Thailand Crop Protection Market by Type
(Pesticides (Herbicides, Insecticides, Fungicides, others) and Bio-pesticides
(Bio-chemical pesticides, Microbial Pesticides, others)) by Crop Type (Cereal,
Vegetable and Forage Crops) - Outlook to 2022” provides a comprehensive
analysis of Crop Protection market in Thailand. The report covers Thailand Crop
Protection market size, market segmentations by Pesticides (Herbicides,
Insecticides, Fungicides, others) and Bio-pesticides (Bio-chemical pesticides,
Microbial Pesticides, others), by crop type (cereal, fruits & vegetable and
forage crops), by market source (domestic production and imports) and by market
structure (organized and unorganized market), by form (liquid and solid)*. The
report also covers market in different aspects such as trends and developments,
issues and challenges, SWOT analysis, trade scenario, regulatory scenario,
market share of major producers, company profiles of major producers (Bayer
Thai Co. Ltd., BASF, Du Pont (Thailand) Ltd., Yara International, ADAMA
Thailand, Syngenta, Dow Agrosciences, Arysta Lifescience (Thailand) Co. Ltd.,
Sumitomo Chemical Thailand, Sahaikaset Agrochemicals Co. Ltd., Sherwood
Chemicals, AG-AGRO (Thailand) Co. Ltd., Project Field Co. Ltd. and Sotus International
Co,Ltd.) in Crop Protection market. The report provides detailed overview on
future outlook & projections with analyst recommendations for the industry.
Industry
Overview
Agriculture is an important sector for
Thailand’s economy. The sector plays a vital role in terms of employment,
capital accumulation and contribution to government’s revenue through export.
The practice of intensive farming is common in the country with usage of large
amount of pesticides. The crop protection market witnessed a modest growth rate
of ~% during 2012-2017. The overall market grew from USD ~ million in 2012 to
USD ~ million in 2017. The country is one of the leading producers and
exporters of rice in the world. Rubber, sugarcane, cassava, fruit, cashew nuts,
corn, tobacco, cotton, cocoa, peanuts and soybeans are some of the other major
crops grown in Thailand. The farmers in the country have gradually shifted from
low-value added crops to high-value added crops which has significantly
increased the consumption of pesticides in the country. The policies and
regulations of the government regarding tax and import of agrochemicals in the
country are industry friendly. However, since 2010 the government has tried to
implement the internationally accepted Maximum Residue Level (MRL) for
pesticide. This has been a small constraint in the growth of the market, but on
a larger scale it has promoted the practice of sustainable farming and use of
bio-pesticides in the country.
Market
Segmentation of Thailand Crop Protection Product Market
Type of crop protection products: The Thailand Crop Protection Market has
been bifurcated into two types of products majorly; pesticides and
bio-pesticides. Pesticides have been further segmented into herbicides,
insecticides, fungicides and bio-pesticides have been segmented into
bio-chemical and microbial bio-pesticides. The overall revenue contribute by
the pesticides was ~% (USD ~ million) in the total crop protection market in
Thailand in 2017. Whereas the revenue contributed by bio-pesticides was around
~% (USD ~ million) of the total market revenue.
By Crop Type: The type of crop protection
product used for each crop is different. Therefore the market has been
segmented into three types of products, depending on the type of crop; cereal
crops, fruits & vegetable crops and forage crops. The revenue generated by
crop protection products used for cereal crops was ~% (USD ~ million) of the
overall market revenue in 2017. The revenue generated by crop protection
products used for forage crops was ~% (USD ~ million), whereas for fruits and
vegetable crops was ~% (USD ~ million) of the overall revenue of the market in
2017.
