The fertilizer industry of Indonesia has been dominated by the chemical fertilizers in the past. However slowly over the years, farmers and government have realized the damaged caused by its excessive use. Thus in order to ensure the soil fertility, the government has now started to promote increasing usage of organic fertilizers in the country which was earlier restricted due to the higher retail prices of the organic fertilizers. The estimated consumption of organic fertilizers in the country reached ~ tons in 2011.
From a longer term perspective, the consumption of organic fertilizers in the country is expected to gradually increase and represent a greater proportion in the overall fertilizer market of Indonesia. Various initiatives of the government such as the ‘Go Organic program’ started by the government also plan to subsidize the organic fertilizers as well. These initiatives have driven the growth of organic fertilizers to some extent in the country.
“In 2008 about 17 microbial brands and 174 brands of organic fertilizers were produced representing the increasing importance of organic fertilizers in the Indonesia fertilizer industry while in the same year, government provided as many as 1,411 units.- ‘Indonesia Fertilizer Industry Outlook to 2017 - Escalating Usage of Organic Fertilizers’ by Ken Research.
As excessive concentration of nitrogen fertilizers driven by urea would has led to soil degradation over the years in the country, the Indonesian government has started to take corrective steps. By the year 2014, the demand for organic fertilizers is expected to reach 13,000 tons thereby representing a potential growth of the organic fertilizers market which can be tapped by the fertilizer producing companies in the country.
The report provides detailed overview on the fertilizer market in Indonesia and help reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, fertilizer companies and marketing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.