Prominent Reasons behind the exponential growth of the GCC Fertilizer Market

According to the MarkNtel Advisors research report, “GCC Fertilizer Market Analysis, 2021,” the market shall grow at a CAGR of 8.9% in the forecast period of 2021-26. Some crucial factors supporting the growth of the GCC Fertilizer Market are the flooding population causing food scarcity and booming demand for food grains to suffice the needs in the region. Furthermore, the growing awareness amongst agriculture communities about using fertilizers to boost productivity and high fertilizer demand from different countries is another crucial factor expanding the fertilizer market growth in the GCC region.

Key questions answered in the study
1. What are the current and future trends in GCC Fertilizer Market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the GCC Fertilizer Market?
5. What are the customer orientation, purchase behavior, and expectations from the GCC Fertilizer Market service provider across various countries?

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United Arab Emirates likely to attain the Fastest Market Growth

Based on the Consumption figures, the GCC region has attained massive growth in recent years and is likely to continue its growth in the forecast years, too. In recent years, the consumption of fertilizers in the United Arab Emirates was approximately 745.3 kilograms per hectare. The consumption figures of the United Arab Emirates fluctuated substantially in recent years. However, they eventually increased in the later period at 745.3 kilograms per hectare. This credits to factors like the green revolution leading to impressive progress in growing crop yields and maintaining agricultural research and development. Hence, considering the factors cited above, UAE is likely to attain robust growth in the forecast period.

Nitrogenous to Witness the Largest Market Share
Based on the Product Type, the GCC Fertilizer market segments into Nitrogenous, Phosphatic, Potassic, and Other fertilizers, and each is growing exponentially. Of all, Nitrogenous Fertilizers are more likely to attain the largest market share in the forecast years. The GCC market extends nitrogenous fertilizers in urea, ammonium sulfate, ammonia, calcium ammonium nitrate, etc., with alternating balances of the nutrient value providing better plant growth for faster yield. Furthermore, it owes to the rising trend of commercial agriculture for nitrogenous fertilizers across the region, thereby raising their demand for proper nutrition to food crops and yield. Hence, based on these factors, the Nitrogenous Fertilizers segment shall witness the largest market share in the forecast years.

“GCC Fertilizer Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Agriculture Analytics providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

For detailed analysis: https://www.marknteladvisors.com/research-library/gcc-fertilizer-market.html

According to MarkNtel Advisors, the leading players in the GCC Fertilizer Market are Qatar Fertilizer Company, Saudi Arabian Fertilizer Company, Gulf Petrochemical Industries Company, Fertil and Emirates BioFertilizer Factory, Emirates Bio Fertilizer Factory, Abu Dhabi Fertilizer Industries Co. W.L.L, RNZ International FZCO, SABIC, RNZ International FZCO, Ma’aden Wa’ad Al-Shamal Phosphate.

Market Segmentation:
1. By Product Type (Nitrogenous Fertilizer, Phosphatic, Potassic, Others)
2. By Country (UAE, Saudi Arabia, Bahrain, Kuwait, Oman Qatar)
3. By Competitors (Qatar Fertilizer Company, Saudi Arabian Fertilizer Company, Gulf Petrochemical Industries Company, Fertil and Emirates BioFertilizer Factory, Emirates Bio Fertilizer Factory, Abu Dhabi Fertilizer Industries Co. W.L.L, RNZ International FZCO, SABIC, RNZ International FZCO, Ma’aden Wa’ad Al-Shamal Phosphate)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.