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Egypt Agrochemicals Market

Egypt Agrochemicals Market

Egypt Agrochemicals Market, By Type (Fertilizers, Pesticides, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: December 2024
  • Report ID: BWC24967
  • Available Format: PDF
  • Page: 112

Report Overview

The growing need for food and an increasing focus on improved agricultural productivity to feed the growing population and the rapid adoption of advanced agrochemicals are expected to boost the growth of Egypt Agrochemicals Market during the forecast period between 2024 and 2030.

Egypt Agrochemicals Market - Industry Trends & Forecast Report, 2030

Egypt Agrochemicals Market size was estimated to be worth USD 1.3 billion in 2023. During the forecast period between 2024 and 2030, Egypt Agrochemicals Market size is projected to grow at a CAGR of 6.10%, reaching a value of USD 2 billion by 2030. Major growth factors for Egypt Agrochemicals Market include increasing demand for agricultural produce owing to rapid urbanization and growing population and declining crop yield due to soil degradation. In addition, the rising adoption of precision farming is also allowing efficient and economical use of agrochemicals, which is also anticipated to proliferate Egypt agrochemicals market during the forecast period in the analysis.

Egypt Agrochemicals Market

Agrochemicals – Overview

Agrochemicals, or agriculture chemicals, are chemical products employed in agriculture to manage the environment. They are specialized chemical products used to increase crop yield in agriculture production, floriculture, and horticulture. Agrochemicals include fertilizers, insecticides, soil conditioners, liming and acidifying chemicals, and hormones. The substance is used to increase crop growth and yield, eliminate pests and weeds, and control parasites and infectious diseases in crops and cattle. Animals are also given hormones regularly to help them develop and produce more. They are designed to safeguard crops from pests, boost agriculture, and keep crop quality intact.

Egypt Agrochemicals Market

Growth Drivers

Increasing Investments in Domestic Agrochemical Production

The lucrative agriculture sector and agrochemical market of Egypt are significantly attracting foreign direct investments (FDIs). Many global companies are establishing agrochemical production plants in the country and collaborating with domestic players and government agencies to tap into the potential market. Egyptian Chemical Industries (KIMA), for instance, is planning to set up a new chemical and fertilizer plant in Aswan with a production capacity of 600 tons of nitric acid per day. Government agencies are also taking favorable steps to improve domestic agrochemical production. The Ministry of Public Business Sector is in talks with IGSAS, a Turkish fertilizer producer, for potential collaboration for production, technology development, and capacity expansion in the fertilizer industry. Such initiatives and investments are anticipated to drive Egypt agrochemicals market during the forecast period.

Challenges

High Reliance on Imports

Egypt is heavily reliant on imports to meet its domestic demand for agrochemicals, including pesticides, herbicides, and fertilizers. The country significantly uses agrochemicals in agricultural activities to sustain crop yields and ensure food safety. However, imports are highly vulnerable to geopolitical tensions and supply chain disruption, which could lead to increased costs and a shortage of these chemicals in the country. The shortage and increased costs of imported agrochemicals have a ripple effect on the cost of production as well, which may negatively impact the competitiveness of Egyptian agricultural produce and affect their demand in the international market.

Impact of Escalating Geopolitical Tensions on Egypt Agrochemicals Market

Egypt is a major agricultural producer and consumer in the Middle East. As a result, the escalating geopolitical tensions, particularly in the Middle East, could influence various aspects of Egypt Agrochemicals Market. Egypt is one of the major importers of agrochemical products, including pesticides, fertilizers, and herbicides, and needs to source them from other countries. However, geopolitical tensions and conflicts lead to supply chain disruptions due to disturbances in regional trade routes, such as the Suez Canal conflict. Military, political, economic, and trade tensions and sanctions result in delayed shipments, increased transportation costs, and a shortage of chemicals. Furthermore, escalating tensions in neighboring countries of Egypt, such as Palestine, Israel, and Sudan, may also deter foreign direct investments in the agrochemicals sector, limiting its market growth.

