Thailand Fertilizers Market Analysis, Size, and Forecast 2025-2029

Thailand Fertilizers Market Size 2025-2029

The fertilizers market in Thailand size is forecast to increase by USD 1.52 billion at a CAGR of 8.8% between 2024 and 2029.

• The fertilizers market in Thailand is experiencing significant growth due to the increasing demand to enhance agricultural productivity. Precision agriculture, a farming management concept based on observing, measuring, and responding to inter- and intra-field variability, is gaining popularity in the region. This trend is driving the adoption of advanced fertilizer application technologies to optimize nutrient use and reduce wastage. Sustainable agriculture practices, including precision agriculture and the use of advanced sensors, drones, and data analytics, contribute to optimizing nutrient formulations and reducing nutrient runoff and greenhouse gas emissions. Additionally, health and environmental concerns associated with the use of fertilizers are compelling farmers to seek sustainable and eco-friendly alternatives. These fertilizers are gaining traction in the agriculture industry for crops such as rice, wheat, and corn. These factors are expected to shape the future growth trajectory of the Thai fertilizer market.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

• The fertilizer market encompasses a wide range of nutrient solutions designed to enhance crop quality and address nutritional soil deficiencies. This market is driven by the need for efficient crop management in agricultural regions worldwide. Fertilizers play a crucial role in mitigating nitrogen deficiency and promoting early crop growth, vegetative growth, and grain yield in various high-value crops, including grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and sugarcane cultivation. Soil-forming parent materials, such as weatherable minerals and coarse-grained sediments, significantly influence the fertilizer market. These materials determine the availability of essential nutrients, including nitrogen, phosphorus, and potassium, for crops. Key agricultural countries, such as Australia, China, and India, are significant contributors to global agricultural exports, including cotton, sugarcane, fruits, vegetables, grains, and cotton.

  Fertilizer formulations cater to diverse agricultural needs, offering specialized nutrient combinations and tailored nutrient delivery systems. The market's size and direction are influenced by factors like weather conditions, root development, and the regulatory focus on environmental protection. Agricultural input providers, including chemical fertilizer manufacturers, are integrating vertically to offer technical support capabilities and robust distribution networks. Market trends include the development of micronutrient fertilizers, chelated fertilizers, and the use of limestone formations to improve soil pH levels. The fertilizer market is a dynamic and evolving landscape, with ongoing research and innovation aimed at improving crop productivity while minimizing environmental impact.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Application
  • Agriculture
  • Horticulture
  • Gardening
• Type
  • Inorganic
  • Organic
• Product
  • Dry
  • Liquid
• Product Type
  • Nitrogenous fertilizers
  • Phosphatic fertilizers
  • Potassic fertilizers
  • Micronutrients fertilizers
• Geography
  • APAC
    • Thailand

By Application Insights

• The agriculture segment is estimated to witness significant growth during the forecast period. In the global fertilizer market, agriculture is a significant driver of demand, with Thailand being a prime example. The Thai agricultural sector focuses on enhancing food security, increasing crop yields, and boosting the economy. This sector comprises various crops, including rice, sugarcane, cassava, and corn, which hold significance for both domestic consumption and export. Modern agricultural technologies, such as sensors and drones, are employed to enhance efficiency and productivity while preserving the environment. Fertilizers, particularly inorganic types like nitrogenous, phosphatic, and potassic fertilizers, are essential for meeting the nutritional requirements of these crops. Nitrogenous fertilizers promote plant growth, phosphatic fertilizers aid in root development and energy transfer, and potassic fertilizers enhance crop resistance to stress and improve overall plant health.
• Micronutrient fertilizers, chelated fertilizers, controlled-release technologies, micronutrient-enriched products, water-soluble fertilizers, and bio-based solutions are other fertilizer types that cater to specific nutrient requirements and improve nutrient utilization efficiency. Soil testing and balanced fertilization practices are crucial for optimizing fertilizer application and ensuring crop nutrition. Precision agriculture, nutrient management, and application optimization are modern farming practices that contribute to improved fertilizer efficiency and reduced environmental impact. Fertilizer distribution, agricultural productivity, sustainable farming practices, and soil enrichment are key aspects of this sector. Fertigation systems, rice insurance plans, potash mining, and fertilizer shortages are other significant factors influencing the fertilizer market.

