Middle East And Africa Biopesticides Market 2023-2030
Market Outlook
As per Triton Market Research’s report, the biopesticides market in the Middle East and Africa will advance in value at a compound annual growth rate of 13.71% during the forecast years 2023-2030. The UAE, South Africa, Saudi Arabia, Turkey, and Rest of Middle East & Africa are reviewed in the region.
In the United Arab Emirates, registration of pesticides, including chemical, biological, and other pesticides, is required by the Ministry of Climate Change and Environment (MOCCAE). Hence, this regulation ensures that all types of pesticides, including biopesticides, meet safety and efficacy standards, increasing consumer and agricultural stakeholder confidence in the quality and reliability of these products.
In addition, as the country places great emphasis on environmental sustainability and safety, the registration requirement underscores the commitment to promoting environmentally friendly pest management solutions. This results in the creation of novel opportunities for the biopesticides market.
On the other hand, in Saudi Arabia, the biopesticides market is experiencing significant growth due to the urgent need to improve food security. This demand is further driven by efforts to improve domestic food and agriculture systems’ efficiency and productivity, especially due to climate change, rising temperatures, and limited water resources. In addition, the country’s thriving agrochemical sector drives the reviewed market’s expansion.
Competitive Outlook
Some of the players in the biopesticides market include Valent BioSciences Corporation, Pro Farm Group, BASF SE, Andermatt Group AG, and BioWorks Inc.
1. Middle East And Africa Biopesticides Market - Summary
2. Industry Outlook
2.1. Parent Market Analysis
2.2. Evolution And Transition Of Biopesticides
2.3. Impact Analysis On The Biopesticides Market
2.3.1. Covid-19 Impact
2.4. Key Insights
2.4.1. Using Biopesticides As Part Of Integrated Pest Management (Ipm)
2.4.2. Integration Of Precision Farming And Big Data With Pest Management
2.4.3. Adoption Of New Farming Technologies
2.5. Porter’s Five Forces Analysis
2.5.1. Threat Of New Entrants
2.5.2. Threat Of Substitutes
2.5.3. Bargaining Power Of Suppliers
2.5.4. Bargaining Power Of Buyers
2.5.5. Threat Of Competitive Rivalry
2.6. Regulatory Framework
2.7. Key Market Strategies
2.7.1. Product Launches And Developments
2.7.2. Collaborations
2.7.3. Acquisitions
2.8. Market Drivers
2.8.1. Rising Population Has Raised The Demand For Food Products
2.8.2. Consumer Inclination Towards Organic Produce Pushes Organic Farming
2.8.3. Cost-effective R&D In Biopesticide Manufacturing And Innovation
2.9. Market Challenges
2.9.1. Precision Targeting And Limited Product Availability