Indonesia Crop Protection Chemicals Market to Grow with a CAGR of 5.67% through 2028
Rising need for enhanced pest and disease management is
expected to drive the Global Indonesia Crop Protection Chemicals Market growth
in the forecast period, 2024-2028.
According to TechSci Research report, “Indonesia
Crop Protection Chemicals Market –Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Indonesia
Crop Protection Chemicals Market stood at USD 901.06 million in 2022 and is
anticipated to grow with a CAGR of 5.67% in the forecast period, 2024-2028. The
Indonesia Crop Protection Chemicals Market has been experiencing significant
growth in recent years, driven by a multitude of factors that reflect the country's
dynamic agricultural landscape and the evolving needs of its farmers. Indonesia's population has been steadily increasing,
and it is among the most populous countries in the world. With more mouths to
feed, there is a growing demand for food crops. To meet this demand, farmers
are under pressure to increase their agricultural productivity, making the use
of crop protection chemicals essential to protect crops from pests, diseases,
and weeds.
As Indonesia seeks to enhance its agricultural output,
there has been a continuous expansion of agricultural land. This expansion into
previously uncultivated areas often exposes crops to new pests and diseases.
Crop protection chemicals help safeguard these expanding farmlands and maintain
crop yields. Indonesia boasts a diverse range of crops, including rice, palm
oil, rubber, coffee, and various fruits and vegetables. Each crop has its
unique set of challenges when it comes to pests and diseases. The need for a
wide variety of crop protection solutions drives the demand for an array of
chemical products tailored to specific crops.
The Indonesian government recognizes the importance of
agriculture to its economy and food security. In line with this, it has
introduced several policies and initiatives to support the agricultural sector.
These include subsidies on crop protection chemicals and incentives for
modernizing farming practices, encouraging farmers to invest in crop protection
products. The crop protection chemicals industry has seen significant
advancements in terms of formulation, application methods, and pest resistance
management. These innovations have made crop protection chemicals more
effective and environmentally friendly. Farmers are increasingly adopting these
advanced solutions to maximize their yields.
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Indonesia is a major exporter of agricultural products
such as palm oil, rubber, and coffee. These crops are highly valuable in
international markets, and maintaining their quality and quantity is crucial
for the country's export revenues. Crop protection chemicals help ensure that
these crops meet international standards and remain competitive in global
markets.
The Global Indonesia Crop Protection Chemicals Market
is segmented into Application, Product, Regional Distribution, And Company.
Based on the Product, herbicides emerged
as the dominant segment in the global market for Global Indonesia Crop
Protection Chemicals Market in 2022. Indonesia is known for its diverse
agricultural landscape, which includes a wide range of crops such as rice, palm
oil, rubber, coffee, and various fruits and vegetables. Weeds are a common
problem across these crops. Herbicides are highly effective in controlling and
managing weed populations, which are a significant threat to crop yields. As a
result, herbicides are essential for maintaining the health and productivity of
many of Indonesia's key crops. As Indonesia's agriculture sector modernizes,
there is a growing adoption of practices such as no-till farming and precision
agriculture. Herbicides play a crucial role in these practices, enabling
reduced soil disturbance and efficient weed control. This aligns with the trend
toward more sustainable and resource-efficient agriculture. The Indonesian
government has promoted the responsible use of herbicides through education and
training programs. These programs aim to improve farmers' knowledge of herbicide
application techniques, dosage, and safety measures, ensuring that herbicides
are used effectively and responsibly.
Based on the Application, the Palm Oil segment emerged
as the dominant player in the global market for Global Indonesia Crop
Protection Chemicals Market in 2022.
Indonesia
boasts extensive acreage dedicated to palm oil cultivation, with plantations
covering vast expanses of land across various regions. To maintain the health
and productivity of these palm oil plantations, the application of crop
protection chemicals becomes a necessity due to the scale of production and the
susceptibility of palm trees to pests and diseases. Palm oil plantations
generate a high economic return per hectare when managed efficiently. As such,
farmers and plantation owners are motivated to protect their investments by
using crop protection chemicals that help ensure palm oil yields remain
consistently high. Palm oil is one
of Indonesia's most economically significant agricultural exports. The country
is one of the world's largest producers of palm oil, and the palm oil industry
plays a vital role in the nation's economy, providing employment and
contributing to foreign exchange earnings. As a high-value cash crop, palm oil
production demands rigorous pest and disease management to ensure consistent
yields, making it a key driver of demand for crop protection chemicals.
Indonesia's palm oil industry is heavily
export-oriented, with a significant portion of its production destined for
international markets. Maintaining the quality and quantity of palm oil is
crucial to compete in global markets. Crop protection chemicals are
indispensable in ensuring that palm oil meets international standards and
remains competitive.
Sumatra emerged as the dominant player in the Indonesia
Crop Protection Chemicals Market in 2022, holding the largest market share. Sumatra's agricultural diversity means that it faces a
wide range of pest and disease pressures across different crops. This
necessitates the use of various types of crop protection chemicals, including
herbicides, fungicides, and insecticides, to address specific challenges in
crop management. Agriculture plays a crucial role in Sumatra's economy,
providing livelihoods for a significant portion of the population and
contributing to the region's economic growth. Maintaining the health and
productivity of agricultural crops is essential for sustaining the region's
economic well-being, making crop protection chemicals a vital component of
Sumatra's agriculture sector.
Sumatra
boasts a vast and diverse agricultural landscape with substantial acreage
dedicated to the cultivation of various crops, including palm oil, rubber,
coffee, tea, cocoa, and various fruits and vegetables. This extensive
agricultural base generates a high demand for crop protection chemicals to
safeguard crop yields and maintain productivity.
Major companies operating in Global Indonesia
Crop Protection Chemicals Market are:
- Arysta LifeScience
- Bayer CropScience
- BASF SE
- Chemtura Corporation
- FMC Corporation Private Limited
- Chr. Hansen A/S
- DowDuPont Inc.
- Nufarm Ltd.
- Syngenta AG
- Sumitomo Chemical Company Limited
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“The Indonesia
Crop Protection Chemicals Market is poised for substantial growth in the coming
years, driven by several factors. Indonesia, with its vast agricultural
landscape, is continuously looking to enhance its productivity to feed its
burgeoning population and meet global export demands. The increasing threat of
pests and diseases, exacerbated by changing climatic conditions, emphasizes the
need for effective crop protection solutions. As the country modernizes its
agricultural practices, there's a growing inclination towards integrated pest
management and sustainable farming, fostering demand for both conventional and
bio-based protection chemicals. Government initiatives and policies that
support sustainable agriculture are further propelling the market. However,
growth will not be without challenges. Environmental concerns, regulatory
hurdles, and the need for farmer education could temper the pace.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Indonesia Crop Protection Chemicals Market -
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By
Product (Herbicides, Fungicides, Insecticides, Others), By Application (Fruits
& Vegetables, Cereals, Maize, Rice, Cotton, Palm, Others) By Region and
Competition”, has evaluated the future growth potential of Global Indonesia Crop
Protection Chemicals Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Indonesia
Crop Protection Chemicals Market.
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