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Thailand Seed Market Outlook to 2018 - Government Support and Technological Advancement to Escalate Productivity

Blog post   •   Mar 30, 2015 15:21 IST

  • The seed industry in Thailand is expected to grow at a CAGR of 7.3% for the period 2014-2018
  • Future Growth of Thailand seed market is expected to be led by rising exports and government support to the farmers along with rising seed replacement rate and hybridization

Ken Research announced its latest publication on “Thailand Seed Market Outlook to 2018 - Government Support and Technological Advancement to Escalate Productivity” which provides a comprehensive analysis of the seed industry in Thailand. The report covers various aspects such as market size of Thailand seed market, segmentation on the basis of seed types, vegetable and non vegetable seeds and by domestic and import sectors. The report also focuses on hybrid seed growth trend including rice hybrid seeds, maize hybrid seeds and vegetable hybrid seeds. This report will help industry consultants, seed developing startup companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Thailand agricultural sector has played a major role in the economic development of the country. The agricultural sector of Thailand is mainly led by small scale producers of agricultural products, which accounts for nearly one third of the 70 million population of Thailand as of 2013. The exports of agricultural products accounted for one fourth of the total exports value in the country in 2013. The total land area of Thailand is estimated to be 51.4 million hectares as recorded in 2013, out of which 41% is engaged in agricultural activities. The revenue generated by the Thailand seed industry was valued at THB ~ million in 2013 which surged from THB ~ million in 2006. The future trend of Thailand seed industry is expected to be favorable as well on account of impelling demand due to increased subsidies and increasing government efforts to promote the use of high yielding varieties and increasing investments for research and development of new varieties of crops. These factors are expected to lead the market towards increased productivity.

Thailand is one of the largest exporters of seeds in the world. It is regarded as the one of leading exporter of corn seeds in the world. Some of the major seeds exported by Thailand are corn, millet and other vegetable seeds such as potato, onion, tomato and others. Corn seeds exported from Thailand have been showcasing decent growth over the last few years. The export market has been growing at a CAGR of 13.4% over the period 2008-2013.

According to the research report, the seed market in Thailand will grow at a considerable CAGR rate thus exceeding THB ~ million by 2018 due to the increasing FDI in agriculture, technological improvement resulting growth in hybrid seed production and increase in allocation of land for agricultural purposes by the government.

“The increasing research and development activities, favorable climate and the use of modern technologies will result in the better production of quality seeds. Increasing genetic diversity of seeds and improvement in infrastructure and supply chain will drive the market in the forthcoming years”-According to the Research Associate, Ken Research.

Key Topics Covered in Thailand Seed Industry Report:

Thailand Seed Industry

  • -Market Size by Revenue and Volume sold
  • -Market Segmentation by
  • oTypes of Crops
  • oVegetable and Non Vegetable Seeds
  • oDomestic and Import Sector
  • oHybrid Seed Developments
  • -Rice Seed Industry
  • oMarket Size
  • oMarket Segmentation
  • §Types of Rice Seeds Demanded
  • §Market Structure Type
  • §By Certification of Seeds
  • §Hybrid Rice Seed
  • -Corn Seed Industry
  • oMarket Size
  • oMarket Segmentation
  • §Types of Maize Seeds
  • §Hybrid Maize Seed
  • -Vegetable Seed Industry
  • oMarket Size
  • oMarket Segmentation
  • oHybrid Vegetable Seed
  • -Export and Import of Seeds by Destinations
  • -Trends and Development
  • -SWOT
  • -Major Challenges
  • -Competitive Landscape
  • -Future Outlook
  • -Macro Economic Parameters

Key Products Mentioned in the Report

  • -Rice
  • -Maize/ Corn
  • -Vegetables

Companies Covered in the Report

  • -International Players
  • oDuPont
  • oMonsanto
  • oEast West Seeds
  • oSyngenta
  • oBayer
  • oPacific Seeds
  • oCharoen Pokphand (CP) Seeds
  • - Domestic Players
  • oLion Seeds
  • oAdams Enterprise Seeds Limited
  • oSiam Hi Tech Seeds

Related Reports:

Ukraine Seed Market Outlook to 2018 - Compelling Opportunities for Foreign Producers

Russia Seed Industry Outlook to 2018 - Cost-Effective Non-Hybrid Seeds to Drive Market Growth

Source: https://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/thailand-seed-industry-market-research-report/610-104.html

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Ken Research

Ankur Gupta, Head Marketing & Communications

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