Increasing government support to boost domestic production and rising demand for agricultural products to have significant impact on Bahrain Agriculture Market through 2023-2027|Technavio
The Bahrain Agriculture Market is likely to experience steady growth because of Increasing government support to boost domestic production and increasing demand for agricultural products in the region. Rising at a CAGR of 1.39% between 2022 and 2027 the market will grow by USD 13.98 Mn in USD.
Bahrain Agriculture Market Analysis at a Glance
As per a Technavio analyst: the “Quote” reason is expected to boost the growth of the agriculture market in bahrain
"Technavio’s recent analysis of the agriculture market in Bahrain includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities. The study segments the markets in Bahrain, geographically with data-backed details why the Middle East and Africa region is expected to have a market share of 100% during the forecast period."
The declining availability of arable land and Increasing dependency on the import of food products are expected to hinder the growth of the market. However, the growing focus on horticulture and the adoption of advanced agricultural technologies will have a positive impact on the agriculture market in Bahrain during the forecast period.
When it comes to the leading companies, names worth mentioning are AgroBH, BASF SE, Bayer AG, Deere & Co., Nutrien Ltd., Syngenta Crop Protection AG, etc.. which come a wide spectrum of offerings. Technavio's report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem as well as the strengths and weaknesses of key market players. Request for a sample report for more insights.
Technavio’s analysis of the agriculture market in Bahrain also includes:
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will drive the agriculture market in Bahrain growth during the next five years
- Precise estimation of the agriculture market in Bahrain size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the agriculture market in the Bahrain industry across
- A thorough analysis of the market’s competitive landscape
- Comprehensive details of factors that will challenge the growth of the agriculture market in Bahrain