The increasing pest attack and the growing population of Saudi Arabia are driving the growth in Saudi Arabia’s Pesticides market in the forecast period, 2023-2027. According to TechSci Research report, “Saudi Arabia Pesticides Market– By Region, Competition, Forecast & Opportunities, 2017-2027F”, The Saudi Arabia Pesticides market stood at USD325.11 million in 2021 and is expected to grow at a steady CAGR of 5.42% during the forecast period on account of increasing pest attack and growing population of Saudi Arabia.
The Important Elements of Saudi Arabia’s Pesticides Market
According to the United Nations, Saudi Arabia’s population was 35.34 million in 2021. This represents a 1.59% increase over the 34.81 million projected for 2020. The country’s increasing population will fuel the demand for food in the country, which will increase the demand for large and healthy produce on farmlands and a high crop yield, and this can only be achieved by controlling crop damage, thereby fueling the need for pesticides. Therefore, demand for pesticides is expected to increase in Saudi Arabia, thereby propelling growth in the pesticide market accordingly through the forecast period. Apart from that, it has been also observed that the attack of pests on major crops such as rice, wheat, and pulses has increased compared to the past few years in Saudi Arabia. Thus, the issue of increasing pest attacks is expected to drive the demand for pesticides in the country in the coming years.
The introduction of Nano pesticides in the Saudi pesticides market and the Growing Hydroponic Farming technique in Saudi Arabia will also fuel the market of pesticides in Saudi Arabia in the coming years.
The regulatory framework is quite strict when it comes to pesticides. All guidelines and quality standards need to be considered during the manufacturing of pesticides. The stringent regulatory scenario and policies for pesticides in Saudi Arabia are expected to hamper the market’s growth significantly. The high cost of pesticides leads to affordability constraints in Saudi Arabia which is further expected to restrict and slow down the growth of the pesticide market in Saudi Arabia.
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The Saudi Arabia’s Pesticides market is segmented based on type, form, product type, crop type, source, company, and regional distribution. In terms of type, the market can be divided into Herbicides, Insecticides, Fungicides, and Others. The Insecticides segment dominated the market in 2021 with a share of around 35.08% because of these types of pesticides are used to kill all types of insects or pests which can damage crops. Based on form, the market is divided into Liquid and Dry. The liquid form of pesticide dominates the market of Saudi Arabia. In terms of product type, the market can be categorized into Chemical and Organic. The Chemical product type is expected to dominate the market during the forecast period as chemical product types are used to produce more yields as compared to organic in a shorter period. In terms of crop type, the market is divided into Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, and Others. Oilseeds & Pulses dominates the market of crop type in 2021 in Saudi Arabia on account that Saudi Arabia’s agricultural land is suitable to grow all types of oilseeds and pulses. Based on source, the market is segmented into Domestic and Import. The import segment dominates the market of Pesticides in Saudi Arabia because most of the pesticides in Saudi Arabia are imported from different countries as there are fewer manufacturing units of pesticides in Saudi Arabia.
Key market players in the Saudi Arabia Pesticides market include :
- 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
Saudi Arabia Pesticides market is consolidated with a lot of well-established players having a presence in several countries with several domestic players possessing leadership in certain regions of Saudi Arabia. BASF Saudi Arabia Co. Ltd holds the highest market share and is among the top five market players in Saudi Arabia. Bayer Crop Science Saudi Arabia ranks second in terms of market share in the overall Pesticide market. The company has a strong presence worldwide and a huge brand value. People in emerging countries are also aware of the presence, product portfolio, and business of the company and are preferring it over other competitor brands.
Additionally, there are other prominent players such as Astrachem Fertilizers Saudi Arabia, Saudi Delta Company, Inc, The Arab Pesticides, and Veterinary Drugs Mfg. Co (Mobedco), among others, holds a significant position in the Saudi Arabia Pesticides market.
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“The Northern & Central region of Saudi Arabia is the dominating region in the market. This can be attributed to the large and growing population in the region and increasing pest attacks in that region of Saudi Arabia. “For instance, the Saudi Arabian Ministry of Environment, Water, and Agriculture declared the discovery of the fall armyworm in maize plants for the first time on October 27, 2021. The Ministry took phytosanitary measures, such as destroying infested maize crops, setting up traps around the infested areas, and spraying nearby crops with pesticides.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
“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 (Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, Others {Cotton, etc.}), By Source (Import v/s Domestic), By Region, By Company, Forecast & Opportunities, 2017-2027”, has evaluated the future growth potential of Saudi Arabia Pesticides Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Pesticides market.
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