Market Size of thailand seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 675.1 Million |
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Market Size (2030) | USD 846.2 Million |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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CAGR (2024 - 2030) | 3.84 % |
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Thailand Seed Market Analysis
The Thailand Seed Market size is estimated at 675.1 million USD in 2024, and is expected to reach 846.2 million USD by 2030, growing at a CAGR of 3.84% during the forecast period (2024-2030).
675.1 Million
Market Size in 2024 (USD)
846.2 Million
Market Size in 2030 (USD)
3.60 %
CAGR (2017-2023)
3.84 %
CAGR (2024-2030)
Largest Market by Crop Family
89.14 %
value share, Grains & Cereals, 2023
In Thailand, rice is the major staple food crop, occupying a major share of the agricultural area. The increasing area under corn cultivation and demand for corn are driving the market.
Largest Market by Breeding Technology
69.03 %
value share, Open Pollinated Varieties & Hybrid Derivatives, 2023
This is due to the higher adoption of open-pollinated varieties and hybrid derivatives in rice and other cereals, which are the major crops cultivated in the country.
Fastest-growing Market by Crop Family
6.70 %
Projected CAGR, Roots & Bulbs, 2024-2030
The fast growth of the roots and bulbs segment is driven by the increasing cultivation area under the bulb crops and increasing domestic demand for culinary purposes.
Fastest-growing Market by Breeding Technology
5.60 %
Projected CAGR, Hybrids, 2024-2030
The fast growth of hybrids is associated with characteristics such as high yield, biotic and abiotic stress resistance, high vigor, and early bearing in vegetables.
Leading Market Player
4.72 %
market share, Groupe Limagrain, 2022
It is the market leader in the country with its multi-brand partnership strategy, which allows it to offer a much wider and more diversified variety of crops.
Open-pollinated varieties and hybrid derivates dominate the market because major crops such as rice are mostly cultivated with OPV seeds due to easy availability
- In 2022, open-pollinated varieties and hybrid derivatives accounted for a major share of the Thai seed market, with 69.6%. The larger share was mainly due to the extensive area under rice cultivation, where open-pollinated varieties are most common.
- In Thailand, hybrid seeds accounted for 30.4% of the seed market in 2022. Out of the total value of the hybrid seed market, row crops accounted for 80.3%, whereas vegetables accounted for 19.7% in 2022. The high share of vegetables was due to the increased demand for vegetables as a result of the growing population and increased health consciousness.
- During the forecast period, the grains and cereals segment is estimated to grow, registering a CAGR of 6.1%. As transgenic hybrids are not approved in the country, there is reliance on non-transgenic hybrid seeds to recover from lagging productivity and meet the production demand.
- In Thailand, vegetables accounted for 1.7% of the market for open-pollinated varieties in 2022. Vegetables accounted for the minimum share due to the preference for high-yielding and disease-resistant hybrids. Among vegetables, major shares were held by cucumber and gherkins (15.9%), chili (15.3%), and onion (5%) in 2022, as these vegetables are highly valued in the country.
- In Thailand, the adoption of hybrids and improved open-pollinated varieties have resulted in many advantages, such as self-sufficiency in production, improvement in the quality of agricultural products, and stability in production. Such factors are estimated to drive the growth of the country’s seed market during the forecast period at a CAGR of 3.8%.
Understand The Key Trends Shaping This Market
