UAE Pesticides Market to grow with a CAGR of 4.51% through 2028
The increasing adoption rate of modern farming
procedures among farmers and supportive government policies drive the demand
for the UAE pesticides market.
According to TechSci
Research report, “UAE Pesticides Market - By Region, Competition Forecast and Opportunities, 2018-2028”, the UAE Pesticides Market stood at USD183.32 million in 2022 and is
expected to grow at steady rate of 4.51% during the forecast period. The rise in
crop production, growing awareness of new technology and rise in government
initiatives are the primary factors driving the demand for the UAE Pesticides
Market. In UAE, the government is providing enormous amount of funds for the
development of agricultural technology and support for ‘Ag-tech farms’,
However, in November 2018, ‘The National Food Security Strategy 2051’ was
launched with the aim of utilizing agricultural practices to enhance the yield
of crop sustainably, and hence, propel the growth of UAE Pesticides market.
However, the advancement
in technology improves the farming practices smoothly and efficiently, which enhances
the growth of the market in the forecast period.
Browse over 38
market data Figures spread through 133 Pages and an in-depth
TOC on "UAE Pesticides Market"
The UAE
Pesticides Market can be segmented by type, form, product type, crop type,
source, regional distribution, and competitional landscape. Based on type, the market is further segmented into
insecticides, herbicides, fungicides, and others. The insecticides segment dominated the market in 2022 with an overall share of 40.29%.
This can be ascribed to the increasing crop production and increasing use of
insecticides for controlling weeds, and pests that degrades the yield of crop.
Based on form,
the market is segmented into liquid, and dry. The liquid segment dominated the
market in 2022 with an overall share of 68.11% on account of high convenience
as liquid cover a large crop area, is highly effective, easy to store,
transport, and handle.
Based on
product type, the
market is segmented into chemical, and organic. The chemical segment is expected to dominate the market through forecast period, as
they are less expensive, offer longer periods of protection, and are more
persistent than organics.
Major companies
operating in UAE Pesticides Market include:
- Syngenta UAE
- Bayer Middle East FZE
- BASF FZE
- Anglo Gulf FZE
- Sumitomo Corporation Middle East FZE
- Rawabi Emirates Est.
- Al Mubarak Agro-Chemicals
- National Industrial Co. W.L.L.
- Sherwood Middle East Pesticide Trading
LLC
- AGRI Ventures FZE
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“UAE Pesticides Market is expected to witness significant
growth during the forecast period on account of increasing population requiring
large quantity of crops. An increase in crop
production and accelerating demand for locally grown food is expected to grow
the market. Additionally, the stringent regulations and unfavorable climatic conditions
are expected to hamper the market growth in the next few years,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“UAE
Pesticide Market By Type (Herbicides, Insecticides, Fungicides, Others), By
Form (Liquid v/s Dry), By Product Type (Chemical v/s Organic), By Crop Type
(Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, Others),
By Source (Domestic v/s Import), By Region, Competition Forecast &
Opportunities, 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 Pesticides Market.
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