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The supermarket for agricultural chemicals in Saudi Arabia is manifesting remarkable figures in the last few years due to the coventry move of which the agricultural sector in the country is going through. One main trend is sustainable agriculture getting more and more serious focus. Farmers and related stakeholders are finding the fact of the availability of eco-friendly and effecient agricultural chemicals which minimize environmental impacts yet boost agricultural output so crucial. However, the change to green sustainable agriculture is a result of both global apprehension about the climate change and the local requirement to use water resources conservatively in aridSaudi Arabia.
To reinforce, an observable movement is seen in the application of advanced technology within the agricultural chemicals domain. Smart farming which utilizes internet of things technology, such as drones, sensors, and GPS guided equipment, is splitting the market strongly towards its side. These technology integration is pivotal especially in ensuring accurate chemicals application on farming land so that their effectiveness is enhanced and all the wastage minimized. Farmers are implementing digital technologies to enhance the management processes and to address the health of the crops. These technologies help farmers in easy management of resources, hence higher productivity rate.
The authorities in Saudi Arabia have also made it their priority to seek an alternative source of income other than oil, which in the end also bears its impact on the market of agrochemicals. The basic Kingdom’s Future 2030 strategy lays a great deal of emphasis on food security, which causes the channeling of funds into the agricultural sector. Consequently, people in agriculture encourage the application of various chemicals mainly as a way of increasing crop production and every individual accessing the readily available food. Beside the gov's support by means of subsidies and bonuses to farmers, the scope of money demand for agrichemicals has also been increased.
One among the important tendencies is the transition to the natural way of farming and at the same time the growing appeal to organic agricultural chemicals. Consumers practice more conscious eating and environmental conscription, there is a stronger desire and attraction for organic produce resulting in an increase in demand. So the tendency drove farmers to bring up organic farming and creates the demand for organic fertilizers, pesticides, and other agricultural products. This results in an increase in companies in the Saudi Arabian market that are looking to meet the demand of the customers by diversifying their product line options.
While there are many positives on the one hand, difficult situation on the other hand also comes with the trends. Water requirements go up significantly to improve productivity and sustainability, which create tension in a region already having water constricted resources. Some measures such as water efficient management coupled with chemical water saving plants are paramount for coping with this issue. Also, the continuing global anxiety about the ecological effect of particular chemical substances has caused more societal vigilance that in turn leads to regulations and legislations.
Saudi Arabia Agricultural Chemicals Market Highlights:
Saudi Arabia Agricultural Chemicals Market Overview
Saudi Arabia Agricultural Chemicals Market Size was valued at USD 12.5 Billion in 2022. The agricultural chemicals industry is projected to grow from USD 12.97 Billion in 2023 to USD 17.485 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.80% during the forecast period (2023 - 2032). A few of the key market drivers propelling the market expansion are the burgeoning greenhouse vegetable output, the scarcity of arable land, the evolution of R&D investments, and the rising environmental concerns regarding the overuse of chemicals in agriculture.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Agricultural Chemicals Market Trends
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Rising scarcity of water to boost the market growth
Due to its effect on farming techniques, water shortage is a major driver of the market for agricultural chemicals. Agriculture must use water more effectively due to water constraint. To maximize water usage, sophisticated irrigation techniques are used, such as drip irrigation and precision irrigation. The need for chemicals employed in these systems, such as fertilizers and soil conditioners, is subsequently driven by this. Furthermore, in areas with limited water supplies, fertigation—the incorporation of nutrients with irrigation systems—becomes essential. Farmers use this technique to increase fertilizer efficiency by directly supplying nutrients to crops through irrigation water. This pattern helps fuel the market expansion for agricultural chemicals, especially in the fertigation sector. Additionally, crop stress is frequently caused by a lack of water. Crop management in water-limited environments requires the use of agricultural chemicals, such as plant growth regulators and biotechnologically produced stress-tolerant cultivars.
Government actions are crucial in promoting growth in the agriculture chemicals sector in Saudi Arabia. Fertilizers and other necessary agricultural chemicals are frequently subsidized by the government, which lowers their cost for farmers. The goal of this assistance is to promote broad use and raise total agricultural yield. Additionally, funding for agricultural chemical research and development projects aids in the creation of novel and effective goods. This helps the agriculture industry thrive and remain competitive in addition to helping farmers. Moreover, the use of contemporary agricultural technologies, such as smart irrigation systems and precision farming, is encouraged by the government. Frequently, these technologies employ certain agricultural chemicals in order to optimize productivity and reduce wasteful use of resources. Thus, driving the agricultural chemicals market revenue.
