Thailand Crop Protection Chemicals Pesticides Market

Thailand Crop Protection Chemicals Pesticides Market by Origins (Synthetic and Bio-Based), Products (Fungicides, Herbicides, Insecticides, and Other Crop Protection Chemicals), and Applications (Oilseeds and Pulses, Grains and Cereals, Turf and Ornamentals, Fruits and Vegetables, and Other Crop Types), Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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  • Author: Growth Market Reports
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The Thailand Crop Protection Chemicals Pesticides market size is projected to register a substantial CAGR of 4% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing adoption of Integrated Pest Management (IPM) to Improve Yields and to yield more.

Thailand's economy is heavily dependent on agriculture. In terms of employment, economic growth, and income contribution to the government through export, the industry is significant. Intensive farming, which involves the use of huge amounts of pesticides, is widespread in the nation.

Thailand Crop Protection Chemicals Pesticides Market summary

Pesticides use in Thailand has risen rapidly, due to an increase in cash crops. Pesticide-intensive crops, such as vegetables and fruits, have the most financial value-added in Thailand. Pesticide usage has naturally grown as farmers have steadily transitioned from low-value-added to high-value-added crop production. The market is being driven by the Thailand government’s favorable tax policy towards the rising market of agrochemical imports, the development of sustainable and integrated pest control strategies, and rising land-use intensity.

Crop protection can be described as the actions performed to keep cultivated plants safe from diseases, pests, weeds, and grasses. Mainly, considers four categories of pesticides: insecticides, fungicides, herbicides, and other pesticides. Pesticide use has naturally grown as farmers have steadily transitioned from low-value-added to high-value-added crop production. Farmers have increased the use of pesticides in the cultivation of all crops to increase output. The rising proportion of pesticide expenses in total production costs reflects this. More income crops, lower pesticide prices, more understanding about enhancing agricultural production by reducing insect and disease risks, and government encouragement of pesticide usage are all factors that have contributed to Thailand's fast increase in pesticide application.

Pesticides are chemicals that are used to control, eradicate, and prevent the spread of pests and unwanted plant and animal species. Pesticides are a group of herbicides, insecticides, and fungicides. Pesticides decrease fruit thinning by acting as growth regulators in plants. They also keep the fruit from falling off before it ripens. To preserve crops from degradation during storage and transportation, pesticides are given before or after harvest.

The COVID-19 pandemic has had little influence on Thailand's crop protection chemicals industry, owing to lower transit constraints. The government has exempted all forms of agricultural activity from the effects of lockdowns or interruptions, therefore there has been no such consequence from the corona outbreak. Due to farmers' panic buying behavior, agrochemical firms have achieved double-digit profits.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising cash crops, lower pesticide prices, more understanding about raising economic production by reducing insects and disease risks, and government support of pesticide usage are all factors driving the market expansion.
  • Rising in requirement for food safety due to the increase in population is anticipated to fuel the market expansion during the forecast period.
  • Growing pests and diseases as a result of climatic fluctuations are estimated to boost the market expansion in the coming years.
  • Pesticides' harmful effects on human health are of growing concern due to the persistent nature and toxic characteristics residual concerns are projected to impede the market growth.
  • High R&D expenses and the considerable research necessary to develop new pesticides are estimated to hamper the market growth.
  • Biopesticides and organic agriculture are experiencing rapid expansion are expected to offer significant opportunities for the market players.

Scope of the Report

The report on the Thailand crop protection chemicals pesticides market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Thailand Crop Protection Chemicals Pesticides Market - Thailand Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Origins (Synthetic and Bio-Based), Products (Fungicides, Herbicides, Insecticides, and Other Crop Protection Chemicals), and Applications (Oilseeds and Pulses, Grains and Cereals, Turf and Ornamentals, Fruits and Vegetables, and Other Crop Types)

Country

Thailand

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Adama Thailand Co., Ltd.; AG-AGRO (Thailand) Co. Ltd.; Arysta Lifescience (Thailand) Co. Ltd.; Basf (Thai) Company Limited; Bayer Thai Co. Ltd.; Corteva Agrisicence; Sahaikaset Agrochemicals Co. Ltd.; Sotus International Co, Ltd.; Sumitomo Chemical Thailand; and Syngenta Co., Ltd.

Thailand Crop Protection Chemicals Pesticides Market Segment Insights

Synthetic segment is projected to account for a large market share

Based on origins, the crop protection chemicals pesticides market is divided into synthetic and bio-based. The synthetic segment is expected to constitute a key share of the market during the forecast period due to synthetic crop protection chemicals are chemical mixtures created in labs to prevent kill, repelling, or destroying pests. Synthetic crop protection chemicals are known to be harmful and hazardous if they are not utilized correctly.

Herbicides segment is expected to grow at a rapid pace

In terms of products, the market is segregated into fungicides, herbicides, insecticides, and other crop protection chemicals. The herbicides segment is expected to represent a key share of the market in the coming years due to commonly employed in weed management, which aids in crop yield and output quality. Herbicides aid in the reduction of soil erosion as well as the improvement of soil fertility and crop productivity. They are sometimes referred to as weed killers since they are used to manage or eliminate undesirable crops. Herbicide use in agroecosystems can alter weed population composition. In the agriculture industry, herbicides are widely used.

Grains and Cereals segment is anticipated to expand at a substantial CAGR

On the basis of applications, the crop protection chemicals pesticides market is segmented into oilseeds and pulses, grains and cereals, turf and ornamentals, fruits and vegetables, and other crop types. The grains and cereals segment is expected to hold a key share of the market during the forecast years due to the growing need for food.

Thailand Crop Protection Chemicals Pesticides Market application

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Crop Protection Chemicals Pesticides Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Crop Protection Chemicals Pesticides Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Crop Protection Chemicals Pesticides Market - Supply Chain
  4.5. Global Crop Protection Chemicals Pesticides Market Forecast
     4.5.1. Crop Protection Chemicals Pesticides Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Crop Protection Chemicals Pesticides Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Crop Protection Chemicals Pesticides Market Absolute $ Opportunity
5. Global Crop Protection Chemicals Pesticides Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Crop Protection Chemicals Pesticides Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Crop Protection Chemicals Pesticides Demand Share Forecast, 2019-2026
6. North America Crop Protection Chemicals Pesticides Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Crop Protection Chemicals Pesticides Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Crop Protection Chemicals Pesticides Demand Share Forecast, 2019-2026
7. Latin America Crop Protection Chemicals Pesticides Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Crop Protection Chemicals Pesticides Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Crop Protection Chemicals Pesticides Demand Share Forecast, 2019-2026
8. Europe Crop Protection Chemicals Pesticides Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Crop Protection Chemicals Pesticides Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Crop Protection Chemicals Pesticides Demand Share Forecast, 2019-2026
9. Asia Pacific Crop Protection Chemicals Pesticides Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Crop Protection Chemicals Pesticides Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Crop Protection Chemicals Pesticides Demand Share Forecast, 2019-2026
10. Middle East & Africa Crop Protection Chemicals Pesticides Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Crop Protection Chemicals Pesticides Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Crop Protection Chemicals Pesticides Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Crop Protection Chemicals Pesticides Market: Market Share Analysis
  11.2. Crop Protection Chemicals Pesticides Distributors and Customers
  11.3. Crop Protection Chemicals Pesticides Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Adama Thailand Co., Ltd.
     11.4.2. AG-AGRO (Thailand) Co. Ltd.
     11.4.3. Arysta Lifescience (Thailand) Co. Ltd.
     11.4.4. Basf (Thai) Company Limited
     11.4.5. Bayer Thai Co. Ltd.
     11.4.6. Corteva Agrisi

Segments Covered in the Report
The crop protection chemicals pesticides market has been segmented on the basis of
Origins

  • Synthetic
  • Bio-Based

Products

  • Fungicides
  • Herbicides
  • Insecticides
  • Other Crop Protection Chemicals

Applications

  • Oilseeds and Pulses
  • Grains and Cereals
  • Turf and Ornamentals
  • Fruits and Vegetables
  • Other Crop Types

Key Players

  • Adama Thailand Co., Ltd.
  • AG-AGRO (Thailand) Co. Ltd.
  • Arysta Lifescience (Thailand) Co. Ltd.
  • Basf (Thai) Company Limited
  • Bayer Thai Co. Ltd.
  • Corteva Agrisicence
  • Sahaikaset Agrochemicals Co. Ltd.
  • Sotus International Co, Ltd.
  • Sumitomo Chemical Thailand
  • Syngenta Co., Ltd.

 

Key players competing in the crop protection chemicals pesticides market include Adama Thailand Co., Ltd.; AG-AGRO (Thailand) Co. Ltd.; Arysta Lifescience (Thailand) Co. Ltd.; Basf (Thai) Company Limited; Bayer Thai Co. Ltd.; Corteva Agrisicence; Sahaikaset Agrochemicals Co. Ltd.; Sotus International Co, Ltd.; Sumitomo Chemical Thailand; and Syngenta Co., Ltd. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.

Thailand Crop Protection Chemicals Pesticides Market keyplayers

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