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Indonesia Agrochemicals Market Outlook to 2025: Ken Research
Saturday, 22 February, 2020, 12 : 00 PM [IST]
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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