Thailand Seed Industry Outlook to 2018 - Government Support and Technological Advancement to Escalate Productivity
Thailand Seed Industry Outlook to 2018 - Government Support and Technological Advancement to Escalate Productivity" provides a comprehensive analysis of the various aspects such as market size of the seed industry in Thailand. The market is segmented by rice, maize and vegetable seeds, by hybrid or non hybrid seeds and by domestic and imports revenue in the report. The report also includes the competitive landscape of major seed developing companies in Thailand in both domestic and international market and also provides a detailed presentation on the rice seed and the maize seed industry in Thailand. The future outlook of the Thailand seed industry is comprehensively presented in the report along with the major growth drivers, challenges, porter's five forces, SWOT analysis and macroeconomic variables.
In 2012, the production of seeds in Thailand witnessed a fall of 2.4% as compared to the previous year. The production volume of the total seed industry is majorly dependent upon performance of rice seed, which account for almost 94.5% of the production volume of the total seed produced in 2013. The overall seed market has witnessed appreciable growth as at a CAGR of 3.4% during the review period of 2006-2013 in terms of production volume. Thailand seed industry is largely categorized into Rice seeds, Grain corn seeds and Vegetable seeds. Rice seeds are the most demanded and the most widely produced seeds in Thailand due to its high quality and the rising demand from world over.
The seed industry in Thailand is comprised of various major companies including domestic and international players that are involved in the production of different types of seeds such as rice, corn seeds and genetically modified seeds. The market for seed industry in Thailand is changing at a brisk rate. Technological advancements and growing government support in the country as well as the competitive pressures have been significantly changing the market. The Thailand seed industry is projected to grow by 7.3% over the period 2014-2018 and will reach THB ~ million in 2018 from THB ~ million in 2014. With the increasing domestic consumption and inclining international demand for all types of food grains, it is anticipated that the total requirement of food grains will grow in the near future, thus augmenting the demand for seeds.
The seed export situation in Thailand is improving year on year as export revenue is growing among the companies present in the maize and vegetable seed market. Syngenta seed was market leader in exports market with the exports revenue of THB ~ million from ~ tons of seed exported in 2013. The exports revenue of the company has increased from THB ~ million with ~ tons of seeds exported in 2011.
Thailand seed industry is one of the most developed industries in the country. It has been performing really well over the years and is responsible for contributing to a major share in the country's GDP. However, the industry is expected to face major challenges in terms of unpredictable weather conditions which may affect the pest occurrences in the short term. Thai crops such as wheat, corn and sunflower are dependent on rainfall and adequate environmental conditions in order to have high yields thus, any delay or deficiency in the rainfall could lead to droughts, which may create uncertainty in terms of demand.
Key Topics Covered in Thailand Seed Industry Report
The market size of the Thailand seed industry in terms of revenue and production volume.
Market segmentation on the basis of by types of seeds, by vegetable or non vegetable seeds and by domestic and imports.
Regional Overview of Thailand Seed Industry.
Thailand Rice Seed market size by production volume and revenue; market segmentation by types of rice seeds demanded, by market structure and by seed certification.
Thailand Corn Seed market Size by production volume and revenue; market segmentation by types of maize seeds.
Export & Import Scenario and Trends and development in the Thailand seed industry.
Growth drivers of Thailand Seed industry.
Major challenges faced by Thailand seed industry.
Future outlook and projections of Thailand seed industry.
Major macroeconomic factors in Thailand seed industry.