Competitive
Scenario in Thailand Crop Protection Market
The crop protection industry in the country
has been dominated by few major players which have accounted for major market
share during 2017. The presence of global players has increased the overall
quality of products in the industry. Thailand crop protection market is
dominated by major players including Bayer Thai Co. Ltd., BASF, Du Pont
(Thailand) Ltd., Yara International, ADAMA Thailand, Syngenta, Dow
Agrosciences, Arysta Lifescience (Thailand) Co. Ltd., Sumitomo Chemical
Thailand, Sahaikaset Agrochemicals Co. Ltd., Sherwood Chemicals, AG-AGRO
(Thailand) Co. Ltd., Project Field Co. Ltd. and Sotus International Co, Ltd.
ADAMA Agricultural Solutions Ltd is a leading
manufacturer and distributer of crop protection solutions in Thailand. The
company produces variety of adjuvants, fungicide, growth regulators, herbicides
and insecticides. The company has accounted a share of ~% of the total revenue
in the overall market during 2017. Arysta Life Science is a global agricultural
company specializing in the marketing and distribution of innovative crop
protection and life science brands. The company manufactures a range of crop
protection products. The company accounted for a share of ~% in the overall
market during 2017. BASF SE is one of the leaders of the crop protection market
in Thailand. The company is global conglomerate and invests heavily into
R&D of newer varieties of crop protection products. The company has its
headquarters in Germany. BASF accounted for share of ~% in the overall crop
protection market during 2017 in Thailand. Bayer Crop Sciences is a global
conglomerate having its Crop Sciences headquarters in Monheim, Germany. The
company produces a range of crop protection including fungicides, herbicides,
insecticides and others. The company accounted for share of ~% in the overall
crop protection market during 2017 in Thailand. Dow Agro Sciences is one of the
global leaders in production of crop protection products. The company produces
insecticides, herbicides, fungicides, fumigants, pest management and nitrogen
stabilizers. The company accounted for a share of ~% in the overall market
during 2017. Other major players in the industry are Yara International,
Syngenta, Dow Agrosciences, Sumitomo Chemical Thailand, Sahaikaset
Agrochemicals Co. Ltd., Sherwood Chemicals, AG-AGRO (Thailand) Co. Ltd.,
Project Field Co. Ltd. and Sotus International Co,Ltd.
Future
Potential of Thailand Crop Protection Market
The revenue from the Thailand crop protection
industry is projected to register modest growth over the period 2018-2022. It
is projected to grow by CAGR of ~% over the period 2018-2022 and is expected to
reach USD ~ million in 2022 as compared to USD ~ million in 2018. It is
expected that the agriculture industry in Thailand will see sustainable and
long term growth owing to the efforts of the government. Under the Thailand 4.0
programme the government has taken several initiatives to transform the current
state of the agriculture in the country and propel the agriculture sector
towards smart and sustainable growth. Parallel to the growth in the agriculture
sector, the crop protection market is also likely to witness sustainable
growth. The government’s initiative to maintain its leadership in
agro-production will propel the market for crop protection products. The market
for bio-pesticides is also expected to witness substantial growth in the long
run on the back of government’s effort to standardize the MRL for pesticides
and promote organic farming in the country.
Key Topics
Covered in the Report:
Thailand Crop Protection Market Size
Thailand Pesticides Demand
Thailand Herbicides Market Revenue
Thailand Insecticides Market Size
Fungicides Products Demand Thailand
Thailand Bio-Pesticides Demand
Bio-Chemical Pesticides Market Revenue
Thailand
Crop Protection Domestic Production Thailand
Thailand Crop Protection Market Regulations
Microbial Pesticides Demand Thailand
Competition Thailand Crop Protection Industry
Major Crops Production Thailand
Thailand Pesticides and Bio-Pesticides Exports
Future Outlook of Thailand Crop Protection
Market
DuPont Thailand Revenue from Crop Protection
Products
BASF Thailand Revenue from Crop Protection
Products
ADAMA Thailand Market Share
Arysta Sales Crop Protection Products Thailand
Market
Bayer Thailand Market Share Crop Protection
For more
information on the research report, refer to below link:
Related
Reports by Ken Research
Contact Us:
Ken Research
Ankur Gupta, Head Marketing
+91-124-4230204