Market Size of indonesia crop protection chemicals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 159.90 Million |
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Market Size (2029) | USD 195.91 Million |
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Largest Share by Function | Insecticide |
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CAGR (2024 - 2029) | 4.15 % |
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Fastest Growing by Function | Herbicide |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Indonesia Crop Protection Chemicals Market Analysis
The Indonesia Crop Protection Chemicals Market size is estimated at 159.90 million USD in 2024, and is expected to reach 195.91 million USD by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).
159.90 Million
Market Size in 2024 (USD)
195.91 Million
Market Size in 2029 (USD)
8.37 %
CAGR (2017-2023)
4.15 %
CAGR (2024-2029)
Largest Segment By Function
73.01 %
value share, Insecticide, 2023
Indonesia can grow a wide range of crops due to its favorable climate and fertile soil, and insecticides play a crucial role in controlling pests like aphids and mites.
Fastest-growing Segment by Function
6.53 %
Projected CAGR, Herbicide, 2024-2029
The expansion of agriculture, the rising export and domestic demand, and increasing awareness about the benefits of herbicides in controlling weeds drive the market.
Largest Segment by Crop Type
46.53 %
value share, Pulses & Oilseeds, 2023
The growing area under cultivation for pulses and oilseeds and the rising use of crop protection chemicals for oilseeds, which reduces the cost of cultivation, are driving the market.
Leading Market Player 1
19.75 %
market share, UPL limited, 2022
UPL entered into a long-term agreement with FMC under which FMC grants access to its insecticide active ingredient (rysynazypyr) for use in UPL's product formulations.
Leading Market Player 2
16.02 %
market share, Bayer AG, 2022
Bayer partnered with Oerth Bio with the aim of developing next-generation crop protection products based on Oerth Bio's innovative protein degradation technology.
Insecticides dominate the Indonesian crop protection chemicals market
- Given its natural resources and the right climatic conditions, Indonesia is one of the most important agricultural markets in Asia. In particular, demand for crop protection chemicals has been stimulated by a greater emphasis on yield as the primary instrument of achieving food security. The Indonesian crop protection chemicals market grew steadily, increasing by USD 53.7 million in value during the historical period (2017-2022).
- Crop protection chemicals have become increasingly common in this country due to the expansion of agricultural land and advancements in farming techniques. Indonesia is the largest producer of palm oil globally and ranks fourth in coffee production. The use of crop protection chemicals in rice production remains high.
- Insecticides held the largest share of 73.36% by value in 2022. Farmers must have access to a diverse range of registered pesticide groups, which enables them to rotate among the groups in the field. Until February 2021, there were 1,059 insecticide brands registered in Indonesia, consisting of 80 different active ingredients. More than 90% of active ingredients registered in Indonesia consist of a combination of pyrethroids, organophosphates, avermectins, and milbemycins.
- The government is promoting the precision agriculture industry in Indonesia to boost its GDP, as agriculture plays a significant role in the economy. This move has had a positive impact on the crop protection chemicals market in the country. Owing to the increase in pest infestations and rise in awareness among farmers, coupled with the adoption of new farming practices and a demand to maintain food safety and quality, the crop protection chemicals market in the country is anticipated to record a CAGR of 4.1% during the forecast period (2023-2029).
Understand The Key Trends Shaping This Market
