Report Overview

Saudi Arabia Agrochemicals and Pesticide Market – Industry Trends & Forecast Report, 2029

Saudi Arabia agrochemicals and pesticide market size was estimated at USD 174.74 million in 2022. During the forecast period between 2023 and 2029, the size of Saudi Arabia agrochemicals and pesticide market is projected to grow at a CAGR of 5.98% reaching a value of USD 266.4 million by 2029. The major factor driving the growth of Saudi Arabia agrochemicals and pesticide market is a growing emphasis on sustainable and eco-friendly agricultural practices, leading to an increased demand for bio-based and organic pesticides. This shift is driven by a greater awareness of environmental concerns and the need for safer food production methods. Also, there is a rising focus on integrated pest management strategies, which involve the use of multiple approaches to control pests effectively. Technological advancements and digitalization have also played a crucial role, enabling farmers to adopt precision agriculture techniques and optimize pesticide usage. The government's initiatives to boost domestic agriculture and reduce dependency on imports have positively impacted the market, driving innovation and investment in the sector.

Saudi Arabia Agrochemicals and Pesticide Market - Overview

Agriculture and pesticides are intertwined as pesticides play a significant role in modern agricultural practices. Pesticides are chemical substances used to control or eliminate pests that can damage crops, leading to lower yields and economic losses. They help farmers manage pests such as insects, weeds, and diseases, safeguarding agricultural productivity. However, the use of pesticides raises concerns regarding potential adverse effects on human health, the environment, and non-target organisms. Thus, there has been a growing emphasis on integrated pest management (IPM) strategies that aim to minimize pesticide usage through the integration of various techniques, such as biological control, crop rotation, and cultural practices, to achieve sustainable agriculture while reducing pesticide-related risks.

Growth Drivers

Expanding Agricultural Sector

Saudi Arabia's agrochemicals and pesticide market is experiencing significant growth, driven by the expansion of the country's agricultural sector. With a focus on achieving food security and reducing dependence on imports, the Saudi government has implemented comprehensive initiatives to enhance domestic agricultural production. This includes investing in modern farming techniques, advanced irrigation systems, and research and development in crop protection. The increased adoption of agrochemicals and pesticides by farmers to enhance crop yields, protect against pests and diseases, and ensure higher-quality produce has created a thriving market. Further, the rising awareness among farmers regarding the benefits of agrochemicals is propelling the market growth, making Saudi Arabia a hotspot for agrochemical manufacturers and suppliers.

Restraints

Sustainable Agricultural Practices

In Saudi Arabia's agrochemicals and pesticide market, a significant restraint for growth emerges in the form of increasing emphasis on sustainable agricultural practices. With growing environmental concerns and the need for sustainable food production, farmers and policymakers are actively seeking alternatives to chemical-intensive solutions. This shift toward eco-friendly and organic farming methods limits the demand for conventional agrochemicals and pesticides. Government initiatives promoting sustainable agriculture, coupled with consumer awareness about the adverse effects of chemical inputs, contribute to a restrained growth trajectory for the agrochemicals and pesticide market in Saudi Arabia. Market players are now adapting their strategies to cater to the evolving demand for safer and more sustainable farming solutions.

Impact of COVID-19 on Saudi Arabia Agrochemicals and Pesticide Market

The COVID-19 pandemic significantly impacted Saudi Arabia agrochemicals and pesticide market. The lockdown measures and disruptions in global supply chains led to challenges in the procurement and distribution of agrochemicals and pesticides. The reduced workforce and restrictions on movement affected agricultural activities, leading to a decline in demand for these products. However, with the gradual easing of restrictions, the market has shown signs of recovery as farmers seek to protect their crops and boost agricultural productivity. The pandemic has also underscored the importance of sustainable and efficient agricultural practices, driving the adoption of innovative agrochemical and pesticide solutions in Saudi Arabia.

Saudi Arabia Agrochemicals and Pesticide Market

Segmental Coverage

Saudi Arabia Agrochemicals and Pesticide Market – By Type

On the basis of type, Saudi Arabia agrochemicals and pesticide market is divided into Fertilizers, Insecticides, Fungicides, Herbicides, and Pesticides segments. The fertilizers segment is the largest type in the Saudi Arabia agrochemicals and pesticide market. Fertilizers play a crucial role in enhancing crop productivity by providing essential nutrients to the plants. In Saudi Arabia, where agricultural practices face challenges due to arid climate conditions, the demand for fertilizers is high to improve soil fertility and support crop growth. Fertilizers are used extensively in various agricultural activities, such as crop cultivation and horticulture, making it the largest segment in the agrochemicals and pesticide market. The focus on sustainable agriculture and the need to maximize agricultural output contributes to the significant growth of the fertilizer segment in Saudi Arabia.

Saudi Arabia Agrochemicals and Pesticide Market – By Crop Type

Based on crop type, Saudi Arabia agrochemicals and pesticide market is divided into Cereals, Vegetables, Fruits, and Forage Crops segments. The cereals segment is the largest contributor to the growth of Saudi Arabia agrochemicals and pesticide market. Cereals include various crops, such as wheat, barley, corn, and rice, which are staple food sources for the population. Saudi Arabia has been focusing on enhancing its domestic food production, and cereals play a vital role in achieving food security goals. The country has implemented initiatives to increase cereal cultivation and improve crop yields through the use of agrochemicals and pesticides. Consequently, the demand for agrochemicals and pesticides in the cereals segment is significant, making it the largest segment in the Saudi Arabia market.

