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Thailand Crop Protection Chemicals Market - Growth, Trends, and Forecasts (2019 - 2024)

  • ID: 4828349
  • Report
  • May 2019
  • Region: Thailand
  • 91 pages
  • Mordor Intelligence
until Jun 30th 2020
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  • Adama Thailand Co., Ltd.
  • Bayer Thai Co. Ltd.
  • Corteva Agrisicence
  • Syngenta Co., Ltd.
  • MORE
Market Overview

The Thailand crop protection chemicals market was valued at USD 0.71 billion in the year 2018 and is projected to reach USD 0.85 billion by 2024, at a CAGR of 4.4% in the forecast period. The rapid increase of pesticide use in Thailand may be accounted for an increase in cash crops. Most pesticide-intensive crops, vegetables, and fruits, in Thailand, are the highest cash value-added crops. As farmers have gradually switched from low value-added to high value-added crop production, the overall consumption rate of pesticides has naturally increased. Knoell Thailand provides the registration services for pesticides in Thailand. The Office of Agricultural Economics (OAE) and the Office of Agriculture Regulations (OAR) has shown that the usage of pesticides has increased a lot in recent years. Thailand utilization of pesticides by Thailand farmers has increased from 2 kilograms per hectare to 7 kilograms per hectare. Favorable tax policy of the Thai government, toward the growing market of agrochemical import, promotion of sustainable and integrated pest management techniques, and increased intensity of land use, are the major drivers for the market.

Scope of the Report

Plant protection may be defined as the measures taken to protect cultivated plants against diseases, pests, as well as weed and grasses. Mainly four kinds of pesticides have been considered in the report, which includes insecticides, herbicides, fungicides, and others. In addition, the report takes account of both synthetic pesticides and bio-pesticides for analysis. The report presents a wide-ranging analysis of market share, size, and volume of the crop protection chemicals market in Thailand.

Key Market Trends

Increase in cash crops with higher application rate

Thailand’s most pesticide-intensive crops, vegetables, and fruits are also its highest cash value-added crops. Thailand is the world's largest producer and exporter of natural rubber, accounting for roughly one-third of the world's production. As farmers have gradually switched from low value added to high value added crop production, the overall consumption of pesticides has naturally increased. In order to raise yield, farmers have intensified pesticide use in the production of all crops. This is reflected in the increasing share of pesticide costs in total production costs. More cash crops, reduction in pesticides price, lack of knowledge about correct use among farmers and the Government promotion of pesticide use all are factors that relate to this rapid rise in pesticide use in Thailand.

Crop-based Products dominate the Crop Protection Chemicals Market

The pesticide market in Thailand can be segmented based on application into two distinct types, which are, crop-based application and non-crop based application, with the crop-based application having a major part of the market share. For the herbicide market, plantation crops and the rice sector are of great importance. Similarly, for the insecticide market, the most important crops are rice and other horticulture products, while for the fungicide market, the horticultural sector is the most important. The research was undertaken by Biodiversity Sustainable Agriculture Food Sovereignty Action Thailand (Biothai) found that the highest levels of pesticide residues were present in the case of fruits and vegetables. Also, around 62% of such fruits and vegetables included more than one pesticide as residue. In Thailand, the amount of pesticide applied per hectare have increased from 7kg/ha in 2009 to 8.4kg/ha in the year 2012. However, the pesticide use intensity of Thailand is still lower than that of Vietnam, though it is higher than that of Laos and Cambodia. The application of pesticides in case of fruits and vegetables has been the highest over the past several years and this trend is likely to continue in the future.

Competitive Landscape

Companies in the Thailand crop protection chemicals market are mainly focused on developing new, qualitative products, and developing new technologies to improve product quality. New product launches, partnerships, and mergers and acquisitions are the main strategies followed by the major players in the Chilean crop protection chemicals market Top companies supplying biopesticides in Thailand are ADAMA, DowDuPont, BASF, and Syngenta. The widely produced local biopesticide in Thailand is Trichoderma harzianum. The top three major global pesticide player present in Thailand are DowDuPont, BASF, and Bayer Thai Co., Ltd. The Thailand pesticide market is also dominated by local traders. Sotus International Co., LTD. is one of the top distributors of pesticides in Thailand.
Note: Product cover images may vary from those shown
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  • Adama Thailand Co., Ltd.
  • Bayer Thai Co. Ltd.
  • Corteva Agrisicence
  • Syngenta Co., Ltd.
  • MORE
1.1 Study Assumptions
1.2 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Degree of Competition

5.1 Origin
5.1.1 Synthetic Crop Protection Chemicals
5.1.2 Bio-based Crop Protection Chemicals
5.2 Product Group
5.2.1 Herbicides
5.2.2 Insecticides
5.2.3 Fungicides
5.2.4 Other Product Groups
5.3 Application
5.3.1 Grains and Cereals
5.3.2 Oilseeds and Pulses
5.3.3 Fruits and Vegetables
5.3.4 Turf and Ornamental Grass
5.3.5 Other Applications

6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bayer Thai Co. Ltd.
6.3.2 Basf (Thai) Company Limited
6.3.3 Corteva Agrisicence
6.3.4 Adama Thailand Co., Ltd.
6.3.5 Syngenta Co., Ltd.
6.3.6 Arysta Lifescience (Thailand) Co. Ltd.
6.3.7 Sumitomo Chemical Thailand
6.3.8 Sahaikaset Agrochemicals Co. Ltd.
6.3.9 AG-AGRO (Thailand) Co. Ltd.
6.3.10 Sotus International Co,Ltd.

Note: Product cover images may vary from those shown
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4 of 4
  • Bayer Thai Co. Ltd.
  • Basf (Thai) Company Limited
  • Corteva Agrisicence
  • Adama Thailand Co., Ltd.
  • Syngenta Co., Ltd.
  • Arysta Lifescience (Thailand) Co. Ltd.
  • Sumitomo Chemical Thailand
  • Sahaikaset Agrochemicals Co. Ltd.
  • AG-AGRO (Thailand) Co. Ltd.
  • Sotus International Co,Ltd.
Note: Product cover images may vary from those shown