Oct 26, 2022   SOURCE: BusinessWire

Saudi Arabia $445 Mn Pesticides (Insecticides, Fungicides, Herbicides, Bactericides) Markets, Analysis, Forecasts & Opportunities, 2017-2022 & 2023-2027 - ResearchAndMarkets.com

The "Saudi Arabia Pesticides Market, By Type (Insecticides, Fungicides, Herbicides, Others {Bactericides, etc.}), By Form (Liquid v/s Dry), By Product Type (Chemical v/s Organic), By Crop Type, By Source, By Region, By Company, Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabian Pesticides Market was valued at USD325.11 million in 2021 and is anticipated to grow at a CAGR of 5.42% to reach USD445 million by 2027

Growing food requirements, adoption of sustainable agriculture practices, and increasing agriculture expenditure by government and market players are the primary factors driving the demand of the Saudi Arabian Pesticides Market for the next five years.

The constant population rise and unfavorable climatic conditions in the country fuel the adoption of modern agriculture practices and solutions by farmers to boost productivity from agriculture fields. Also, the limited availability of fertile land in the country increases the pressure to cultivate more on available lands by limiting the damage to crops.

Farmers are actively adopting intensive farming techniques to fuel the productivity per hectare. The support from the government in the form of initiatives like Saudi Vision 2030, which supports sustainable agriculture farming, is expected to bolster the demand of the Saudi Arabian Pesticides Market. These techniques help the farmers meet the demands of the growing population and prevent food shortages in the country.

Market players are making high-end investments in research and development activities to find innovative environment-friendly alternatives and nano-pesticides in place of conventional pesticides, which is expected to create numerous opportunities for the Saudi Arabian Pesticides Market in the forecast period.

Based on type, the market is divided into herbicides, insecticides, fungicides, and others. Insecticides are leading the market by holding the largest market share of 35.08% in 2021 and are expected to maintain their dominance throughout the forecast period.

Ongoing advancement in farming practices & techniques and rise in crop losses due to insect infestation are driving the demand for insecticides throughout the forecast period.

Objective of the Study:

  • To analyze the historical growth in the market size of the Saudi Arabian Pesticides Market from 2017 to 2021.
  • To estimate and forecast the market size of the Saudi Arabian Pesticides Market from 2022 to 2027 and growth rate until 2027.
  • To classify and forecast the Saudi Arabian Pesticides Market based on type, form, product type, crop type, source, company, and regional distribution.
  • To identify dominant region or segment in the Saudi Arabian Pesticides Market.
  • To identify drivers and challenges for the Saudi Arabian Pesticides Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabian Pesticides Market.
  • To identify and analyze the profile of leading players operating in the Saudi Arabian Pesticides Market.
  • To identify key sustainable strategies adopted by the market players in the Saudi Arabian Pesticides Market.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabian Pesticides Market.

  • BASF Saudi Arabia Co. Ltd.
  • Bayer Crop Science Saudi Arabia
  • Astrachem Fertilizers Saudi Arabia
  • Saudi Delta Company, Inc.
  • The Arab Pesticides and Veterinary Drugs Mfg. Co (Mobedco)
  • Montajat Veterinary Pharmaceuticals Co., Ltd.
  • Saudi United Fertilizer Co. (Al-Asmida)
  • Alahmari Group
  • Syngenta PPM Saudi Arabia
  • Al Rowad Chemical Factory Company

Report Scope:

Years considered for this report:

  • Historical Years: 2017-2020
  • Base Year: 2021
  • Estimated Year: 2022
  • Forecast Period: 2023-2027

Saudi Arabia Pesticides Market, By Type:

  • Insecticides
  • Fungicides
  • Herbicides
  • Others

Saudi Arabia Pesticides Market, By Form:

  • Liquid
  • Dry

Saudi Arabia Pesticides Market, By Product Type:

  • Chemical
  • Organic

Saudi Arabia Pesticides Market, By Crop Type:

  • Oilseeds & Pulses
  • Grains & Cereals
  • Fruits & Vegetables
  • Others

Saudi Arabia Pesticides Market, By Source:

  • Import
  • Domestic

Saudi Arabia Pesticides Market, By Region:

  • Northern & Central
  • Eastern
  • Southern
  • Western

For more information about this report visit https://www.researchandmarkets.com/r/d1wueh