Market Size of thailand vegetable seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 48.66 Million |
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Market Size (2030) | USD 63.09 Million |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 4.42 % |
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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 Vegetable Seed Market Analysis
The Thailand Vegetable Seed Market size is estimated at 48.66 million USD in 2024, and is expected to reach 63.09 million USD by 2030, growing at a CAGR of 4.42% during the forecast period (2024-2030).
48.66 Million
Market Size in 2024 (USD)
63.09 Million
Market Size in 2030 (USD)
3.01 %
CAGR (2017-2023)
4.42 %
CAGR (2024-2030)
Largest Market by Crop Family
24.03 %
value share, Roots & Bulbs, 2023
It is the largest segment due to the increasing cultivated area under commercial seeds. It has a high export demand and is largely used for domestic purposes.
Largest Market by Breeding Technology
83.59 %
value share, Hybrids, 2023
The high share of hybrids is associated with the increasing area under hybrids, the comparatively higher seed replacement, high yield, and disease resistance.
Fastest-growing Market by Crop Family
6.70 %
Projected CAGR, Roots & Bulbs, 2024-2030
In Thailand, potato and onion are two of the major vegetable crops. Their rapid growth is due to the adoption of hybrid varieties and adaptability to wider growing environments.
Fastest-growing Market by Breeding Technology
4.42 %
Projected CAGR, Hybrids, 2024-2030
Due to inherent characteristics such as high vigor, resistance to biotic and abiotic stresses, high yield, and uniform maturity, the hybrid segment is growing at the fastest rate.
Leading Market Player
24.18 %
market share, Syngenta Group, 2022
Syngenta Group is a prominent player in the region with its wider portfolio, which includes high-performance vegetable varieties that are suitable for local climatic conditions.
Hybrids are in high demand owing to their usage in the protected cultivation of vegetables
- In 2022, the share of hybrids was more than the open-pollinated varieties in Thailand’s vegetable seed market. The demand for hybrid seeds is high due to benefits such as drought tolerance, adaptability to different soils, and higher yield than open-pollinated seed varieties.
- The share of hybrid seeds in protected cultivation is 100% because open-pollinated varieties (OPVs) face constraints like lower yields, delayed maturity, and inferior quality. An increase in the area under protected cultivation is driving the demand for hybrids in Thailand.
- In 2022, hybrids accounted for 83.5% of the vegetable seed market in Thailand. The increase in awareness about the advantages of hybrids, such as early bearing, disease resistance, and high yielding, is responsible for the increased use of hybrids in the country for vegetable production.
- In 2022, hybrids under protected cultivation accounted for 0.1% of the hybrid vegetable seed market in the country. The low share is due to the requirement of high initial investments for protected cultivation. During the forecast period, the hybrid seeds market under protected cultivation is projected to witness a CAGR of 7.1% due to the year-round demand for vegetables and government support for protected cultivation.
- Open-pollinated varieties require fewer inputs, such as fertilizer and pesticides, and are more affordable for low-income farmers. Therefore, the open-pollinated varieties segment concerning vegetables is projected to witness a CAGR of 4.3% during the forecast period.
- Due to the development of hybrids and improved open-pollinated varieties, agricultural production increased in the country. Thus, the demand for commercial seeds is estimated to increase during the forecast period.
Understand The Key Trends Shaping This Market
