Saudi Arabia Agrochemicals Market Size & Outlook
Saudi Arabia agrochemicals market, 2018-2030 (US$M)
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Saudi Arabia agrochemicals market highlights
- The Saudi Arabia agrochemicals market generated a revenue of USD 1,161.9 million in 2023 and is expected to reach USD 1,500.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.7% 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.
Agrochemicals market data book summary
| Market revenue in 2023 | USD 1,161.9 million |
| Market revenue in 2030 | USD 1,500.2 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Crop Protection Chemicals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.4% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,757.9 million by 2030.
Fertilizers was the largest segment with a revenue share of 51.24% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia is one of the prominent markets in the Middle East & Africa agrochemicals market. The country accounted for a share of 9.7% in the MEA agrochemicals market in 2020 in terms of volume. The increasing consumption of crop protection chemicals in the country owing to the rising demand for the production of date-palm in the country is key factor driving the agrochemicals market.
Although, the country has small portion of arable land (most of the land in the country is dessert), the farming activities in the country is increasing owing to the consumer increasing demand for Arabian dates and palm. Farmers are utilizing pesticides and agricultural adjuvants to enhance the crop yield to meet the consumer demand for dates and palm.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia agrochemicals market size, by product, 2018-2030 (US$M)
Saudi Arabia Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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