Market Entry - Plant growth regulators Industry in Chile : Analysis of Growth, Trends and Progress (2015-2020)
Market Entry - Plant growth regulators Industry in Chile  : Analysis of Growth, Trends and Progress (2016 - 2021)

PUBLISHED

DEC 2017

Market Entry - Plant growth regulators Industry in Chile : 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

Chile is recognized as one of the most stable, open and competitive economies in Latin America. With a presidential republic at its helm, the recent success of the Chilean economy is based on the export of copper.

With the continued drop in copper prices since 2014, Chile has experienced its second consecutive year of slow growth, elevated inflation and a depreciating currency. To counter this sluggish growth, Chile’s policymakers have been actively seeking foreign investment that shall provide the needed capital and technology for economic development. Chile withdrew from the ANCOM (Andean Common Market) in order to be free from restrictions on foreign investment. Regional incentives are available granting certain benefits, to promote investment in these areas and an all-round development of the country.

Negotiations made mostly in Spanish and weak IPR enforcement are challenges of conducting business in Chile. However, the strengths of the market, which include an open economy, commitment to free trade, a well-developed financial market and economic structure, seem to stand tall among these challenges.

 

Component Name

Unit

From Site

GDP

USD billion

240

GDP Annual Growth Rate

%

1.5

GDP Per Capita

USD

14626

Employment Rate

%

55.26

Wages

USD/Month

374.858

Inflation Rate

%

3.1

Consumer Price Index (CPI)

Index Points

114

Interest Rate

%

3.5

Loans to Private Sector

USD million/billion

131.831 million

Balance of Trade

USD million/billion

146 USD million

Business Confidence

(No Units)

43.63

Manufacturing Production

%

2.4

Ease of Doing Business

(No Units)

48

Competitiveness Rank

(No Units)

33

Corruption Rank

(No Units)

23

Consumer Confidence

(No Units)

31.5

Consumer Spending

USD million/billion

29,630.824 million

Bank Lending Rate (Consumers)

%

6.88

Corporate Tax Rate

%

22.5

Sales Tax Rate

%

19

 

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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