Thailand Crop Protection Chemicals Market Share 2024, Revenue, Industry Share, Upcoming Trends, Growth Opportunities, Business Strategies and Forecast Analysis till 2033: SPER Market Research
An agricultural product often used to control plant diseases and prevent crop loss is referred to as a crop protection chemical, or agrochemical. Fungicides, herbicides, and insecticides are the broad categories into which they may be divided. Pests and diseases that could damage, consume, or infect crops are monitored and controlled with the help of crop protection agents. They help farmers manage crop productivity, increase food security, and increase overall yield, among other things. In order to protect various crop types, such as cereals and grains, fruits and vegetables, oil seeds and pulses, etc., crop protection chemicals are applied.
According to SPER Market Research, ‘Thailand Crop Protection Chemicals Market Size- By Product Type, By Origin, By Crop Type, By Form, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that Thailand Crop Protection Chemicals Market is estimated to reach USD 1.49 billion by 2033 with a CAGR of 5.52%.
The business is primarily driven by favourable tax policies implemented by the Thai which shield plants from damaging pests and weeds and so boost crop yield, are widely used in modern agriculture. For the rising population to have access to food, agricultural output has increased. Chemicals for crop protection are commonly used in contemporary agriculture as a practical and affordable way to increase crop output by shielding crops from damaging weeds and pests. Therefore, the increase in crop productivity contributes to the rising population access to food. Crop productivity and vulnerability to insect issues are significantly impacted by climate variations. Crop productivity is impacted by climate change because it makes crops more vulnerable to various pests and diseases.
One of the main things holding back the market’s expansion is the pest growing tolerance to several crop protection agents. Increased resistance to pests has resulted from a notable decrease in the efficacy of several active substances. The severe multiplication of pests, elevated rates of reproduction, and altered metabolic processes in insects are all responsible for this resistance. The likely impediments are the absence of infrastructure for research and development, the mature rice market in Thailand, anti-pesticide laws, and the rising demand for high-quality and safe food. Manufacturers and farmers face compliance issues due to strict laws governing pesticide registration, approval, and usage. Regulations differ from nation to nation and area to area, which makes product development and market access more difficult and expensive.
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Impact of COVID-19 on Thailand Crop Protection Chemicals Market
Thai agriculture’s usage of crop protection chemicals was severely disrupted by the COVID-19 outbreak. Agriculture was negatively impacted by supply chain disruptions, labor shortages, and logistical issues that made it difficult to distribute supplies. A further difficulty stemming from fluctuating demand was the market’s unpredictability combined with farmers’ low purchasing power. Agriculture was necessary to support the market, thus it continued to do so in spite of these obstacles. Remote consulting services and digitalization are becoming more and more common. The crisis underscored the industry’s critical role in preserving food security and brought attention to the need for strong supply chains and creative solutions to guarantee dependable access to crop protection products.
Thailand Crop Protection Chemicals Market Key Players:
Thailand (Biothai) discovered that fruits and vegetables have the highest concentrations of pesticide residues. Some of the key players are- 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.
Thailand Crop Protection Chemicals Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts
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.
For More Information, refer to below link:-
Thailand Crop Protection Chemicals Market Future Outlook
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