Middle East & Africa Biofertilizers Market Size

Statistics for the 2023 & 2024 Middle East & Africa Biofertilizers market size, created by Mordor Intelligence™ Industry Reports. Middle East & Africa Biofertilizers size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Middle East & Africa Biofertilizers Industry

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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

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*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.

MEA Biofertilizers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)