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Thailand Crop Protection Chemicals Market Size (2024 - 2029)

The Thailand Crop Protection Chemicals Market is experiencing significant growth, driven by an increase in pesticide use associated with the cultivation of high-value cash crops such as vegetables and fruits. This shift from low-value to high-value crop production has led to a natural rise in pesticide consumption. The country's role as a leading exporter of food and agricultural products has further fueled the demand for pesticides, resulting in a notable increase in imports. Government policies, including favorable tax incentives and the promotion of sustainable pest management practices, alongside intensified land use, are key factors contributing to the expansion of the market size.

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Market Size of Thailand Crop Protection Chemicals Industry

Thailand Crop Protection Chemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 675.10 Million
Market Size (2029) USD 942.20 Million
CAGR (2024 - 2029) 6.80 %
Market Concentration High

Major Players

Thailand Crop Protection Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Thailand Crop Protection Chemicals Market Analysis

The Thailand Crop Protection Chemicals Market size is estimated at USD 675.10 million in 2024, and is expected to reach USD 942.20 million by 2029, at a CAGR of 6.80% during the forecast period (2024-2029).

  • The crop protection chemical industry has been transforming over the years, with robust growth coupled with changing crop mix trends and environmental regulations. According to World Bank data, Thailand’s population rose to 71.6 million in 2021 from 71.12 million in 2019. The rising population in Thailand resulted in an increased demand for food, creating the need for higher food production with constant arable land. The use of crop protection chemicals helps in increasing crop production per unit of land. Hence, to increase agricultural productivity, there is an increased consumption of crop protection chemicals in the country.
  • The rapid increase in pesticide use in Thailand is likely to account for an increase in cash crops. Most pesticide-intensive crops, vegetables, and fruits are the highest cash value-added crops in Thailand. As farmers have gradually switched from low-value-added to high-value-added crop production, the overall consumption rate of pesticides has naturally increased. According to the Office of Agricultural Economics (OAE) and the Office of Agriculture Regulations (OAR), the usage of pesticides has increased significantly in recent years. The import value of pesticides increased from USD 649.8 million in 2020 to USD 885.1 million in 2021. Thailand's prominent position as a top exporter of food and agricultural products has been the primary driver behind the surge in pesticide imports and usage over the past decade.
  • The Thai government has initiated projects and imparted knowledge on sustainable farming practices to bolster agricultural production in the nation. In 2021, CropLife International, a private sector collaborator, joined forces on the Market-Oriented Smallholder Value Chain (MSVC) project located in Thailand's Central Plains. This initiative emphasizes Integrated Pest Management (IPM), educating farmers on the responsible use of pesticides and promoting alternatives such as biocontrol agents.

Thailand Crop Protection Chemicals Industry Segmentation

Crop protection chemicals are a class of agrochemicals used to prevent the destruction of crops by insect pests, diseases, weeds, and other pests. The Thai crop protection chemicals market is segmented by product (herbicides, insecticides, fungicides, molluscicide, and nematicide), crop (commercial crops, fruits and vegetables, grains and cereals, pulses and oil seeds, and turf and ornamental crops), and application (chemigation, foliar, fumigation, seed treatment, and soil treatment). The report offers market size and forecasts in terms of value (USD) for all the above segments.

Product
Herbicides
Insecticides
Fungicides
Molluscicide
Nematicide
Crop
Commercial Crops
Fruits and Vegetables
Grains and Cereals
Pulses and Oil seeds
Turf and Ornamental Crops
Application
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
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Thailand Crop Protection Chemicals Market Size Summary

The Thailand crop protection chemicals market is experiencing significant growth, driven by the increasing use of pesticides in the cultivation of high-value cash crops such as rubber, coffee, and sugarcane. As farmers transition from low-value to high-value crop production, the demand for crop protection chemicals has surged. This shift is further supported by Thailand's role as a leading exporter of food and agricultural products, necessitating the import of various insecticides, herbicides, and fungicides. The government's favorable tax policies and promotion of sustainable pest management techniques are also contributing to the market's expansion. The horticultural sector, particularly the tropical fruit industry, plays a crucial role in this growth, with the increased use of agrochemicals ensuring steady production and higher yields.

The market is characterized by a few major global players, including Corteva Agriscience, Syngenta, ADAMA Agriculture Solutions, BASF SE, and Bayer Crop Science AG, alongside local traders. These companies are focusing on developing innovative products and technologies to enhance product quality. Recent product launches and strategic partnerships highlight the competitive landscape. Despite concerns over pesticide residues in fruits and vegetables, the intensity of pesticide use in Thailand remains lower than in some neighboring countries. The market's growth trajectory is expected to continue, supported by rising demand for agrochemicals and the ongoing expansion of cash crop production.

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Thailand Crop Protection Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Population and Limited Arable Land

      2. 1.2.2 Increasing Technical Innovations in the Fertilizer Industry

      3. 1.2.3 Adequate Support from the Government

    3. 1.3 Market Restraints

      1. 1.3.1 Increase in Adoption of Organic Fertilizers

      2. 1.3.2 Rising Fertilizer Prices Limiting Domestic Demand

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product

      1. 2.1.1 Herbicides

      2. 2.1.2 Insecticides

      3. 2.1.3 Fungicides

      4. 2.1.4 Molluscicide

      5. 2.1.5 Nematicide

    2. 2.2 Crop

      1. 2.2.1 Commercial Crops

      2. 2.2.2 Fruits and Vegetables

      3. 2.2.3 Grains and Cereals

      4. 2.2.4 Pulses and Oil seeds

      5. 2.2.5 Turf and Ornamental Crops

    3. 2.3 Application

      1. 2.3.1 Chemigation

      2. 2.3.2 Foliar

      3. 2.3.3 Fumigation

      4. 2.3.4 Seed Treatment

      5. 2.3.5 Soil Treatment

Thailand Crop Protection Chemicals Market Size FAQs

The Thailand Crop Protection Chemicals Market size is expected to reach USD 675.10 million in 2024 and grow at a CAGR of 6.80% to reach USD 942.20 million by 2029.

In 2024, the Thailand Crop Protection Chemicals Market size is expected to reach USD 675.10 million.

Thailand Crop Protection Chemicals Market Report Snapshots

Thailand Crop Protection Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)