Middle East and Africa Biofertilizers Market Key Companies and SWOT Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Middle East and Africa Biofertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Nitrogen Fixing, Phosphorus Solubilizing, Potassium Mobilizing, and Others), Microorganism (Rhizobium, Azotobacter, Phosphate Solubilizing Bacteria, and Others), Crop Type (Cereals and Grains, Oil seeds and Pulses, Fruits and Vegetables, and Others), and Application (Seed Treatment, Soil Treatment, and Others)
- Report Date : Mar 2022
- Report Code : TIPRE00028007
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 119
The biofertilizers market in Middle East & Africa is expected to grow from US$ 72.21 million in 2021 to US$ 178.49 million by 2028; it is estimated to grow at a CAGR of 12.2% from 2021 to 2028.
The increase in government initiatives has led to the increased adoption of biofertilizers by the farmers of various countries. Also, there has been an increased need for sustainability in modern agriculture as the sustainable farming methods are the cornerstone of low input agriculture. The sustainable agriculture conserves energy, water, decreases the vulnerability to drought and reduces greenhouse gas emissions. Biofertilizers helps in improving the crop production as well as improves the soil health along with providing various growth-promoting hormones and phytohormones to the plants. Along with this, the biofertilizer does not leave any residual effects as compared to the chemical fertilizers and thus, is an ideal solution to be used for sustainable agriculture. Biofertilizer is also one of the essential components of integrated nutrient management as they are cost-effective and renewable source of plant protein for sustainable agriculture. Thus, increase government initiative along with increased need for sustainability in modern agriculture is increasing the demand for biofertilizers across the region.South Africa has the highest COVID-19 cases in the Middle East & Africa region, followed by Saudi Arabia and the UAE, among others. UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19. The impact of lockdown in the Middle Eastern and African countries was that various manufacturing companies related to the chemicals and materials industry was closed which led to a negative impact on the production of biofertilizer. As the manufacturing operations are being resumed and restriction are being uplifted, the biofertilizers market is expected to grow. The increase in organic and sustainable farming, along with an increase demand for organic food products during the pandemic will have a positive impact on the biofertilizers market.With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa biofertilizers market. The Middle East & Africa biofertilizers market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Biofertilizers Market Revenue and Forecast to 2028 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Middle East & Africa Biofertilizers Market Segmentation
Middle East & Africa Biofertilizers Market – By Product Type
- Nitrogen Fixing
- Phosphorus Solubilizing
- Potassium Mobilizing
- Others
Middle East & Africa Biofertilizers Market – By Microorganism
- Rhizobium
- Azotobacter
- Phosphate Solubilizing Bacteria
- Others
Middle East & Africa Biofertilizers Market – By Crop Type
- Cereals and Grains
- Oil seeds and Pulses
- Fruits and Vegetables
- Others
Middle East & Africa Biofertilizers Market – Application
- Seed Treatment
- Soil Treatment
- Others
Middle East & Africa Biofertilizers Market – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Middle East & Africa Biofertilizers Market – Companies Mentioned
- Mapleton Agri Biotec Pt. Ltd
- Novozymes
- RIZOBACTER
- Symborg
- T.Stanes and Company Limited
- UPL
- Vegalab SA
Middle East and Africa Biofertilizers Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 72.21 Million |
| Market Size by 2028 | US$ 178.49 Million |
| Global CAGR (2021 - 2028) | 12.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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