Egypt’s Plant growth regulators industry | Opportunities | Upcoming Projects |Investment opportunities |Forecast to 2020
Market Entry - Plant growth regulators Industry in Egypt: Analysis of Growth, Trends and Progress (2016 - 2021)

PUBLISHED

DEC 2017

Market Entry - Plant growth regulators Industry in Egypt: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

The demand for increased crop productivity and the predicted challenges related to plant survival under adverse environmental conditions have renewed the interest in research of root biology. Various physiological and genetic studies have provided ample evidence in support of the role of plant growth regulators in root development. Factors such as increasing demand for cotton owing to the expansion of textile industry coupled with the rise of organic farming is expected to fuel the demand for plant growth regulators over the forecast period. However, preference of farmers towards better performing agrochemicals is expected to hamper the growth of the market. Focus on product innovation to prevent threat to the environment and economical plant growth regulators are anticipated to provide new opportunities in the market. Cytokinins accounted for over 40% of the global demand, and are expected to witness the fastest growth. Other plant hormones such as mepiquat chloride and gibberellins are extensively used in cotton plant and seed germination and are expected to follow a similar trend. The demand for plant growth regulators was significantly high in Europe in 2012, owing to the large scale organic farming industry where certain plant hormones such as auxins, cytokinins, and gibberellins are used. The demand for plant hormones have also been highly prevalent in developed nations due to the rapidly emerging organic farming industry coupled with the vast cotton industry, especially in the U.S. Emerging regions of Asia-Pacific are expected to witness the fastest growth over the forecast period. BASF SE, Bayer CropScience, Crop Care Limited, DuPont, NuFarm Limited, Redox Industries Ltd, and Sichuan Guoguang Agrochemical Co., Ltd. are some of the key players in the industry.

About the Geography

Egypt is an African country, with large oil reserves, led by a semi-presidential government. It was an attractive destination for FDI before the Arab spring. It has a skilled workforce, low labor costs, strategic location, large domestic market, and substantial energy reserves. Egypt is among the top five recipients of foreign investment in Africa with most investments going to the oil & gas, construction, telecommunications, financial services and healthcare sectors.

Since September 2004, the General Authority for Investment and Free Zones (GAFI) has established an economic program to attract foreign investors, together with an average reduction of 35% customs duty and tariff simplification. Though all the economic sectors are open to domestic and foreign investors, those especially targeted by the law, providing the possibility to execute projects under the BOT (build, operate, transfer) form, are agriculture industry, mining, tourism and hospitality, air travel, off-shore shipping transport, goods transport services, oil prospection and drilling, infrastructures. Some strategic sectors like aerospace, defense, and print journalism are subject to specific legislations. Obstacles to investment include excessive bureaucracy, shortage of skilled labor, limited access to credit, slow and cumbersome customs procedures, and non-tariff trade barriers. In addition, rapid population growth continues to curtail the improvement of the standard of living in Egypt.

The condition in Egypt is rapidly improving and opportunities are already arising with growing stability in the country, with infrastructure, energy, and public sectors appealing to foreign investors and FDI pouring into the country.

 

Component Name

Unit

GDP (USD billion)

331

GDP Annual Growth Rate

3.8

GDP Per Capita

2707

Unemployment Rate

12.5

Inflation Rate

14.1

Consumer Price Index (CPI)

190

Interest Rate

11.75

Loans to Private Sector (USD billion)

57.223

Balance of Trade (USD billion)

-3.158

Manufacturing PMI (Index Points)

46.3 Index Point

Ease of Doing Business

131

Competitiveness Rank

115

Corruption Rank

88

Consumer Confidence

81

Consumer Spending (USD billion)

62.25

Bank Lending Rate (Consumers)

13.8

Corporate Tax Rate

25

Sales Tax Rate

10

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

 

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Plant growth regulators Industry by Type (USD millions)

                4.1 Cytokinins

                4.2 Auxins

                4.3 Gibberellins

                4.4 Others (Mepiquate chloride etc.)

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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