The increasing adoption rate of modern farming procedures among farmers and supportive government policies drive the demand for the UAE pesticide 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 a steady rate of 4.51% during the forecast period.
The important elements of UAE Pesticides Market
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 an 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 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 degrade the yield of crops.
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 the increasing population requiring large quantities 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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