Egypt Pesticides Market By Type (Herbicides, Insecticides, Fungicides, Others), By Form ( Liquid vs Dry ), By Product Type ( Chemical vs Organic ), By Crop Type (Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, Others),By Source (Domestic vs Import), By Region, Competition, Forecast & Opportunities, 2018-2028F
Published Date: July - 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 Pesticides Market By Type (Herbicides, Insecticides, Fungicides, Others), By Form ( Liquid vs Dry ), By Product Type ( Chemical vs Organic ), By Crop Type (Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, Others),By Source (Domestic vs Import), By Region, Competition, Forecast & Opportunities, 2018-2028F
Revenue in the food segment is projected to reach USD 253.30m in 2023.
Pesticides are chemicals or biological agents that are used to kill or control pests such as insects, weeds, rodents, and fungi that can harm crops, animals, and humans. Pesticides are widely used in agriculture to increase crop yields, protect food and fiber, and reduce losses caused by pests. However, they also have potential risks to human health and the environment.
Egypt pesticides market is a significant part of the country's agriculture industry. Egypt is one of the largest producers of agricultural products in Africa, and pesticides are essential tools for protecting crops and increasing yields.
Egyptian pesticides market is an important part of the country's agriculture industry, with significant growth potential. The market is highly competitive, with many local and international players operating in the market. However, the market is also facing challenges, such as environmental and health concerns associated with pesticide use. To capitalize on the growth opportunities in the market, players must focus on research and development, sustainable agriculture practices, and expand into other African markets.
Download Free Sample Report Increasing Demand for Food Products are Driving Market Growth
With a growing population and limited arable land, Egypt faces significant challenges in meeting the food needs of its citizens. Pesticides play a critical role in protecting crops from pests and diseases, allowing farmers to increase yields and meet the growing demand for food. In addition to the increasing demand for food, the need for higher crop yields is another driver of the Egyptian pesticides market. Pesticides help farmers to control weeds, pests, and diseases, which can significantly reduce crop yields. By using pesticides, farmers can protect their crops and maximize yields, improving their economic well-being.
The Egyptian government has implemented several policies to support the agriculture sector, which is another driver of the pesticides market. The government provides subsidies for inputs, such as pesticides and fertilizers, to help farmers manage their costs. The government has also invested in infrastructure, such as irrigation systems and storage facilities, to improve the productivity of the agriculture sector.
Technological Advancement in the Industry is Driving Market Growth
Technological advancements in the pesticides industry are driving growth in the Egyptian pesticides market. New products, such as biopesticides, which are derived from natural materials, are gaining popularity due to their lower environmental impact and perceived health benefits. In addition, digital technologies, such as precision agriculture and drones, are improving the efficiency and effectiveness of pesticide application, reducing waste and increasing yields.
Egypt is well-positioned to serve as a hub for the distribution of pesticides to other African countries, which is another driver of growth in the market. As the demand for food and agricultural inputs increases across the continent, the Egyptian pesticides market can leverage its existing infrastructure and expertise to expand into other African markets, increasing its revenue and market share.
There is growing demand for sustainable agriculture practices, such as integrated pest management (IPM) and organic farming, which is driving growth in the Egyptian pesticides market. IPM is a holistic approach to pest management that combines various methods, including pesticides, to reduce the impact on the environment and human health. Organic farming, which prohibits the use of synthetic pesticides, is gaining popularity among consumers who value environmental sustainability and health benefits.
Major Challenges Faced by Pesticides Market
The regulatory environment in Egypt can be challenging for pesticide manufacturers and importers. The Ministry of Agriculture is responsible for regulating the registration and approval of pesticides, which can be a time-consuming and complicated process. In addition, the government has imposed restrictions on the use of some pesticides, which can limit the range of products found at to farmers.
Another challenge facing the Egyptian pesticide market is the limited awareness of the benefits of pesticides among farmers. Many small-scale farmers are not aware of the importance of using pesticides to protect their crops from pests and diseases, which can lead to lower yields and economic losses. The lack of awareness can also lead to the misuse of pesticides, which can have adverse environmental and health impacts.
Egypt is heavily dependent on imports for pesticides, which can be costly and subject to supply chain disruptions. The high cost of importing pesticides can limit access for small-scale farmers, who may not be able to afford the products. In addition, supply chain disruptions, such as those caused by the COVID-19 pandemic, can lead to shortages and price increases.
There is growing concern among consumers and regulators about the environmental impact of pesticides. Pesticides can have adverse effects on soil, water, and wildlife, and their use can contribute to the development of pesticide-resistant pests. As a result, there is increasing pressure on the industry to develop and promote sustainable agriculture practices that reduce the reliance on synthetic pesticides.
Recent Trends and Developments
- In 2020, the
Egyptian government introduced new regulations governing the registration and
approval of pesticides. The regulations aim to streamline the registration
process, reduce the time required for approvals, and improve the quality of
pesticides available in the market. The regulations also place greater emphasis
on sustainable agriculture practices, including the use of biopesticides and
organic farming methods.
- In recent years,
there has been a growing interest in biopesticides in Egypt. Biopesticides are
derived from natural materials and are considered more environment-friendly
than traditional pesticides. The use of biopesticides has been encouraged by
the Egyptian government, which has introduced subsidies for farmers who adopt
sustainable agriculture practices. In addition, several companies have entered
the market offering biopesticides, reflecting growing demand for these
products.
- Several companies
in the Egyptian pesticides market have invested in research and development to
develop new and innovative products. For example, Adama Agricultural Solutions,
a leading player in the market, has invested in a new research and development
facility in Egypt. The facility aims to develop new formulations and active ingredients
for pesticides that are tailored to the needs of Egyptian farmers.
- There has been a
growing awareness among consumers and farmers of the need for sustainable
agriculture practices in Egypt. This has led to an increase in demand for
organic and sustainably produced food products, which has created opportunities
for companies producing biopesticides and other sustainable agriculture inputs.
In addition, the government has introduced subsidies for farmers who adopt sustainable
agriculture practices, further encouraging the adoption of these practices.
Market Segmentation
Egypt Pesticides market
Market Players
ADAMA Agricultural Solutions Egypt, El-Nasr Company for Intermediate Chemicals (NCIC), Agro Trade Egypt, Chemipharm, Chemtura Egypt , Cleopatra Agrochemicals, Delta Chemicals, Global Chemicals Industries, Hay El Maadi Chemical Industries (HOMCI), and Master Chemicals
|
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 |
Type Form Product type Crop type Source |
|
Regional
scope |
Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt |
|
Key companies
profiled |
ADAMA Agricultural Solutions Egypt, El-Nasr Company for Intermediate Chemicals
(NCIC), Agro Trade Egypt, Chemipharm, Chemtura Egypt , Cleopatra
Agrochemicals, Delta Chemicals, Global Chemicals Industries, Hay El Maadi
Chemical Industries (HOMCI), Master Chemicals |
|
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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