Agricultural Chemicals Market Segment Insights
Agricultural Chemicals Crop Type Insights
The Saudi Arabia Agricultural Chemicals market segmentation, based on crop type includes Cereals, Pulses and oilseeds, Fruits and vegetables, Lawns and turfs, and Others. The cereals segment dominated the market mostly. The majority of agricultural chemicals are applied to cereals because poor soil quality can result in lower yields and lower nutritional levels for crops like rice. In order to address this issue, fertilizers with additional minerals increase the nutrient content and production of cereals.
Agricultural Chemicals Mode of Application Insights
The Saudi Arabia Agricultural Chemicals market segmentation, based on mode of application, includes Foliar, Fertigation, and Others. The fertigation category generated the most income. Because of its accuracy and advantages for the environment, this technique increases crop yields while reducing resource waste and is becoming more and more common. The growing significance of fertigation in the larger agriculture chemicals business is a result of the growing adoption of modern agricultural practices.
Figure 1: Saudi Arabia Agricultural Chemicals Market, by Mode of Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Agricultural Chemicals Type Insights
The Saudi Arabia Agricultural Chemicals market segmentation, based on type, includes Pesticides and Fertilisers. The fertilisers category generated the most income. The production of a huge amount of fertilizers and the efforts of corporations and governments to educate farmers about their benefits are likely to contribute to a major growth in sales over the projection period. In other words, because of the tremendous pressure the agrarian community faces to meet the growing need for food, the population growth is probably going to increase the need for fertilizers.
Agricultural Chemicals Country Insights
Saudi Arabia held a significant share in the market for agricultural chemicals due to shifting consumer consumption habits and rising awareness. The GDP of the nation is boosted by the agriculture industry every year by 53 billion SR. Furthermore, the population growth in recent years has increased the significance of agriculture in this area, which is what is fueling the market expansion. Furthermore, the Saudi Arabian government is quite supportive of beneficial initiatives that boost agricultural in the area. Additionally, the market's rise is ascribed to higher investments in the development of the agricultural sector and the region's adoption of better water preservation technology. Increases in disposable income, the nation's fast urbanization, and the modernization of the food industry all contribute to the expansion of the agriculture chemicals market.
Agricultural Chemicals Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the agricultural chemicals market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, agricultural chemicals industry must offer cost-effective items.
Major players in the agricultural chemicals market are attempting to increase market demand by investing in research and development operations includes Bayer AG (Germany), BASF SE (Germany), Yara (Norway), Compass Minerals (US), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemicals Co. Ltd. (Japan), Nufarm (Australia), UPL (India), K+S Aktiengesellschaft (Germany), ICL (Israel), Rotam (South Korea), Corteva (US), and FMC Corporation (US).
Key Companies in the agricultural chemicals market include
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Bayer AG (Germany)
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BASF SE (Germany)
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Yara (Norway)
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Compass Minerals (US)
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Syngenta Crop Protection AG (Switzerland)
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ADAMA (Israel)
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Sumitomo Chemicals Co. Ltd. (Japan)
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Nufarm (Australia)
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UPL (India)
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K+S Aktiengesellschaft (Germany)
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ICL (Israel)
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Rotam (South Korea)
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Corteva (US)
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FMC Corporation (US)
Agricultural Chemicals Industry Developments
February 2022: Adama released Timeline FX, a cutting-edge cross-spectrum spring foliar herbicide for cereals. With its three complimentary modes of action and integrated adjuvant, the product offers growers the widest treatment window of any herbicide for managing grass and broadleaf weeds in cereal crops.
January 2022: Yara and Lantmännen inked a contract to introduce fertilizers free of fossil fuels to the market. As a result of the firms' cooperation, Yara and Lantmännen have signed a commercial agreement for the production and marketing of green fertilizers in Sweden starting in 2023.
Agricultural Chemicals Market Segmentation
Agricultural Chemicals Crop Type Outlook
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Cereals
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Pulses and oilseeds
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Fruits and vegetables
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Lawns and turfs
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Others
Agricultural Chemicals Mode of Application Outlook
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Foliar
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Fertigation
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Others
Agricultural Chemicals Type Outlook
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Pesticides
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Fertilisers
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