Get a glance at the market report of share of various segments Request Free Sample

Market Dynamics

Our Thailand|APAC Fertilizers Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Thailand Fertilizers Market?

• Rising need to boost agricultural productivity in Thailand is the key driver of the market. The Thai fertilizers market experiences growth due to the importance of agriculture in Thailand's economy and the need to maintain soil nutrients for optimal crop yields. With around 8-9% contribution to the country's GDP, agriculture plays a significant role in both domestic consumption and global exports. Limited arable land and the impact of climate change intensify the demand for fertilizers, organic and inorganic, to enrich soil and boost productivity. Nitrogenous, phosphatic, and potassic fertilizers, including micronutrients, are essential for addressing soil deficiencies in grains and cereals, pulses and oilseeds, commercial crops, fruits, and vegetables. Chemical fertilizers, such as diammonium phosphate and chelated fertilizers, employ controlled-release technologies and micronutrient-enriched products to improve nutrient utilization efficiency.
• Water-soluble fertilizers and bio-based solutions cater to the needs of precision agriculture, nutrient management, and application optimization. Fertigation systems and rice insurance plans provide farmers with efficient fertilizer distribution and crop protection. Sustainable farming practices, including balanced fertilization, organic matter, and nutrient cycling, contribute to soil enrichment and plant health. Fertilizer analysis laboratories and digital solutions, such as nutrient delivery systems and mobile applications, enable farmers to optimize fertilizer application and maintain a balanced nutrient balance. Innovations in fertilizer types, such as granular fertilizer, compound fertilizer, and fertilizer blends, cater to various crop nutrition requirements. The market also offers premium and specialty fertilizer products to cater to specific crop needs and farming solutions.

What are the market trends shaping the Thailand Fertilizers Market?

• Growing focus on adoption of precision agriculture is the upcoming trend in the market. Precision agriculture, also known as smart farming or farming with data, is transforming the agricultural sector in Thailand. Utilizing advanced technologies such as Global Positioning System (GPS), drones, sensors, and data analytics, farmers optimize various farming operations, including fertilizer application. Specialty fertilizers, like those for sugar beet, fruits, and vegetables, provide targeted nutrient solutions. In this context, Thailand's farmers are increasingly adopting precision agriculture to enhance efficiency, productivity, and sustainability. By analyzing precise data on soil conditions, weather patterns, crop health, and nutrient levels, farmers make informed decisions about fertilizer application. This targeted approach minimizes waste, reduces environmental impact, and maximizes crop yields. Fertilizers play a crucial role in precision agriculture, with nitrogenous, phosphatic, and potassic fertilizers being essential.
• Micronutrients fertilizers, chelated fertilizers, controlled-release technologies, and micronutrient-enriched products contribute to balanced nutrient management. Water-soluble fertilizers, granular fertilizer, compound fertilizer, and fertilizer analysis laboratories ensure nutrient delivery systems and optimal nutrient utilization efficiency. Bio-based solutions, such as biofertilizers and soil amendments, offer sustainable farming practices. Balanced fertilization practices, organic matter, and nutrient cycling contribute to soil enrichment and crop fertility. Fertilizer application optimization, nutrient management, and fertigation systems further enhance farm productivity. Precision agriculture also addresses soil deficiencies, such as iron deficiency, and employs digital solutions, including online channels and mobile applications, for easier access to agricultural inputs. Advanced farming practices, such as precision agriculture and integrated nutrient management, can help mitigate these losses and improve overall crop production. Despite challenges like fertilizer shortages and domestic fertilizer production, agricultural export, fruit production, and export-oriented agriculture continue to drive the demand for premium and specialty fertilizer products.

What challenges does Thailand Fertilizers Market face during the growth?

