Market Size of Middle East & Africa Biofertilizers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.40 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Biofertilizer Market Analysis
The Middle East & Africa Biofertilizers Market is projected to grow at a CAGR of 6.4% during the forecast period (2020-2025).
- The favorable government policies supporting the institutionalization of biofertilizers along with stipulated guidelines for its registration and distribution increased food demand for sustainable agriculture is driving the growth of the market. Lack of adoption of biofertilizers due to lack of awareness and dependency on imports of crops is restraining the middle east and Africa biofertilizers market.
- Carrier-based biofertilizers are occupying a major share in 2019 among other technologies. The higher prices of liquid biofertilizers as compared to carrier-based biofertilizers have led to the increased popularity of the latter among the regional farmers. Thus, the latter is driving the market revenue for the biofertilizers market.
