The Indonesia crop protection chemicals market size is projected to reach USD 1.2 billion by 2025, exhibiting a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness regarding the benefits of crop protection chemicals, such as improved productivity and faster yield along with the growth in commercial agriculture, is anticipated to fuel their demand over the forecast period.
The embracement of modern farming techniques has further propelled the demand for crop protection chemicals, thereby creating an imbalance in the trade. This imbalance has also resulted in the price inflation of certain chemicals, which is affecting the overall Indonesian economy. The rise in the cost of pesticides, leading to an increase in the cost of agricultural output, has directly impacted the food prices. Thus, market participants are focusing on enhancing their supply chain and improving distribution to build long term contracts with farmers.
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The fungicides industry of Indonesia is growing tremendously owing to an increase in the awareness regarding prevention and control of various fungal diseases. In terms of value, the use of fungicides has increased from 8% to 16% from 2008 to 2017 in line with the rising agricultural production. Cocoa is one of the major crops in Indonesia and planted on around 1.2 million hectares of land. The production of cocoa is greatly affected by fungal diseases like black pod thrust, frosty pod, and witches broom. Fungicides including flutolanil, triadimenol, and hexaconazole are majorly used to control these diseases.
Cereals and grains is the leading application segment in the market owing to the growing demand from the food & animal feed segments. Shrinking farmland and the growing demand for food crops, such as wheat, maize, rice, barley, and oats, are anticipated to boost the demand for agriculture chemicals. Rice and maize are the dominant end use segments of crop protection chemicals followed by barley.
Further key findings from the study suggest:
- Herbicides segment was the largest product segment with a market volume share of 57.6% in 2018. Staple crops in Indonesia are prone to the risk of weed infestation, which is expected to augment the utilization of herbicides over the coming years
- The use of crop protection chemicals in the production of rice and maize is anticipated to grow at a CAGR of 6.0% and 6.2%, respectively, in terms of revenue, from 2019 to 2025 as these are the staple food crops in Indonesia
- Palm is one of the major application segments in the Indonesian market for crop protection chemicals as the country is one of the major exporters globally. The segment accounted for a market volume share of 10.7% in 2018
- Indonesia crop protection chemicals market in Papua & West Papua is anticipated to grow rapidly at a CAGR of 15.2%, in terms of volume, from 2019 to 2025 owing to rising demand from palm plantations
- Key players operating in the market are BASF SE, Arysta Lifescience, UPL Limited, and Nufarm.
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Grand View Research has segmented Indonesia crop protection chemicals market on the basis of product, application, and province.
Indonesia Crop Protection Chemicals Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
Indonesia Crop Protection Chemicals Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
- Fruits & Vegetables
Indonesia Crop Protection Chemicals Province Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
- East Java
- Central Java
- Nusa Tenggara Timur
- Nusa Tenggara Barat
- Papua & West Papua
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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