• Health and environmental concerns associated with use of fertilizers is a key challenge affecting the market growth. Fertilizers play a crucial role in modern agriculture by enhancing soil nutrients and promoting plant health. Nitrogenous fertilizers, such as ammonium nitrate, phosphatic fertilizers, and potassic fertilizers, are essential for the growth of grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other commercial agricultural produce. Commercially available synthetic fertilizers contain hazardous chemicals like heavy metals, ammonium nitrate, and potassium chloride. These fertilizers contain essential nutrients like nitrogen compounds, phosphorus sources, and potassium salts, which are vital for balanced fertilization practices. However, the use of chemical fertilizers comes with risks. They may contain heavy metals, ammonium nitrate, and other toxic chemicals that can harm human health and the environment.
• For instance, ammonium nitrate, a common fertilizer component, can be hazardous if inhaled or ingested. Plants absorb these toxic chemicals, leading to their presence in food, and contaminated water can contain high levels of nitrates and nitrites, which can cause health issues. To mitigate these risks, the agriculture industry is exploring alternatives, such as micronutrient fertilizers, chelated fertilizers, controlled-release technologies, micronutrient-enriched products, water-soluble fertilizers, bio-based solutions, granular fertilizer, compound fertilizer, and fertilizer analysis laboratories. Precision agriculture, nutrient management, application optimization, and fertilizer distribution are also gaining popularity to enhance farming efficiency and ensure sustainable farming practices.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Aditya Birla Management Corp. Pvt. Ltd. - The company provides a comprehensive fertilizer solution encompassing crop cultivation stages from planting to harvest. Their offerings cater to farmers' needs, ensuring optimal crop growth and productivity.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Aditya Birla Management Corp. Pvt. Ltd.
• Bayer AG
• Chai Tai Co. Ltd.
• CITY PLANT CO. LTD.
• COMPO EXPERT GmbH
• CropAgro
• Global Crops Co. Ltd
• Haifa Negev technologies Ltd.
• ICP Fertilizer Co. Ltd.
• ICP Ladda Co. Ltd.
• Israel Chemicals Ltd.
• Kaset Thai International Sugar Corporation Public Co. Ltd.
• NFC Public Co. Ltd.
• Terragro Fertilizer Co. Ltd.
• Thai Central Chemical Public Co. Ltd.
• Thai Nitrate Co. Ltd.
• TKK FERTILIZERZ Thailand Co. Ltd.
• TNA Agri Group Co. Ltd.
• Ube Corp.
• Yara International ASA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Fertilizers play a crucial role in modern agriculture, providing essential nutrients for the growth and development of various crops. Nitrogenous, phosphatic, and potassic fertilizers are the primary types, each supplying different nutrients vital for plant health. Micronutrient fertilizers are also important, addressing soil deficiencies in iron and other essential minerals. Grains and cereals, pulses and oilseeds, commercial crops, fruits, and vegetables all benefit from the application of these fertilizers. The use of chemical fertilizers, such as diammonium phosphate and chelated fertilizers, has been widespread due to their high nutrient content and controlled-release technologies. However, there is a growing demand for micronutrient-enriched products, water-soluble fertilizers, and bio-based solutions.

The agricultural industry is constantly evolving, with precision agriculture, nutrient management, and application optimization becoming increasingly important. Fertilizer analysis laboratories play a vital role in ensuring the quality and efficiency of fertilizer use. Digital solutions, such as fertigation systems and nutrient utilization efficiency tools, are also gaining popularity. Sustainable farming practices, including soil enrichment and crop yields, are essential for long-term agricultural productivity. Balanced fertilization practices and organic farming alternatives, such as biofertilizer solutions, are becoming more common. Soil deficiencies and nutrient delivery systems are critical considerations for farmers, as are balanced nutrient management and organic matter content.

Farming efficiency, plant vigor, and soil structure are all influenced by the choice and application of fertilizers. Essential minerals and plant development are key factors in crop fertility and plant health. Natural fertilizers and soil amendments are also important for nutrient cycling and farming solutions. The fertilizer market is subject to various market dynamics, including fertilizer efficiency, crop protection, nutrient retention, and farm productivity. Domestic fertilizer production and agricultural export are significant factors, as are fruit production and export-oriented agriculture. Premium fertilizer products and specialty fertilizer solutions are also gaining popularity. Online channels and mobile applications are increasingly used for fertilizer distribution and agricultural input management.

Arable land and soil quality are critical factors in determining crop yields and farm productivity. The use of compost and compost use is also becoming more widespread as a sustainable farming practice. The fertilizer market is a dynamic and essential sector in modern agriculture. The choice and application of fertilizers play a significant role in crop yields, soil enrichment, and sustainable farming practices. The use of precision agriculture, nutrient management, and digital solutions is becoming increasingly important, as is the adoption of sustainable farming practices and bio-based solutions. The market is subject to various market dynamics, including fertilizer efficiency, crop protection, and nutrient retention, among others.

Request Free Sample

What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across Thailand and APAC
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch