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Fertilizers Market in Thailand 2015-2019

  • Published: Dec 2015
  • Pages: 59
  • SKU: IRTNTR7723
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An in-depth study and breakdown of the fertilizers market in Thailand by product such as nitrogen, phosphate, and potash. The report also presents market size and market projections and key vendors, which include Thai Central Chemical, Chia Tai, National Chemical Fertilizer Public Company, Yara International, and Artemis & Angel.

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.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Global agriculture: An overview

  • Agricultural production
  • Global agricultural land

PART 06: Thailand: Country profile

  • Economic indicators

PART 07: Agriculture in Thailand: An overview

PART 08: Market landscape

  • Five forces analysis

PART 09: Market segmentation by product

  • Fertilizer market in Thailand by product
  • Nitrogen fertilizer market in Thailand
  • Phosphate fertilizer market in Thailand
  • Potash fertilizer market in Thailand

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Vendor landscape

  • Competitive scenario
  • Major vendors 2014
  • Other prominent vendors

PART 16: Other prominent vendors

  • Ajinomoto
  • Crop Argo
  • Global Bio
  • ICL Fertilizers
  • Terragro

PART 17: Key vendor analysis

  • Artemis & Angel
  • Chia Tai
  • NFC
  • TCCC
  • Yara International

PART 18: Appendix

  • List of abbreviations

PART 19: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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