The Middle-East and African agricultural pesticide market size is expected to reach USD 5.68 billion in 2024 and is anticipated to reach USD 138.20 billion by 2029, estimated to grow at a CAGR of 3.02% from 2024 to 2029.
Pesticides are chemicals intended for controlling, preventing, and destroying any pest, including vectors of human or animal disease, unwanted species of plants or animals, causing harm during or interfering with the processing, storage, production, and transport of food, agricultural commodities, wood products, or animal feedstuffs. The most common pesticide is herbicide, which accounts for 80% of all pesticide use. These are intended to serve as crop protection products against weeds, fungi, insects or bacteria.
A pesticide is a chemical or biological agent such as a bacterium, virus, antimicrobial or disinfectant that deters the incapacitates, kills, or otherwise discourages pests. Target pests can include plant pathogens, microbes, weeds, insects, molluscs, birds, mammals, fish and roundworms that destroy farms, which causes nuisance or spread diseases. Despite its advantages, it has some drawbacks, such as toxicity to humans and other species.
Growing population and declining arable land to feed the resultant population, increasing pest concerns, innovation in spraying equipment, rising demand for industrial feedstock crops and the use of more sophisticated farming techniques, resistant pest populations and environmental concerns, growing production of rapeseed, cereal crops, oilseeds and sugarcane along with improved farming techniques are driving the growth of the Middle-East and Africa Agricultural Pesticide Market. However, development of safe alternatives such as bio-farming and organic pesticides and limited number of skilled professionals are hampering the growth of the market.
Herbicides have the largest revenue because it is the most commonly used pesticide.
The market has been geographically segmented into Middle East and Africa. The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, countries like the USA, China and UK are investing in the region and this increased financial revenue will aid the agriculture sectors in this region.
Major players in the Middle East and Africa Agricultural Pesticide Market are Syngenta, Israel Chemicals, Yara International ASA, Bayer, BASF SE, The Mosaic Co., and Dow Chemical Limited.
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