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Southeast Asia Agrochemicals Market
Healthy Growth Projected Throughout Forecast Period
The Southeast Asia agrochemicals market is expected to experience healthy growth through 2006
after down years in 1997 and 1998. A number of factors are shaping the development of
agrochemical markets in Southeast Asia, making this region a prime area of growth for domestic
and international companies. The recovery of the Southeast Asian economy, and the stabilization of
regional currencies are giving farmers an incentive to invest in these crop-protecting chemical.
There is also a rising awareness of the benefits of agrochemicals among end users and an increase
in areas that needs treatment.
This Frost & Sullivan study analyzes the issues facing the insecticide, fungicide, herbicide, and other
agrochemical segments of the Southeast Asia agrochemicals market. It studies market and revenue
trends in four regions of Southeast Asia: Indonesia, Malaysia, the Philippines, and Thailand.
Singapore is excluded because of its lack of an agricultural industry. This deliverable can help your
company focus its resources in areas that should prove the most lucrative.
Market Liberalization Sparks Competition
Globalization of the agrochemical markets is expected to have a profound effect in Southeast Asia.
The lowering of trade barriers as free trade agreements are implemented allows the entry of more
competitors in the market. These lowered barriers to market access may spark a price war,
enabling generic producers to gain market share at the expense of established, branded
The opening of markets will allow generic producers from countries like China and India to increase
their presence in respective countries, making the market more competitive, states the author of
this study. The ASEAN Free Trade Association (AFTA), is forecast to come into place in 2003 and
this can create great opportunities for companies that ar