Indonesia Agrochemicals Market Size

Indonesia Agrochemical Market Analysis

The Indonesian agrochemicals market is projected to register a CAGR of 4.09% during the forecast period.

• There is a need for increased land productivity as the country cannot satiate the growing food demand. To achieve food self-sufficiency and increase yield, agrochemicals are used at a higher rate as a crop protection practice. The government of Indonesia has enforced a policy to improve food security by developing the sustainability of competitive agribusiness.
• The government wants to increase agricultural production to increase the share of self-sufficiency in food and increase agriculture yields. This requires greater use of fertilizers because the productivity of agriculture, which is still largely small-scale, is too low. Indonesian fertilizer production has continuously expanded in recent years. In the case of primary and widely available fertilizers such as urea-based fertilizers (urea), production capacities have recently increased significantly in the country.
• In 2022, PT Bank Rakyat Indonesia (Persero) collaborated with PT Syngenta Indonesia to provide financial services for farmers through the CENTRIGO Farming Ecosystem to support farmers' needs and increase productivity and profitability by advancing agriculture in Indonesia and ensuring sufficiency as well as quality in a sustainable manner. Through cutting-edge technologies, worldwide experience, and partnerships across the value chain, PT Syngenta Indonesia can accelerate the growth of the agricultural sector in Indonesia.
• Agrochemicals are primarily used in Grain and cereals farming in the country, which is increasing yearly to meet the growing demand. And for this, the farmers are practicing intensive cultivation practices in which agrochemicals are used on a large scale. Rice and maize are the majorly grown cereals in the country and are prone to pest and disease incidence.