Indonesia Seed Market Performance and Future Outlook to 2027

Overview

Executive Summary

Market Performance
In the past two decades, Indonesia has become a major player in the APAC seed market due to an increased demand of variety of seeds. The vast agricultural land with fertile soil has contributed in making Indonesia a major destination for crop production.
Vast fertile lands present in Indonesia makes the country lucrative for agriculture and rapidly rising population creating demand for major food crops such as wheat, rice and corn therefore farmers are focusing on rise in production to cater to rising domestic demand and the rising demand for food crops creating demand for seeds. Indonesia seed market enjoy stiff competition among organized and unorganized players with dominance of unorganized players in the market. Indonesia is the third largest rice producer in Asia after China and India. Indonesia’s total rice consumption is expected to reach 34.3 million tonnes in 2020, this highlights consumption is more than production and to fill the gap there is strong need to grow more rice. Indonesia is required to increase the use of hybrid seeds as part of its long-term national food strategy in order to meet a surge in rice demand.
Rice is the most important cereal crop in the country, followed by maize. Indonesia is the world’s 3rd largest producer and one of the world’s largest consumers of rice wherein almost 80% of the population are rice farmers. Country also imports a large quantity of vegetable seeds. The farmers are adopting hybrid seeds in order to increase their yield thereby resulting in growing revenues for the players involved in this market. Moreover, the growing production volumes of expensive seeds like tomatoes and corn have also contributed to the market. 

Export Opportunities
Indonesia agriculture exports of coffee, vegetables and fruits have gained demand in International markets even though there is a steep fall in global trade.  Agriculture exports recorded USD410 million in September 2020, grow by 16.22% from the same period previous year according to the Statistics Indonesia (BPS). However total exports of the country fell by 0.5% year-on-year (yoy) at USD14.01 billion.

Scope of the Study
The synopsis presented has been derived from the report titled “Indonesia Seed Market Performance and Future Outlook to 2027 published by Makreo Research and Consulting. The report provides a holistic perspective of past, present and future market performance. The report provides a comprehensive analysis of the economy performance of the country, crop production demand and supply and import/export scenario of the major crops. Report also decodes market by type of seeds, by type of Grains and cereal seeds, plantation crop seeds and Fruits and Vegetables Seeds also market is segmented by type of grains (Rice/paddy seeds, corn seeds, soy seeds and others). The study also includes an in-depth analysis of the micro industry factors such as major trends prevailing, highlight driving factors and restraints. The study has been carried out under macro assessment of the food industry performance in Indonesia, land utilization for farming, major crops plantation area and inflation trend in the past. The report analyze future market performance of the seed industry in Indonesia and also assesses major player’s performance during the review period. 

Key Players covered
The key players covered in this report are:

•     Company Profile-PT Bisi International Tbk
•     Company Profile- PT East West Seed Indonesia
•     Company Profile- PT DuPont Indonesia
•     Company Profile- DuPont Indonesia PT
•     Company Profile- PT Syngenta Indonesia 

Key Questions Answered

• What is the Past, Present, and Future outlook of Indonesia Seed Market?
• How Indonesia seeds market demand is shaping up which aggregates open pollinated seeds and hybrid seeds of different crop types?
• How the present production of seeds by type of seeds and the demand, this will help to evaluate the market opportunity?
• What is the trade (import/export) scenario in terms of food crops in Indonesia?
• What are the key drivers accounting for a shift in the market and challenges restraining the growth?
• The report helps to assess the major players operating in the space and how they are positioned in the market?