Oman Crop Protection Market Outlook 2027F
The report provides a comprehensive analysis of the potential of Oman Crop Protection Market. The report covers an overview and genesis of the industry, market size in terms of land coverage.
Its market segment includes by type of Chemicals (Synthetic Biopesticide), by type of product (Herbicide, Insecticide, Fungicide, disinfectant, rodenticides, bactericides others), by type of crop (Wheat, corn, rice, pulses, pasture forage, soybean other crops) by distribution Channel ( retailers, online, supermarket, home centers others). The report includes Porter five force analysis, growth enablers, recent trends developments, pain points solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview
According to Ken Research estimates, the Oman Crop Protection Market which grew at a CAGR of ~% from 2017-2022 is forecasted to grow at a CAGR of ~% from 2023-2027F owing to government regulations, ban on usage of synthetic pesticide increasing demand for agricultural productivity.
Advent of new agricultural technologies increasing population growth rate with rise in calorie intake per capita has not only fuelled the overall demand for food grains but has also resulted in an increase in the demand for agricultural pesticides.
The diminishment of agricultural land, the need to increase agricultural productivity other factors related to the spheres of agriculture.
Key Trends by Market Segment:
By Type of Chemical:The synthetic crop protection chemicals segment is expected to capture a large chunk of the market in the coming years due to increasing demand for healthy and toxic free crops. On the other hand, the biopesticides segment is anticipated to expand at a rapid pace owing to improvement in plant growth.
By type of Product:
The herbicides segment is expected to constitute a major market share during the forecast period. However, the fungicides segment is projected to grow at a steady rate as they help to inhibit or prevent the growth of fungi on plants, roots, or seeds.
By Type of Crop:
The majority of Oman's local need for fruits, vegetables, and cereals is satisfied by imports. Therefore, the country is striving towards agricultural self-sufficiency by encouraging its farmers to use cutting-edge farming methods in order to decrease import dependency.
Competitive Landscape
The Oman crop protection chemicals market is moderately fragmented with major global and national players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the Oman Crop protection market for its products, services, and continuous product developments are Bayer CropScience, Syngenta, BASF, DuPont, Dow Agrosciences Marrone Bio Innovations among others.
Oman Crop Protection Market is projected to witness a CAGR of ~% between 2022 to 2027F. This is majorly due to the growing population, increasing focus on food security, increased investment in research and development, increase in crop protection products.
The crop protection market in Oman 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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