Market Entry - Plant growth regulators Industry in Angola: Analysis of Growth, Trends and Progress (2016 - 2021)

Market Entry - Plant growth regulators Industry in Angola: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

The demand for increased crop productivity and the predicted challenges related to plant survival under adverse environmental conditions have renewed the interest in research of root biology. Various physiological and genetic studies have provided ample evidence in support of the role of plant growth regulators in root development. Factors such as increasing demand for cotton owing to the expansion of textile industry coupled with the rise of organic farming is expected to fuel the demand for plant growth regulators over the forecast period. However, preference of farmers towards better performing agrochemicals is expected to hamper the growth of the market. Focus on product innovation to prevent threat to the environment and economical plant growth regulators are anticipated to provide new opportunities in the market. Cytokinins accounted for over 40% of the global demand, and are expected to witness the fastest growth. Other plant hormones such as mepiquat chloride and gibberellins are extensively used in cotton plant and seed germination and are expected to follow a similar trend. The demand for plant growth regulators was significantly high in Europe in 2012, owing to the large scale organic farming industry where certain plant hormones such as auxins, cytokinins, and gibberellins are used. The demand for plant hormones have also been highly prevalent in developed nations due to the rapidly emerging organic farming industry coupled with the vast cotton industry, especially in the U.S. Emerging regions of Asia-Pacific are expected to witness the fastest growth over the forecast period. BASF SE, Bayer CropScience, Crop Care Limited, DuPont, NuFarm Limited, Redox Industries Ltd, and Sichuan Guoguang Agrochemical Co., Ltd. are some of the key players in the industry.

About the Geography

Angola is in the Southwest part of Africa. It is a presidential republic rich in hydrocarbon and mineral resources. Angola is the fourth largest recipient of foreign direct investment in Africa with a high growth potential in construction and tourism sectors. It is one of the fastest growing economies and has a large population, making it the third largest market in sub-Saharan Africa.

It has good trade relations with China, France, the Netherlands, and the USA, which have helped the country to diversify its economy outside the oil & gas sector. The government is also trying to improve the business climate and is favorable to foreign direct investment by giving companies the right to incentives as local businesses. However, the lack of infrastructure, skilled workers, a poor financial system, weak judicial system, heavy bureaucracy, and corruption discourage foreign companies from investing in the country. Also, the government laws promote requiring investors to partner with local businesses deter investors.

 

Component Name

Unit

GDP (USD billion)

103

GDP Annual Growth Rate

4.9

GDP Per Capita

4153

Unemployment Rate

26

Inflation Rate

39.44

Consumer Price Index (CPI)

153

Interest Rate

16

Loans to Private Sector (USD billion)

21.972

Balance of Trade (USD billion)

3.002

Business Confidence

-34

Ease of Doing Business

181

Competitiveness Rank

140

Corruption Rank

163

Bank Lending Rate (Consumers)

15.97

Corporate Tax Rate

30

Sales Tax Rate

10

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

 

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Plant growth regulators Industry by Type (USD millions)

                4.1 Cytokinins

                4.2 Auxins

                4.3 Gibberellins

                4.4 Others (Mepiquate chloride etc.)

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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