Emphasis on Type (Nitrogen Fixing, Phosphate Solubilizing, and Others); Cultivation (Seed Treatment and Soil Treatment) End-User (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others); Country
The MENA Bio Fertilizer market was valued at USD 78.38 Million in 2022 and is expected to grow at a strong CAGR of around 12.75% during the forecast period (2023-2030) to the growing awareness and emphasis on sustainable agriculture practices drive the demand for biofertilizers. For instance, in 2023, According to the Research Institute of Organic Agriculture, Saudi Arabia has increasingly turned its attention to sustainable agriculture and environmentally friendly farming practices. In 2005, the Ministry of Environment, Water and Agriculture (MEWA) adopted the Organic Agriculture Law to support the organic sector. Moreover, the rising trend of organic farming fuels the demand for biofertilizers as a key component of organic cultivation. The increasing awareness about the importance of soil health encourages farmers to adopt biofertilizers for improved fertility. Adding to this, rising population and food demand also contribute to propel the growth of biofertilizer. As per the data of UN Food and Agriculture Organization, in 2021, over 51 million people are suffering from hunger in Arab nations. Moreover, the Middle East (including North Africa) accounted for 20% of the world’s acutely food insecure people in 2020.
Some of the major players operating in EBFF, MBFi, Lallemand Inc., Novozymes, Rizobacter, Corteva, Chr. Hansen Holding A/S, T.Stanes and Company Limited, RNZ Group, ARASCO. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, the nitrogen fixing segment held the largest share of the market in 2022.”
Based on the type, the market is segmented into nitrogen fixing, phosphate solubilizing, and others. The nitrogen fixing held the largest share of the market in 2022. This is mainly due to these bacteria often associated with leguminous plants have the ability to convert atmospheric nitrogen into a form that plants can readily use. These bacteria contribute to increased nitrogen levels in the soil, promoting healthier plant growth, higher crop yields, and ultimately, sustainable agricultural practices.
“Amongst end-user, the oilseeds & pulses are expected to grow with a significant CAGR during the forecast period (2023-2030).”
By end-user, the bio fertilizer market has segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, others. Oilseeds & pulses are expected to grow with a significant CAGR during the forecast period (2023-2030). This is mainly due to the symbiotic association of biofertilizers with oilseed and pulse crops presents a mutually beneficial scenario contributing to the overall sustainability and resilience of agriculture in the MENA region. As per the Foreign Agricultural Service/USDA, in 2022, Egypt imports major oilseeds 2.02 million metric tons.
“Egypt dominated the market.”
The bio fertilizer market in the Egypt has witnessed significant share in 2022. This is mainly due to the rising demand of organic farming and growing awareness of environmental concerns. Moreover, the need for sustainable agriculture, and government initiatives promoting organic farming have contributed to the interest in biofertilizers. For instance, in 2023, According to the Research Institute of Organic Agriculture, AfrONet initiated the process of establishing a National Organic Agriculture Movement in Egypt through a local organisation. It is anticipated that by 2023, Organic Egypt will be transformed into a national organic movement (NOAM) to handle organic activities in Egypt and collaborate with the Moroccan Interprofessional Federation for Organic Agriculture FIMABio. The use of these fertilizers can potentially reduce the dependence on traditional chemical fertilizers, leading to more sustainable and environmentally friendly agricultural practices.
MENA Bio Fertilizer Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Mena Bio Fertilizer Market Revenue, 2020-2030f
6. Market Insights By Type
7. Market Insights By Cultivation
8. Market Insights By End-user
9. Market Insights By Country
10. Mena Bio Fertilizer Market Dynamics
11. Mena Bio Fertilizer Market Opportunities
12. Mena Bio Fertilizer Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Regulatory Framework In The Mena Region
16. Pricing Analysis
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Analyzing the historical market, estimating the current market, and forecasting the future market of the MENA Bio fertilizer market were the three major steps undertaken to create and analyze the adoption of MENA Bio fertilizer in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the MENA Bio fertilizer market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the MENA Bio fertilizer market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the MENA Bio fertilizer market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & and sub-segments for major regions. Major segments are included in the report as type, cultivation, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the MENA Bio fertilizer market. Further, we conducted factor analysis using dependent and independent variables such as type, cultivation, and end-user of the MENA Bio fertilizer market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the MENA Bio fertilizer market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA Bio fertilizer market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the MENA bio fertilizer market. The data was split into several segments & and sub-segments post studying various parameters and trends in the areas of the type, cultivation, and end-user of the MENA bio fertilizer market.
The current & future market trends of the MENA bio fertilizer market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional and country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the MENA Bio fertilizer market?
Q2: What are the driving factors for the growth of the MENA Bio fertilizer Market?
Q3: Which segment has the largest share of the MENA bio fertilizer market by end-user?
Q5: Which country will dominate the MENA Bio fertilizer market?
Q6: Who are the key players operating in the MENA Bio fertilizer market?
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