Thailand Seed Sector Analysis - Growth, Trends, and Forecast (2020 - 2025)

The Thai seed market was valued at approximately USD 565 million in 2016 and is estimated to register a CAGR of around 4.5% during the forecast period. The favorable factors making Thailand an attractive hub for seed production are good climate, which ensures seed production all year, skilled farmers, and excellent connectivity. The demand for vegetables is driven by regional markets and farmer preferences, requiring specific fruit types, plant habit and disease resistances meeting local conditions is driving the seed market.

The Thai Seed Trade Association (THASTA), established in 2002, and the Seed Association of Thailand (SAT) play significant roles in the Thai seed industry. In 2017, a partnership was established between East-West Seed Company and the Thai government to invest in R&D activities for the development of new varieties of quality seeds and cultivars for producing quality output.

Key Market Trends

Attractive Hub for Seed Production

The favorable factors making Thailand an attractive hub for seed production are good climate, which ensures seed production all year, skilled farmers, and excellent connectivity. The seed sector in Thailand has also been very innovative in the development and commercialization of innovative varieties into the market, many of which are now also found in neighboring countries.

Thailand seed sector envisages to produce good quality of rice, leguminous crops, and forage crop seeds, to meet the global demand and to increase its export value through the export of Thai developed varieties. Thailand is the second biggest exporter and it exports its vegetable seeds to India, Vietnam, and China. Outside Asia, the main importers of Thai vegetable seeds are the United States. The majority of Thai corn seed is exported to Vietnam, followed by Myanmar, Pakistan, Indonesia and Sri Lanka.

Emerging Vegetable Seed Market

The Thai seed vegetable market is dominated by the use of high quality, high yielding hybrids, the development of which required the use of modern breeding techniques, seed enhancements, and supporting technologies. The drive to develop the quality seed of high-quality hybrids has been driven by demand and competition. Demand for vegetables is driven by regional markets and farmer preferences, requiring specific fruit types, plant habit and disease resistances meeting local conditions.

Thailand is also a leader in the conversion of OP varieties to hybrids in the market, a factor which is often used in assessing the standard or performance of the sector in a country or region. Overall, the quality and diversity of vegetable and maize varieties available in the market in Thailand is one of the highest in the Asian region.

Competitive Landscape

While only a small number of seed companies in Thailand conduct their own R&D, their investments have driven competition in the market, for higher-quality varieties. Some of the key leading companies are East-West Seed (Thailand) Co. Ltd, Monsanto Thailand Ltd, Chia Tai Co. Ltd, Syngenta Thailand, Pacific Seeds (Thai) Ltd, and Pioneer Hi-Bred (Thailand) Co. Ltd.

Reasons to Purchase this report:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support