About the Report
The Middle East and Africa (MEA) is a lucrative market for biostimulants and will continue exhibiting high demand through the assessment tenure, starting from 2020 to 2030. Future Market Insights (FMI) forecasts the market to thrive in (MEA) despite disruptions witnessed during COVID-19. The market will recover from the temporary period of lull as governments focus on improving agricultural yield to feed their growing population. The report offers exclusive insights into the market. It highlights growth opportunities and gauges the impact of developments witnessed worldwide.
Driven by rising environmental concerns, governments in the Middle East and Africa (MEA) are focusing on up-scaling the production of bio-stimulants that have minimum or zero emissions. They are various launching programs to educate farmers regarding the numerous benefits of biostimulants. Such efforts by governments are driving the MEA biostimulant market.
Besides this, the demand for increasing per hectare crop yield to meet the food demand of the rising population and scarcity of water and land in the region are fuelling the demand for biostimulants. Climate conditions prevalent in most part of the Middle East and Africa do not always favor agricultural activities. This has been favoring the expansion of the biostimulant market size in the region.
Future Market Insights has forecast the market to exhibit 7.8% CAGR between 2020 and 2030. According to the biostimulants market report, the demand for seaweed extracts, protein hydrolysate, amino acid, humic acid, and fulvic acid based biostimulant will consistently rise as the region seeks out effective ways of improving agricultural yields.
Demand for Sustainable Agricultural Practices Spurring Growth
Bio-stimulants are plant growth substances that spur growth and development in plants throughout the crop life cycle from seed germination to plant maturity. They work primarily on enhancing the plant's metabolism to induce increased yield. They further support the plants by increasing their tolerance and potential to recover from abiotic stresses.
Besides this, bio-stimulants aid in root system development, improving photosynthetic activities, enhancing plant uniformity, and streamline flowering. As a result, they are recognized as facilitators for nutrient absorption, and translocation. Due to various benefits they offer, biostimulants have become integral to sustainable agricultural practices adopted across the region and the world.
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Decreasing Arable Land Fuelling Demand
According to the United Nations' World Population Prospects 2017 report, the world's fastest-growing population from 2010 to 2015 were from countries in the MEA. By 2050 the Middle East and Africa is projected to become home to a population that will be more than the combined populations of China and India. As a result, the region will witness a surge in demand for bio-stimulants to meet the food requirements of expanding population.
Besides the increase in population, the MEA biostimulants market is driven by decrease in the availability of arable land. The availability of arable land has declined significantly due to soil erosion. Furthermore, with a consistently rising population, there has been an increase in residential constructions which have further decreased the availability of arable land in MEA.
Frequent plowing of fields and a rise in the use of chemical-based fertilizers have led to soil degradation. In this scenario, bio-stimulants work as eco-friendly solutions that not only improve the quality and quantity of the crop but enrich the composition and nutrition value of the soil. Thus, a decline in the availability of arable land and increasing population are anticipated to create lucrative opportunities for market players operating in the MEA biostimulants market during the forecast period.
COVID-19 Results in Limiting Market Growth
The outbreak of the COVID-19 pandemic has impacted almost all industries. The pandemic caused negative impact on the global bio-stimulants market, including the MEA market. Governments in MEA, even in all countries across the globe, are imposing partial or complete lockdowns in phases to contain and limit the spread of the coronavirus disease. As a result, the supply chain is disrupted and manufacturing activities have come to halt.
Besides this, since the agricultural biostimulants market is driven by agricultural activities, the shortage of migrant labor has posed significant threat to its day-to-day operations. This has led to a decrease in demand in the MEA market for biostimulants. Furthermore, strict travel and transportation restrictions in the initial months of the pandemic made the transportation of raw materials difficult. Owing to this, MEA biostimulant manufacturers had to face shortage of raw material.
Lack of awareness among farmers about the efficacy and advantages of bio-stimulants is expected to limit the growth in the Middle East and Africa biostimulants market. Besides, many countries lack regulations regarding the commercialization of products. This leads to a lack of trust in new products and is restraining market growth. This will cause decelerating sales of acid-based biostimulants, seaweed extracts biostimulants, and others.
Turkey Bio-Stimulants Market
Turkey is the most attractive plant biostimulants market in the MEA. Growth witnessed by the country is attributable to the high dedication of the Turkish government towards the expansion of agriculture.
Turkey intends to be amongst the top five agricultural producers by 2023. To achieve this, their government is constantly passing projects such as National Agricultural Project that intends to strengthen and expand the sector, by crop diversification and improved productivity.
Besides this, the government is providing training to create awareness on sustainable agricultural practices. Additionally, the country is encouraging the adoption of novel agricultural techniques and practices ensure improved yield. Such projects are likely to support the growth of the market in Turkey.
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Nigeria Bio-Stimulants Market
Nigeria is a lucrative market for biostimulants in MEA. Growth witnessed in Nigeria is primarily propelled by the presence of several international agricultural organizations that are supporting sustainable agricultural practices in the country.
For instance, Olam, a leading international food and agri-services organization, is working in Nigeria. From educating farmers to driving them towards new sustainable approaches, the market in Nigeria is gaining significantly from the functioning of such organizations in the country. Besides, owing to an ever-increasing population in Nigeria, the food demand is growing at a higher pace. Consequently, this is inducing a rise in demand for bio-stimulants in the country.
