Egypt Fertilizers Market By Form (Dry, Liquid), By Application (Agriculture, Horticulture, Gardening), By Crop Type (Field Crops, Horticultural Crops, Turf, Ornamental) By Region, Competition, Forecast & Opportunities, 2028
Published Date: May - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEgypt Fertilizers Market By Form (Dry, Liquid), By Application (Agriculture, Horticulture, Gardening), By Crop Type (Field Crops, Horticultural Crops, Turf, Ornamental) By Region, Competition, Forecast & Opportunities, 2028
Fertilizers are added to the soil to enhance plant growth and improve crop yield. They provide essential nutrients to plants for their survival and healthy growth. The use of fertilizers is a common practice in agriculture and horticulture to increase crop yield and ensure food security. Organic fertilizers are slow-release, which means that they release nutrients slowly over a longer period. They are also rich in organic matter, which improves soil structure and fertility. Some examples of organic fertilizers include bone meal, blood meal, fish emulsion, and manure.
Fertilizers play a crucial role in agriculture and horticulture by providing essential nutrients to plants. They increase crop yield and quality, making them an essential tool for food security. Fertilizers also improve soil fertility and structure by adding organic matter to the soil. Organic matter helps retain water, improve soil structure, and increase microbial activities, which is crucial for the healthy growth of plants.
Moreover, fertilizers help prevent nutrient deficiencies in plants. Nutrient deficiencies can lead to stunted growth, poor yield, and lower-quality crops. By providing essential nutrients, fertilizers ensure that plants have everything they need to grow and thrive.
While fertilizers have many benefits, they can also have negative impacts on the environment. Overuse of fertilizers can lead to soil and water pollution. Nitrogen and phosphorus from fertilizers can leach into groundwater and surface water, causing eutrophication. Eutrophication is a process where excessive nutrients in water cause an increase in algae and other aquatic plant growth, leading to oxygen depletion and the death of fish and other aquatic organisms.
In 2022, wheat consumption in Egypt amounted to 19.75 million metric tonnes.
The Egypt fertilizers market has experienced significant growth in recent years, thanks to an expanding population and a consequent rise in the demand for food. The market offers a wide range of products, including nitrogen, phosphorus, and potassium fertilizers. The most common types of fertilizers used in the country are urea, ammonium nitrate, and phosphate fertilizers.
Growing Government Support and Increasing Population Driving Market
The Egyptian population is growing rapidly, with estimates suggesting that it could reach 151 million by 2050. As the population grows, so does the demand for food. To meet this demand, farmers need to increase their agricultural production. Fertilizers play a critical role in this process, as they help increase crop yields, which, in turn, help in meeting the augmenting demand for food.
One of the most significant driving forces behind the growth of the Egypt fertilizers market is the government's support for the agriculture sector. The government has implemented several initiatives to support farmers and encourage the use of fertilizers, including subsidies for fertilizers and other inputs. These subsidies help to reduce the cost of fertilizers, making them more affordable for farmers, and encourage increased use of fertilizers in agriculture. Additionally, the government's "One Million Feddan" project aims to cultivate one million acres of land and increase agricultural production, further supporting the fertilizers market.
Technological Advancements to Aid Demand for Fertilizers
The fertilizers market in Egypt has seen significant technological advancements in recent years. New fertilizers are being developed that are more efficient and environmentally friendly. These new products can help increase crop yields while reducing the impact of cultivation on the environment. Additionally, advancements in precision agriculture have made it possible to apply fertilizers more precisely, reducing waste, and improving the efficiency of fertilizer use.
Another factor that is driving the growth of the Egypt fertilizers market is urbanization. However, the amount of land found at for agriculture decreases, making it more challenging to meet this demand. Fertilizers help in increasing crop yields, making it possible to produce more food on less land. This heightened productivity is essential in urban areas with limited access to arable lands.
With abundant sunshine and water resources, Egypt has a favorable climate for agriculture. The Nile River provides water for irrigation, and the country has a long history of agriculture, dating back thousands of years. This favorable climate has made it possible to produce a wide range of crops, from fruits and vegetables to cereals and cotton. Fertilizers help improve the quality of the soil, making it possible to grow crops in areas that may not have been suitable for agriculture in the past.
Key Challenges for Egypt Fertilizers Market
The cost of production is a significant challenge faced by the Egypt fertilizers market. The cost of raw materials, such as natural gas, phosphates, and sulfur, which are used in the production of fertilizers, has been increasing in recent years. This has resulted in higher production costs, which can make fertilizers more expensive for farmers and reduce demand.
Egypt is highly dependent on imports for many of its fertilizers. The country relies on imports to meet more than half of its fertilizer needs. This dependence on imports can make the market vulnerable to fluctuations in global prices, transportation costs, and currency exchange rates. Any disruption in the supply chain can lead to shortages, which can lead to higher prices and reduced demand.
Egypt faces stiff competition from other countries in the global fertilizers market. Other countries, such as China and India, have significant production capacities and can produce fertilizers at lower costs. This competition can make it challenging for Egyptian producers to compete on price, which can limit their ability to expand their market share over the next few years.
Egypt's infrastructure, including ports and transportation systems, can also pose a challenge to its fertilizers market in the near future. Inadequate infrastructure can lead to delays in transportation, which can lead to a loss of quality and quantity of fertilizers. Additionally, inadequate storage facilities can lead to spoilage and waste.
As the world becomes increasingly aware of the impact of human activities on the environment, there is growing concern among consumers about the environmental impact of fertilizers. Overuse of fertilizers can lead to soil and water pollution, which can have long-term environmental impacts. The Government of Egypt has implemented regulations to reduce the environmental impact of fertilizers, but compliance can be challenging and costly for producers.
Recent Trends and Developments
In the past three years, there has been a significant expansion of production capacity in the Egypt fertilizers market. Major producers in the country, including Abu Qir Fertilizers, Helwan Fertilizers, and Misr Fertilizers Production Company (MOPCO), have announced plans to increase their production capacities. This expansion has been driven by increasing demand for fertilizers in the country and the government's efforts to increase agricultural productivity.
Egyptian fertilizer producers have also been investing in new technologies to improve the efficiency of their production processes. For example, MOPCO has invested in a new ammonia plant that uses natural gas as a feedstock, which is expected to reduce the company's production costs in the years to come. On the other hand, Abu Qir Fertilizers has invested in a new urea granulation plant to improve the quality of its products.
These producers have also been focusing on developing export markets to increase their revenues. The country's strategic location and access to major shipping routes make it an ideal location for exporting fertilizers to other countries in the region and beyond. Major producers in the country have been expanding their export capabilities and targeting new markets, including Africa, Europe, and Asia.
Market Segmentation
The Egypt fertilizers market
Market Players
El-Nasr Company for Intermediate Chemicals, Abu Qir Fertilizers and Chemical Industries Company, Egyptian Chemical Industries, Alexandria Fertilizers Company
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report Coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
Form Application Crop type |
|
Regional
scope |
Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt |
|
Key companies
profiled |
El-Nasr
Company for Intermediate Chemicals, Abu Qir Fertilizers and Chemical
Industries Company, Egyptian Chemical Industries, Alexandria Fertilizers
Company, Helwan Fertilizers Company, Misr Fertilizers Production Company, Aswan
Fertilizer and Chemicals Company, Elixir Group, Suez Fertilizer Company, TCI
Sanmar Chemicals S.A.E. |
|
Customization
scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and
purchase options |
Avail customized
purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel
through Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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