Author: Vikas Kumar
21 June 2024
Key Highlights of the Report:
According to a new report by Univdatos Market Insights, 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. Adding to this, the raising global population and the need for enhanced agricultural productivity have led to a higher demand for biofertilizers. As per the Food and Agriculture Organization, in 2022,in the middle east, 28% (84 million) of the total population (296 million) depend on agriculture, but it accounts to only 13% of the GDP. These products help improve soil fertility and crop yield, ensuring food security and sustainable agricultural development.
For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=54288
The report suggests that bio fertilizer resources in Middle East and North Africa (MENA) region had a significant impact on the bio fertilizer industry in the MENA region. Some of the ways in which this impact has been felt include:
Apart from this, in recent years, several governments in the Middle East and North Africa have implemented policies and provided funding support to enhance the growth of the Bio fertilizer industry. Some examples include:
Conclusion
In conclusion, the adoption of bio-fertilizers in the MENA region represents a crucial step towards sustainable agriculture. As the demand for food continues to rise, and environmental concerns become more prominent, the role of bio-fertilizers in improving soil fertility and reducing the ecological footprint of agriculture cannot be overstated. Governments, farmers, and the private sector in the MENA region must collaborate to promote the widespread adoption of bio-fertilizers. Investments in research and development, education, and infrastructure for bio-fertilizer manufacturing will contribute to building a more resilient and sustainable agricultural system in the region.
Key Offerings of the Report
Market Size, Trends, & Forecast by Revenue | 2023−2030
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by type, by cultivation, and end-user
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Get a call back