Market Size of middle east & africa fertilizers Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2030 | |
Market Size (2024) | USD 51.76 Billion | |
Market Size (2030) | USD 78.30 Billion | |
Largest Share by Crop Type | Field Crops | |
CAGR (2024 - 2030) | 7.14 % | |
Largest Share by Country | South Africa | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
MEA Fertilizers Market Analysis
The Middle East & Africa Fertilizers Market size is estimated at USD 51.76 billion in 2024, and is expected to reach USD 78.30 billion by 2030, growing at a CAGR of 7.14% during the forecast period (2024-2030).
- Fastest growing segment by Product - Iron : The alkaline soils with high pH and degrading health and quality of soils are making them deficient in Iron thus increasing the demand for high-yield crop production.
- Largest Segment by Crop Type - Field Crops : Cultivation of field crops accounts for more than 90% of the total agricultural land in the region and accounts for highest consumption of 87.2% of the total CRF fertilizes.
- Fastest growing by Speciality Type - Water Soluble : With the adoption of Water-soluble fertilizers, a fertilizer efficiency of 80.0-90.0% can be achieved. This method significantly reduces time, labor, and energy consumption.
- Largest segment by Country - South Africa : South Africa has large agricultural area in the region, it acccounts for about 35% of the total crop area in the region and has some of the largest fertilizer production units.