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The Thai Seed Sector Analysis is Segmented on the Basis of Crop Type (Row Crops and Vegetables) and Product Type (Hybrid Seeds, Conventional Seeds, and Varietal Seeds)
2016 - 2026
The Thai seed market was valued at approximately USD 565 million in 2016 and is estimated to register a CAGR of around 4.5% during the forecast period. The favorable factors making Thailand an attractive hub for seed production are good climate, which ensures seed production all year, skilled farmers, and excellent connectivity. The demand for vegetables is driven by regional markets and farmer preferences, requiring specific fruit types, plant habit and disease resistances meeting local conditions is driving the seed market.
The Thai Seed Trade Association (THASTA), established in 2002, and the Seed Association of Thailand (SAT) play significant roles in the Thai seed industry. In 2017, a partnership was established between East-West Seed Company and the Thai government to invest in R&D activities for the development of new varieties of quality seeds and cultivars for producing quality output.
The seed sector in Thailand is estimated to grow rapidly over the forecast period. The scope of the Indonesian seed sector report includes segmentation based on the types of crops, that is, grains and cereals including rice, maize, and other grains, vegetables and other types of crop seeds available in the Thailand market. The scope also covers a detailed analysis of the area under harvest and the production of key crops under cultivation in Thailand. The review period considered for the study is 2016-2019 and the forecast period is 2020-2025.
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The favorable factors making Thailand an attractive hub for seed production are good climate, which ensures seed production all year, skilled farmers, and excellent connectivity. The seed sector in Thailand has also been very innovative in the development and commercialization of innovative varieties into the market, many of which are now also found in neighboring countries.
Thailand seed sector envisages to produce good quality of rice, leguminous crops, and forage crop seeds, to meet the global demand and to increase its export value through the export of Thai developed varieties. Thailand is the second biggest exporter and it exports its vegetable seeds to India, Vietnam, and China. Outside Asia, the main importers of Thai vegetable seeds are the United States. The majority of Thai corn seed is exported to Vietnam, followed by Myanmar, Pakistan, Indonesia and Sri Lanka.
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The Thai seed vegetable market is dominated by the use of high quality, high yielding hybrids, the development of which required the use of modern breeding techniques, seed enhancements, and supporting technologies. The drive to develop the quality seed of high-quality hybrids has been driven by demand and competition. Demand for vegetables is driven by regional markets and farmer preferences, requiring specific fruit types, plant habit and disease resistances meeting local conditions.
Thailand is also a leader in the conversion of OP varieties to hybrids in the market, a factor which is often used in assessing the standard or performance of the sector in a country or region. Overall, the quality and diversity of vegetable and maize varieties available in the market in Thailand is one of the highest in the Asian region.
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While only a small number of seed companies in Thailand conduct their own R&D, their investments have driven competition in the market, for higher-quality varieties. Some of the key leading companies are East-West Seed (Thailand) Co. Ltd, Monsanto Thailand Ltd, Chia Tai Co. Ltd, Syngenta Thailand, Pacific Seeds (Thai) Ltd, and Pioneer Hi-Bred (Thailand) Co. Ltd.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Crop Type
5.1.1 Row Crop
126.96.36.199 Other Crop Types
5.2.1 Non-GM/Hybrid Seeds
5.2.2 GM Seeds
5.2.3 Varietal Seeds
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 East-West Seed (Thailand) Co.
6.3.2 Bayer AG
6.3.3 Chia Tai Co. Ltd
6.3.4 Syngenta Thailand
6.3.5 Pacific Seeds (Thai) Ltd
6.3.6 Adams Enterprise Seeds Limited
6.3.7 Siam Hi Tech Seeds.
6.3.8 Pioneer Hi-Bred (Thailand) Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS