Egypt Agrochemicals Market Size

Egypt Agrochemicals Market Analysis

The Egypt Agrochemicals Market size is estimated at USD 96.35 million in 2024, and is expected to reach USD 123.32 million by 2029, growing at a CAGR of 5.06% during the forecast period (2024-2029).

• Agriculture is a significant component of the Egyptian economy, contributing 11.3 percent of the country's gross domestic product. The agricultural sector accounts for 28 percent of all jobs, and over 55 percent of employment in Upper Egypt is agriculture-related in the year 2022. Egypt's agriculture sector is dominated by small farms using traditional practices that do not meet international standards.
• The availability of land for agriculture is highly constricted in Egypt. Thus, the need to improve efficiency through agrochemicals has been driving the agrochemical demand in the country. Furthermore, with the economic improvement in some African countries, farmers have become more aware of the need for agrochemicals application on the cropland. Integrated farming practices, if adopted, may further provide an opportunity for the sector. The high cost of agrochemicals is not always affordable for poor African farmers. Additionally, there is a need to strengthen the government's involvement in popularizing agrochemical consumption for better productivity of agricultural lands.
• As per the Egyptian Agricultural Department, The exports of Egypt's fertilizer and production sector will continue to increase between now and 2025, despite recent hikes in export fees, owing to a massive number of ongoing and planned projects expected to increase production capacity, especially for nitrogen fertilizer. For instance, in 2022, a Dutch fertilizer plant developer, Stamicarbon, signed a contract with Abu Qir Fertilizers in April to revamp one of their urea melt plants, expected to be operational in 2025.
• Government agencies and agricultural associations in the country are coming up with numerous projects and initiatives to strengthen farm productivity and food security among the population. For instance, in 2019, the Integrated Sustainable Agriculture Initiative (ISAI) responded to Egypt's pressing need for ecosystem restoration and enhancing sustainable food production. This joint venture between Foresight for Development and Innovation (Egypt), Except Integrated Sustainability (Netherlands), and in close cooperation with the Egyptian government, is to realize the restoration and regeneration of over 42,000 hectares of agricultural land and ensure sustainability and food security for Egypt.
• According to the Ministry of Agriculture and Land Reclamation, in December 2022, the implementation of innovative practices & technologies piloted, tested, or scaled up by producers to sustainably increase crop productivity, address climate change and environmental degradation; and policies, strategies, and investment programs formulated in support to sustainable agriculture in the Khagra Oasis Agro-Ecosystems in the Egyptian Western Dessert.