PUBLISHER: The Insight Partners | PRODUCT CODE: 1494535
PUBLISHER: The Insight Partners | PRODUCT CODE: 1494535
The Middle East & Africa mancozeb market is expected to grow from US$ 79.92 million in 2022 to US$ 106.39 million by 2030. It is estimated to record a CAGR of 3.6% from 2022 to 2030.
Increasing Use of Mancozeb for Crop Protection and Yield Improvement Drives Middle East & Africa Mancozeb Market
Pesticides, which are used to control insects and weeds, are indispensable in agricultural practices. According to the article "Agricultural Development, Pesticide Application, and Its Impact on the Environment," there would be a 78% loss in fruit production, a 54% decrease in vegetable production, and a 32% decrease in cereal production. This implies the critical role of pesticides in reducing diseases and increasing crop yields. The United Nations estimates that the global population will increase by 2 billion people in the next 30 years; it will increase from 8 billion in 2022 to 9.7 billion by 2050. The population would peak at ~10.4 billion in the 2100. It has also led to a surge in the agricultural sector due to increasing food demand. With a rise in the global population and a consequent rise in the demand for food, agriculturists across the world are focusing on modifying farming practices to obtain high crop yields from smaller cultivation areas. Thus, crop protection and yield enhancement are the key focus areas of the agricultural sector, which signifies the continuous need for fertilizers and pesticides in farming.
Mancozeb enhances crop protection by effectively controlling a wide range of fungal pathogens. This capability provides farmers with a reliable means to safeguard their crops from diseases such as late blight, downy mildew, and rust. With the rise in global food demand, the protection of crops becomes paramount, and mancozeb plays a crucial role in ensuring that crop losses due to fungal infections are minimized. In addition, the use of mancozeb contributes to yield improvement. Preventing or mitigating the damage caused by fungal diseases allows crops to grow more vigorously and produce higher yields. This has a direct positive impact on a farmer's income and food production capacity. Yield improvement is a key factor in addressing the growing global population's demand for food, significantly aiding in the growth of the mancozeb market.
Middle East & Africa Mancozeb Market Overview
The mancozeb market in Middle East & Africa is prominent due to growing awareness about crop protection chemicals among farmers, government subsidies, increasing population, and rising food demand. Surging demand for excellent agricultural products and increasing need for high productivity and yield are expected to boost the use of mancozeb in Middle East & Africa, especially in China, Japan, and India. With the increasing agriculture sector, these Middle East & Africa countries determine a high product consumption rate. According to the Asian Development Bank, rising incomes and urbanization are transforming food consumption. Policies introduced by many international, multilateral, and bilateral organizations on regulating pesticide distribution and promoting integrated pest management (IPM) have supported the efforts of governments in the region. The development of the Food and Agriculture Organization's (FAO's) International Code of Conduct on the distribution and use of pesticides has dramatically helped with the process of pest management. The growing fruits & vegetables industry has propelled the demand for mancozeb in Middle East & Africa. India, China, and Japan are among the top fruit and vegetable-producing countries in Middle East & Africa. According to the Ministry of Agriculture & Farmers Welfare, in 2021, India was the second-largest horticulture producer after China, producing ~12% of the global fruit and vegetable production. This increased production of fruits and vegetables in Middle East & Africa is projected to boost the demand for mancozeb in the coming years.
Middle East & Africa Mancozeb Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Mancozeb Market Segmentation
The Middle East & Africa mancozeb market is segmented into form, mode of application, crop type, and country.
Based on form, the Middle East & Africa mancozeb market is bifurcated into dry and liquid. The dry segment held a larger share of the Middle East & Africa mancozeb market in 2022.
In terms of mode of application, the Middle East & Africa mancozeb market is segmented into foliar spray, soil treatment, and seed treatment. The foliar spray segment held the largest share of the Middle East & Africa mancozeb market in 2022.
Based on crop type, the Middle East & Africa mancozeb market is segmented into fruits & vegetables, cereals & pulses, oilseeds & pulses, turf & ornamentals, and others. The fruits & vegetables segment held the largest share of the Middle East & Africa mancozeb market in 2022.
By country, the Middle East & Africa mancozeb market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa mancozeb market in 2022.
Hebei Enge Biotech Co Ltd, Ningbo Generic Chemical Co Ltd, Natursim Science Co Ltd, UPL Ltd, Coromandel International Ltd, Zhejiang Rayfull Chemicals Co Ltd, Sumitomo Chemical Co Ltd, and Corteva Inc are some of the leading companies operating in the Middle East & Africa mancozeb market.