Market Size of thailand seed Industry
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 675.1 Million |
|
|
Market Size (2030) | USD 846.2 Million |
|
Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
|
|
CAGR (2024 - 2030) | 3.84 % |
|
|
Fastest Growing by Breeding Technology | Hybrids |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Thailand Seed Market Analysis
The Thailand Seed Market size is estimated at 675.1 million USD in 2024, and is expected to reach 846.2 million USD by 2030, growing at a CAGR of 3.84% during the forecast period (2024-2030).
675.1 Million
Market Size in 2024 (USD)
846.2 Million
Market Size in 2030 (USD)
3.60 %
CAGR (2017-2023)
3.84 %
CAGR (2024-2030)
Largest Market by Crop Family
89.14 %
value share, Grains & Cereals, 2023
In Thailand, rice is the major staple food crop, occupying a major share of the agricultural area. The increasing area under corn cultivation and demand for corn are driving the market.
Largest Market by Breeding Technology
69.03 %
value share, Open Pollinated Varieties & Hybrid Derivatives, 2023
This is due to the higher adoption of open-pollinated varieties and hybrid derivatives in rice and other cereals, which are the major crops cultivated in the country.
Fastest-growing Market by Crop Family
6.70 %
Projected CAGR, Roots & Bulbs, 2024-2030
The fast growth of the roots and bulbs segment is driven by the increasing cultivation area under the bulb crops and increasing domestic demand for culinary purposes.
Fastest-growing Market by Breeding Technology
5.60 %
Projected CAGR, Hybrids, 2024-2030
The fast growth of hybrids is associated with characteristics such as high yield, biotic and abiotic stress resistance, high vigor, and early bearing in vegetables.
Leading Market Player
4.72 %
market share, Groupe Limagrain, 2022
It is the market leader in the country with its multi-brand partnership strategy, which allows it to offer a much wider and more diversified variety of crops.
Open-pollinated varieties and hybrid derivates dominate the market because major crops such as rice are mostly cultivated with OPV seeds due to easy availability
- In 2022, open-pollinated varieties and hybrid derivatives accounted for a major share of the Thai seed market, with 69.6%. The larger share was mainly due to the extensive area under rice cultivation, where open-pollinated varieties are most common.
- In Thailand, hybrid seeds accounted for 30.4% of the seed market in 2022. Out of the total value of the hybrid seed market, row crops accounted for 80.3%, whereas vegetables accounted for 19.7% in 2022. The high share of vegetables was due to the increased demand for vegetables as a result of the growing population and increased health consciousness.
- During the forecast period, the grains and cereals segment is estimated to grow, registering a CAGR of 6.1%. As transgenic hybrids are not approved in the country, there is reliance on non-transgenic hybrid seeds to recover from lagging productivity and meet the production demand.
- In Thailand, vegetables accounted for 1.7% of the market for open-pollinated varieties in 2022. Vegetables accounted for the minimum share due to the preference for high-yielding and disease-resistant hybrids. Among vegetables, major shares were held by cucumber and gherkins (15.9%), chili (15.3%), and onion (5%) in 2022, as these vegetables are highly valued in the country.
- In Thailand, the adoption of hybrids and improved open-pollinated varieties have resulted in many advantages, such as self-sufficiency in production, improvement in the quality of agricultural products, and stability in production. Such factors are estimated to drive the growth of the country’s seed market during the forecast period at a CAGR of 3.8%.
Thailand Seed Industry Segmentation
Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Open Field, Protected Cultivation are covered as segments by Cultivation Mechanism. Row Crops, Vegetables are covered as segments by Crop Type.
- In 2022, open-pollinated varieties and hybrid derivatives accounted for a major share of the Thai seed market, with 69.6%. The larger share was mainly due to the extensive area under rice cultivation, where open-pollinated varieties are most common.
- In Thailand, hybrid seeds accounted for 30.4% of the seed market in 2022. Out of the total value of the hybrid seed market, row crops accounted for 80.3%, whereas vegetables accounted for 19.7% in 2022. The high share of vegetables was due to the increased demand for vegetables as a result of the growing population and increased health consciousness.
- During the forecast period, the grains and cereals segment is estimated to grow, registering a CAGR of 6.1%. As transgenic hybrids are not approved in the country, there is reliance on non-transgenic hybrid seeds to recover from lagging productivity and meet the production demand.
- In Thailand, vegetables accounted for 1.7% of the market for open-pollinated varieties in 2022. Vegetables accounted for the minimum share due to the preference for high-yielding and disease-resistant hybrids. Among vegetables, major shares were held by cucumber and gherkins (15.9%), chili (15.3%), and onion (5%) in 2022, as these vegetables are highly valued in the country.
