Thailand Fertilizer Market Size and Forecast 2025–2033

Thailand Fertilizer Market Outlook

The Thailand Fertilizer Market is experiencing a steady and structural transformation as the country strengthens its agricultural base to support food security, exports, and rural livelihoods. According to Renub Research, the market is expected to grow from US$ 1,071.08 million in 2024 to US$ 1,732.51 million by 2033, expanding at a CAGR of 5.50% during 2025–2033.

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This growth is fueled by a combination of rising food demand, increasing adoption of modern farming techniques, supportive government policies, and a growing understanding among farmers about soil health and balanced nutrient management. As Thailand continues to modernize its agricultural sector under the Bio-Circular-Green (BCG) Economy Model, fertilizers remain a cornerstone of productivity enhancement and sustainability.

Thailand Fertilizer Industry Overview

Fertilizers are essential agricultural inputs designed to supply nutrients that are naturally depleted from soil after repeated crop cycles. These nutrients—primarily nitrogen (N), phosphorus (P), and potassium (K)—play a vital role in crop growth, yield enhancement, and soil fertility maintenance.

In Thailand, fertilizers are broadly classified into inorganic (chemical) and organic categories. While inorganic fertilizers dominate the market due to their quick nutrient release and high efficiency, organic fertilizers are gaining popularity because of rising environmental awareness and government-backed sustainable agriculture initiatives.

Thailand’s diverse agricultural landscape—ranging from rice paddies and sugarcane fields to fruit orchards and vegetable farms—creates sustained demand for different fertilizer types and formulations. With limited arable land and a growing population, increasing yield per hectare has become a national priority, positioning fertilizers as a strategic input for long-term food security and export competitiveness.

Key Growth Drivers of the Thailand Fertilizer Market

1. Technological Advancements in Agriculture

Technology is transforming the fertilizer industry in Thailand. Precision farming techniques, including GPS-guided fertilizer spreaders, variable-rate application systems, drones, and AI-based monitoring tools, are enabling farmers to apply fertilizers more efficiently and accurately.

These innovations reduce waste, cut costs, and minimize environmental impact while improving crop yields. The integration of digital agriculture platforms allows farmers to make data-driven decisions based on soil condition, crop stage, and weather forecasts.

Such advancements are fully aligned with Thailand’s BCG economic strategy, which promotes innovation-driven, environmentally responsible agricultural practices. As adoption of these technologies increases, the demand for specialized and customized fertilizers continues to rise.

2. Rising Awareness of Soil Health and Sustainable Farming

Soil health awareness has emerged as a key driver of fertilizer demand in Thailand. Farmers are increasingly adopting crop rotation, green manure, conservation tillage, and organic fertilization to maintain long-term soil fertility.

The government-backed Volunteer Soil Doctors Program, implemented by the Land Development Department, plays a critical role in educating farmers on sustainable soil management and balanced nutrient application. This initiative has accelerated the adoption of biofertilizers, microbial fertilizers, and organic residues, expanding the organic fertilizer segment.

As climate change and soil degradation threaten productivity, farmers now recognize that soil health is not just an environmental concern but a business necessity—driving consistent fertilizer demand across the country.

3. Strong Government Support and Subsidies

Government support is one of the strongest pillars supporting the growth of Thailand’s fertilizer market. In June 2024, the Thai government launched a fertilizer co-payment scheme covering more than 4 million rice farmers, significantly reducing input costs and improving affordability.

Through the Bank for Agriculture and Agricultural Cooperatives (BAAC) mobile app, farmers can easily access subsidies and financing support. Additionally, fertilizer suppliers are encouraged to collaborate with the government to stabilize prices and prevent market volatility.

These measures not only protect farmers from global price fluctuations but also encourage higher fertilizer adoption, ensuring stable demand and long-term market expansion.

4. Export-Oriented Crop Production

Thailand is a major exporter of rice, sugarcane, cassava, rubber, fruits, and vegetables. Export-oriented crops require consistent quality and high yields, making fertilizers indispensable.

The global demand for Thai agricultural products continues to rise, especially in Asian and Middle Eastern markets. This export momentum encourages farmers to invest more in high-quality fertilizers, including NPK blends, micronutrients, and specialty formulations designed for specific crops and soil types.

Challenges Facing the Thailand Fertilizer Market

1. Price Volatility of Raw Materials

One of the biggest challenges facing Thailand’s fertilizer industry is price volatility, primarily due to the country’s heavy dependence on imported raw materials. Global energy price fluctuations, geopolitical tensions, and currency exchange instability directly impact fertilizer costs.

