Thailand Fertilizer Market Forecast 2025–2033

According to Renub Research Thailand Fertilizer Market is projected 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. Thailand’s agricultural sector—one of the most important pillars of its economy—continues to rely heavily on fertilizers to sustain demand for staple crops, horticulture, and export-driven agricultural commodities. Increasing consumption of food, rising agricultural productivity requirements, government subsidy programs, expanding export-oriented cultivation, and greater farmer awareness of soil health are major forces propelling the market forward. As Thailand modernizes its farming systems and embraces sustainable practices, fertilizers—both organic and inorganic—will remain critical to securing long-term agricultural output.

Thailand Fertilizer Industry Overview

Fertilizers play a vital role in Thailand’s agricultural framework. Whether organic—derived from compost, plant residue, or livestock manure—or inorganic and chemically manufactured, fertilizers supply essential nutrients such as nitrogen (N), phosphorus (P), and potassium (K). These nutrients support plant growth, enhance soil fertility, and help increase yields, which is critical in a country where agriculture contributes significantly to rural livelihoods and national exports.

Thailand’s agricultural land is under continuous pressure due to a rising population, limited arable area, and fluctuating climatic conditions. As a result, fertilizers are applied to maintain productivity and support crop resilience. Over recent decades, Thailand has focused on optimizing fertilizer use through balanced nutrient management. Misapplication or overuse can lead to soil degradation and pollution; thus, improving nutrient efficiency remains a national priority.

Government policies, financial subsidies, and technological advancements are key contributors to the expansion of Thailand’s fertilizer market. The growth of precision agriculture, the use of drones, mobile applications, and soil testing kits are increasingly enabling farmers to apply fertilizers more efficiently. Thailand’s strong agricultural export orientation—particularly in rice, cassava, fruits, and rubber—also requires consistent fertilizer inputs to maintain high-yield production.

As agricultural modernization accelerates, Thailand’s fertilizer market is experiencing structural shifts. There is rising demand for specialized fertilizers tailored to specific soil types and crop needs. Farmers are becoming more knowledgeable about micronutrients, organic inputs, and biofertilizers. This evolution reflects both environmental concerns and the strategic push under the country’s Bio-Circular-Green (BCG) economic model, which promotes sustainable and eco-friendly agriculture practices.

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Growth Drivers for the Thailand Fertilizer Market

Technological Advancements

Technological innovation has become a major catalyst for fertilizer market growth in Thailand. Precision agriculture tools—such as GPS-guided machinery, soil sensors, digital nutrient monitoring, and variable-rate technology—are helping farmers optimize fertilizer use. These technologies minimize wastage, increase nutrient absorption efficiency, and reduce production costs.

Artificial intelligence is playing a growing role as well. AI-based models support real-time decision-making on pest control, irrigation, and fertilizer timing. This ensures that crops receive exactly what they need at the right moment, improving yields and reducing environmental impact.

The use of drones for fertilizer spraying is expanding rapidly in Thailand’s commercial farming sector. Drones improve fertilizer coverage, reduce labor costs, and enhance safety for workers. Automated fertilizer spreaders, cloud-based farm management platforms, and digital recordkeeping are enabling farmers to track nutrient application more accurately. These trends align with Thailand’s push toward more sustainable, technology-enabled agriculture.

Increasing Awareness About Soil Health

Rising awareness surrounding soil health is shaping fertilizer choices across Thailand. Degraded soils, nutrient depletion, and declining productivity have encouraged a shift toward practices that enhance soil structure and microbiological activity. Farmers are increasingly adopting:

• Crop rotation
• Organic fertilization
• Biofertilizer use
• Conservation tillage
• Soil testing before application

Thailand’s Volunteer Soil Doctors Program, introduced by the Land Development Department, has been instrumental in educating farmers on organic matter recycling, proper nutrient application, and soil conservation. Its widespread implementation has significantly boosted understanding of soil conditions and the benefits of balanced fertilizer use.

Growing acceptance of the Bio-Circular-Green (BCG) Economy Model encourages reduced dependence on chemical fertilizers and promotes organic, bio-based alternatives. As a result, the demand for organic fertilizers, microorganisms, and eco-friendly inputs has been rising consistently. This shift is not only beneficial for the environment but also supports long-term agricultural resilience.

Strong Government Support

Government involvement is a major pillar supporting the Thailand fertilizer market. In June 2024, Thailand launched a co-payment program for more than 4 million rice farmers, helping them manage fertilizer costs. By using the Bank for Agriculture and Agricultural Cooperatives (BAAC) mobile application, farmers gain seamless access to financial assistance, improving affordability at a time of significant global price fluctuations.

The government has also worked with fertilizer suppliers to stabilize market prices and reduce volatility. Additionally, policies that encourage sustainable farming, soil conservation, and organic fertilizer development contribute to long-term sector growth.

Subsidies, soft loans, infrastructure improvements, and incentives for modern agricultural practices all enhance national productivity. These support measures do not just uplift farmer livelihoods—they also align with Thailand’s broader BCG model, helping the country move toward greener and more sustainable agriculture.

Challenges in the Thailand Fertilizer Market

Price Volatility

Thailand remains heavily dependent on imported raw materials for fertilizer production. As a result, global market trends strongly influence local prices. Fluctuations in energy prices, changes in currency exchange rates, and geopolitical conflicts—such as the Russia-Ukraine war—have contributed to uncertainties in supply chains and rising fertilizer prices.

For smallholder farmers, who make up a substantial part of Thailand’s agricultural workforce, these fluctuations place considerable strain on farm budgets. High fertilizer prices lead to reduced purchasing power, lower usage, and potential drops in crop yields. Market uncertainty also makes long-term planning challenging for farmers and agricultural suppliers.

To mitigate these issues, Thailand must continue pursuing diversified sourcing strategies, improved domestic production capacity, and stronger policy interventions aimed at stabilizing fertilizer prices.

Climate Variability

Climate change poses another significant challenge. Weather patterns influenced by El Niño, La Niña, and irregular monsoon rains disrupt crop cycles and alter fertilizer demand. Droughts, flooding, and inconsistent rainfall reduce the effectiveness of fertilizers because nutrients may be washed away, remain undissolved, or fail to penetrate dry soil.

Extreme climate events can also damage agricultural infrastructure, delay fertilizer distribution, and cause major crop losses. As a result, fertilizer demand becomes unpredictable, impacting market stability. Developing climate-resilient agriculture practices, drought-tolerant crop varieties, and weather-adaptive fertilizer programs will be crucial for supporting Thailand’s long-term food security.

Recent Developments in the Thailand Fertilizer Industry

• August 2024: Sojitz Corporation established Sojitz Kaset Dee X Co., Ltd. (KDX) as part of its broader agricultural platform expansion strategy in Thailand. Scheduled to launch services in late 2024, KDX aims to support cassava farmers by enhancing farming efficiency and sustainability. The initiative highlights growing private-sector interest in agricultural modernization and improved farmer income.

Thailand Fertilizer Market Segments

By Category

• Organic
• Inorganic

By Product Type

Nitrogen Fertilizers (N):
Ammonia, Ammonium Nitrate, Ammonium Phosphate, Ammonium Sulphate, Calcium Ammonium Nitrate, Potassium Nitrate, Urea, Urea Ammonium Nitrate, NK, NPK, NP, Others

Phosphate Fertilizers
Potash Fertilizers

By Microorganism

• Azospirillum
• Cyanobacteria
• Phosphate-Solubilizing Bacteria
• Azolla
• Aulosira
• Rhizobium
• Azotobacter
• Others

By Organic Residues

• Farm Yard Manure
• Crop Residue
• Green Manure
• Other Products

By Application

• Agriculture
• Horticulture
• Gardening
• Others

By Crop Type

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

By Form

• Dry
• Liquid

Key Players (4 Viewpoints: Company Overview, Key Persons, Recent Strategies, Sales Analysis)

• 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)

Conclusion

The Thailand Fertilizer Market is set for steady expansion through 2033, driven by rising agricultural demand, strong government support, digital transformation in farming, and growing awareness of soil health. As Thailand advances its Bio-Circular-Green (BCG) economic agenda, both organic and inorganic fertilizers will play crucial roles in improving productivity and ensuring sustainability. Despite challenges such as price volatility and climate variability, the market’s long-term outlook remains strong, with Thailand expected to reach US$ 1,732.51 million by 2033.

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