Thailand Fertilizer Market is expected to reach US$ 1.73 billion by 2033 from US$ 1.07 billion in 2024, with a CAGR of 5.50% from 2025 to 2033. Growths in agricultural demand, government subsidies, increasing consumption of food, the employment of improved farming practices, export-oriented crops, and farmers' increasing knowledge of soil health, productivity, and the benefits of balanced fertilizer application all contribute to driving Thailand's fertilizer market's growth.
Thailand Fertilizer Market Report by Category (Organic, Inorganic), Product Type (Nitrogen Fertilizers ((Ammonia (N), Ammonium Nitrate (N), Ammonium Phosphate (N), Ammonium Sulphate (N), Calcium Ammonium Nitrate (N), Potassium Nitrate (N), Urea (N), Urea Ammonium Nitrate (N), NK (N), NPK (N), NP (N), Others)), Phosphate Fertilizers, Potash Fertilizers), Microorganism (Azospirillum, Cyanobacteria, Phospate-Solublizing Bacteria, Azolla, Aulosira, Rhizobium, Azotobacter, Other), Organic Residues (Farm Yard Manure, Crop Residue, Green Manure, Other Products), Application (Agriculture, Horticulture, Gardening, Others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), Form (Dry, Liquid) and Company Analysis 2025-2033.
Increased agricultural needs, technology advancements, and favorable government policies are also the contributing factors for the growth of Thailand's fertilizer market. Farmers are being motivated towards the use of fertilizers for increased yields by initiatives from the government, like subsidies and favorable support for sustainable agricultural practices. The demand for specialized fertilizers that are appropriate to specific crop and soil conditions is boosted by the development of precision agriculture and other advanced practices. Fertilizer application is additionally facilitated by increasing knowledge of balanced fertilizer nutrition management and soil health. Increasing productivity per hectare is also necessary in Thailand because of increasing population and finite levels of arable land. Market expansion is also highly supported by the country's strong agricultural export sector and the revolution in agriculture through technology.
Thailand Fertilizer Market Report by Category (Organic, Inorganic), Product Type (Nitrogen Fertilizers ((Ammonia (N), Ammonium Nitrate (N), Ammonium Phosphate (N), Ammonium Sulphate (N), Calcium Ammonium Nitrate (N), Potassium Nitrate (N), Urea (N), Urea Ammonium Nitrate (N), NK (N), NPK (N), NP (N), Others)), Phosphate Fertilizers, Potash Fertilizers), Microorganism (Azospirillum, Cyanobacteria, Phospate-Solublizing Bacteria, Azolla, Aulosira, Rhizobium, Azotobacter, Other), Organic Residues (Farm Yard Manure, Crop Residue, Green Manure, Other Products), Application (Agriculture, Horticulture, Gardening, Others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), Form (Dry, Liquid) and Company Analysis 2025-2033.
Thailand Fertilizer Industry Overview
Fertilizers are chemicals applied to plants or soil to deliver essential nutrients that ensure healthy growth and increase crop yields. They may be artificial (inorganic), prepared by chemical processes, or organic, such as manure and compost. Besides secondary and micronutrients, fertilizers typically contain basic nutrients like nitrogen (N), phosphorous (P), and potassium (K), or NPK. Fertilizers stimulate plant growth, increase food production, and ensure sustainable agriculture through the replenishment of soil fertility. Agricultural success over the long term, nevertheless, is contingent on judicious and balanced use since overload or misapplication may lead to environmental issues like soil degradation and water pollution.Increased agricultural needs, technology advancements, and favorable government policies are also the contributing factors for the growth of Thailand's fertilizer market. Farmers are being motivated towards the use of fertilizers for increased yields by initiatives from the government, like subsidies and favorable support for sustainable agricultural practices. The demand for specialized fertilizers that are appropriate to specific crop and soil conditions is boosted by the development of precision agriculture and other advanced practices. Fertilizer application is additionally facilitated by increasing knowledge of balanced fertilizer nutrition management and soil health. Increasing productivity per hectare is also necessary in Thailand because of increasing population and finite levels of arable land. Market expansion is also highly supported by the country's strong agricultural export sector and the revolution in agriculture through technology.
