Thailand Fertilizers News

Recent industry report about Thailand Fertilizers company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Thailand Fertilizers Market industry experts.

Thailand Fertilizers News

Players in the Thailand fertilizer market are adopting various business strategies, including mergers and acquisitions, product launches, expansions, partnerships, etc.

For instance, in 2020, Yara Thailand Company Limited, in collaboration with DTAC, a telecommunication service provider, launched an app called 'Kaset Go,' which educates the farmers in using modern technologies to increase the crop yield. This innovation may boost the sale of the Yara fertilizers as the farmers begin to gain more knowledge.

In 2020, Yara Thailand Company Limited has also launched a new granular fertilizer product for water systems in Thailand. The product was launched as a premium product targeting the greenhouse, farms using fertigation systems, etc.,

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  • September 2022: To expand GSFC's Agro-product portfolio, the company planned to enter into organic fertilizers by setting up a 2x200 MTPD PROM plant at a polymer unit by using available existing infrastructure.
  • April 2022: The company approved the merger between Liberty Pesticides and Fertilizers Limited (LPFL) and Coromandel SQM (India) Private Limited (CSQM) (wholly-owned subsidiaries), which came into effect on April 1, 2021. This merger is anticipated to expand the company's product portfolio, including its organic fertilizers, in the long run.
  • February 2022: Gujarat State Fertilizers & Chemicals Ltd launched the Urban Sardar organic fertilizer, an eco-friendly and non-toxic product containing organic sources of nutrients best suited for all flowering plants and ornamental plants, gardens, and kitchen gardening.
  • June 2022: Novozymes AS and AgroFresh formed a partnership to develop biological solutions and improve post-harvest food quality.
  • July 2021: Symborg Corporate SL signed a distribution agreement with Corteva Agrisciences. The agreement will help the company distribute its BlueN biofertilizer products to the European Union.
  • March 2021: Symborg Corporate SL opened a new manufacturing facility in Spain for the manufacturing of sustainable products for agriculture, such as biofertilizers.

In August 2022, Valent Biosciences subsidiary, Mycorrhizal Applications LLC, expanded its research facilities at the Bio Research and Development Growth Park at Donald Danforth Plant Science Center in St. Louis, Missouri. The expansion provides increased laboratory capacity for research related to arbuscular mycorrhizal fungi and allows the company to conduct in-depth research on new uses for mycorrhiza.

In June 2022, Groundwork BioAg and Israel-based global crop protection company ADAMA commercially agreed to offer sustainable, cost-effective mycorrhizal products to increase crop yields in the Indian market. This collaboration enables ADAMA and Groundwork BioAg to access India's vast and rapidly growing agricultural market, such as corn and soybean.

In April 2022, Premier Tech Ltd acquired US-based Northwoods Organics. This transaction would allow Premier Tech to strengthen its position in the United States by adding two peat bogs and a packaging plant for conditioning horticultural products.

  • October 2022: ACI Biolife Fertilizer and the Bangladesh Institute of Nuclear Agriculture (BINA) signed an MoU for Biofertilizer, i.e., Trichoderma development and testing. ACI Fertilizer is developing a Biofertilizer Lab at Jhikorgacha, Jessore, with support from BINA.
  • September 2022: Corteva Agriscience acquired Symborg, an expert in microbiological technologies based in Murcia, Spain. Acquiring Symborg is a significant next step in Corteva's strategy to accelerate the development of a best-in-class biological portfolio as a valuable part of the integrated solutions.
  • March 2022: Rizobacter expanded and commercialized its products to other African countries apart from South Africa, including Malawi, Zambia, Nigeria, Ghana, Uganda, Kenya, Sierra Leone, and Tanzania.

Players in the Thailand fertilizer market are adopting various business strategies, including mergers and acquisitions, product launches, expansions, partnerships, etc.

For instance, in 2020, Yara Thailand Company Limited, in collaboration with DTAC, a telecommunication service provider, launched an app called 'Kaset Go,' which educates the farmers in using modern technologies to increase the crop yield. This innovation may boost the sale of the Yara fertilizers as the farmers begin to gain more knowledge.

In 2020, Yara Thailand Company Limited has also launched a new granular fertilizer product for water systems in Thailand. The product was launched as a premium product targeting the greenhouse, farms using fertigation systems, etc.,

In June 2021, Petrokimia Gresik signed an MoU for gas purchase with Kangean Energy Indonesia for an ammonia-urea plant.

In October 2020, PT. Pupuk Sriwidjaya Palembang carried out a soft launch of Cassava NPK Fertilizer in Sidokerto Village, Bumi Ratu Nuban District, Central Lampung Regency, to support cassava productivity and build an integrated industry in the region.

  • February 2024: The Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Agriculture Jahad (MAJ) inaugurated a workshop aimed at enhancing pistachio food safety and productivity. Their focus is on refining safety procedures and boosting the output, export, and quality of pistachio products throughout the entire supply chain management system.
  • January 2024: Setton Pistachio of Terra Bella Inc., the second-largest pistachio grower and processor in the United States, introduced a new product named the Pistachio Pub Mix, expanding its innovative line of premium pistachio snacks.
  • April 2023: Nationwide Produce Plc, a top supplier of fresh produce in the UK, has unveiled its new premium British asparagus brand, 'SPEAR IT'.
  • July 2021: Teboza, a Dutch company, launched an asparagus concept called Tasty Spears. With the launch of Tasty Spears, the company wants to allow consumers to enjoy healthy, fresh asparagus year-round.
  • February 2023: Roquette, Agri Obtentions, Eurial, Greencell, INRAE, and the Université Lumière Lyon 2 have unveiled a joint initiative: AlinOVeg, titled “Innovating in Plant-Based Food.” Over the next five years, these public and private entities will collaborate to tackle challenges in the plant-based food sector. Their goals include cultivating a French sector centered on plant-based sources, specifically pea and fava bean proteins, and providing healthier, sustainable alternatives to dairy products. The initiative boasts a budget of €11.4 million, with €8.3 million sourced from the French government under the France 2030 initiative.
  • September 2022: Lantmännen, an agricultural cooperative in Northern Europe, invested over SEK 1 billion (USD 95.7 million) in a new large-scale production facility for pea protein in Lidköping, Sweden, which is expected to be completed in early 2026.
  • May 2022: China and Russia signed a phytosanitary protocol for peas opening the door for competition in Canada's top market. In the upcoming years, Russia will start exporting peas to China, increasing competition for Canadian exports.
  • January 2023: Powers Irish Whiskey launched the world's first 100% Irish rye whiskey bottled at 43.2% ABV. Powers Irish Rye is released in the United States, Ireland, Northern Ireland, Dublin Airport, and online platforms.
  • July 2022: Danone launched Alpro Totally Nordic Rye across Sweden and Finland. The drink is a plant-based alternative to milk and the first of its kind based on rye grain.
  • August 2021: In the United States, northeastern Iowa farmers used hybrid rye to help reduce ragweeds without using herbicides on row crops such as corn and soy.

Thailand Fertilizers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)