Pesticides in Saudi Arabia: Market Trends, Opportunity and Forecast 2027Posted by arshiyashaikh on March 22nd, 2022 Saudi Arabia Pesticides Market was valued at USD325.11 million in 2021 and is anticipated to grow at a CAGR of 5.42% to reach USD445 million by 2027. Growing food requirements, adoption of sustainable agriculture practices, and increasing agriculture expenditure by government and market players are the primary factors driving the demand of Saudi Arabia pesticides market for the next five years. The constant population rise and unfavorable climatic conditions in the country fuel the adoption of modern agriculture practices and solutions by farmers to boost productivity from agriculture fields. Also, the limited availability of fertile land in the country increases the pressure to cultivate more on available lands by limiting the damage to crops. Farmers are actively adopting intensive farming techniques to fuel the productivity per hectare. The support from the government in the form of initiatives like Saudi Vision 2030, which supports sustainable agriculture farming, is expected to bolster the demand of the Saudi Arabia pesticides market. These techniques help the farmers meet the demands of the growing population and prevent food shortages in the country. Market players are making high-end investments in research and development activities to find innovative environment-friendly alternatives and nano-pesticides in place of conventional pesticides, which is expected to create numerous opportunities for the Saudi Arabia pesticides market in the forecast period. Browse our full report with Table of Contents:
Like it? Share it! More by this author |