Growth Drivers for the Thailand Fertilizer Market
Technological Advancements
The fertilizer industry of Thailand is hugely driven by technological advancements, which enhance agricultural efficiency and sustainability. Variable-rate application and GPS-guided equipment are two precision farming technologies that enable customized use of fertilizers, enhancing nutrient delivery and reducing wastage. Artificial intelligence (AI) integration assists in precise pest management and fertilizer application through real-time monitoring and predictive analysis. In addition, the deployment of automated systems and drones makes fertilizer distribution easier, improving coverage, while reducing labor costs. These trends advance sustainable farming practices and assist the fertilizer industry in its expansion in alignment with Thailand's Bio-Circular-Green (BCG) economic model.Increasing Awareness about Soil Health
Among the most influential factors driving the growth of the fertilizer industry in Thailand is increasing concern over soil health. In a bid to enhance soil fertility and reduce their use of chemical inputs, farmers are adopting sustainable practices such as crop rotation, conservation tillage, and organic fertilization. Initiatives such as Thailand's Volunteer Soil Doctors Program supported by the Land Development Department aim to educate farmers on organic farming practices and soil conservation. The country's Bio-Circular-Green (BCG) Economy Model, supportive of sustainable agriculture, aligns with this shift toward cleaner approaches. Consequently, there has been increased demand for bio-based and organic fertilizers, which is facilitating market expansion. These developments indicate the rising awareness that soil health plays a vital role in both environmental sustainability and farm production.Government Support
Thailand's fertilizer industry is expanding thanks in great measure to government support, which is designed to boost farm output and ensure farmer affordability. The government of Thailand introduced a co-payment scheme in June 2024 for over 4 million individuals that cultivate rice with fertilizer cost. The scheme makes financing assistance readily accessible by applying the Bank for Agriculture and Agricultural Cooperatives mobile app. Fertilizer suppliers will be requested to collaborate to harmonize prices to help stabilize the market and assuage long-standing concerns regarding price fluctuations. In addition, infrastructural upgrades, soft loans, and government subsidies encourage fertilizer use and sustainable agriculture. The initiatives advance farmers' livelihoods, encourage market growth, and enhance environmentally friendly farming in accordance with Thailand's wider Bio-Circular-Green (BCG) Economy Model.Challenges in the Thailand Fertilizer Market
Price Volatility
Thailand's fertilizer market is severely impacted by volatility, mainly because of its high reliance on imported raw materials. Fertilizer prices are directly impacted by global variables such energy price surges, currency volatility, and geopolitical conflicts. For example, the Russia-Ukraine conflict has caused supply chain instability and higher pricing. Farmers' budgets are strained by these erratic price fluctuations, which lower fertilizer affordability and consumption, particularly for smallholders. Long-term planning and agricultural investment are similarly impacted by this unpredictability. Policy measures including strategic reserves, diversified sourcing, and support programs are necessary to address this problem in order to stabilize prices and safeguard the farming community.Climate Variability
Thailand's fertilizer business faces significant challenges due to climate fluctuation, which impacts both supply and demand. Droughts, floods, and erratic rainfall caused by El Niño and other irregular weather patterns interrupt agricultural cycles and decrease the effectiveness of fertilizer application. Farmers may be reluctant to purchase fertilizers as a result of these circumstances since they may cause nutrient runoff, reduced soil fertility, and decreased crop yields. Extreme weather conditions can also cause distribution delays and infrastructural damage. Demand consequently becomes erratic, which affects the stability of the market. Adaptive farming methods, climate-resilient infrastructure, and weather-informed fertilizer programs are crucial for maintaining agricultural productivity in order to reduce these hazards.Recent Developments in Thailand Fertilizer Industry
- August 2024: In Thailand, Sojitz Corporation has formed Sojitz Kaset Dee X Co., Ltd. (KDX) as a subsidiary of its agricultural platform. In the fall of 2024, Sojitz intends to start offering and selling farming services to cassava farmers through KDX, its entry into the agricultural platform industry. By developing KDX's farming services, Sojitz hopes to improve farming sustainability and efficiency, which will ultimately increase farmer wealth.
Thailand Fertilizer Market Segments:
Category
- Organic
- Inorganic
Mode of Application
- Nitrogen Fertilizers
- Ammonia (N)
- Ammonium Nitrate (N)
- Ammonium Phosphate (N)
- Ammonium Sulphate (N)
- Calcium Ammonium Nitrate (N)
- Potassium Nitrate (N)
- Urea (N)
- Urea Ammonium Nitrate (N)
- NK (N)
- NPK (N)
- NP (N)
- Others
- Phosphate Fertilizers
- Potash Fertilizers
Microorganism
- Azospirillum
- Cyanobacteria
- Phospate-Solublizing Bacteria
- Azolla
- Aulosira
- Rhizobium
- Azotobacter
- Other
Organic Residues
- Farm Yard Manure
- Crop Residue
- Green Manure
- Other Products
Application
- Agriculture
- Horticulture
- Gardening
- Others
Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Form
- Dry
- Liquid
All companies have been covered from 4 viewpoints:
- Company Overview
- Key Persons
- Recent Development & Strategies
- Sales Analysis
Key Players Analysis
- Yara International ASA
- NFC Public Company Limited
- Chai Thai Co. Ltd
- Thai Central Chemical Public Company Limited
- Haifa Group
- SAKSIAM GROUP
- ICL Group Ltd
- Rayong Fertilizer Trading Company Limited (UBE Group)
- Grupa Azoty S.A. (Compo Expert)
Table of Contents
1. Introduction3. Executive Summary
2. Research & Methodology
4. Market Dynamics
5. Thailand Fertilizers Market
6. Market Share Analysis
7. Category
8. Product Type
9. Application
10. Crop Type
11. Form
12. Porter’s Five Forces Analysis
13. SWOT Analysis
14. Key Players Analysis
Companies Mentioned
- Yara International ASA
- NFC Public Company Limited
- Chai Thai Co. Ltd
- Thai Central Chemical Public Company Limited
- Haifa Group
- SAKSIAM GROUP
- ICL Group Ltd
- Rayong Fertilizer Trading Company Limited (UBE Group)
- Grupa Azoty S.A. (Compo Expert)
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | June 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 1.07 Billion |
| Forecasted Market Value ( USD | $ 1.73 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Thailand |
| No. of Companies Mentioned | 9 |
