Indonesia Seed Market is Expected to Reach USD 1.5 Billion by 2021: Ken Research

Indonesia Seed Market By Types of Seeds (Fruits and Vegetables Seeds, Grains and Cereals Seeds and Plantation Crop Seeds); By Grains and Cereals Seeds (Rice/Paddy Seeds, Corn Seeds, Soy Seeds and Others); By Plantation Crops Seeds (Palm Oil Seeds, Rubber Seeds, Coconut Seeds, Coffee Seeds, Cocoa Seeds and Others); By Fruits and Vegetables Seeds (Tomato Seeds, Potato Seeds, Green Beans Seeds, Cassava Seeds, Onion Seeds, Sweet Potato Seeds and Others); By Hybrid Seeds and Non-hybrid Seeds; By Organized and Unorganized Players; By Farmer Saved and Commercial Seeds; company profile of major seed players (PT Bisi International Tbk, PT East West Seed Indonesia, PT DuPont Indonesia, PT Syngenta Indonesia, Monsanto Indonesia, PT Asian Hybrid Seeds Technologies Indonesia, PT Advanta Seeds Indonesia, PT Takii Indonesia, PT Java Seed Indonesia, and PT Koreana Seed Indonesia) and plantation crop companies (PT SMART Tbk, PT Astra Agro Lestari Tbk, PT Eagle High Plantations Tbk, and PT Sampoerna Agro Tbk)

• Indonesia seed market has shown an impressive growth rate in 2016 owing to increasing efforts by the Ministry of Agriculture to make Indonesia a self-sufficient nation in food crops.
• Seed market in Indonesia functions as per the policies regulated by the Ministry of Agriculture (MoA). The propagation of seeds is classified into four categories. All these types of seeds can be identified under different colored labels, namely, white, yellow, green and purple.

The demand for seeds in the country is expected to be driven primarily by the new strategic plan of the Ministry of Agriculture for 2015-2019. The emphasis on achieving self-sufficiency by increasing the production of corn, soybean, chili, onions and other major food crops during the outlook period is anticipated to boost the revenues of the players offering seeds for producing crops in Indonesia. The implementation of New Plantation Law is also expected to trigger the overall growth, as it restricts the share of foreign players in the domestic companies. The prohibition on imports of various types of seeds is also estimated to stimulate the market growth over the recent future as companies have to procure domestically produced seeds for cultivation of crops.

The continuously growing population of the country is anticipated to increase the demand for staple foods including rice and corn, leading to cultivation of more crops. The market is also expected to benefit from the increasing middle class population in Indonesia, which is projected to boost the demand for fruits and other horticulture crops. In long term, it is anticipated that the revenues of the country’s seed market will be augmented due to the rising awareness of hybrid seeds to improve the yield and increase the productivity. Since hybrid seeds are expensive than the conventional open-pollinated seeds used by the farmers, increasing consumption of such seeds by Indonesian farmers is estimated to surge the revenues of the players operating in the space.

Ken Research in its latest study, Indonesia Seed Market by Types of Seeds (Fruits and Vegetables Seeds, Grains and Cereals Seeds and Plantation Crops Seeds), by Hybrid Seeds and Non-hybrid Seeds, by Organized and Unorganized Players, by Farmer Saved and Commercial Seeds – Outlook to 2021 suggested that the sales of grains and cereals seeds will dominate with the share of over 53% by 2021 in the revenues generated by the players from sales of various seeds to farmers in Indonesia.

Indonesia Seed Market is projected to register a positive CAGR of 8.1% during the period 2016-2021. Increasing palm oil production, growth in country’s horticulture sector, rising initiatives of the government to surge rice production and allocation of free seeds to farmers are expected to drive Indonesia Seed Market in the future.

The report provides information on market size of Indonesia seed market, market segmentation on the basis of Types of Seeds; Grains and Cereals Seeds; Plantation Crops Seeds; Fruits and Vegetables Seeds; Hybrid Seeds and Non-hybrid Seeds; Organized and Unorganized Players; Farmer Saved and Commercial Seeds.

For more information on the research report, refer to below link:
https://www.kenresearch.com/agriculture-and-animal-care/seed/indonesia-seed-market-revenue/142321-104.html

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