Thailand Seed Market Size

The Thailand Seed Market is projected to experience growth over the forecast period, driven by the adoption of hybrid and improved open-pollinated varieties. These varieties contribute to self-sufficiency, enhanced quality, and stable production, which are crucial for meeting the country's agricultural demands. The market's expansion is influenced by the significant share of open-pollinated and hybrid seeds, particularly in rice cultivation and row crops. The increasing demand for vegetables, spurred by population growth and health trends, further supports the market's development. Despite the limitations on transgenic hybrids, the reliance on non-transgenic options is expected to help address productivity challenges, thereby impacting the overall market size positively.

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Market Size of thailand seed Industry

Thailand Seed Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 675.1 Million
svg icon Market Size (2030) USD 846.2 Million
svg icon Largest Share by Breeding Technology Open Pollinated Varieties & Hybrid Derivatives
svg icon CAGR (2024 - 2030) 3.84 %
svg icon Fastest Growing by Breeding Technology Hybrids

Major Players

Thailand Seed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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 Market

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
Hybrids
Non-Transgenic Hybrids
Open Pollinated Varieties & Hybrid Derivatives
Cultivation Mechanism
Open Field
Protected Cultivation
Crop Type
Row Crops
Fiber Crops
Cotton
Other Fiber Crops
Forage Crops
Forage Corn
Forage Sorghum
Other Forage Crops
Grains & Cereals
Corn
Rice
Sorghum
Wheat
Other Grains & Cereals
Oilseeds
Soybean
Sunflower
Other Oilseeds
Pulses
Vegetables
Brassicas
Cabbage
Carrot
Cauliflower & Broccoli
Other Brassicas
Cucurbits
Cucumber & Gherkin
Pumpkin & Squash
Other Cucurbits
Roots & Bulbs
Garlic
Onion
Potato
Other Roots & Bulbs
Solanaceae
Chilli
Eggplant
Tomato
Other Solanaceae
Unclassified Vegetables
Asparagus
Lettuce
Peas
Other Unclassified Vegetables
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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.

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Thailand Seed Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Breeding Technology

      1. 1.1.1 Hybrids

        1. 1.1.1.1 Non-Transgenic Hybrids

      2. 1.1.2 Open Pollinated Varieties & Hybrid Derivatives

    2. 1.2 Cultivation Mechanism

      1. 1.2.1 Open Field

      2. 1.2.2 Protected Cultivation

    3. 1.3 Crop Type

      1. 1.3.1 Row Crops

        1. 1.3.1.1 Fiber Crops

          1. 1.3.1.1.1 Cotton

          2. 1.3.1.1.2 Other Fiber Crops

        2. 1.3.1.2 Forage Crops

          1. 1.3.1.2.1 Forage Corn

          2. 1.3.1.2.2 Forage Sorghum

          3. 1.3.1.2.3 Other Forage Crops

        3. 1.3.1.3 Grains & Cereals

          1. 1.3.1.3.1 Corn

          2. 1.3.1.3.2 Rice

          3. 1.3.1.3.3 Sorghum

          4. 1.3.1.3.4 Wheat

          5. 1.3.1.3.5 Other Grains & Cereals

        4. 1.3.1.4 Oilseeds

          1. 1.3.1.4.1 Soybean

          2. 1.3.1.4.2 Sunflower

          3. 1.3.1.4.3 Other Oilseeds

        5. 1.3.1.5 Pulses

      2. 1.3.2 Vegetables

        1. 1.3.2.1 Brassicas

          1. 1.3.2.1.1 Cabbage

          2. 1.3.2.1.2 Carrot

          3. 1.3.2.1.3 Cauliflower & Broccoli

          4. 1.3.2.1.4 Other Brassicas

        2. 1.3.2.2 Cucurbits

          1. 1.3.2.2.1 Cucumber & Gherkin

          2. 1.3.2.2.2 Pumpkin & Squash

          3. 1.3.2.2.3 Other Cucurbits

        3. 1.3.2.3 Roots & Bulbs

          1. 1.3.2.3.1 Garlic

          2. 1.3.2.3.2 Onion

          3. 1.3.2.3.3 Potato

          4. 1.3.2.3.4 Other Roots & Bulbs

        4. 1.3.2.4 Solanaceae

          1. 1.3.2.4.1 Chilli

          2. 1.3.2.4.2 Eggplant

          3. 1.3.2.4.3 Tomato

          4. 1.3.2.4.4 Other Solanaceae

        5. 1.3.2.5 Unclassified Vegetables

          1. 1.3.2.5.1 Asparagus

          2. 1.3.2.5.2 Lettuce

          3. 1.3.2.5.3 Peas

          4. 1.3.2.5.4 Other Unclassified Vegetables

Thailand Seed Market Size FAQs

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.

In 2024, the Thailand Seed Market size is expected to reach USD 675.11 million.

Thailand Seed Market Report Snapshots

Thailand Seed Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030