March 12, 2020
According to the research report titled ‘Egypt & Tunisia Biopesticides Market Size, By Product, Application, Crop, Form, Source By Active Ingredients, Application, Crop, Form and Biofertilizers Market Size, By Product, Application, Crop, Form, Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2018 – 2024’, available at Market Study Report LLC, Egypt & Tunisia biopesticides market is expected to surpass USD 313 million by the year 2024.
As per the report, surging development in agriculture sector is a major factor driving the Egypt & Tunisia biopesticides market growth. Notably, agriculture sector plays a significant role in the economic development of the two countries given that the employment in Egypt & Tunisia is majorly influenced by agriculture-based activities. Favorable government initiatives towards development of agriculture sector is therefore largely impacting the market expansion.
Moreover, growing demand for organic food items has also compelled farmers to adopt biopesticides. Add to this, factors such as low-quality water, low precipitation and hot climatic conditions have enhanced the salinity issues in Egypt & Tunisia, further stimulating the industry outlook.
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As per product type, nitrogen-fixing biofertilizers market segment is expected to register significant growth during the forecast period. This product type offers various benefits such as high nutritional content, easy availability and cost-effectiveness. Additionally, biofertilizers that comprise of rhizobium, azospirilium, blue-green algae and azotobacter help in improving the fertility of the land.
The report states that seed treatment applications of biopesticides in Egypt & Tunisia is presumed to expand substantially during the estimated timeframe. The product offers high crop yield and non-toxicity properties. The use of biopesticides not only helps in disinfecting the seeds from pathogens but also improves the seed performance. In addition, it improves the nutritional uptake of crops and is exceptionally effective in safeguarding the crop from pest attacks.
By crop, fruits & vegetables segment will witness lucrative growth in the forthcoming years. Biofertilizers facilitates early growth and improves the shelf life of fruits & vegetables. Moreover, it provides protection from diseases, enhances the quality of the produce and improves the color and the size of the fruits & vegetables, thereby boosting the product demand across fruits & vegetables produce.
The report cites that dry form biopesticides market segment is predicted to acquire notable gains in the subsequent years. Factors such as cost-effectiveness, easy transportation and handling have enhanced the adoption rates of dry biopesticides. The product is used in various applications such as dilution in water, micro granules, water dispersible granules, seed dressing formulations.
The prominent companies operating in the Egypt & Tunisia biopesticides industry are Mahafeed Specialty Fertilizers Pvt. Ltd., Artal Agronutrients, Valagro, Tradecorp Nutri Performance, Evergrow, Cairochem, Multimol Micro Fertilizer Indsutries, Seipasa S.A., Certis, Chema Indsutries, CAIRO CHEM and Agrolink.
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