent on
imports for many of its fertilizers. The country relies on imports to meet more
than half of its fertilizer needs. This dependence on imports can make the market
vulnerable to fluctuations in global prices, transportation costs, and currency
exchange rates. Any disruption in the supply chain can lead to shortages, which
can lead to higher prices and reduced demand.
Egypt faces stiff competition
from other countries in the global fertilizers market. Other countries, such as
China and India, have significant production capacities and can produce
fertilizers at lower costs. This competition can make it challenging for
Egyptian producers to compete on price, which can limit their ability to expand
their market share over the next few years.
Egypt's infrastructure,
including ports and transportation systems, can also pose a challenge to its
fertilizers market in the near future. Inadequate infrastructure can lead to
delays in transportation, which can lead to a loss of quality and quantity of fertilizers.
Additionally, inadequate storage facilities can lead to spoilage and waste.
As the world becomes
increasingly aware of the impact of human activities on the environment, there
is growing concern among consumers about the environmental impact of
fertilizers. Overuse of fertilizers can lead to soil and water pollution, which
can have long-term environmental impacts. The Government of Egypt has
implemented regulations to reduce the environmental impact of fertilizers, but
compliance can be challenging and costly for producers.
Recent Trends and Developments
In the past three
years, there has been a significant expansion of production capacity in the
Egypt fertilizers market. Major producers in the country, including Abu Qir
Fertilizers, Helwan Fertilizers, and Misr Fertilizers Production Company (MOPCO),
have announced plans to increase their production capacities. This expansion
has been driven by increasing demand for fertilizers in the country and the
government's efforts to increase agricultural productivity.
Egyptian
fertilizer producers have also been investing in new technologies to improve
the efficiency of their production processes. For example, MOPCO has invested
in a new ammonia plant that uses natural gas as a feedstock, which is expected
to reduce the company's production costs in the years to come. On the other hand,
Abu Qir Fertilizers has invested in a new urea granulation plant to improve the
quality of its products.
These producers
have also been focusing on developing export markets to increase their
revenues. The country's strategic location and access to major shipping routes
make it an ideal location for exporting fertilizers to other countries in the
region and beyond. Major producers in the country have been expanding their
export capabilities and targeting new markets, including Africa, Europe, and
Asia.
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Market Segmentation
The Egypt fertilizers market is
segmented based on form, application, crop type, and
region. Based
on the form, the market is categorized into dry and liquid. Based on the application, the market is categorized
into agriculture, horticulture, and gardening. Based on crop type, the market
is segmented into field crops, horticultural crops, turf, and ornamental. Based
on region, the market is divided into Cairo, Alexandria, Giza, Qalyubia, Port
Said, Suez, and the Rest of Egypt.
Market Players
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, and TCI Sanmar Chemicals S.A.E. are some of the key players
of the Egypt Fertilizers 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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Form
Application
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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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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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, the Egypt fertilizers market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- Fertilizers Market, By Form:
- Fertilizers Market, By Application:
- Agriculture
- Horticulture
- Gardening
- Fertilizers Market, By Crop Type:
- Field Crops
- Horticulture Crops
- Turf & Ornamental
- Fertilizers 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 the Egypt Fertilizers 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).
The Egypt Fertilizers Market
is an upcoming report to be released soon. If you wish for an early delivery of
this report or want to confirm the date of release, please contact us at [email protected].