Market Size of Middle East & Africa Biopesticides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Biopesticides Market Analysis
The Middle East & Africa Biopesticides Market is projected to grow at a CAGR of 7.0% during the forecast period (2020-2025).
- There is an increase in demand for organically grown food, due to severe adverse health effects caused by the rampant usage of chemical fertilizers in the region. This, in turn, has stimulated farmers in these regions to look for safe farming practices, such as the usage of biologically extracted plant growth promotors, such as biopesticides, which has a minimal effect on the environment.
- The high cost associated with the usage of biopesticides is restraining the market's growth. The lack of infrastructure for commercial mass production of biopesticides in the region is contributing to the high cost for these fertilizers.
- BASF SE, FMC Corporation, Sumitomo Chemical Co. Ltd, and Bayer AG are some of the major players who are operating in this market.
