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Fertilizers Market in Thailand 2015-2019

Fertilizers Market in Thailand 2015-2019

Market outlook of the fertilizers market in Thailand

Fertilizers are used to prompt the growth of plant and also in increasing the crop yield. They help plants in holding the soil, thereby reduce soil erosion. Technavio’s market research analyst has estimated that the consumption of fertilizers in Thailand was 2.74 million metric tons in 2014 and is expected to reach a volume of 3.34 million metric tons in 2019, growing at a CAGR of more than 4%. Agriculture is one of the major source of the economy in Thailand, wherein more than 60% of the population is involved in agriculture.

The increasing population in Thailand every year has increased the demand for food, thereby increasing the production and consumption of fertilizers in the country. The consumers are expanding their diets with these dietary changes manifested in the form of increased demand for grain-intensive animal protein and dairy products. However, with the decline in arable land, it is difficult for farmers to increase productivity enough to cater to the high demand for food. Therefore, farmers are increasingly depending on fertilizers to improve plant growth and yields.

Segmentation of the fertilizers market in Thailand by product

  • Nitrogen
  • Phosphate
  • Potash
In 2014, the nitrogen segment led the market with a share of over 63% and this segment is likely to retain their top position through 2019. Corn, sugarcane, and cassava crops use significant amount of nitrogen fertilizers in Thailand, which is one of the main reasons influencing the market growth. Moreover, the growth in the nitrogen fertilizer market is majorly driven by imports from the Middle East countries (Saudi Arabia, Oman, Qatar, and Kuwait), Malaysia, and the US.

Competitive landscape and key vendors

The fertilizers market in Thailand is extremely competitive, with players competing to enhance market share. Factors such as intense competition, rapid advances in technology, and frequent changes in consumer preferences create significant risks for market vendors. Therefore, the market is expected to witness increased consolidation because of the growing competition among vendors.

Top vendors in this market are -
  • Artemis & Angel
  • Chia Tai
  • National Chemical Fertilizer Public Company
  • Thai Central Chemical
  • Yara International
Other prominent vendors included in this report are Ajinomoto, Crop Argo, Global Bio, ICL Fertilizers, and Terragro Company.

Growth drivers, challenges, and upcoming trends: Fertilizers

Technavio’s market research analysts consider upcoming trends such as the increase in adoption of biofertilizers, which is driven by the increase in awareness of the negative impact of chemical fertilizers on health and environment. The increasing adoption of biofertilizers can also be attributed to the growing demand for organic food and increase in government regulations for environmental safety.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the fertilizers market in Thailand. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include
  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the fertilizers market in Thailand?
  • What are the key market trends impacting the growth of the fertilizers market in Thailand?
  • What are the challenges to market growth?
  • Who are the key vendors in the fertilizers market in Thailand?
  • What are the market opportunities and threats faced by the vendors in the fertilizers market in Thailand?
  • What are the key outcomes of the five forces analysis of the fertilizers market in Thailand?
Technavio also offers customization on reports based on specific client requirement.

Related reports
  • Nitrogenous Fertilizers Market in Brazil 2015-2019
  • Global Nitrogenous Fertilizer Market 2015-2019
  • Agrochemicals Market in Brazil 2015-2019
  • Global Fertilizer Nutrients Market 2012-2016


Press Release

Technavio Announces the Publication of its Research Report – Fertilizers Market in Thailand 2015-2019
Technavio recognizes the following companies as the key players in the Fertilizers Market in Thailand: Artemis & Angel, Chia Tai, National Chemical Fertilizer Public Company, Thai Central Chemical and Yara International
Other Prominent Vendors in the market are: Ajinomoto, Crop Argo, Global Bio, ICL Fertilizers, and Terragro Company.
Commenting on the report, an analyst from Technavio’s team said: “Increased awareness of the negative impact of chemical fertilizers on health and the environment has led to an increase in adoption of eco-friendly biofertilizers. Such biofertilizers are organic in nature and are commonly derived from seaweed and fish and bone meal. Seaweed supplies potassium and other trace elements, while fish meal is a good source of nitrogen and phosphorous. Such organic nutrients are usually composted before they are applied to plants.”
According to the report, the growing population in Thailand is leading to a high demand for food. The consumers are expanding their diets, and these dietary changes are manifested in the form of increased demand for grain-intensive animal protein and dairy products. The population growth and the demand for food are driving the demand for food grain, which is propelling the agriculture production output.
Further, the report states that the uncertainty in the climatic conditions, especially with regard to rain, can lead to disasters for both agriculture and human life.

Companies Mentioned

Artemis & Angel, Chia Tai, National Chemical Fertilizer Public Company, Thai Central Chemical, Yara International, Ajinomoto, Crop Argo, Global Bio, ICL Fertilizers, Terragro Company.

  • Executive summary
    • Highlights
  • Scope of the report
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Global agriculture: An overview
    • Agricultural production
      • Table Growth in agricultural production 1997-2030 (per annum)
    • Global agricultural land
      • Table Global agricultural land 2010-2014
      • Table World population (billions) versus arable land (hectares per person) 1950-2050
  • Thailand: Country profile
    • Table Thailand profile
    • Economic indicators
      • Table GDP of Thailand 2009-2014 ($ billions)
      • Table GDP per capita in Thailand 2009-2014 ($)
      • Table Economic indicators in Thailand 2009-2014
  • Agriculture in Thailand: An overview
    • Table Agriculture land area by region in Thailand 2015
    • Table Crop distribution by land use in Thailand
    • Table World's top 10 rice exporters 2015
  • Market landscape
    • Table Fertilizer market in Thailand 2014-2019 (million metric tons)
    • Table Fertilizer consumption in Thailand per hectare of arable land 2007-2012 (kg)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Fertilizer market in Thailand by product
      • Table Fertilizer market in Thailand by product 2014
      • Table Fertilizer market in Thailand by product 2019
      • Table Fertilizer market in Thailand by product 2014-2019
    • Nitrogen fertilizer market in Thailand
      • Table Nitrogen fertilizer market in Thailand 2014-2019 (million metric tons)
    • Phosphate fertilizer market in Thailand
      • Table Phosphate fertilizer market in Thailand 2014-2019 (thousand metric tons)
    • Potash fertilizer market in Thailand
      • Table Potash fertilizer market in Thailand 2014-2019 (thousand metric tons)
  • Market drivers
    • Table Population in Thailand 2009-2014 (millions)
    • Table Global demand for biofuels 2014-2019 (million metric tons)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Water resources in Thailand 2015
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Fertilizer nutrient imports into Thailand 2007-2012 (million metric tons)
  • Vendor landscape
    • Competitive scenario
    • Major vendors 2014
    • Other prominent vendors
  • Other prominent vendors
    • Ajinomoto
    • Crop Argo
    • Global Bio
    • ICL Fertilizers
    • Terragro
  • Key vendor analysis
    • Artemis & Angel
      • Table Artemis & Angel: Product segmentation
    • Chia Tai
    • NFC
      • Table NFC: Product segmentation
    • TCCC
      • Table TCCC: Business segmentation by revenue 2014
      • Table TCCC: Business segmentation by revenue 2013 and 2014 ($ millions)
    • Yara International
      • Table Yara International: Business segmentation by revenue 2014
      • Table Yara International: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Yara International: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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