UAE Pesticide Market, Forecast and Opportunities, 2028

1. 2018 – 2028F UAE PESTICIDES MARKET FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

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6. Product Overview

7. Scope of Report Product of Interest (POI): Pesticide Pesticide refers to any substance or a mixture of substances that can kill, repel, or control pests and is basically used as a plant regulator, defoliator, or desiccant. A pesticide can be both organic or chemical in origin, and the term pesticide can be applied to a wide spectrum of products, including herbicides, fungicides, insecticides, rodenticides, among others. Different types of pesticides are used for different purposes. For instance, insecticides are used to eradicate and control insects. Similarly, rodenticides are used to kill or control rodents. BY TYPE BY CROP TYPE Market Segmentation Review Period 2018 – 2021 Base Year 2022 Estimated Year 2023 Forecast Period 2024 – 2028 • Herbicide • Insecticide • Fungicide • Others Year Range • Oilseeds & Pulses • Grains & Cereals • Fruits & Vegetables • Others UAE PESTICIDE MARKET BY FORM • Liquid • Dry BY REGION • Abu Dhabi • Dubai • Sharjah • Rest of UAE BY PRODUCT TYPE • Chemical • Organic BY SOURCE • Domestic • Import 7

8. Product Overview • A pesticide is a chemical compound (such as carbamate) or a biological agent (such as a virus, bacteria, or fungus) that incapacitates, kills, or otherwise prevents pests. Additionally, the kind of pests such as insects, bacteria, fungicide, etc. that a pesticide controls, is used to identify the specific type of pesticide. Pesticides can be persistent/non-biodegradable, which can take months or years to break down, or biodegradable pesticides, which are broken down into harmless molecules by bacteria and other living beings. • Classification of Pesticides according to the types of pests they kill: • Insecticides – Insects • Herbicide – Plants • Rodenticides – Rodents (rats & mice) • Bactericides – Bacteria • Fungicides – Fungicide • Larvicides – Larvae • Herbicide is a chemical compound used to kill or impede the growth of undesired plants, such as weeds and invasive species in residential and agricultural areas. Chemical herbicides offer various benefits over mechanical weed control, such as ease of application, which can save money on labor. Although most herbicides are generally safe for animals and people, they can kill nontarget plants and insects that rely on them, especially when used aerially. • Insecticides are pesticides designed to kill, injure, repel, or control one or more insect species. Insecticides have a variety of effects. For instance, some insecticides cause nervous system disruption in insects, while others harm their exoskeletons, repel them, or control them in other ways. Sprays, dusts, gels, and baits are just some of the ways they might be packaged. • Fungicides are pesticides that kill or prevent fungus and their spores from growing. They are used to manage plant-damaging fungi such as rusts, mildews, and blights. They are also used to keep mold and mildew at bay in other places. Fungicides function in several ways, but most of them harm fungal cell membranes or prevent fungal cells from producing energy. 8

9. Product Overview • There are many other types of insecticides such as Rodenticides, Bactericides & Larvicides. These are used to control different types of unwanted living organisms in the agricultural fields. • Pesticides provide various significant advantages. Some are mentioned below: • Monitoring pests and disease vectors in plants. • Monitoring disease vectors and nuisance organisms in humans and livestock. • Managing organisms that pose a threat to other human activities and infrastructure. • A pesticide can be either of chemical or organic in origin. • Organic pesticides are typically created from naturally occurring substances, such as minerals, plants, and animals. These compounds degrade rather quickly due to the favorability of environment or soil bacteria. A chemical pesticide, commonly referred to as a synthetic pesticide, is something that is produced using chemical processes or through a procedure that chemically alters a component that has been derived from naturally occurring plant, animal, or mineral sources. Conventional pesticides are another name for chemical pesticides. • A formulation for a pesticide can either be dry or liquid in composition. Granules, wettable powders, soluble powders, etc. are examples of dry formulations. A liquid insecticide, however, must be diluted with water to create a final spray. This can be a suspension, solution, or emulsion. • Pesticides can be used on a wide range of crop types including Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, and others. A pesticide is used whenever a crop becomes susceptible to pest attacks. 9

10. Research Methodology

11. Research Methodology Market Profiling Data Analysis Data Validation Developing list of respondents Data Collection Formulating Questionnaire In-depth secondary research was conducted to determine the overall market size, segmental market size, and top players in the UAE Pesticides market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the UAE Pesticides market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Data Collection Data Filter & Analysis Business Solution Research & Intelligence Actionable Insights Desk Research Primary Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers • EMIS 11

12. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the UAE Pesticides market. The team has analyzed the outlook of various segments of this market while considering the major influencing factors such as growing demand for food grains, increasing prevalence of weeds & pest attacks, among others. The study also includes market forecasting, which enables our clients to take better decisions while planning their strategy to achieve sustainability in the UAE Pesticides market. Methodology Followed for Calculation of Market Size: • Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2022, was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as pesticide companies, channel partners, end users, industry experts, and other industry participants. • The team interviewed 15 pesticide companies, 300 end users and 10 industry experts, and other value chain stakeholders in the UAE pesticides market to obtain the overall market size from 2017 to 2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during the historical period. • Respondents were asked about the current and future market growth rates, market shares by type, by form, by product type, by crop type, by source, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and category wise revenue shares generated across various segments were considered, to arrive at final revenue shares. 12

13. Research Methodology Revenue shares generated across various segments were further triangulated based on the response received from other stakeholders. Methodology Followed For Calculation of Market Shares: • Market shares by type, by form, by product type, by source, by crop type, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of the UAE Pesticides market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through surveys with logic checks and analyzed the survey results in SPSS/Tableau software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the UAE Pesticides market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis 13

14. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium, and long-term period to estimate the demand and to reach accurate market numbers. The currency used in the report is the United States Dollar (with the market size indicated in USD million). 14

15. Industry Brief The increasing adoption rate of modern farming procedures among farmers and supportive government policies drive the demand for the UAE pesticides market. According to TechSci Research report, “UAE Pesticides Market - By Region, Competition Forecast and Opportunities, 2018-2028”, the UAE Pesticides Market stood at USD183.32 million in 2022 and is expected to grow at steady rate of 4.51% during the forecast period. The rise in crop production, growing awareness of new technology and rise in government initiatives are the primary factors driving the demand for the UAE Pesticides Market. In UAE, the government is providing enormous amount of funds for the development of agricultural technology and support for ‘Ag-tech farms’, However, in November 2018, ‘The National Food Security Strategy 2051’ was launched with the aim of utilizing agricultural practices to enhance the yield of crop sustainably, and hence, propel the growth of UAE Pesticides market. However, the advancement in technology improves the farming practices smoothly and efficiently, which enhances the growth of the market in the forecast period. The UAE Pesticides Market can be segmented by type, form, product type, crop type, source, regional distribution, and competitional landscape. Based on type, the market is further segmented into insecticides, herbicides, fungicides, and others. The insecticides segment dominated the market in 2022 with an overall share of 40.29%. This can be ascribed to the increasing crop production and increasing use of insecticides for controlling weeds, and pests that degrades the yield of crop. Based on form, the market is segmented into liquid, and dry. The liquid segment dominated the market in 2022 with an overall share of 68.11% on account of high convenience as liquid cover a large crop area, is highly effective, easy to store, transport, and handle. Based on product type, the market is segmented into chemical, and organic. The chemical segment is expected to dominate the market through forecast period, as they are less expensive, offer longer periods of protection, and are more persistent than organics. Major companies operating in UAE Pesticides Market include Syngenta UAE, Bayer Middle East FZE, BASF FZE, Anglo Gulf FZE, Sumitomo Corporation Middle East FZE, Rawabi Emirates Est., Al Mubarak Agro-Chemicals, National Industrial Co. W.L.L., Sherwood Middle East Pesticide Trading LLC, AGRI Ventures FZE “UAE Pesticides Market is expected to witness significant growth during the forecast period on account of increasing population requiring large quantity of crops. An increase in  crop production and accelerating demand for locally grown food is expected to grow the market. Additionally, the stringent regulations and unfavorable climatic conditions are expected to hamper the market growth in the next few years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. 15

16. Sample Data - Snapshot UAE Pesticides Market Size, By Value (USD Million), 2018-2028F CAGR 2018-2022 By Value: xx% CAGR 2023E-2028F By Value: xx% UAE Insecticides Market Share, By Active Ingredients, By Value, 2018-2028F UAE Herbicides Market Share, By Crop Type, By Value, 2018-2028F 16

17. Report Ordering Report Name: UAE PESTICIDES MARKET FORECAST AND OPPORTUNITIES 2018 – 2028F To View Sample OR Purchase Report 17

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