Nigeria Crop Protection Market Outlook to 2027F

Nigeria Crop Protection Market Outlook to 2027F

The report provides a comprehensive analysis of the potential of the Crop Protection market in Nigeria. The report covers an overview and genesis of the industry, and market size in terms of revenue generated.

Its market segmentations include by Pesticides and Bio-pesticides, crop type, market source and by market structure, by form; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Nigeria Crop Protection Market which grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022 is forecasted to grow further into a USD ~ Bn opportunity by 2027F, owing to more natural resources in the country and the high agronomic knowledge on tropical conditions.

The registered chemicals distributors in Nigeria supply to large-scale farmers either directly or through their local agents at the retail level. Thus, it is estimated that more than half of pesticides are sold to the large-scale farms through direct sales by the companies and distributors and rest through government agencies and ADPs to small-scale farmers.

There are two types of pesticides available on the market: synthetic and biological. A rise in the use of bio-pesticides is being caused by growing worries about environmental and food safety.

Key Trends by Market Segment:

By Type: The biopesticides segment of the market is projected to register a higher CAGR than synthetic pesticides during the forecast period in the country due to rising demand for food safety and quality in the country.

By Type of Crop: Pulses and oil seeds hold the largest segment in type of crop in the Nigeria crop protection. Cocoa beans and cashew nuts are the major agriculture products exported in the country.

Competitive Landscape

Future Outlook

Nigeria Crop Protection market is projected to witness a CAGR of ~% between 2022 to 2027F. This is majorly due to the growing population, change in eating habits, Climate change along with government initiatives.

The Crop Protection market in Nigeria is expected to witness a drive towards sustainable, cost-effective crop protection chemicals to ensure that input costs remain as low as possible due to limited financing and high operating expenses.

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