Thailand Agricultural Chemicals Market Share, Trends, Revenue, Scope, Growth Drivers, Opportunities, Challenges and Future Competition Till 2033


Thailand Agricultural Chemicals Market Share, Trends, Revenue, Scope, Growth Drivers, Opportunities, Challenges and Future Competition Till 2033: SPER Market Research

 Category : Agriculture

 Published: Aug-2023
 Author: SPER Analyst

Thailand Crop Protection Chemicals Market is projected to be worth USD 1.49 billion by 2033 and is anticipated to surge at a CAGR of 5.52%.

Crop protection chemicals, also referred to as agrochemicals, are agricultural substances utilized to prevent crop damage and manage plant diseases. They are categorized into fungicides, herbicides, and insecticides. These chemicals play a crucial role in monitoring and controlling the impact of pests and diseases that can consume, infect, or harm crops. Beyond protection, they assist farmers in enhancing overall crop yield, managing productivity, and ensuring food security. Consequently, crop protection chemicals are applied across various types of crops, including cereals, fruits, vegetables, oilseeds, and pulses.

Thailand Crop Protection Chemicals Market Driving Factors and Challenges

The growth of Thailand's agriculture sector, driven by population expansion and subsequent food demand, remains a key driver for the crop protection chemicals market. Changing climate patterns escalate plant pest and disease occurrences, intensifying the reliance on crop protection chemicals for effective prevention. Urbanization and scarce arable land further propel demand for these chemicals, aiming to enhance per-acre agricultural yield. The Ministry of Agriculture and Cooperatives' introduction of awareness programs educating farmers on chemical usage to amplify crop yield and curtail the conversion of natural areas positively influences market growth. Furthermore, robust research and development efforts to introduce innovative, highly selective crop protection chemicals that minimize non-target organism impact are bolstering the regional market. The rising popularity of bio-based crop protection chemicals, addressing environmental concerns associated with synthetic alternatives, will sustain market expansion. These factors collectively shape the trajectory of Thailand's crop protection chemicals market, ensuring continued growth in the upcoming years.

But there are obstacles in this environment. A significant problem is finding a balance between increased productivity and environmental sustainability, which encourages the creation and use of environmentally friendly and biologically based solutions. Manufacturers and importers may find it difficult to comply with strict safety regulations, which necessitate ongoing watchfulness to ensure appropriate use and adherence. The market for traditional crop protection chemicals is becoming more competitive due to the emergence of alternative farming methods like organic farming and consumer preferences for produce grown without pesticides. Market diversification necessitates ongoing product innovation and customisation to address the diverse variety of crops and their particular problems. Being ahead of the curve requires continuing research and development as pests and illnesses continue to develop resistance to certain drugs. 

Impact of COVID-19 on Thailand Crop Protection Chemicals Market
Thailand's market for crop protection chemicals was severely disrupted by the COVID-19 outbreak. The distribution of goods was hampered by supply chain disruptions, labour shortages, and logistical issues, which had an impact on agricultural activities. An additional burden was caused by fluctuating demand as a result of market unpredictability and farmers' lower purchasing power. Despite these difficulties, the market was somewhat supported by agriculture because of its necessity. Remote advice services and digitalization have become more popular. The crisis brought to light the critical role the sector plays in ensuring food security while also underlining the need for resilient supply chains and creative strategies to guarantee consistent access to crop protection products.

Thailand Crop Protection Chemicals Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ADAMA Agriculture Solutions, AG-AGRO Co. Ltd, Arysta Lifescience Co. Ltd, BASF SE, Bayer Crop Science AG, Corteva Agrisicence, Sahaikaset Agrochemicals Co. Ltd, Sotus International Co. Ltd, Sumitomo Corporation, Syngenta International AG, Others.

Thailand Crop Protection Chemicals Market Segmentation:

By Product Type: Based on the Product Type, Thailand Crop Protection Chemicals Market is segmented as; Fungicides, Herbicides, Insecticides, Others.

By Origin: Based on the Origin, Thailand Crop Protection Chemicals Market is segmented as; Natural, Synthetic.

By Crop Type: Based on the Crop Type, Thailand Crop Protection Chemicals Market is segmented as; Cereal and Grains, Fruits and Vegetables, Oilseed and Pulses, Others.

By Form: Based on the Form, Thailand Crop Protection Chemicals Market is segmented as; Gas, Liquid.

By Application: Based on the Application, Thailand Crop Protection Chemicals Market is segmented as; Foliar Spray, Seed Treatment, Soil Treatment, Others.

By Region: This report also provides the data for key regional segments of Central Thailand, Eastern Thailand, Northern Thailand, Southern Thailand, Western Thailand.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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