According to the research report titled ‘Indonesia Crop Protection Chemicals Market Size study, by Product (Herbicides, Fungicides, Insecticides, Others) by Application (Fruits & Vegetables, Cereals) and Regional Forecasts 2021-2027’, available with MarketStudyReport, Indonesia crop protection chemicals market was valued approximately USD 0.94 billion in 2020 and is expected to reach USD 1.38 billion by the end of the forecast period 2021-2027, exhibiting a healthy growth rate of more than 5.6% CAGR throughout.
 

As per the findings of the report, increasing population and surging demand for crop production are the key factors driving Indonesia crop protection chemicals market growth. Moreover, rising awareness of crop protection and technological advancements are expected to enhance the industry outlook in the upcoming years.
 

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As per Statista, total volume output of rice will increase to 56.3 million metric tons by the end of 2029, from 52.8 million metric tons in 2020. As the demand for crops such as rice, rises, so will the demand for crop protection chemicals.
 

However, the market expansion might be hampered by constant fluctuations in raw material prices and lack of farmland over the projection period.
 

For the unversed, crop protection chemicals not only help in protecting the crops from germs, virus, and harmful bacteria but also safeguard them from unforeseeable climatic situations that could otherwise cause damage.
 

The market research also provides thorough information on the various sub-segments of this business sphere with respect to the product landscape and application spectrum. It individually assesses these sub-markets for a deeper understanding of the business expansion prospects.
 

Considering the competitive landscape, Dow AgroSciences LLC, Bayer Crop Science LLC, PT Agricon Indonesia, PT BASF Indonesia, PT Royal Agro Indonesia, PI Industries Ltd., Corteva Agriscience, Cheminova, Syngenta Indonesia PT, and Hansen Technologies are among the major companies influencing Indonesia crop protection chemicals market trends.