Events such as the Russia–Ukraine conflict have disrupted global fertilizer supply chains, leading to unpredictable price hikes. These fluctuations place a significant financial burden on small and medium farmers, reducing affordability and consumption.

To counter this, Thailand needs long-term strategies such as diversified sourcing, domestic production expansion, and strategic reserves to stabilize prices.

2. Climate Variability and Extreme Weather

Climate change presents another major challenge. Droughts, floods, and unpredictable rainfall patterns—often linked to El Niño—disrupt planting cycles and reduce the effectiveness of fertilizer application.

In extreme weather conditions, fertilizers can be washed away or fail to deliver expected results, discouraging farmers from investing in them. Infrastructure damage and logistical disruptions further complicate supply chains, creating irregular demand patterns.

Climate-smart farming practices, resilient infrastructure, and weather-based fertilizer recommendations are increasingly critical to maintaining market stability.

Recent Developments in the Thailand Fertilizer Industry

August 2024:

Sojitz Corporation established Sojitz Kaset Dee X Co., Ltd. (KDX) as a subsidiary of its agricultural platform business in Thailand. The company plans to launch farming services for cassava farmers in late 2024, focusing on sustainability, productivity, and income improvement.

This move reflects growing foreign investment in Thailand’s agri-input ecosystem and highlights the increasing integration of fertilizer solutions with digital farming platforms and advisory services.

Thailand Fertilizer Market Segmentation Analysis

By Category

Organic

Inorganic

Inorganic fertilizers continue to dominate the market due to their immediate effectiveness and high nutrient concentration. However, the organic segment is growing rapidly as sustainability becomes a national priority.

By Product Type

Nitrogen Fertilizers

Ammonia

Ammonium Nitrate

Ammonium Phosphate

Ammonium Sulphate

Calcium Ammonium Nitrate

Potassium Nitrate

Urea

Urea Ammonium Nitrate

NK, NP, NPK

Others

Nitrogen fertilizers represent the largest share due to their essential role in crop growth and high usage in rice and sugarcane cultivation.

Phosphate Fertilizers

Used extensively for root development and early plant growth, especially in horticulture and fruit crops.

Potash Fertilizers

Increasingly adopted to improve disease resistance, fruit quality, and water retention.

By Microorganism

Azospirillum

Cyanobacteria

Phosphate-Solubilizing Bacteria

Azolla

Aulosira

Rhizobium

Azotobacter

Others

Microbial fertilizers are gaining traction as farmers adopt biological solutions to improve nutrient availability and soil fertility naturally.

By Organic Residues

Farm Yard Manure

Crop Residue

Green Manure

Other Products

By Application

Agriculture

Horticulture

Gardening

Others

Agriculture remains the dominant application, while horticulture is the fastest-growing segment due to rising fruit and vegetable exports.

By Crop Type

Cereals & Grains

Oilseeds & Pulses

Fruits & Vegetables

Others

By Form

Dry

Liquid

Dry fertilizers dominate the market due to ease of storage and transportation, while liquid fertilizers are gaining popularity in precision farming systems.

Competitive Landscape and Key Players

The Thailand fertilizer market is moderately competitive, with both global and domestic players offering diversified product portfolios and farmer-focused solutions.

Key companies include:

Yara International ASA

NFC Public Company Limited

Chai Thai Co. Ltd

Thai Central Chemical Public Company Limited

Haifa Group

SAKSIAM GROUP

ICL Group Ltd

Rayong Fertilizer Trading Company Limited (UBE Group)

Grupa Azoty S.A. (Compo Expert)

Each company is analyzed based on:

Company Overview

Key Persons

Recent Developments & Strategies

Sales Performance

These players are focusing on product innovation, sustainable fertilizers, digital advisory platforms, and strategic partnerships to strengthen their presence in the Thai market.

Final Thoughts

The Thailand Fertilizer Market is entering a new phase of sustainable and technology-driven growth. With strong government backing, increasing awareness of soil health, and rising demand for high-quality agricultural output, the market is well-positioned to grow steadily through 2033.

Despite challenges such as price volatility and climate variability, Thailand’s strategic focus on sustainable agriculture under the BCG Economy Model ensures long-term market resilience. As farmers continue to adopt precision farming and environmentally friendly practices, fertilizers—both organic and inorganic—will remain essential to the country’s agricultural success.

By 2033, Thailand’s fertilizer market is not only expected to expand in size but also evolve in sophistication, sustainability, and value creation for farmers and agribusiness stakeholders alike.