Thailand Seeds Market (2023-2029) | Industry, Share, Size, Growth, Companies, Revenue, Analysis, Forecast, Value, COVID-19 IMPACT & Trends

Topics Covered in the Thailand Seeds Market

Thailand Seeds Market report thoroughly covers the market by type, by crop, by seed treatment, and by seed trait. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Seeds Market Synopsis

Thailand seeds market is essential for sustaining its agricultural productivity. It encompasses various crops, including rice, maize, vegetables, and fruits. The market has witnessed advancements in seed technology and research, aiming to enhance crop yields, resistance to diseases, and adaptation to local conditions. Local and international seed companies operate in Thailand, ensuring a diverse and competitive landscape.

According to 6Wresearch, the Thailand Seeds Market Size was valued at USD 764.97 Billion and is expected to reach USD 1.79 Trillion over the years, expanding at a CAGR of 5.0% during the forecast period of 2023-2029. The Thailand seeds market is thriving due to the modernization of agriculture and a growing focus on crop improvement. Farmers are increasingly adopting high-yielding and genetically modified seeds to enhance crop productivity and resilience to pests and diseases. The government`s initiatives to promote seed research and development further stimulate market growth. Climate change concerns and the need for sustainable agriculture practices also drive the demand for specialized seeds suited to changing environmental conditions. However, the Thailand seeds industry faces challenges related to the conservation and preservation of traditional seed varieties. Maintaining biodiversity and genetic diversity is crucial for sustainable agriculture. Additionally, ensuring that new seed technologies meet regulatory requirements and consumer demands for non-GMO and organic options is an ongoing challenge.

COVID-19 Impact on the Market

The Thailand Seeds Market Growth faced challenges during the pandemic, particularly related to disruptions in supply chains. Farmers encountered difficulties in accessing quality seeds for planting, affecting agricultural production. However, the government and agricultural agencies implemented measures to ensure seed availability and distribution. The long-term impact on the seeds market was mitigated by these efforts and a return to normalcy in agricultural activities.

Key Players in the Market

Leading the Thai seeds market are companies like East-West Seed International and Thai Seed Co., Ltd. These firms specialize in breeding, producing, and distributing high-quality seeds for various crops, including vegetables and fruits. Their commitment to innovation and sustainable agriculture practices has solidified their position in the market.

Government policies and schemes introduced in the Thailand Seeds Market

Thailand has implemented the Plant Variety Protection Act to provide intellectual property rights to breeders of new plant varieties. This encourages investment in research and development of improved seed varieties. Thailand has a National Seed Policy and Strategy that aims to ensure the availability of high-quality seeds to farmers, promote research and development in seed technology, and encourage the private sector's involvement in the seed industry. Thailand has regulations in place to govern the import and commercialization of genetically modified seeds. These regulations are aimed at ensuring the safety of GM seeds and products. Moreover, initiatives to establish and support local seed banks help preserve and promote traditional and indigenous seed varieties, which is important for biodiversity conservation.

Market Analysis by Type

According to Shivani, Senior Research Analyst, 6Wresearch, the Genetically Modified (GM) Seed are dominating the Thailand Seeds Market Share over the years. GM seeds are designed to provide specific traits that enhance crop yields and overall crop performance.

Market Analysis by Seed Trait

Based on Seed Trait, the Other Stacked Traits segment is expected to gain traction over the forecast period. This refers to seeds that possess a combination of various traits, such as resistance to multiple pests or environmental conditions.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Seeds Market Outlook
• Market Size of Thailand Seeds Market, 2022
• Forecast of Thailand Seeds Market, 2029
• Historical Data and Forecast of Thailand Seeds Revenues & Volume for the Period 2019 - 2029
• Thailand Seeds Market Trend Evolution
• Thailand Seeds Market Drivers and Challenges
• Thailand Seeds Price Trends
• Thailand Seeds Porter's Five Forces
• Thailand Seeds Industry Life Cycle
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Type for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Genetically Modified (GM) Seed for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Conventional Seed for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Crop for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Field Crops for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Fruit & Vegetable Crops for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Availability for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Commercial Seeds for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Saved Seeds for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Seed Treatment for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Treated for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Untreated for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Seed Trait for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Herbicide Tolerant for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Insecticide Resistant for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Seeds Market Revenues & Volume By Other Stacked Traits for the Period 2019 - 2029
• Thailand Seeds Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Crop
• Market Opportunity Assessment By Availability
• Market Opportunity Assessment By Seed Treatment
• Market Opportunity Assessment By Seed Trait
• Thailand Seeds Top Companies Market Share
• Thailand Seeds Competitive Benchmarking By Technical and Operational Parameters
• Thailand Seeds Company Profiles
• Thailand Seeds Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Genetically Modified (GM) Seed
• Conventional Seed

By Crop

• Field Crops
• Fruit & Vegetable Crops
• By Availability
• Commercial Seeds
• Saved Seeds

By Seed Treatment

• Treated
• Untreated

By Seed Trait

• Herbicide Tolerant
• Insecticide Resistant
• Other Stacked Traits