Market Trends of indonesia insecticide Industry
Growing crop losses by insect pests, rise in the adoption of pesticides, and advancements in insecticide products may drive the market
- Insecticides are primarily used to control and manage pests that attack agricultural crops. Pests such as insects, mites, and other arthropods can cause significant damage to crops, leading to yield losses and reduced quality. Insecticides help mitigate these pest pressures, protecting crops and ensuring sufficient food production. The level of insecticide use in Indonesia has increased over the last few decades. The consumption of insecticides in Indonesia per hectare increased by 25.2% from 2017 to 2022.
- Insects also act as vectors for plant diseases, transferring diseases that can harm crops. They damage plants directly by feeding and indirectly by delivering pathogens to wounded places of plants, from where pathogens spread throughout the plant. Insecticides are used to control insect vectors and minimize disease transmission, hence protecting crop health and reducing production losses.
- Until February 2021, there were 1,059 insecticide brands registered in Indonesia consisting of 80 different active ingredients for 67 crops/targets. More than 90% of the active ingredients registered in Indonesia consisted of a combination of pyrethroids, organophosphates, avermectins and milbemycins, neonicotinoids, carbamates, nereistoxin analogs, and phenylpyrazoles (fiproles). Having a diverse range of insecticide brands and active ingredients indicates that farmers have a wide variety of options for addressing insect management needs in various crops and agricultural systems. The wide range of registered insecticides reflects the importance of pest control in Indonesian agriculture and the efforts to provide farmers with effective tools to protect their crops.
Understand The Key Trends Shaping This Market
Download Sample
Active ingredient prices in the country are dependent on currency exchange rates, import tariffs, and duties because most of the active ingredients are imported from other countries
- Indonesia is a prominent agricultural nation globally. However, it faces a shortage of basic agricultural inputs, notably in its indigenous pesticide industry. The country relies heavily on importing insecticides. Most of the insecticides and active ingredients are imported from China. Consequently, their prices are dependent on currency exchange rates, import tariffs, and duties.
- In 2022, cypermethrin was valued at USD 20.6 thousand per metric ton. It has been widely adopted in the agricultural industry for its effectiveness in controlling various types of insects, including spotted ball worms, pink ball worms, early spot borers, and hairy caterpillars. Its effectiveness has made it a popular choice for farmers seeking to protect their crops from pests and ensure a successful harvest.
- Imidacloprid is a powerful neonicotinoid insecticide with effective systemic and residual properties. It can control a wide range of insects, including sucking insects, beetles, flies, leaf miners, and termites. It is suitable for crops and has low application rates, hence widely popular among farmers. The price of this active ingredient increased by 77.9% to USD 17.0 thousand per metric ton from 2017 to 2022.
- Malathion belongs to the organophosphate family. It is often utilized to manage various insect infestations that target plants, fruits, vegetables, landscaping, and shrubs. Malathion-based products come in various forms, such as liquids, dust, wettable powders, or emulsions. In Indonesia, there are a variety of products available that contain malathion.
- Active ingredient prices can influence the competitive landscape of the insecticide market. Companies that can source active ingredients at more competitive prices may have a competitive advantage over others.
Understand The Key Trends Shaping This Market
Download Sample
