Market Size of middle east & africa specialty fertilizer Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2028 | |
Base Year For Estimation | 2021 | |
CAGR | 6.56 % | |
Largest Share by Speciality Type | Liquid Fertilizer | |
Largest Share by Country | South Africa | |
Market Concentration | High | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
MEA Specialty Fertilizer Market Analysis
The Middle East & Africa Specialty Fertilizer Market is projected to register a CAGR of 6.56%
- Largest segment by Speciality Type - Liquid Fertilizer : The demand for liquid fertilizer in Middle East and Africa region keeps up, as the soils in the region are dry and liquid fertilizers ensure easy absorbtion by the plants
- Fastest growing by Speciality Type - Water Soluble : The watersoluble fertilizer absorption rate is more than double compared to conventional fertilizers reaching an efficiency of about 80-90% and reducing total fertilizer use.
- Largest Segment by Crop Type - Horticultural Crops : Specialty fertilizers in the region are mostly applied through fertigation in horticultural crops, this is because fertigation reduces cost and fertilizer use by 20-30%.
- Largest segment by Country - South Africa : Though arable land in the South Africa remained unchanged during the study period, nutrient consumption increased by 16.5% for N, 5.9% for P, and 56% for K, which denoted the increased fertilizer consumption in the country.