- In Thailand, the adoption of hybrids and improved open-pollinated varieties have resulted in many advantages, such as self-sufficiency in production, improvement in the quality of agricultural products, and stability in production. Such factors are estimated to drive the growth of the country’s seed market during the forecast period at a CAGR of 3.8%.
| Breeding Technology | |||
| |||
| Open Pollinated Varieties & Hybrid Derivatives |
| Cultivation Mechanism | |
| Open Field | |
| Protected Cultivation |
| Crop Type | |||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||
|
Thailand Seed Market Size Summary
The Thailand seed market is poised for steady growth, driven by the adoption of hybrid and improved open-pollinated varieties. These advancements have led to increased self-sufficiency, enhanced quality of agricultural products, and stable production levels. The market is characterized by a significant share of open-pollinated varieties and hybrid derivatives, largely due to the extensive rice cultivation in the country. Hybrid seeds, particularly in row crops and vegetables, are gaining traction, with a notable demand for high-yielding and disease-resistant varieties. The grains and cereals segment is expected to experience robust growth, supported by the reliance on non-transgenic hybrid seeds to meet production demands. The market's expansion is further bolstered by government initiatives and financial incentives aimed at boosting the acreage under row crops, particularly corn, to meet the rising demand from the processing and food sectors.
The seed market in Thailand is fragmented, with major players like Advanta Seeds - UPL, Charoen Pokphand Group, Groupe Limagrain, Known You Seed Co. Ltd, and Syngenta Group holding a significant share. The market is witnessing innovations such as the introduction of new lettuce varieties with high resistance to diseases and the acquisition of carrot breeding programs to expand product offerings. The demand for seeds with multiple traits, such as disease tolerance and quality attributes, is on the rise, driven by the need to adapt to changing weather conditions and meet high-quality crop requirements. The increasing demand for vegetables, particularly cucumbers, chilies, and onions, is fueled by population growth and heightened health consciousness. As the market evolves, the focus on protected cultivation and early maturity traits is expected to grow, catering to the rising demand from the food industry.
Thailand Seed Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
1.1 Breeding Technology
-
1.1.1 Hybrids
-
1.1.1.1 Non-Transgenic Hybrids
-
-
1.1.2 Open Pollinated Varieties & Hybrid Derivatives
-
-
1.2 Cultivation Mechanism
-
1.2.1 Open Field
-
1.2.2 Protected Cultivation
-
-
1.3 Crop Type
-
1.3.1 Row Crops
-
1.3.1.1 Fiber Crops
-
1.3.1.1.1 Cotton
-
1.3.1.1.2 Other Fiber Crops
-
-
1.3.1.2 Forage Crops
-
1.3.1.2.1 Forage Corn
-
1.3.1.2.2 Forage Sorghum
-
1.3.1.2.3 Other Forage Crops
-
-
1.3.1.3 Grains & Cereals
-
1.3.1.3.1 Corn
-
1.3.1.3.2 Rice
-
1.3.1.3.3 Sorghum
-
1.3.1.3.4 Wheat
-
1.3.1.3.5 Other Grains & Cereals
-
-
1.3.1.4 Oilseeds
-
1.3.1.4.1 Soybean
-
1.3.1.4.2 Sunflower
-
1.3.1.4.3 Other Oilseeds
-
-
1.3.1.5 Pulses
-
-
1.3.2 Vegetables
-
1.3.2.1 Brassicas
-
1.3.2.1.1 Cabbage
-
1.3.2.1.2 Carrot
-
1.3.2.1.3 Cauliflower & Broccoli
-
1.3.2.1.4 Other Brassicas
-
-
1.3.2.2 Cucurbits
-
1.3.2.2.1 Cucumber & Gherkin
-
1.3.2.2.2 Pumpkin & Squash
-
1.3.2.2.3 Other Cucurbits
-
-
1.3.2.3 Roots & Bulbs
-
1.3.2.3.1 Garlic
-
1.3.2.3.2 Onion
-
1.3.2.3.3 Potato
-
1.3.2.3.4 Other Roots & Bulbs
-
-
1.3.2.4 Solanaceae
-
1.3.2.4.1 Chilli
-
1.3.2.4.2 Eggplant
-
1.3.2.4.3 Tomato
-
1.3.2.4.4 Other Solanaceae
-
-
1.3.2.5 Unclassified Vegetables
-
1.3.2.5.1 Asparagus
-
1.3.2.5.2 Lettuce
-
1.3.2.5.3 Peas
-
1.3.2.5.4 Other Unclassified Vegetables
-
-
-
-
Thailand Seed Market Size FAQs
How big is the Thailand Seed Market?
The Thailand Seed Market size is expected to reach USD 675.11 million in 2024 and grow at a CAGR of 3.84% to reach USD 846.24 million by 2030.
What is the current Thailand Seed Market size?
In 2024, the Thailand Seed Market size is expected to reach USD 675.11 million.
