Middle East & Africa Agrochemicals Market Size & Outlook
Middle East & Africa agrochemicals market, 2018-2030 (US$M)
Related Markets
MEA agrochemicals market highlights
- The MEA agrochemicals market generated a revenue of USD 8,434.0 million in 2023.
- The market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, fertilizers was the largest revenue generating product in 2023.
- Crop Protection Chemicals is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 8,434.0 million |
| Market revenue in 2030 | USD 10,829.7 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Crop Protection Chemicals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, Other Products |
| Key market players worldwide | Clariant AG, Basf SE, Huntsman Corp, Bayer AG, Dow Inc, Solvay SA, Nufarm Ltd, Evonik Industries AG, Croda International PLC, Helena Laboratories, Ashland Inc, FMC Corp, ADAMA Agricultural Solutions, Stepan Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.1% of the global agrochemicals market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 212,353.9 million by 2030.
Fertilizers was the largest segment with a revenue share of 67.46% in 2023. Horizon Databook has segmented the Middle East & Africa agrochemicals market based on fertilizers, crop protection chemicals, plant growth regulators, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa agrochemicals market is expected to grow at a significant pace over the forecast period. The consumption of pesticides is increasing in Saudi Arabia and Oman, and trend is seen steady for South Africa, Kuwait, and Qatar pesticides consumption.
The fertilizers segment dominated the MEA agrochemicals market with the maximum consumption, as compared to other agrochemicals. This region was dominated by Africa, as agriculture is a major source of income to most of the economies such as Nigeria, South Africa, and Kenya.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA agrochemicals market size, by country, 2018-2030 (US$M)
Middle East & Africa Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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