Report Overview

Oman Agrochemicals Market - Industry Trends & Forecast Report, 2030

Oman Agrochemicals Market size was estimated to be worth USD 1.9 billion in 2023. During the forecast period between 2024 and 2030, Oman Agrochemicals Market size is projected to grow at a CAGR of 6.40%, reaching a value of USD 2.8 billion by 2030. Major growth factors for the Oman Agrochemicals Market include rising food demand due to the growing population and limited agricultural land. Farmers in Oman extensively use agrochemicals, such as fertilizers and pesticides, to boost crop yield. In addition, favorable government policies to increase the agriculture sector and the adoption of advanced farming techniques are projected to drive Oman Agrochemicals Market during the 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.

Oman Agrochemicals Market

Growth Drivers

Rising Adoption of Precision Farming

The rising adoption of precision farming is projected to boost the use of agrochemicals in Oman. Precision farming technologies, such as sensors, allow efficient use of agrochemicals. For instance, variable-rate technology (VRT) allows precise control over crop inputs, such as fertilizers and insect control. VRT can help farmers reduce fertilizer costs while increasing crop yields and quality by applying fertilizers at varying rates throughout a field based on the soil nutrient levels and crop requirements of each location. The controlled use of fertilizers and pesticides also helps reduce the risk of environmental pollution, driving the agrochemical market in the country.

Challenges

Environmental Concerns Over Excessive Use of Agrochemicals

Agrochemicals are very important in the agriculture sector to boost crop productivity. However, the excessive use of agrochemicals hurts the environment, which may limit its usage in the coming years. Agrochemicals, including fertilizers and pesticides. According to the United Nations Environment Programme, these chemicals release toxic persistent organic pollutants (POPs) that do not break down in the environment and pollute air, water, and soil. Therefore, sustainable organic practices are recommended, such as the use of natural and organic fertilizers, crop rotation, and others. These factors may hinder the growth of Oman Agrochemicals Market.

Impact of Escalating Geopolitical Tensions on Oman Agrochemicals Market

Escalating geopolitical tensions significantly impact the growth of Oman Agrochemicals Market. Oman imports a considerable portion of agrochemicals from other countries, including China, the United States, and many Gulf regions, such as the UAE and Kuwait. However, conflicts and tensions across the Middle East may disrupt the supply chain of these chemicals, leading to shortages, delays, or price hikes for these products. Geopolitical tensions often lead to volatility in the prices of raw materials. For instance, the price of petroleum-based products, which are essential in the production of certain agrochemicals, could rise due to supply disruptions. This would translate into higher costs for agrochemical manufacturers and, subsequently, for farmers as well.

Oman Agrochemicals Market

Segmental Coverage

Oman Agrochemicals Market – By Type

Based on type, Oman 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 fertilizer segment accounts for the highest market share. The International Fertilizer Association says that fertilizers are crucial in agriculture to ensure that soil has sufficient nutrients for high crop yield and to meet food security needs. The use of fertilizers also helps farmers tackle climate change, which causes soil degradation and nutritional deficiencies.

Oman Agrochemicals Market – By Crop Type

Based on crop type, Oman Agrochemicals Market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. The fruits & vegetables segment holds the largest share of Oman Agrochemicals Market by crop type. The major fruits & vegetables produced in Oman are dates, watermelon, mangoes, tomatoes, and eggplants. Fertilizers are rigorously used in fruit & vegetable farming to increase crop yield and improve quality. Oman is also a leading exporter of fruits and vegetables, with the top importing destinations being the UAE, Kuwait, and Saudi Arabia, which is also boosting the fruit & vegetable farming in the country, driving the demand for agrochemicals in the country.

Competitive Landscape

Oman Agrochemicals Market is highly competitive, as a number of companies are competing to gain a significant market share. Key players in the market include VSD Industries, Bayer Group, Syngenta, Muscat and Barka Business Trading (MBBT), Al Marooj, Oman Agri-Fertiliser Co. LLC, Kassar Group SARL, Clariant AG, and Nufarm Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Fertilizers

1. Nitrogenous

2. Phosphatic

3. Potassic

4. Others

• Pesticides

1. Insecticides

2. Herbicides

3. Fungicides

4. Nematicides

5. Others

• 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.  Oman Agrochemicals Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Demand for Food Production Due to Population Growth
         2. Government Support for Agricultural Initiatives
         3. Adoption of Modern Farming Techniques and Technologies
      2. Restraints
         1. Environmental Concerns Regarding Agrochemical Use
         2. Stringent Regulations and Policies on Chemical Usage
         3. High Costs Associated with Agrochemicals
      3. Opportunities
         1. Expanding Organic Farming Sector
         2. Innovations in Bio-based and Eco-Friendly Agrochemicals
         3. Increased Demand for Pest Control Solutions Due to Climate Change
      4. Challenges
         1. Resistance to Chemical Pesticides in Some Regions
         2. Fluctuating Prices of Raw Materials
   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. Oman Agrochemicals Market: Marketing Strategies
5. Oman 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. Cereal & Grains
         2. Oilseeds & Pulses
         3. Fruits & Vegetables
         4. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Oman 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 Oman Agrochemicals Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. VSD Industries
   2. Bayer Group
   3. Syngenta
   4. Muscat and Barka Business Trading (MBBT)
   5. Al Marooj
   6. Oman Agri-Fertiliser Co. LLC
   7. Kassar Group SARL
   8. Clariant AG
   9. Nufarm Ltd
   10. 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       Oman Agrochemicals Segmentation

Figure 2       Oman Agrochemicals Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

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

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

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

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

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

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

List of Tables

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

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

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

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

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

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

Table 7        VSD Industries Company Overview

Table 8        VSD Industries Financial Overview

Table 9        Bayer Group Company Overview

Table 10      Bayer Group Financial Overview

Table 11      Syngenta Company Overview

Table 12      Syngenta Financial Overview

Table 13      Muscat and Barka Business Trading (MBBT) Company Overview

Table 14      Muscat and Barka Business Trading (MBBT) Financial Overview

Table 15      Al Marooj Company Overview

Table 16      Al Marooj Financial Overview

Table 17      Oman Agri-Fertiliser Co. LLC Company Overview

Table 18      Oman Agri-Fertiliser Co. LLC Financial Overview

Table 19      Kassar Group SARL Company Overview

Table 20      Kassar Group SARL Financial Overview

Table 21      Clariant AG Company Overview

Table 22      Clariant AG Financial Overview

Table 21      Nufarm Ltd Company Overview

Table 22      Nufarm Ltd Financial Overview