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)
January 2023
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About the Report
About the Report
The report provides a comprehensive analysis of the potential of the Crop Protection market in Nigeria. The report covers an overview and genesis of the industry, and market size in terms of revenue generated.
Its market segmentations include by Pesticides and Bio-pesticides, crop type, market source and by market structure, by form; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Nigeria Crop Protection Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022 – is forecasted to grow further into a USD ~ Bn opportunity by 2027F, owing to more natural resources in the country and the high agronomic knowledge on tropical conditions.
- The registered chemicals distributors in Nigeria supply to large-scale farmers either directly or through their local agents at the retail level. Thus, it is estimated that more than half of pesticides are sold to the large-scale farms through direct sales by the companies and distributors and rest through government agencies and ADPs to small-scale farmers.
- There are two types of pesticides available on the market: synthetic and biological. A rise in the use of bio-pesticides is being caused by growing worries about environmental and food safety.
Key Trends by Market Segment:
By Type: The biopesticides segment of the market is projected to register a higher CAGR than synthetic pesticides during the forecast period in the country due to rising demand for food safety and quality in the country.
By Type of Crop: Pulses and oil seeds hold the largest segment in type of crop in the Nigeria crop protection. Cocoa beans and cashew nuts are the major agriculture products exported in the country.
Competitive Landscape
Future Outlook
Nigeria Crop Protection market is projected to witness a CAGR of ~% between 2022 to 2027F. This is majorly due to the growing population, change in eating habits, Climate change along with government initiatives.
The Crop Protection market in Nigeria is expected to witness a drive towards sustainable, cost-effective crop protection chemicals to ensure that input costs remain as low as possible due to limited financing and high operating expenses.
Scope Of The Report
Scope of the Report
|
Type of Pesticides |
Herbicides Insecticides Fungicides Biopesticides Rodenticides, Plant Growth Regulators, Adjuvants |
|
Nature of Pesticides |
Generic Patented Form of Pesticides Liquid Granules and Powder |
|
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 |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- 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
Time Period Captured in the Report
- Historical Period: 2017-2021
- Base Period: 2022
- Forecast Period: 2023-2027
Companies
Major Players Mentioned in the Report
Crop Protection Companies
- Bayer SA
- Syngenta
- BASF S.A.
- Monsanto
- FMC Corporation
- Dow AgroSciences
Table of Contents
Table of Contents
1. Executive Summary
2. Nigeria Crop Protection Market Overview
2.1 Taxonomy of Nigeria Crop Protection Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for Nigeria Crop Protection Market
2.5 Growth Drivers of Nigeria Crop Protection Market
2.6 Issues and Challenges of Nigeria Crop Protection Market
2.7 Impact of COVID-19 on Nigeria Crop Protection Market
2.8 SWOT Analysis
3. Nigeria Crop Protection Market Size, 2017 – 2022
4. Nigeria Crop Protection Market Segmentation
4.1 By Product Type, 2017 - 2022
4.2 By Application, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Bayer SA
5.3.2 Syngenta
5.3.3 BASF S.A.
5.3.4 Monsanto
5.3.5 FMC Corporation Koppert Beheer
6. Nigeria Crop Protection Future Market Size, 2022 – 2027
7. Nigeria Crop Protection Future Market Segmentation
7.1 By Product Type, 2022 - 2027
7.2 By Application, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Our team will initially create an ecosystem for all the major entities in the Crop Protection Market that are providing Crop Protection services in Nigeria Market.
Step 2: Market Building:
In the next step, we will refer to multiple secondary and proprietary databases to perform deck research around the market and collate industry-level information such as type of market structure, and consumption in terms of value to create an initial level hypothesis. We will also explore company-level info by referring press releases, annual reports, financial statements, and other documents to understand basic information about the companies and market level.
Step 3: Validating and Finalizing:
Later our team will conduct a series of Interviews with multiple C-Level Executive and other stakeholders belonging to different companies to confirm the market hypothesis, validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Furthermore, to validate this data our team will pitch each company as a potential customer through a mystery shopping exercise and will confirm the operational and financial performance of Nigeria Crop Protection Market Entities which have been shared by company executives and available on secondary databases. We will be conducting another set of CATIs with the respective entities to understand customer behavior, channel preference, and other factors. We will also assess customer analysis in terms of their preferences and pain points.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Nigeria Crop Protection Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
02 What is the Future Growth Rate of the Nigeria Crop Protection Market?
The Nigeria Crop Protection Market is expected to witness a CAGR of ~% over the next five years.
03 What are the Key Factors Driving the Nigeria Crop Protection Market?
The growing population, change in eating habits, Climate change along with government initiatives
04 Who are the Key Players in the Nigeria Crop Protection Market?
Bayer, BASF SE, Syngenta and FMC are the major players in Nigeria Crop Protection Market.
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