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