Egypt Agrochemicals Market

Segmental Coverage

Egypt Agrochemicals Market – By Type

Based on type, Egypt Agrochemicals Market is segmented into fertilizers, pesticides, and others. The fertilizers segment is further classified into nitrogenous, phosphatic, potassic, and others. The pesticides segment is also divided into insecticides, herbicides, fungicides, nematicides, and others. The pesticides segment accounts for the largest market share of Egypt Agrochemicals Market, owing to the high prevalence of nematodes in many crop plants in the country. The presence of this plant pest causes severe economic damage to the agriculture sector. The Food and Agriculture Organization of the United Nations reveals that citrus nematodes are found in around 60% of the citrus-growing areas in Egypt.

Egypt Agrochemicals Market Size

Egypt Agrochemicals Market – By Crop Type

Egypt Agrochemicals Market by crop type is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The fruits & vegetables segment holds the largest share of Egypt Agrochemicals Market by crop type. The country is a major producer and exporter of potatoes, sugar cane, sugar beet, and fresh fruits, primarily citrus. According to the Food and Agriculture Organization of the United Nations, Egyptian potatoes account for 70–90% of imports in the European Union. In addition, around 90% of sugar cane production is utilized for sugar extraction. Agrochemicals are majorly used to protect crops from damage caused by pests, contributing to their growing use in the Egypt agricultural sector.

Competitive Landscape

Egypt Agrochemicals market is highly competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Bayer Limited Egypt LLC, BASF SE, Cortiva Agriscience AG, Kafr El Zayat Pesticides and Chemicals, Abu Qir Fertilizers and Chemicals Industries, Chitosan Egypt, Evergrow Fertilizers, Yara International, Misr Fertilizers Production Company (MOPCO), and Helwan Fertilizers Co. (HFC). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In August 2024 – Ostwal Group, a chemical manufacturer based in India, announced a USD 300 million investment in a new fertilizer plant in Egypt with an annual production capacity of over 700,000 tons.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Product/ Service Segmentation

Type, Crop Type

Key Players

Bayer Limited Egypt LLC, BASF SE, Cortiva Agriscience AG, Kafr El Zayat Pesticides and Chemicals, Abu Qir Fertilizers and Chemicals Industries, Chitosan Egypt, Evergrow Fertilizers, Yara International, Misr Fertilizers Production Company (MOPCO), Helwan Fertilizers Co. (HFC)

 

By Type

  • Fertilizers

  1. Nitrogenous

  2. Phosphatic

  3. Potassic

  4. Other Fertilizers

  • Pesticide

  1. Insecticides

  2. Herbicides

  3. Fungicides

  4. Nematicides

  5. Other Pesticides

  • Others

By Crop Type

  • Cereals & Grains

  • Oilseeds & Pulses

  • Fruits & Vegetables

  • Others

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  Egypt Agrochemicals Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing Need for Food Security and Improved Agricultural Productivity
        2. Adoption of Advanced Agrochemical Products
        3. Increasing Shift Towards Eco-Friendly and Sustainable Agricultural Practices
      2. Restraints
        1. High Costs of Agrochemicals
        2. Unpredictable Weather Patterns Affecting Crop Yields
      3. Opportunities
        1. Rise in Demand for Organic Agrochemicals due to Consumer Preferences
        2. Growing Focus on Innovative Agrochemicals
        3. Growth in Protected Agriculture Systems in Egypt
      4. Challenges
        1. Limited Water Resources Impacting
        2. Stringent Rules Governing the Use of Chemical Products in Agriculture
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Egypt Agrochemicals Market: Marketing Strategies
  5. Egypt Agrochemicals Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Million Metric Tons)
    2. Market Share and Forecast
      1. By Type
        1. Fertilizers
          1. Nitrogenous
          2. Phosphatic
          3. Potassic
          4. Other Fertilizers
        2. Pesticides
          1. Insecticides
          2. Herbicides
          3. Fungicides
          4. Nematicides
          5. Other Pesticides
        3. Others
      2. By Crop Type
        1. Cereals & Grains
        2. Oilseeds & Pulses
        3. Fruits & Vegetables
        4. Others
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Egypt Agrochemicals Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
  7. Impact of Escalating Geopolitical Tensions on Egypt Agrochemicals Market
  8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Bayer Limited Egypt LLC
    2. BASF SE
    3. Corteva Agriscience AG
    4. Kafr El Zaytat Pesticides and Chemicals
    5. Abu Qir Fertilizers and Chemicals Industries
    6. Chitosan Egypt
    7. Evergrow Fertilizers
    8. Yara International
    9. Misr Fertilizers Production Company (MOPCO)
    10. Helwan Fertilizers Co. (HFC)
    11. Other Prominent Players
  9. Key Strategic Recommendations
  10. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Egypt Agrochemicals Segmentation

