Market Size of Middle East & Africa Plant Growth Regulators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Plant Growth Regulators Market Analysis
The Middle East & Africa Plant Growth Regulators Market is projected to grow at a CAGR of 6.6% during the forecast period (2020-2025).
- There has been an increasing demand for fruits in Egypt and South Africa, and the application of plant growth regulators (PGRs) on fruit crops is continuously increasing. Similarly, in Africa, plant growth regulators are highly used for vegetables, such as potatoes, tomatoes, and onions. Fruits are enhanced by the application of PGR, in the case of apples, pears, and peaches, in Turkey.
- South Africa is expected to be the fastest-growing PGR market in Africa during the forecast period. The major factors driving the growth of the South African market are the increase in the consumption of fruits, such as grapes and bananas, and the increasing income of farmers. Furthermore, increasing fruit cultivation in the country is also driving the market, and the same trend is expected to follow during the forecast period.
MEA Plant Growth Regulators Industry Segmentation
The report includes the types of plant growth regulators and their wide scope in the market, in the future. The study also includes crop and field applications, as well as non-crop use in agriculture. The companies in the Middle East & African market operate in B2C format and the market sizing has been done at the consumer level.
| Product Type | |
| Cytokinin | |
| Auxin | |
| Gibberellin | |
| Other types |
| Crop type | |
| Crop- based | |
| Non- crop-based |
| Geography | ||||||||
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Middle East & Africa Plant Growth Regulators Market Size Summary
The Middle East & Africa Plant Growth Regulators (PGRs) market is experiencing significant growth, driven by the increasing demand for fruits and vegetables in regions like Egypt, South Africa, and Turkey. The application of PGRs is becoming more prevalent in fruit crops such as apples, pears, and peaches, particularly in Turkey, while in Africa, they are extensively used for vegetables like potatoes, tomatoes, and onions. South Africa is anticipated to be the fastest-growing market within Africa, fueled by rising fruit consumption, particularly grapes and bananas, and the growing income of farmers. The country's expanding fruit cultivation further supports this growth trend, highlighting the critical role of PGRs in enhancing agricultural productivity.
Agriculture is a vital component of Africa's economic development, yet it remains underperforming relative to its potential. Despite a significant portion of the population relying on agriculture for their livelihoods, its contribution to GDP is relatively low. The region's vast uncultivated arable land and below-average crop yields present opportunities for PGRs to boost agricultural output. PGRs are particularly beneficial for field crops, with South Africa leading in their application for bananas to improve yields and alleviate plant stress. The demand for PGRs is also driven by the need to enhance post-harvest quality and increase productivity in major crops. Key industry players like Nufarm Ltd, Zagro, ADAMA, UPL, and Syngenta are expanding their presence in the region, investing in research and development to make PGR products more accessible and affordable, thereby driving market growth during the forecast period.
Middle East & Africa Plant Growth Regulators Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Cytokinin
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2.1.2 Auxin
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2.1.3 Gibberellin
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2.1.4 Other types
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2.2 Crop type
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2.2.1 Crop- based
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2.2.2 Non- crop-based
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2.3 Geography
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2.3.1 Africa
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2.3.1.1 Nigeria
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2.3.1.2 Tanzania
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2.3.1.3 Uganda
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2.3.1.4 Cameroon
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2.3.1.5 Congo
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2.3.1.6 Rest of Africa
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2.3.2 Middle East
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2.3.2.1 Iran
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2.3.2.2 Turkey
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2.3.2.3 Iraq
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2.3.2.4 Yemen
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2.3.2.5 Egypt
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2.3.2.6 Rest of Middle East
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Middle East & Africa Plant Growth Regulators Market Size FAQs
What is the current Middle East & Africa Plant Growth Regulators Market size?
The Middle East & Africa Plant Growth Regulators Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029)
Who are the key players in Middle East & Africa Plant Growth Regulators Market?
BASF SE, Bayer Crop Science AG, Corteva AgriScience and Sumitomo Chemical Co. LTD are the major companies operating in the Middle East & Africa Plant Growth Regulators Market.
