- The seed industry in Thailand is expected to grow at a CAGR of 7.3% for the period 2014-2018
- Future Growth of Thailand seed market is expected to be led by rising exports and government support to the farmers along with rising seed replacement rate and hybridization
Ken
Research announced its latest publication on “Thailand Seed Market Outlook to 2018 - Government
Support and Technological Advancement to Escalate Productivity” which provides
a comprehensive analysis of the seed industry in Thailand. The report covers
various aspects such as market size of Thailand seed market, segmentation on
the basis of seed types, vegetable and non vegetable seeds and by domestic and
import sectors. The report also focuses on hybrid seed growth trend including
rice hybrid seeds, maize hybrid seeds and vegetable hybrid seeds. This report will help industry consultants, seed
developing startup companies and other stakeholders to align their market
centric strategies according to ongoing and expected trends in the future.
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| Thailand Seed Market |
Thailand agricultural sector has
played a major role in the economic development of the country. The agricultural
sector of Thailand is mainly led by small scale producers of agricultural
products, which accounts for nearly one third of the 70 million population of
Thailand as of 2013. The exports of agricultural products accounted for one
fourth of the total exports value in the country in 2013. The total land area
of Thailand is estimated to be 51.4 million hectares as recorded in 2013, out
of which 41% is engaged in agricultural activities. The revenue generated by
the Thailand seed industry was valued at THB ~ million in 2013 which surged
from THB ~ million in 2006. The future trend of Thailand seed industry is
expected to be favorable as well on account of impelling demand due to
increased subsidies and increasing government efforts to promote the use of high
yielding varieties and increasing investments for research and development of
new varieties of crops. These factors are expected to lead the market towards
increased productivity.
Thailand is one of the largest
exporters of seeds in the world. It is regarded as the one of leading exporter
of corn seeds in the world. Some of the major seeds exported by Thailand are
corn, millet and other vegetable seeds such as potato, onion, tomato and
others. Corn seeds exported from Thailand have been showcasing decent growth
over the last few years. The export market has been growing at a CAGR of 13.4%
over the period 2008-2013.
According
to the research report, the seed market in Thailand will grow at a considerable
CAGR rate thus exceeding THB ~ million by 2018 due to the increasing FDI in
agriculture, technological improvement resulting growth in hybrid seed
production and increase in allocation of land for agricultural purposes by the
government.
“The increasing research and development
activities, favorable climate and the use of modern technologies will result in
the better production of quality seeds. Increasing genetic diversity of seeds
and improvement in infrastructure and supply chain will drive the market in the
forthcoming years”-According to the Research Associate, Ken Research.
Key Topics Covered in Thailand Seed
Industry Report:
Thailand
Seed Industry
-
Market Size by Revenue and Volume sold
-
Market Segmentation by
o
Types of Crops
o
Vegetable and Non Vegetable Seeds
o
Domestic and Import Sector
o
Hybrid Seed Developments
-
Rice Seed Industry
o
Market Size
o
Market Segmentation
§
Types of Rice Seeds Demanded
§
Market Structure Type
§
By Certification of Seeds
§
Hybrid Rice Seed
-
Corn Seed Industry
o
Market Size
o
Market Segmentation
§
Types of Maize Seeds
§
Hybrid Maize Seed
-
Vegetable Seed Industry
o
Market Size
o
Market Segmentation
o
Hybrid Vegetable Seed
-
Export and Import of Seeds by Destinations
-
Trends and Development
-
SWOT
-
Major Challenges
-
Competitive Landscape
-
Future Outlook
-
Macro Economic Parameters
Key Products Mentioned in the Report
-
Rice
-
Maize/ Corn
-
Vegetables
Companies Covered in the Report
-
International Players
o DuPont
o Monsanto
o East West Seeds
o Syngenta
o Bayer
o Pacific Seeds
o
Charoen Pokphand (CP) Seeds
- Domestic Players
o Lion Seeds
o Adams Enterprise Seeds Limited
o Siam Hi Tech Seeds
Related Reports:
Russia Seed Industry Outlook to 2018 - Cost-Effective Non-Hybrid
Seeds to Drive Market Growth
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-11-47017199
