Commodities
GCC Agri-Nutrients Industry Needs to Innovate

The agri-nutrients industry in the Arabian Gulf and globally is entering a new phase characterised by lower market growth, economic slowdown and increased consolidation and to enhance its competitive advantage, the industry must work towards creating value through innovation and developing improved and sustainable agri-nutrient products, speakers said at the 10th Fertiliser Convention held by the Gulf Petrochemicals and Chemicals Association (GPCA) in Muscat, Oman.
Fertiliser demand is projected to grow at CAGR 1.4% between now and 2023, falling behind global GDP and other industries’ growth. Industry consolidation is at an all-time high led by a rise in mega-mergers and acquisitions in the last 10 years, with the top ten fertiliser producers now controlling 45% of the market share.
Speakers at the convention stressed that this highly competitive and consolidated industry environment presents new challenges and opportunities for agri-nutrient producers in the GCC
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
OER Magazines1 month ago
OER, April 25
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Renewables3 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks