Thailand Crop Protection Chemicals Market | Size, Growth, Trends and Analysis 2022-2027

The latest research study "Thailand Crop Protection Chemicals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the Thailand crop protection chemicals market is expected to exhibit a CAGR of around 4% during 2022-2027.

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Industry Definition and Application:

Crop protection chemicals are specialized formulations that aid in minimizing and managing plant diseases, weeds, and other pests that tend to damage agricultural crops. They can be categorized into herbicides, fungicides, insecticides, etc. These crop protection chemicals prove highly effective in enhancing and maintaining year over-year-yield of cereal, grains, fruits, vegetables, oilseed, pulses, etc. Consequently, they are extensively utilized in the agriculture sector in Thailand.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major drivers for the Thailand crop protection chemicals market?

The shifting preferences among farmers from low value-added toward high value-added crop production are primarily driving the Thailand crop protection chemicals market. Besides this, the elevating employment of commercial cultivation processes for durian, owing to its high demand and the restricted harvest season for the plant, is also positively influencing the market across the country. Moreover, the increasing volume of imported pesticides, on account of heightened applications, and the launch of numerous government initiatives to promote the usage of organic and inorganic pest killing chemicals aimed at improving crop production, are acting as significant growth-inducing factors.

Apart from this, the emerging trend of using herbicides to reduce soil erosion and control weeds in no-till crop production and the escalating requirement for high-quality forage for livestock are further augmenting the market across Thailand. In addition to this, the growing utilization of insecticides to protect livestock, the introduction of favorable tax policies related to agrochemical imports, the expanding cash crop production, and the inflating investments by key players in innovative marketing strategies to expand their market reach are expected to propel the Thailand crop protection chemicals market in the coming years.

Key Market Segmentation:

The report has segmented the market on the basis of product type, origin, crop type, form and application.

Breakup by Product Type:
• Herbicides
• Fungicides
• Insecticides
• Others

Breakup by Origin:
• Synthetic
• Natural

Breakup by Crop Type:
• Cereal and Grains
• Fruits and Vegetables
• Oilseed and Pulses
• Others

Breakup by Form:
• Liquid
• Gas

Breakup by Application:
• Foliar Spray
• Seed Treatment
• Soil Treatment
• Others

List of Major Key Players:
• Adama (Thailand) Co. Ltd.
• Ag-gro (Thailand) Co. Ltd.
• Arysta LifeScience (Thailand) Co.Ltd.
• BASF SE
• Bayer Thai Co. Ltd.
• Corteva Agriscience
• SGS Thailand Limited (SGS SA)
• Sotus International Co. Ltd.
• Sumitomo Chemical Asia Pte Ltd.
• Syngenta Crop Protection.

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This release was published on openPR.