Saudi Arabia Agrochemicals Market Outlook

over the past few years, saudi arabia's agrochemical industry has seen significant growth in both production and exports. as of 2018, the country boasted the third-largest gdp in the middle east, and its agrochemical industry showed the highest growth rate among middle eastern countries. the country has a long history of agriculture, and agrochemicals have also featured prominently in its agricultural sector. saudi farmers have used agrochemical products to maintain higher yields and healthier crops with lower agricultural costs compared to other countries in the region. with the growth of the oil industry in the country, the introduction of agrochemical production in the country has also been increasing. key factors driving growth in the saudi arabia’s agrochemicals market are the increasing demand for organic products, the implementation of innovative agrochemical solutions, and intensive agricultural production. as the country continues to invest in advanced tec... hnologies and strategies to promote the growth of the sector, the demand for agrochemical products is likely to remain high. in terms of the country's competitive landscape, the two largest players in the market, saudi basic industries corporation (sabic) and advanced industrial material (aim), are well-established and highly influential in the region. domestic manufacturers have also been active in the agrochemical market and hold a significant market share. companies such as almarai and al-wataniyah are major local suppliers and hold a significant market share. the outlook of the saudi arabia’s agrochemical market is largely positive. with the country’s investments in agricultural production and research, along with the introduction of various innovative agrochemical solutions, the market is expected to grow in the coming years. all in all, the outlook for the agrochemicals market in saudi arabia remains positive and will likely remain so for the foreseeable future.   Read more