Saudi Arabia Agrochemicals Market

Introduction of the Saudi Arabia Agrochemicals Market Report

Agrochemicals are chemical products used to protect crops from insects, pests, fungi, pests, among others, to enhance crop productivity in terms of quality and quantity. It plays a crucial role in the agriculture industry. In addition, government agencies such as the Saudi Arabian Agricultural Bank and Grain Silos and Flour Mills Organization are providing various benefits to strengthen the agriculture industry in Saudi Arabia.

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Market Dynamic

Key Drivers and Emerging Trends

Increased awareness regarding the production methods and food quality among the people and policymakers due to the intensive and extensive use of pesticides and chemical fertilizers in an agricultural production system. This factor will boost the  Saudi Arabia Agrochemicals Market. Moreover, increasing usage of fertilizers and pesticides for productivity enhancement will propel the Saudi Arabia Agrochemicals Market. The rising adoption of Biocides and organic fertilizer for crop production will drive the Agrochemicals Market in Saudi Arabia. Increasing demand for crop protection chemicals driven by the pest attacks on crops is paving the way for the agrochemicals market in Saudi Arabia. For instance, ALEMAR international is one of the leading distributors for animal and agricultural farming operations in Saudi Arabia. The company offers a wide range of agro-chemicals products such as crop protection chemicals, fertilizer, and organic farming products.

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Saudi Arabia’s government introduced various programs that provide interest-free loans, long-term loans, technical and support services and incentives such as low-cost water, free seeds and fertilizers, duty-free imports on machinery and raw materials. This is promoting the private sector to focus on agricultural development in Saudi Arabia. Government also funds and provides support to farmers for producing new food crops.

The Ministry of Environment, Water and Agriculture signed a contract for 12 months to encourage farmers to move towards organic farming and allocated SR 1,617,831 to around 165 farmers in Saudi Arabia. The Saudi ministry aims to produce high-quality food and to promote organic production in 2019. In addition to this, the Saudi government is also promoting modern farming technology by launching extensive programs to support the nationwide growth of agriculture. This will enhance the growth of the Saudi Arabia Agrochemicals market.

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Cereal and Grains are projected to grow at the fastest rate in the Saudi Arabia agrochemical market due to the increasing demand for whole grain products among consumers. As per the FAO, major cereal production in Saudi Arabia is wheat, maize and sorghum in which wheat production has gradually increased from 2018. Wheat production in 2019 was 200 thousand tonnes and is expected to reach 500 thousand tonnes in 2020 in Saudi Arabia. In addition to this, the retail price of wheat was SR 2.73 per kg in August 2021. The average cereal imports are predicted to reach 16 million tonnes in the marketing year 2020/21 (July/June).

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Agrochemicals market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Agrochemicals market? What will be the impact of drivers and restraints in the future?
  • Which Product Type generated maximum revenues in 2020 and identify the most promising Product Type during the forecast period?
  • What are the various Crop Types of Saudi Arabia Agrochemicals market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?