Thailand Agrochemical and Pesticide Market

Thailand Agrochemical and Pesticide Market, By Type (Fertilizers, Pesticides); By Pesticide Type (Insecticides, Herbicides, Fungicides, Nematicides); By Fertilizers Type (Nitrogenous Fertilizers, Phosphatic Fertilizers, Potassic Fertilizers); By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Thailand Agrochemical and Pesticide Market Size Set to Cross USD 1 Billion by 2029

Thailand agrochemical and pesticide market is flourishing due to an increasing demand for food, rising awareness about crop protection, adoption of modern farming techniques, and government initiatives to enhance agricultural productivity and ensure food security.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Thailand agrochemical and pesticide market size at USD 869.21 million in 2022. During the forecast period between 2023 and 2029, Thailand agrochemical and pesticide market size is expected to grow at a CAGR of 5.12% reaching a value of USD 1,023.16 million by 2029. The rising adoption of biopesticides and organic agricultural practices is a major element driving the expansion of Thailand's agrochemical and pesticide business. This transition is being driven by growing concerns about environmental sustainability and customer demand for pesticide-free vegetables. Another trend is the increased emphasis on integrated pest management (IPM) strategies, which advocate a balanced approach to pest control through the use of cultural, biological, and chemical treatments. There has been an increased emphasis on the research and development of novel pesticide formulations and technologies to improve effectiveness while minimizing environmental impact. Further, government rules and programs supporting sustainable agriculture practices significantly impact the market's trajectory.

Thailand Agrochemical and Pesticide Market – Overview


Pesticides and agrochemicals are tools used in agriculture to boost crop yields and safeguard plants from weeds, illnesses, and pests. They are essential to modern farming methods because they boost agricultural productivity and guarantee food security. Among other things, agrochemicals include fertilizers, herbicides, insecticides, and fungicides. They are made to maintain soil fertility, prevent pest infestations, and encourage plant development. However, the usage of agrochemicals has sparked worries about their potential negative effects on the environment and health. As a result, there is an increasing focus on creating eco-friendly and sustainable alternatives in agriculture to reduce the use of synthetic chemicals and encourage more ecologically friendly farming practices.

Impact of COVID-19 on Thailand Agrochemical and Pesticide Market

The COVID-19 pandemic significantly impacted the Thailand agrochemical and pesticide market, leading to disruptions and challenges across the industry. The country's lockdown measures and travel restrictions disrupted the supply chain, hindering the availability of raw materials and affecting production. Farmers’ purchasing power and consumer demand were also affected due to economic uncertainties and reduced export opportunities. Logistical challenges and labor shortages added to the difficulties faced by the market. While the sector demonstrated resilience by adapting to new safety protocols and implementing digital solutions, the pandemic has underscored the need for increased resilience and innovation to navigate future uncertainties in the agrochemical and pesticide industry.

Thailand Agrochemical and Pesticide Market – By Crop Type

Based on crop type, Thailand agrochemical and pesticide market is divided into Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables segments. The fruits & vegetables segment is the largest segment in the Thailand agrochemical and pesticide market. The segment encompasses a wide range of crops, including various types of fruits and vegetables grown in Thailand. The demand for agrochemicals and pesticides is high in this segment due to the extensive cultivation of these crops throughout the country. Farmers rely on these products to protect their fruit and vegetable crops from pests, diseases, and weeds, ensuring optimal yields and quality. The fruits & vegetables segment plays a crucial role in the overall agrochemical and pesticide market in Thailand, contributing significantly to the industry's growth and revenue.

Competitive Landscape

Thailand agrochemical and pesticide market is significantly competitive. Major companies in the market include Bayer Crop Science AG, BASF SE, Corteva Agriscience AG, Archer-Daniels-Midland (ADM), FMC Corporation, Adama Agricultural Solutions, Potash Corporation of Saskatchewan, Nufarm Ltd, Nutrien Ltd, and Yara International ASA. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position Thailand agrochemical and pesticide market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Thailand Agrochemical and Pesticide Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Thailand Agrochemical and Pesticide Market and industry insights to help decision-makers make sound strategic decisions. The report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Thailand Agrochemical and Pesticide Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing Demand for Crop Protection and Chemicals to Increase Productivity of Crops
3.2.1.2. Expansion of Commercial Farming
3.2.2. Restraints
3.2.2.1. Increasing Resistance against Agrochemicals in Insect Species
3.2.3. Opportunities
3.2.3.1. Government Support and Regulations
3.2.4. Challenges
3.2.4.1. Rising Cost of Raw Materials
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Thailand Agrochemical and Pesticide Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Type
4.2.1.1. Fertilizers
4.2.1.2. Pesticides
4.2.2. By Pesticide Type
4.2.2.1. Insecticides
4.2.2.2. Herbicides
4.2.2.3. Fungicides
4.2.2.4. Nematicides
4.2.2.5. Others
4.2.3. By Fertilizers Type
4.2.3.1. Nitrogenous Fertilizers
4.2.3.2. Phosphatic Fertilizers
4.2.3.3. Potassic Fertilizers
4.2.4. By Crop Type
4.2.4.1. Cereals and Grains
4.2.4.2. Oilseeds & Pulses
4.2.4.3. Fruits & Vegetables
4.2.4.4. Others
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. Thailand Agrochemical and Pesticide Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Thailand Agrochemical and Pesticide Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. Bayer Crop Science AG
7.2. BASF SE
7.3. Corteva Agriscience AG
7.4. Archer-Daniels-Midland (ADM)
7.5. FMC Corporation
7.6. Adama Agricultural Solutions
7.7. Potash Corporation of Saskatchewan
7.8. Nufarm Ltd
7.9. Nutrien Ltd
7.10. Yara International ASA
7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Thailand Agrochemical and Pesticide Segmentation
Figure 2 Thailand Agrochemical and Pesticide Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Thailand Agrochemical and Pesticide Market Size, By Value (USD Million), 2019–2029
Figure 5 Thailand Agrochemical and Pesticide Market Share, By Type, By Value, 2019–2029
Figure 6 Thailand Agrochemical and Pesticide Market Share, By Pesticide Types, By Value, 2019–2029
Figure 7 Thailand Agrochemical and Pesticide Market Share, By Fertilizers Type, By Value, 2019–2029
Figure 8 Thailand Agrochemical and Pesticide Market Share, By Crop Type, By Value, 2019–2029
Figure 9 Thailand Agrochemical and Pesticide Market Share, By Industry Vertical, By Value, 2019–2029
List of Tables
Table 1 Thailand Agrochemical and Pesticide Market Size, By Value (USD Million), 2019–2029
Table 2 Thailand Agrochemical and Pesticide Market Size, By Type, By Value, 2019–2029
Table 3 Thailand Agrochemical and Pesticide Market Size, By Pesticide Types, By Value, 2019–2029
Table 4 Thailand Agrochemical and Pesticide Market Size, By Fertilizers Type, By Value, 2019–2029
Table 5 Thailand Agrochemical and Pesticide Market Size, By Crop Type, By Value, 2019–2029
Table 6 Thailand Agrochemical and Pesticide Market Size, By Industry Vertical, By Value, 2019–2029
Table 7 Bayer CropScience AG Company Overview
Table 8 Bayer CropScience AG Financial Overview
Table 9 BASF SE Company Overview
Table 10 BASF SE Financial Overview
Table 11 Corteva Agriscience AG Company Overview
Table 12 Corteva Agriscience AG Financial Overview
Table 13 Archer-Daniels-Midland (ADM) Company Overview
Table 14 Archer-Daniels-Midland (ADM) Financial Overview
Table 15 FMC Corporation Company Overview
Table 16 FMC Corporation Financial Overview
Table 17 Adama Agricultural Solutions Company Overview
Table 18 Adama Agricultural Solutions Financial Overview
Table 19 Potash Corporation of Saskatchewan Company Overview
Table 20 Potash Corporation of Saskatchewan Financial Overview
Table 21 Nufarm Ltd Company Overview
Table 22 Nufarm Ltd Financial Overview
Table 23 Nutrien Ltd Company Overview
Table 24 Nutrien Ltd Financial Overview
Table 25 Yara International ASA Company Overview
Table 26 Yara International ASA Financial Overview

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