Market Size of indonesia herbicide Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 27.74 Million |
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Market Size (2029) | USD 38.07 Million |
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Largest Share by Application Mode | Soil Treatment |
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CAGR (2024 - 2029) | 6.53 % |
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Fastest Growing by Application Mode | Soil Treatment |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Indonesia Herbicide Market Analysis
The Indonesia Herbicide Market size is estimated at 27.74 million USD in 2024, and is expected to reach 38.07 million USD by 2029, growing at a CAGR of 6.53% during the forecast period (2024-2029).
27.74 Million
Market Size in 2024 (USD)
38.07 Million
Market Size in 2029 (USD)
5.90 %
CAGR (2017-2023)
6.53 %
CAGR (2024-2029)
Largest Segment by Application Mode
46.43 %
value share, Soil Treatment, 2023
The rising crop losses due to weeds and the growing usage of herbicides through soil treatment applications to control weeds are contributing to the growth of the herbicide market.
Largest Segment by Crop Type
46.58 %
value share, Pulses & Oilseeds, 2023
The expansion of cultivation of pulses and oilseeds, the need for effective weed control, and technological advancements in herbicides are expected to drive the market.
Fastest-Growing Segment by Crop Type
6.70 %
Projected CAGR, Pulses & Oilseeds, 2024-2029
The herbicide market continues to innovate herbicide technologies for pulses and oilseeds to offer improved solutions, enabling farmers to effectively manage weeds.
Leading Market Player 1
19.18 %
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.
Leading Market Player 2
15.44 %
market share, FMC Corporation, 2022
FMC Corporation provides various herbicides that are designed to assist farmers in controlling the most difficult and resilient weed species in a variety of crops.
Traditional method of applying herbicides through soil treatment mode and its effectiveness in controlling weeds in early growth stage may increase the adoption
- The herbicide market in Indonesia is driven by several factors, such as increasing agricultural activities, the need for weed control in various crops, and the adoption of advanced agricultural practices.
- The market is dominated by the soil treatment segment, which is expected to record a CAGR of 6.6%, by value, during the forecast period (2023-2029) as farmers recognize the benefits of soil treatment in weed management. Soil treatment offers effective weed control and lower weed competition, contributing to better crop establishment.
- Foliar application is a commonly used method in Indonesia. The herbicide market is expected to increase by a value of USD 3.9 million during the forecast period (2023-2029). The need to obtain large yields and retain crop quality is the major driver for using herbicides by foliar application. Weed disturbance affects low crop yields, both quality and quantity, and farmers want to protect their investment through the use of herbicides in integrated pest management strategies to ensure a profitable harvest.
- The chemigation method is anticipated to witness notable growth in the coming years due to the increasing adoption of irrigation systems and the advantages of chemigation for precise and effective weed control.
- The market share of fumigation in Indonesia's herbicide market is expected to record a CAGR of 5.8% during the forecast period (2023-2029). Farmers are looking for more efficient and effective ways to combat weeds and enhance crop yields. They are expected to continue the adoption of foliar as a preferred method in the coming years due to its benefits in achieving effective weed control.
Understand The Key Trends Shaping This Market