Figure 2       Egypt Agrochemicals Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Egypt Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Figure 5       Egypt Agrochemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Figure 6       Egypt Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 7       Egypt Agrochemicals Market Share, By Type, By Volume (Million Metric Tons), 2019–2030

Figure 8       Egypt Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Figure 9       Egypt Agrochemicals Market Share, By Crop Type, By Volume (Million Metric Tons), 2019–2030

 

List of Tables

 

Table 1         Egypt Agrochemicals Market Size, By Value (USD Billion), 2019–2030

Table 2         Egypt Agrochemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Table 3        Egypt Agrochemicals Market Share, By Type, By Value (USD Billion), 2019–2030

Table 4         Egypt Agrochemicals Market Share, By Type, By Volume (Million Metric Tons), 2019–2030

Table 5         Egypt Agrochemicals Market Share, By Crop Type, By Value (USD Billion), 2019–2030

Table 6         Egypt Agrochemicals Market Share, By Crop Type, By Volume (Million Metric Tons), 2019–2030

Table 7        Bayer Limited Egypt LLC Company Overview

Table 8        Bayer Limited Egypt LLC Financial Overview

Table 9        BASF SE Company Overview

Table 10      BASF SE Financial Overview

Table 11      Corteva Agriscience AG Company Overview

Table 12      Corteva Agriscience AG Financial Overview

Table 13      Kafr El Zaytat Pesticides and Chemicals Company Overview

Table 14      Kafr El Zaytat Pesticides and Chemicals Financial Overview

Table 15      Abu Qir Fertilizers and Chemicals Industries Company Overview

Table 16      Abu Qir Fertilizers and Chemicals Industries Financial Overview

Table 17      Chitosan Egypt Company Overview

Table 18      Chitosan Egypt Financial Overview

Table 19      Evergrow Fertilizers Company Overview

Table 20      Evergrow Fertilizers Financial Overview

Table 21      Yara International Company Overview

Table 22      Yara International Financial Overview

Table 23      Misr Fertilizers Production Company (MOPCO) Company Overview

Table 24      Misr Fertilizers Production Company (MOPCO) Financial Overview

Table 25      Helwan Fertilizers Co. (HFC) Company Overview

Table 26      Helwan Fertilizers Co. (HFC) Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Egypt Agrochemicals Market size was estimated at USD 1.3 billion in 2023.
Ans: During the forecast period between 2024 and 2030, Egypt Agrochemicals market size is expected to grow at a CAGR of 6.10% a value of USD 2 billion by 2030.
Ans: Major factors driving the growth of Egypt Agrochemicals Market include growing need for food security and improved agricultural productivity and adoption of advanced agrochemical products.
Ans: Key players in Egypt Agrochemicals Market include Bayer Limited Egypt LLC, BASF SE, Cortiva Agriscience AG, Kafr El Zayat Pesticides and Chemicals, Abu Qir Fertilizers and Chemicals Industries, Chitosan Egypt, Evergrow Fertilizers, Yara International, Misr Fertilizers Production Company (MOPCO), and Helwan Fertilizers Co. (HFC).
Ans: The pesticides segment holds the largest market share of Egypt Agrochemicals Market by type.
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