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Egypt Agrochemicals Market Size (2024 - 2029)

The Egypt Agrochemicals Market is poised for growth, driven by the need to enhance agricultural efficiency in a country where land availability is limited. The agricultural sector, a vital part of the Egyptian economy, relies heavily on small farms using traditional methods that often fall short of international standards. The increasing awareness among farmers about the benefits of agrochemicals, coupled with economic improvements in the region, is expected to boost demand. Government initiatives and projects aimed at improving farm productivity and food security further support this growth trajectory. Despite the high costs of agrochemicals posing a challenge for some farmers, the potential for integrated farming practices and increased government involvement could enhance market expansion.

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Market Size of Egypt Agrochemicals Industry

Egypt Agrochemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 96.35 Million
Market Size (2029) USD 123.32 Million
CAGR (2024 - 2029) 5.06 %
Market Concentration Low

Major Players

Egypt Agrochemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Egypt Agrochemicals Market Analysis

The Egypt Agrochemicals Market size is estimated at USD 96.35 million in 2024, and is expected to reach USD 123.32 million by 2029, growing at a CAGR of 5.06% during the forecast period (2024-2029).

Agriculture is one of the prominent sectors of Egypt's economy. According to the Ministry of Planning and Economic Development, agriculture contributes 15% to the country's GDP. This agricultural land is shrinking rapidly due to growing urbanization in the country, followed by a reduction of land fertility due to rising sea levels (1.6 millimeters per annum), resulting in the salinization of the farmland, as reported by NASA Earth Observatory. Therefore, increasing the adoption of agrochemicals like fertilizers, plant growth regulators, and pesticides is expected to boost the productivity of available arable land.

The availability of land for agriculture is highly constricted in Egypt. For instance, the available arable land in the country is 4% of the total country's land, as reported by World Bank Open Data in 2021. This fertile land is also due to the Nile River that flows in the country. Thus, the need to improve efficiency through agrochemicals like fertilizers has been driving the agrochemical demand in the country. Some of the major crops in the country are wheat, beans, and fruits, which are more susceptible to pests and diseases, hence increasing the usage of pesticides.

Moreover, the country depends on imports of agrochemicals from various countries to meet its domestic demand and improve agricultural productivity. For instance, the country has imported pesticides valued at USD 228 million, of which 50% is contributed by China and India. This country's use of pesticides signifies the role of pesticides in agriculture production.

The availability of land for agriculture is highly constricted in Egypt. For instance, the available arable land in the country is 4% of the total country's land, as reported by World Bank Open Data in 2021. This fertile land is also due to the Nile R that flows in the country. Thus, the need to improve efficiency through agrochemicals has been driving the demand for agrochemicals.

Egypt Agrochemicals Industry Segmentation

Agrochemical refers to biocides (pesticides including insecticides, herbicides, fungicides, and nematicides) and synthetic fertilizers. It may also include hormones and other chemical growth agents. 

The Egyptian agrochemicals market is segmented by product type (fertilizers, pesticides, adjuvants, and plant growth regulators) and application (crop-based and non-crop-based). The report offers market size and forecast values (USD) and volume (metric tons) for all the above segments.

Product Type
Fertilizers
Pesticides
Adjuvants
Plant Growth Regulators
Type
Crop-based
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Non-crop-based
Turf and Ornamental Grass
Other Non-crop-based
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Egypt Agrochemicals Market Size Summary

The Egyptian agrochemicals market is poised for growth, driven by the critical role of agriculture in the national economy and the increasing demand for modern agricultural inputs. Agriculture contributes significantly to Egypt's GDP and employment, particularly in Upper Egypt, where a substantial portion of the workforce is engaged in this sector. However, the agricultural landscape is characterized by small farms employing traditional practices, which often fall short of international standards. The limited availability of arable land, coupled with a growing population and rising food demand, underscores the necessity for agrochemicals to enhance agricultural productivity. Despite the high cost of these inputs, there is a growing awareness among farmers about their importance, especially as economic conditions improve in some African regions. Government initiatives and international collaborations aim to boost farm productivity and food security, further propelling the demand for agrochemicals.

The market is fragmented, with significant contributions from foreign players such as Bayer Crop Science, BASF SE, and Corteva Agriscience, who are actively investing in research and development to introduce innovative products. The demand for pesticides, a major component of agrochemicals, is largely met through imports, with China, Germany, Spain, and France being key suppliers. Efforts to promote sustainable farming practices, such as the disposal of hazardous pesticides and the introduction of biopesticides, are underway, although biopesticides remain underutilized. The ongoing expansion of production capacities, particularly for nitrogen fertilizers, and the adoption of integrated farming practices are expected to further stimulate market growth. As Egypt continues to navigate challenges like pest infestations and inadequate infrastructure, the strategic use of agrochemicals is seen as a vital solution to improve crop yields and meet the demands of a burgeoning population.

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Egypt Agrochemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Decreasing Arable Land and Need for Increased Crop Productivity

      2. 1.2.2 Increasing Use of Pesticides Due to Rising Pest Infestation

      3. 1.2.3 Government Initiatives are Boosting Agrochemicals Market

    3. 1.3 Market Restraints

      1. 1.3.1 Restriction or Ban on Usage of Hazardous Agrochemicals

      2. 1.3.2 Environmental Degradation Due to Usage of Agrochemicals

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Fertilizers

      2. 2.1.2 Pesticides

      3. 2.1.3 Adjuvants

      4. 2.1.4 Plant Growth Regulators

    2. 2.2 Type

      1. 2.2.1 Crop-based

        1. 2.2.1.1 Grains and Cereals

        2. 2.2.1.2 Pulses and Oilseeds

        3. 2.2.1.3 Fruits and Vegetables

      2. 2.2.2 Non-crop-based

        1. 2.2.2.1 Turf and Ornamental Grass

        2. 2.2.2.2 Other Non-crop-based

Egypt Agrochemicals Market Size FAQs

The Egypt Agrochemicals Market size is expected to reach USD 96.35 million in 2024 and grow at a CAGR of 5.06% to reach USD 123.32 million by 2029.

In 2024, the Egypt Agrochemicals Market size is expected to reach USD 96.35 million.

Egypt Agrochemicals Market Report Snapshots

Egypt Agrochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)