Thailand Crop Protection Market Future Outlook - Ken Research

Thailand Crop Protection Market Future Outlook

The growth in the crop protection industry of Thailand can be attributed to the substantial increase in production and export of crops and agriculture developmental policies adopted by the government.

Thailand is one of the largest exporters of rice, cassava and sugarcane in the world. The country has significantly increased its production capacity and export of these crops over the years. The gradual increase in production of crops along with the intensive farming culture in the country has been the key drivers of growth in the crop protection industry.  The industry is largely import driven and the annul import of these products have seen a gradual rise in recent years. The consumption of herbicides was the most followed by fungicide and insecticide. The growth in consumption of microbial pesticides has been the most in the country. China, India and Switzerland have been the top source countries for the Thai crop protection market. The imports from all these countries have significantly grown. In recent years the prices of most of the pesticides have dropped except a few. However, the value of overall import has increased due to substantial growth in volume of these products.

Almost all the major global players of the crop protection industry are present in the Thai market. The domestic companies are mostly involved in trading and import of crop protection products from other countries. The government in recent years has focused on development of the overall agricultural sector in the country. Several initiatives have been taken to help farmers and promote sustainable farming practices. To promote the export of food products in the international market the Thai government has focused on adhering to international MRL standards for pesticides. Farmers are also encouraged to practice organic farming.  All these policy changes and steps taken by the government have directly or indirectly augmented the crop protection market in Thailand.

The report titled “Thailand Crop Protection Market by Type (Pesticides (Herbicides, Insecticides, Fungicides, others) and Bio-pesticides (Bio-chemical pesticides, Microbial Pesticides, others) by Crop Type (Cereal, Vegetable and Forage Crops) – Outlook to 2022” by Ken Research suggested a growth at a positive CAGR in revenues in Thailand Crop protection market in the next 5 years till 2022, due industry friendly policies of the  government, rise in organic farming trend and increase in domestic consumption and export of agri-food products.


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