Press release
Indonesia Agrochemical Market will be Driven by Entry of New Players, Growing Pesticides Product Registrations and Increasing Awareness among Farmers on Pesticide Usage: Ken Research
• The agrochemicals market in Indonesia 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 resources available with farmers.
• Approximately 10.0%-12.0% of the pesticides circulating in the Indonesian market are either illegal or counterfeit in nature. This acts as a major challenge for manufacturers thereby decreasing their overall revenue in the country. Apart from this, the companies have to regularly organize counterfeit drives to raise product awareness which results in a further increase in their operating expenses.
Shift towards Sustainable, Cost-Effective and Environment-Friendly Methods of Production: Owing to the integrated pest management system in the country, Indonesian farmers are shifting towards sustainable and organic methods of production, which would increase the demand for Biopesticides and other organic products in the country. Also, with increased regulations such as RSPO, there is a greater need for developing organic substitutes for chemicals used in agriculture by manufacturers.
Prolonged Dry Seasons: In the past 5 years, Indonesia suffered from dry seasons by approximately 3-4 times which majorly impacted production and sales of agricultural products in the country. Prolonged dry seasons are expected to occur again in the future and given Indonesia’s high dependency on rainfall for irrigation, there is a greater need for farmers to adopt alternative methods of increasing productivity such as increased usage of pesticides, fertilizers and other crop nutrient providers.
Increased Investment in Research & Development Activities: International companies in Indonesia on average spend 10.0%-13.0% of their yearly revenue on research & development activities in order to develop new active ingredients in the country, which would supplement the launch of new products types in the market. Several companies such as Bayer, BISI, and FMC have lined up their product launches in upcoming years depending on the growing trends and demand in the market.
Analysts at Ken Research in their latest publication “Indonesia Agrochemicals Market Outlook to 2025- By Type of Pesticides (Herbicides, Insecticides, Fungicides, Bio Pesticides and Others), By Type of Crop Protection Product (Generic and Patented), By Form of Agrochemicals (Liquid, Granule, and Powder), By Application (Cereals, Vegetables, Fruits and Plantations) and By Sales Regions (Java & Bali The region, Sulawesi, Sumatra, and Kalimantan)” suggested that the agrochemical market in Indonesia will grow by a CAGR of approximately 9.2% in terms of sales value during the forecast period 2019-2015, owing to factors such as growing agriculture products demand, entry of new national and international players, new mergers and acquisitions and increased government support.
For More Information On The Research Report, Refer To Below Link:-
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/indonesia-agrochemicals-market-outlook/303063-104.html
Key Segments Covered:-
By Types of Pesticides
Herbicides
Insecticides
Fungicides
Biopesticides and Others
By Type of Herbicides
Glyphosate
Paraquat
Atrazine
Others (including Metsulfuron, Acetochlor, etc)
By Type of Insecticides
Pyrethroids
Abamectin
Rynaxypyr
Chlorpyrifos
Others (including Azadirachti, Bacillus thuringiensis)
By Type of Fungicides
Triazole
Strobilurin
Contact Fungicides including Propionic, Chlorothalonil
Others (including Carbendazim, Organomerkuri, Sodium Dichromate)
By Type of Crop Protection Product
Generic
Patented
By Form of Pesticide
Liquid
Granules
Powder
By Types of Crops
Cereals
Vegetables
Fruits
Plantation
By Type of Cereal Crops
Rice
Corn
Soybean
Others (including maize, barley, and other cereal crops)
By Type of Vegetables
Onion
Chillies
Tomato
Potatoes
Cabbage
Others
By Type of Fruits
Citrus
Banana
Mango
Others (Including Guava, Mangosteen, and other fruits)
By Type of Plantation:-
Oil Palm
Sugarcane
Rubber and Tea
Forestry
By Region
Java and Bali Region
Sulawesi
Sumatra
Kalimantan
Key Target Audience
Venture Capitalist Firms
Agrochemical Manufacturers
Raw Material Suppliers
Research & Development Institutes
Government Bodies & Regulating Authorities
Time Period Captured in the Report:-
Historical Period: 2014-2019P
Forecast Period: 2019P-2025F
Companies Covered:-
PT Syngenta Indonesia
PT Bayer Indonesia
PT Bina Guna Kimia (FMC)
PT Bima Kimia Nufarm
PT Corteva Agriscience
PT BASF Indonesia
PT UPL Indonesia
PT Agricon,
PT Dharma Guna Wibawa
Bingei Agung
PT Excel Meg Indonesia
PT BISI International Tbk
Key Topics Covered in the Report:-
Indonesia Agrochemical Market Overview and Genesis (Overview and Genesis including Market Stage, Market Nature and Growth Drivers, Business Cycle Graph)
Indonesia Agrochemical Market Value Chain Analysis
Overview of Indonesia Agricultural Scenario (Agricultural Overview, Contribution to GDP, Planted Area and Production, Mechanization Rate, Major Crops, Climate, Challenges and Sources of Credit)
Introduction to Indonesia Agrochemical Market (Revenue from Formulants, Revenue from Sale of Technical Products and Pricing Trends)
Indonesia Agrochemical Market Segmentation
Trade Scenario in Indonesia Agrochemicals Market (By Value, By Volume and By Countries)
Trends and Developments in Indonesia Agrochemicals Market
Issues and Challenges in Indonesia Agrochemicals Market
Indonesia Agrochemicals Market Regulatory Landscape
SWOT Analysis Indonesia Agrochemicals Market
Indonesia Agrochemicals Market Competition Scenario (Competition Scenario, Strength and Weakness, Market Shares, Cross Comparisons, Company Profile of Major Players)
Indonesia Agrochemicals Market Future Projection, 2019P-2025F
Future Outlook of Indonesia Agrochemicals Market Segmentation, 2019P-2025F
Analyst Recommendations
Related Reports by Ken Research:-
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/china-crop-protection-market-research-report/534-104.html
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/india-biopesticides-market-research-report/669-104.html
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/india-pesticide-market-research-report/6192-104.html
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/brazil-agrochemical-market-outlook/299311-104.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity, and economy reports. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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