Indonesia Biopesticides Market - Growth, Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Agriculture | No. of Pages - 75 | Published By - Mordor Intelligence

Report Highlights

The Indonesian biopesticides market is estimated to grow at a CAGR of 19.88% in 2016-2021 period. The market value estimated during 2015 was USD 16.36 million and it is expected that the value will reach to USD XX million by 2021.

In Indonesia, the agrochemicals industry has been witnessing a growth of CAGR 9.44%, which has been primarily attributed to advancements in the pesticides and fertilizer industries. While the prevalence of chemical or synthetic based agrochemicals application in agricultural land would continue, human, animal and environmental health concerns would play key roles in driving growth for safer biopesticide products. Govt. of Indonesia is changing their pesticide regulations due to increasing number of cases of pesticides poisoning in the country. Now a days, GoI is promoting organic agriculture and use of biopesticides.

Specific major drivers for the agrochemicals industry outlined in this report include growing demand for food safety and quality, need for increased land productivity, adoption of new farming practices and popularity of natural and eco-friendly products. On the negative side, restraints limiting market growth include cheap prices of synthetic pesticides and lesser availability of products.

By segment, bioherbicides is the largest market segment with 46.44% of the market share followed by bioinsecticides (XX %), Biofungicides (XX %) and other biopesticides (XX %). Bioherbicides are likely to witness the faster growth in comparison to the bioinsecticides and biofungicides due to large cultivation of rice in Indonesia, which is a high herbicide consuming crop. By application area, biopesticides demand has been analyzed in terms of crop-based applications (including grains & cereals, oilseeds and fruits & vegetables) and non-crop-based applications (including turf & ornamental grass and other non-crop-based applications).

The study has detailed analysis of pesticides regulatory structure, specifically the new product registration along with the investment regulation. The leading biopesticides companies in Indonesia include Samro Technology Indonesia, CV LESTARI, Seipasa, s.a, Marrone BioInnovation, Kan Biosys, Custombio Indonesia, International Panaacea Limited, Nusagri Indonesia, Shanghai Megchem Company ltd and Multimol Micro Fertilizer Industries (MMFI).

Key Deliverables in the Study

Market analysis for the Indonesia Biopesticides Market, with region specific assessments and competition analysis.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.

Extensively researched competitive landscape section with profiles of major companies along with their market shares.

Identification and analysis of the macro and micro factors that affect the Indonesia Biopesticides Market.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major regions in country where this industry is blooming and to also identify the regions that are still untapped.

 

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