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[ 英語タイトル ] Thailand Crop Protection Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)


Product Code : MDAG00112120
Survey : Mordor Intelligence
Publish On : May, 2021
Category : Agriculture and Allied Activities
Report format : PDF
Sales price option (consumption tax not included)
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5 User USD3750 / Question Form
Enterprise User USD6500 / Question Form
Thailand

[Report Description]

The Thailand crop protection chemicals market is projected to register a CAGR of 4.4% during the forecast period (2021-2026).

The impact of the COVID-19 pandemic on the crop protection chemicals market in Thailand has been minimal, mainly due to reduced transportation barriers. The impact of lockdowns or disruptions has been exempted by the government for all types of agricultural activities, hence there has been no such effect of corona outbreak. Indeed, the agrochemical companies have made double-digit profits as compared to last year, due to panic buying behavior from farmers.

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 registration services for pesticides in Thailand. The Office of Agricultural Economics (OAE) and the Office of Agriculture Regulations (OAR) have shown that the usage of pesticides has increased significantly in recent years. The utilization of pesticides by Thai farmers has increased from 21,800.0 tonnes in 2014 to 35,287.0 tonnes in 2018. The favorable tax policy of the Thai government towards 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.

Key Market Trends

Increase in Cash Crops with Higher Application Rate

The most pesticide-intensive crops in Thailand, viz., vegetables and fruits, are also the 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 the prices of pesticides, awareness about increasing crop yield by mitigating risks posed by pests and diseases, and the promotion of pesticide use by the government, all some of the factors that relate to this rapid rise in pesticide application in Thailand.

Fruits and Vegetables Segment Dominates the Market

For the herbicide market, plantation crops and the rice sector are of great importance in Thailand. 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. A research study 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 62.0% of such fruits and vegetables included more than one pesticide as residue. 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 the 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

Thailand crop protection chemicals market is consolidated with few major players. Top companies supplying biopesticides in Thailand are ADAMA, DowDuPont, BASF, and Syngenta. The top three major global pesticide players present in Thailand are DowDuPont, BASF, and Bayer Thai Co., Ltd. The Thailand pesticide market is also dominated by local traders. Companies in Thailand Crop Protection Chemicals market are mainly focusing 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 market.

Reasons to Purchase this report:

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

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
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 MARKET SEGMENTATION
5.1 Origin
5.1.1 Synthetic
5.1.2 Bio-based
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 COMPETITIVE LANDSCAPE
6.1 Most Adopted 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.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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