According to TechSci Research report, “Egypt Fertilizers Market - By Region, Competition Forecast and Opportunities, 2028,” The market is anticipated to increase at an impressive rate during the forecast period. The market is expected to grow impressively through 2028, thanks to government support for the agriculture industry.
Fertilizers play a vital role in agriculture and horticulture. They provide essential nutrients to plants, increase crop yield and quality, and improve soil fertility. However, overuse of fertilizers can have negative impacts on the environment, such as soil and water pollution. To mitigate these impacts, it is essential to use fertilizers responsibly and sustainably, ensuring that they are applied correctly and in appropriate amounts.
Phosphate fertilizers are essential for the growth of plants' roots and are used in a wide range of crops, including fruits, vegetables, and cereals. The most commonly used phosphate fertilizers in Egypt are diammonium phosphate (DAP) and triple superphosphate (TSP). DAP is produced locally by the Abu Tartour Phosphate Company, while TSP is imported from several countries, including China and Russia.
The government of Egypt has implemented several initiatives to support the agriculture sector, including the provision of subsidies for fertilizers and other inputs. The government also launched the "One Million Feddan" project, which aims to cultivate one million acres of land and increase agricultural production.
In addition to government support, the Egypt fertilizers market is benefiting from the growing population and the consequent increase in the demand for food. According to the United Nations, Egypt's population is expected to reach 151 million by 2050. The increasing population is driving the demand for food, which, in turn, is driving the demand for fertilizers in the country.
The Egypt fertilizers market faces several challenges, including the limited availability of raw materials, high production costs, and the impact of the COVID-19 pandemic. The production of fertilizers requires a steady supply of raw materials, including natural gas, which is the main raw material used in the production of nitrogen fertilizers.
The high cost of production is another challenge facing the Egypt fertilizers market. According to a report by the World Bank, the cost of producing urea in Egypt is higher than the international average due to the high cost of natural gas and other inputs.
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The Egypt government has also implemented regulatory reforms to attract more investment in the fertilizers sector. In 2019, the government approved a new investment law that provides tax incentives and other benefits for investors in the sector. Additionally, the government streamlined the process for obtaining permits and licenses for new fertilizer projects, which has helped to attract more investment in the sector.
The Egypt fertilizers market is segmented based on form, application, crop type, and region.
Based on form, the market is divided into dry and liquid. The dry fertilizers segment is expected to hold the largest market share in the forecast period.
Based on crop type, the market is divided into field crops, horticultural crops, and turf & ornamental. The increasing government support for the agriculture industry is the primary reason behind the growth of this segment.
Major companies operating in The Egypt fertilizers market are:
- El-Nasr Company for Intermediate Chemicals
- Abu Qir Fertilizers and Chemical Industries Company
- Egyptian Chemical Industries
- Alexandria Fertilizers Company
- Helwan Fertilizers Company
- Misr Fertilizers Production Company
- Aswan Fertilizer and Chemicals Company
- Elixir Group
- Suez Fertilizer Company
- TCI Sanmar Chemicals S.A.E
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“The Egypt fertilizers market is driven by a combination of factors, including government support, population growth, urbanization, favorable climate, and technological advancements. These drivers have created a favorable environment for the demand and production of fertilizers, making it possible to meet the augmenting need for food in the country. As the population continues to grow and urbanization increases, the importance of fertilizers in agriculture will only become more critical, making it likely that the Egypt fertilizers market will continue to grow in the years to come." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Egypt Fertilizers Market By Form (Dry, Liquid), By Application (Agriculture, Horticulture, Gardening), By Crop Type (Field Crops, Horticultural Crops, Turf, Ornamental) By Region, Competition, Forecast & Opportunities, 2028” has evaluated the future growth potential of Egypt Fertilizers market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Egypt fertilizers market.
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