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Egypt Bio-Stimulants Market
Egypt accounts for a sizeable share in the MEA. Adverse climatic conditions and water scarcity due to the limited source of water from the Nile River as the main water source are the key factors driving the market in Egypt. Moreover, nearly 96 percent of total area in the country is desert. Lack of forests, pastures, and meadows poses a substantial burden on little arable land available, which accounts for an insignificant percentage of the total area.
Since the land in Egypt is not self-sufficient to nourish crops with an adequate amount of nutrients, the seed biostimulants market is recording surging sales in Egypt. Furthermore, organizations and government in Egypt are working on making agriculture more sustainable which is, in turn, increasing the demand for bio-stimulants.
They are further investing to strengthen the country's food systems to become more efficient, specifically in terms of import supply chains and subsectors with high export potential. According to recent bio-stimulants market report by FMI, this is likely to pose a positive impact on the market for bio-stimulants in Egypt.
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Foliar Leads by Application
The foliar segment is leading the market and is projected to witness a surging sales through the forecast period. Growth witnessed in the segment is attributable to the increasing adoption of foliar sprays due to their numerous benefits for high-value crops.
Foliar sprays and treatments also are more convenient than other applications which further makes it the most preferred alternative. Furthermore, foliar bio-stimulants increase the plants' production by improving its adaptation to adverse environmental stresses. This is further augmenting the growth within the segment.
Acid-Based Remains Dominant
Biostimulants market by active ingredients can be segmented into acid-based, extract-based, and others. Of these, the acid-based segment is forecast to remain dominant throughout the forecast period. Growth registered in the acid-based bio-stimulants segment is principally attributable to a wide range of benefits they offer to the plant such as higher efficiency, and easy availability.
Fruits & Vegetables Continues Lead
Based on crops, the fruits and vegetable segment is projected to lead the market. Growth witnessed by the segment is attributable to the increasing use of bio-stimulants in the production of fruits and vegetables. However, according to FMI, the growth of the market would have been more pronounced but, COVID-19 caused disruptions in agricultural activities. This, in turn, has resulted in fall in demand for bio-stimulants in MEA.
The MEA bio-stimulants market is extremely competitive because of decreasing arable land and increasing population in the countries. The demand for biostimulants is expected to surge significantly in the region. This also has marked the entry of several newcomers to the market.
According to FMI’s biostimulant market analysis, promotional activities undertaken by governments are augmenting the demand. This has encouraged the MEA bio-stimulants manufacturers to actively participate in research and development (R&D) activities in order to gain competitive edge.
Leading players are increasingly adopting strategies such as investments, mergers and acquisitions, and collaborations to expand their product portfolio and maintain their position in the market.
Some of the leading players operating in the market in MEA include
- BASF SE
- Biostadt India Limited
- Valagro SpA
- Novozymes A/S
- Biolchim SpA
- Isagro SpA
- Koppert B.V.
The list is only indicative – a full list of MEA bio-stimulants market key players is available upon request
Middle East and Africa Bio-Stimulants Market Report: Scope
Historical Data Available for
Growth Rate (2020-2030)
US$ Mn for Market Value and Units for Market Volume
Key Countries Covered
Egypt, Algeria, Morocco, Nigeria, South Africa, Ghana, Tunisia, Senegal, GCC Countries, Turkey, Libya
Key Segments Covered
Application, Active Ingredients, Crops
Key Companies Profiled
BASF SE, Biostadt India Limited, Valagro SpA, Novozymes A/S, Biolchim SpA, Isagro SpA, Koppert B.V.
Market Forecast, Competitive Landscape, Country-wise and Category-wise Insights, COVID-19 Impacts, Key Trends, Key Challenges
Customization & Pricing
Key Questions Answered by the Report
- At what rate the MEA bio-stimulants market is forecast to grow?
According to FMI, the market is expected to rise over 5% CAGR between 2020 and 2030.
- Which are the lucrative markets for MEA bio-stimulants?
Turkey holds lion’s share of the market. Nigeria and Egypt account for a sizeable share of the market backed by surging demand and production.
- Which are the top companies in the MEA bio-stimulants market?
Some of the leading companies operating in the MEA bio-stimulants market are BASF SE, Biostadt India Limited, Valagro SpA, Novozymes A/S, Biolchim SpA, Isagro SpA, and Koppert B.V. among others.
- What is the outlook on the MEA bio-stimulants market?
Due to COVID-19, manufacturing activities of the market were affected owing to the restrictions imposed by governments and shortage of raw material. But, FMI foresees recovery on account of the rising demand for bio-based agri-substances.
- What are the key challenges witnessed in the MEA bio-stimulants market?
Lack of awareness among farmers regarding the benefits of bio-stimulants and less-efficient regulations for the commercialization of products leading to lack of trust on new products are hampering the growth of the market.
- Production of which crops in MEA requires the use of biostimulants?
According to FMI, the use of biostimulants will rise to improve the yield of fruits & vegetables in the Middle East and Africa.
- What are key trends driving the MEA bio-stimulants market?
The market will register surge in demand for bio-stimulants primarily due to the favorable initiatives adopted by governments. These campaigns are often aimed at encouraging the adoption of bio-stimulants to counter the impact of decreasing arable land, increasing population, and water scarcity in the region.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the report on the MEA bio-stimulants market has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request detailed methodology.
- Who are the respondents for primary research?
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- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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- Row Crops
- Fruits and Vegetables
- Turfs & Ornamentals
- Other Crop Types
- South Africa
- GCC Countries