Saudi Arabia Agrochemicals and Pesticide Market – By Province

On the basis of province, Saudi Arabia agrochemicals and pesticide market is divided into AL-Jouf, Jizan, Makkah, and Najran segments. Makkah is the largest region in the market, as it is a prominent region known for its agricultural activities and the demand for agrochemicals and pesticides. The fertile lands and favorable climatic conditions in Makkah make it a thriving hub for agricultural production. Farmers in Makkah heavily rely on agrochemicals and pesticides to enhance crop yields and protect their harvests from pests and diseases. Due to its size and significance in agricultural practices, the Makkah segment holds a prominent position in the overall agrochemicals and pesticide market of Saudi Arabia.

Competitive Landscape

Major players in the Saudi Arabia agrochemicals and pesticide market include BASF SE, Bayer AG, Saudi Delta Company Inc, Astra, The Arab Pesticides and Veterinary Drugs Mfg. Co (Mobedco), Saudi United Fertilizer Co, Alahmari Group, Montajat Veterinary Pharmaceuticals Co., Ltd., Syngenta PPM Saudi Arabia, Al Rowad Chemical Factory Company, Saudi United Fertilizer Co. (Al-Asmida), and Alahmari Group. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• BASF SE launched Fendona 6 SC, for killing mosquitoes, flies, cockroaches, bed bugs, and ants.

• Bayer Environmental Science introduced Starycide SC 480, for killing larvae of flies, cockroaches, and German cockroaches.

Scope of the Report

By Type

• • • • Fertilizers

      • Insecticides

      • Fungicides

      • Herbicides

      • Pesticides

By Crop Type

• • • • Cereals

      • Vegetables

      • Fruits

      • Forage Crops

      • Others

By Province

• • • • AL-Jouf

      • Jizan

      • Makkah

      • Najran

      • Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Agrochemicals and Pesticides Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Demand for Organic Pesticides
         2. Growing population and increasing food demand
      2. Restraints
         1. Limited water availability affects the cultivation of crops
         2. Environmental concerns
      3. Opportunity
         1. Adoption of IPM practices presents an opportunity for sustainable pest management
         2. Growing demand for organic food products in Saudi Arabia
      4. Challenges
         1. Limited domestic production
         2. Climate and soil conditions
   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. Saudi Arabia Agrochemicals and Pesticides Market Overview
   1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Fertilizers
         2. Insecticides
         3. Fungicides
         4. Herbicides
         5. Pesticides
      2. By Crop Type
         1. Cereals
         2. Vegetables
         3. Fruits
         4. Forage Crops
         5. Others
      3. By Province
         1. AL-Jouf
         2. Jizan
         3. Makkah
         4. Najran
         5. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Saudi Arabia Agrochemicals and Pesticides Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Saudi Arabia Agrochemicals and Pesticides Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook and SWOT Analysis)
   1. BASF SE
   2. Bayer AG
   3. Saudi Delta Company Inc
   4. Astra
   5. The Arab Pesticides and Veterinary Drugs Mfg. Co (Mobedco)
   6. Saudi United Fertilizer Co
   7. Alahmari Group
   8. Montajat Veterinary Pharmaceuticals Co., Ltd.
   9. Syngenta PPM Saudi Arabia
   10. Al Rowad Chemical Factory Company
   11. Saudi United Fertilizer Co. (Al-Asmida)
   12. Alahmari Group
   13. Other prominent players
8. Key Strategic Recommendations
9. 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, By Region
   5. Assumptions & Limitations

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

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

List of Figures

Figure 1 Saudi Arabia Agrochemicals and Pesticides Market Segmentation

Figure 2 Saudi Arabia Agrochemicals and Pesticides Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2022

Figure 4 Saudi Arabia Agrochemicals and Pesticides Market Size, By Value (USD Billion), 2019−2029

Figure 5 Saudi Arabia Agrochemicals and Pesticides Market Share, By Type, By Value, 2019−2029

Figure 6 Saudi Arabia Agrochemicals and Pesticides Market Share, By Crop Type, By Value, 2019−2029

Figure 7 Saudi Arabia Agrochemicals and Pesticides Market Share, By Province, By Value, 2019−2029

List of Tables

Table 1      Saudi Arabia Agrochemicals and Pesticides Market Size, By Type, By Value, 2019−2029

Table 2      Saudi Arabia Agrochemicals and Pesticides Market Size, By End-user, By Value, 2019−2029

Table 3      Saudi Arabia Agrochemicals and Pesticides Market Size, By Province, By Value, 2019−2029

Table 4      BASF SE Company Overview

Table 5      BASF SE Financial Overview

Table 6      Bayer AG Company Overview

Table 7      Bayer AG Financial Overview

Table 8      Saudi Delta Company Inc Company Overview

Table 9      Saudi Delta Company Inc Financial Overview

Table 10    Astra Company Overview

Table 11    Astra Financial Overview

Table 12    The Arab Pesticides and Veterinary Drugs Mfg. Co (Mobedco) Company Overview

Table 13    The Arab Pesticides and Veterinary Drugs Mfg. Co (Mobedco) Financial Overview

Table 14    Saudi United Fertilizer Co Company Overview

Table 15    Saudi United Fertilizer Co Financial Overview

Table 16    Alahmari Group Company Overview

Table 17    Alahmari Group Financial Overview

Table 18    Montajat Veterinary Pharmaceuticals Co., Ltd. Company Overview

Table 19    Montajat Veterinary Pharmaceuticals Co., Ltd. Financial Overview

Table 20    Syngenta PPM Saudi Arabia Company Overview

Table 21    Syngenta PPM Saudi Arabia Financial Overview

Table 22    Al Rowad Chemical Factory Company Overview

Table 23    Al Rowad Chemical Factory Company Financial Overview

Table 24    Saudi United Fertilizer Co. (Al-Asmida) Company Overview

Table 25    Saudi United Fertilizer Co. (Al-Asmida) Financial Overview

Table 26    Alahmari Group Company Overview

Table 27    Alahmari Group Financial Overview