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Indonesia Agrochemicals Market Outlook to 2025: Ken Research
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Saturday, 22 February, 2020, 12 : 00 PM [IST]
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An overview of the agrochemical sector in Indonesia, market genesis, market size in terms of revenue from formulates and technical’s, various trends, and developments driving the market and the issues and challenges generally faced by entities in the market were among the topics covered in a recent Ken Research report titled 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 Application (Cereals, Vegetables, Fruits and Plantations) and By Sales Regions (Java and Bali Region, Sulawesi, Sumatra and Kalimantan).
It also covered agricultural overview scenario in Indonesia, and provided an analysis of the overall value chain involved in the manufacturing process, industry’s SWOT analysis and competitive scenario with company profiles of major companies.
The report concluded with future projections, analyst recommendations and major opportunities and cautions related to the market.
Indonesia agrochemical market overview and size Agriculture has been one of the primaries activities in Indonesia, which has been a major reason for the high agrochemical demand in the country, which recorded normal agricultural product sales during 2014 and 2015. Owing to favourable climatic conditions and La Nina phenomena during 2016, the industry recorded its highest sales growth in the country. However with the agency of palm oil production regulations and prolonged dry seasons in the country, the production and sales of agrochemicals decreased to a certain scale.
Indonesia agrochemicals market segmentation By types of pesticides: Owing to its wide application in a variety of crops, herbicides occupy the highest share in terms of overall sales of agrochemicals in the country. In major crops such as rice, corn, soybean, herbicides are usually applied in combination with insecticides, thereby driving insecticides demand as well in the country. Bio-pesticides have been present in the market for the last 5-7 years. However, due to the lack of awareness and education among farmers, there is still a demand for these products. However, with various government initiatives and training programmes by international companies to increase awareness among farmers, it is expected that sales of biopesticides would increase in the coming years.
By types of herbicides: The major herbicide types in Indonesia are Glyphosate, Paraquat, Atrazine, Acetochlor with Glyphosate occupying the highest demand in the country.
By types of insecticides: The major insecticide types present in Indonesia is Pyrethroids, Abamectin, Rynaxypyr, Chlorpyrifos and Azadirachti. It was witnessed that players were focussing on introducing a type of insecticide products owing to the in demand and supply for a particular insecticides in the market.
By types of fungicides: The major fungicide types in Indonesia are Triazole, Strobilurin, Chlorothalonil and sodium dichromate.
By type of product: In Indonesia, a jor proportion of the market is occupied by generic products. Generic products are relatively low priced and easily available when compared to patented products in the market. These are some of the major reasons for its high demand among consumers, on the other hands, the high-quality nature of patented products are generally demanded by large scale farmers and plantation companies.
By form of agrochemicals: Agrochemicals are generally available in three forms, including liquid, granule, and powder. Liquid agrochemicals have applications, and therefore, are most preferred in crops such as chilies where the action is complex in nature. Granules and powder are applied either directly onto crops or are generally mixed with other formulations such as oil and water. However, when compared with a quid formulation, granule and powder are used in higher quantities.
By types of crops: In Indonesia, cereals are observed to occupy the highest usage of agrochemicals with rice occupying the est share. Major cereal crops grown in Indonesia include soybean, corn, maize, barley, oats, rice,and others thereby driving demand for pesticides, including Glyphosate, Strobilurin, Pyretheroid, Abamectin and contact fungicides. The second-highest demand for pesticides is observed by vegetables followed by plantation and fruits. Major fruits and vegetables cultivated in Indonesia include onion, cassava, mango, banana, potatoes, tomatoes, and others.
By region: Major agriculture regions in Indonesia are Java, Bali, Sulawesi, Sumatra and Kalimantan. Famous for its rice production and tropical climatic conditions, major agrochemical sales are observed in Java and Bali. However, the two regions are considered to be inclining towards mature market stage thereby shifting agricultural activities to the high-potential regions of Sulawesi and Sumatra.
Competitive landscape Indonesia agrochemical market is observed to be concentrated in nature with majority of market share in terms of revenue occupied by international players having manufacturing facilities located in Indonesia. Major production clusters in the country are East Java, West Java, Central Java, Sumatra (Medan) and Sulawesi.
New regulations including RSPO and PSAT for fresh food of plant origin have impacted the sales of agrochemicals in the country and with these regulations becoming stricter in future; the players are focussing to be more innovative and increasing their expenditure in R&D activities in the coming years.
Indonesia agrochemical market future outlook The future prospects of the agrochemicals market in Indonesia is expected to grow at a CAGR of 9.2 per cent over the period 2019(P)-2025F. The growth in demand is expected to be supported by factors, including government support to promote agricultural activities, increasing population, thereby increasing demand for agricultural products, emergence of new national and international players in the market.
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 and Bacillus thuringiensis)
By type of fungicides Triazole Strobilurin Contact fungicides, including Propionic and Chlorothalonil Others (including Carbendazim, Organomerkuri and 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 and development institutes Government bodies and 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 Segmentations, 2019P-2025F Analyst Recommendations
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