Thailand Crop Protection Chemicals Market - Growth, Trends, and Forecasts (2020 - 2025)

The Thailand Crop Protection Chemicals Market is segmented by origin into synthetic and bio-based crop protection chemicals, by product group into insecticides, herbicides, fungicides, and other crop protection chemicals, and by application into grains and cereals, oilseeds and pulses, fruits and vegetables, turf and ornamentals, and other crop types.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

4.4 %

Major Players:

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Market Overview

The Thailand crop protection chemicals market is estimated to register a CAGR of 4.4% during the forecast period (2020-2025). The rapid increase of pesticide use in Thailand may be accounted for an increase in cash crops. Most pesticide-intensive crops, vegetables, and fruits, in Thailand, are the highest cash value-added crops. As farmers have gradually switched from low value-added to high value-added crop production, the overall consumption rate of pesticides has naturally increased. Knoell Thailand provides the registration services for pesticides in Thailand. The Office of Agricultural Economics (OAE) and the Office of Agriculture Regulations (OAR) have shown that the usage of pesticides has increased significantly in recent years. The utilization of pesticides by Thai farmers has increased from 2.0 kilograms per hectare to 7.0 kilograms per hectare. The favorable tax policy of the Thai government towards the growing market of agrochemical import, promotion of sustainable and integrated pest management techniques, and increased intensity of land use are the major drivers for the market.

Scope of the Report

Plant protection may be defined as the measures taken to protect cultivated plants against diseases, pests, as well as weed and grasses. Majorly, four kinds of pesticides have been considered in the report, which includes insecticides, herbicides, fungicides, and other types of pesticides. In addition, the report takes into account both synthetic pesticides and bio-pesticides for a comprehensive analysis. The report presents a wide-ranging analysis of market share, size, and volume of the crop protection chemicals market in Thailand. The study period considered is 2016-2019 and the forecast period is 2020-2025.

Origin
Synthetic Crop Protection Chemicals
Bio-based Crop Protection Chemicals
Product Group
Herbicides
Insecticides
Fungicides
Other Product Groups
Application
Grains and Cereals
Oilseeds and Pulses
Fruits and Vegetables
Turf and Ornamental Grass
Other Applications

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Key Market Trends

Increase in Cash Crops with Higher Application Rate

The most pesticide-intensive crops in Thailand, viz., vegetables and fruits, are also the highest cash value-added crops. Thailand is the world's largest producer and exporter of natural rubber, accounting for roughly one-third of the world's production. As farmers have gradually switched from low value-added to high value-added crop production, the overall consumption of pesticides has naturally increased. In order to raise yield, farmers have intensified pesticide use in the production of all crops. This is reflected in the increasing share of pesticide costs in total production costs. More cash crops, reduction in the prices of pesticides, awareness about increasing crop yield by mitigating risks posed by pests and diseases, and the promotion of pesticide use by the government, all some of the factors that relate to this rapid rise in pesticide application in Thailand.

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Crop-based Products Dominate the Crop Protection Chemicals Market

The pesticide market in Thailand can be into two distinct types based on application, viz., crop-based application and non-crop based application, with the crop-based application having a major portion of the market share. For the herbicide market, plantation crops and the rice sector are of great importance in Thailand. Similarly, for the insecticide market, the most important crops are rice and other horticulture products, while for the fungicide market, the horticultural sector is the most important. A research study was undertaken by Biodiversity Sustainable Agriculture Food Sovereignty Action Thailand (Biothai) found that the highest levels of pesticide residues were present in the case of fruits and vegetables. Also, around 62% of such fruits and vegetables included more than one pesticide as residue. In Thailand, the amount of pesticide applied per hectare has increased from 7kg/ha in 2009 to 8.4kg/ha in the year 2012. However, the pesticide use intensity of Thailand is still lower than that of Vietnam, though it is higher than that of Laos and Cambodia. The application of pesticides in the case of fruits and vegetables has been the highest over the past several years and this trend is likely to continue in the future.

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Competitive Landscape

Companies in Thailand Crop Protection Chemicals market are mainly focused on developing new and qualitative products, and developing new technologies to improve product quality. New product launches, partnerships, and mergers and acquisitions are the main strategies followed by the major players in the market. Top companies supplying biopesticides in Thailand are ADAMA, DowDuPont, BASF, and Syngenta. The widely produced local biopesticide in Thailand is Trichoderma harzianum. The top three major global pesticide players present in Thailand are DowDuPont, BASF, and Bayer Thai Co., Ltd. The Thailand pesticide market is also dominated by local traders. Sotus International Co., LTD. is one of the top distributors of pesticides in Thailand.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Origin

      1. 5.1.1 Synthetic Crop Protection Chemicals

      2. 5.1.2 Bio-based Crop Protection Chemicals

    2. 5.2 Product Group

      1. 5.2.1 Herbicides

      2. 5.2.2 Insecticides

      3. 5.2.3 Fungicides

      4. 5.2.4 Other Product Groups

    3. 5.3 Application

      1. 5.3.1 Grains and Cereals

      2. 5.3.2 Oilseeds and Pulses

      3. 5.3.3 Fruits and Vegetables

      4. 5.3.4 Turf and Ornamental Grass

      5. 5.3.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Bayer Thai Co. Ltd.

      2. 6.3.2 Basf (Thai) Company Limited

      3. 6.3.3 Corteva Agrisicence

      4. 6.3.4 Adama Thailand Co., Ltd.

      5. 6.3.5 Syngenta Co., Ltd.

      6. 6.3.6 Arysta Lifescience (Thailand) Co. Ltd.

      7. 6.3.7 Sumitomo Chemical Thailand

      8. 6.3.8 Sahaikaset Agrochemicals Co. Ltd.

      9. 6.3.9 AG-AGRO (Thailand) Co. Ltd.

      10. 6.3.10 Sotus International Co,Ltd.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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