UAE Agrochemical Market is projected to be worth USD 305.1 Million by 2033 and is anticipated to surge at a CAGR of 4.74%.
Agrochemicals are chemicals made by humans containing biological or artificial components that are intended to increase crop yields and quality. Agrochemicals can be divided into two categories: fertilizers and pesticides. Fertilizers enhance crop quality by providing essential nutrients to the soil and crop, whereas pesticides safeguard crops by eliminating, managing, or discouraging dangerous pests and weeds. Agrochemicals provide farmers with the means to boost crop yields while shielding crops from pests and diseases, making them a vital component of the agricultural industry. In agriculture, chemical products referred to as "agrochemicals" are used to protect plants from pests, diseases, and weeds while also increasing crop productivity. Agrochemicals include insecticides, fungicides, herbicides, and other chemicals used to treat soil, promote plant growth, and increase fertility.
UAE Agrochemical Market Driving Factors and Challenges
Growth Drivers: The United Arab Emirates' pesticide market is expanding due in large part to consumers' growing distaste for subpar agricultural products. The rapidly expanding agricultural sector in the region demands the use of effective pest control techniques in order to maintain optimal crop health and productivity. Pesticides are necessary to support food security in the United Arab Emirates and to meet this demand. To protect the environment and public health, the United Arab Emirates has enforced stringent regulations regarding the use and importation of pesticides. If pesticides meet all registration requirements, they can only be supplied by the producing company in the country of origin or one of its original branches.
The UAE's agrochemical market faces a number of challenges that affect its dynamics and expansion. One major issue is the region's dry climate and scarce water supplies, which make it difficult to produce agricultural products and call for effective water management techniques.
The demand of agricultural products is strongly impacted by population growth. To contribute to the situation, urbanization is progressively taking away more land for agriculture, forcing farmers to use a variety of chemicals to increase crop productivity and enhance soil health. Therefore, the use of crop protection products like pesticides and fertilizers has become essential in order to meet the growing demand for food.
Impact of COVID-19 on UAE Agrochemical Market
The COVID-19 pandemic has had various effects on the agrochemical market in the United Arab Emirates. One significant result was the disruption of the global supply chain, which affected the import and distribution of products containing agrochemicals. Trade and travel restrictions created logistical challenges that led to delays and shortages of vital inputs for agrochemical production. The yield of agriculture suffered when farmers could not get necessary fertilizers, pesticides, and other agrochemicals. Additionally, the economic downturn brought on by the pandemic affected farmers' purchasing power, which might have reduced the market for agrochemical products.
UAE Agrochemical Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AGRI Ventures FZE, Anglo Gulf Limited, BASF UAE, Emirates Rawabi Est., Syngenta UAE, Others.
UAE Agrochemical Market Segmentation:
By Type: Based on the Type, UAE Agrochemical Market is segmented as; Herbicides, Insecticides, Fungicides, Others
By Crop Type: Based on the Crop, UAE Agrochemical Market is segmented as; Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, Others.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.