The African agrochemicals industry's current state

The "Africa Agrochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)" # 120 p.

With agriculture taking precedence in numerous African government agendas, notable increments in national budget allocations to this sector are observed, alongside increasing private sector investment. Concurrently, key market players are emphasizing innovation and partnership, which signals a dynamic shift towards more advanced agrochemical solutions to meet the burgeoning demands of the agricultural sector. 

African fertilizers manufacturing plants

According to the Africa Fertilizers Organization report, a total of 14 fertilizer manufacturing plants were mapped in 2020. 

• There were 151 fertilizer plants in Africa in 2020, including 87 processing plants, 15 organic plants, and 35 new facilities apart from the manufacturing plants. 
• Malawi accounts for only two fertilizer processing plants, and 
• Zambia has four, whereas 
• Mozambique possesses five processing plants, with one being established in 2020. 
• However, there are no fertilizer plants in Congo.

African Agrochemicals Market 

The African Agrochemicals Market is witnessing a transformation influenced by government efforts, population growth, and the push for food security.

Increased food production necessitates the use of agrochemicals such as fertilizers and pesticides to ensure sustainable agriculture in the face of changing climate conditions.

The fertilizer segment, essential for high crop yields, is expected to see substantial growth with the industry's move towards organic options aligning with sustainable development goals.

Due to the growing demand for food safety and quality, biopesticides are also gaining increasing popularity over their synthetic counterparts.

This comprehensive market analysis captures the essence of the African agrochemicals industry's current state and its trajectory in the coming years. Through detailed insight into market trends, product preferences, and consumer demands, stakeholders can better navigate the evolving agricultural landscape and the critical role of agrochemicals in ensuring food security for the continent's rapidly growing and urbanizing population.

Africa Agrochemicals Industry Overview

A selection of companies mentioned in this report includes

• Bayer Crop Science 
• AGSyngenta International AG
• Adama Agricultural Solutions
• FMC Corporation
• Corteva Agrisciences
• Yara International
• UPL
• BASF SE
• Sumitomo Corporati
• Nufarm

The African agrochemicals market is a fairly consolidated market, and the major players accounted for a significant share in 2022. In terms of market share, Sasol Limited, Yara International, Bayer, Syngenta, and BASF SE are some of the key players dominating the market. Companies like Bayer and Corteva have recently merged together, and they have invented new products for the crop protection segment. Bayer has made a partnership with companies like Kimetic and M2i Group. This partnership will bring a lot of developments in crop protection. Also, companies working in the field of crop protection, along with their R&D center, are continuously working hard to bring some innovative products that will contribute to the agrochemicals sector.

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