Nigeria crop protection market is expanding as a result of shifting consumer preferences, rising crop protection product investment, climate change and the rising population. Major players in the Crop Protection market in Nigeria include Bayer, BASF SE, Syngenta and FMC.
- The biopesticides segment of the market is projected to register a higher CAGR than synthetic pesticides during the forecast period.
- The major players are strengthening their presence across the country through various activities such as mergers & acquisitions, expansion of their production units, warehouses, and distribution channels, investment in R&D, and new product developments.
- The growing trend of veganism will drive the market for agriculture and crop protection by increasing the requirement for the development of plant-based foods.
Government Initiatives: Government's investment and implementation of policies will improve the productivity and competitiveness of the sector. For instance, The Federal Government of Nigeria has implemented policies such as the Agricultural Transformation Agenda (ATA) and the Green Alternative, which aim to promote the use of improved seeds, fertilizers, and other crop inputs, including crop protection products, to improve crop yields and the productivity of the agriculture sector. These policies have led to an increase in the use of crop protection products as farmers aim to improve crop yields and quality to meet the growing demand for food in the country. Another example is the government's investment in infrastructure development, such as the construction of rural roads and irrigation systems, which allows farmers in remote areas to transport their crops to urban markets, and irrigate their crops during dry seasons. This increase in the accessibility of rural farmers to urban markets and irrigation systems has led to an increase in the cultivation of cash crops such as cocoa, rubber, and palm oil, leading to a growing need for crop protection products in Nigeria.
Climate Change: Climate change is leading to changes in weather patterns, such as unpredictable rainfall and increasing temperatures, which can cause pests and diseases which are affecting crop growth and leading to increased pest and disease pressure. For example, prolonged dry spells can lead to an increase in the population of pests such as stem borers and aphids, which can damage crops and reduce crop yields. Similarly, heavy rainfall can lead to increased fungal diseases, such as rust and leaf spot, which can also damage crops and reduce yields. Furthermore, the changing temperature regimes are promoting pests like Tomato yellow leaf curl virus, causing heavy losses in tomato crops. So, farmers in Nigeria are turning to crop protection products, such as pesticides, herbicides, and fungicides, to protect their crops from these pests and diseases. As a result, the demand for crop protection products is increasing.
Analysts at Ken Research in their latest publication “Nigeria Crop Protection Market Outlook to 2027F - Segmented by Type (Pesticides (Herbicides, Insecticides, Fungicides, others) and Bio-pesticides (Bio-chemical pesticides, Microbial Pesticides, others)) by Crop Type (Cereal, Vegetable and Forage Crops)” observed the potential of the Crop Protection Market in Nigeria. The growing population, change in eating habits, Climate change along with government initiatives are expected to contribute to the market growth over the forecast period. The Nigeria Crop Protection Market is expected to grow at ~% CAGR over the forecasted period 2023-2027F.
Key Segments Covered:-
Nigeria Crop Protection Market:
Type of Pesticides
Herbicides
Insecticides
Fungicides
Biopesticides
Others (Rodenticides, Plant Growth Regulators, Adjuvants)
Nature of Pesticides
Generic
Patented
Form of Pesticides
Liquid
Granules and Powder
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Market Structure
Organized
Unorganized
By Source
Domestic
Import
Type of Crops
Pulses and Oilseed
Grains and Cereals
Fruits and Vegetables
Commercial Crops
Turfs and Ornamental
Key Target Audience
Crop Protection Companies
Crop Protection Associations
International Investors
Chemical Companies
International Crop Protection Companies
Venture Capitalist Firms
Agrochemical Manufacturers
Raw Material Suppliers
Research & Development Institutes
Government Bodies & Regulating Authorities
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Time Period Captured in the Report
Historical Year: 2017-2021
Base Year: 2022
Forecast Period: 2023– 2027F
Companies Covered:
Bayer SA
Syngenta
BASF S.A.
Monsanto
FMC Corporation
Dow AgroSciences
Key Topics Covered in the Report
Nigeria Crop Protection Market Overview and Genesis (Overview and Genesis including Market Stage, Market Nature and Growth Drivers, Business Cycle Graph)
Nigeria Crop Protection Market Value Chain Analysis
Overview of Nigeria Agricultural Scenario (Agricultural Overview, Contribution to GDP, Planted Area and Production, Mechanization Rate, Major Crops, Climate, Challenges and Sources of Credit)
Introduction to Nigeria Crop Protection Market
Nigeria Crop Protection Market Segmentation
Trade Scenario in Nigeria Crop Protection Market (By Value, By Volume and By Countries)
Decision Making Process Used by Farmers before Purchasing Crop Protection Products
Trends and Developments in Nigeria Crop Protection Market
Issues and Challenges in Nigeria Crop Protection Market
Nigeria Crop Protection Market Regulations
SWOT Analysis Nigeria Crop Protection Market
Nigeria Crop Protection Market Competition Scenario (Competition Scenario, Strength and Weakness, Market Share, Competition Scenario of Major Players)
Nigeria Crop Protection Market Future Projection, 2022-2027F
Future Outlook of Nigeria Crop Protection Market Segmentations, 2022-2027F
Analyst Recommendations
For more information on the research report, refer to below link:-
Nigeria Crop Protection Market
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