In Southeast Asia, where agriculture serves as a lifeline for millions, Thailand’s agricultural output is projected to reach $30 billion by 2026, despite facing long-term productivity declines. With the region’s agricultural equipment market set to grow at a CAGR of 5.91%, technological advancements are becoming pivotal.

In response, Thailand is adopting sustainable agricultural practices, integrating IoT, AI, and big data to enhance yields, efficiency, and resilience. This technological shift is crucial for addressing labor shortages and boosting productivity while mitigating emissions. The Thai agricultural products market was valued at $41.4 billion in 2022, with a compound annual growth rate (CAGR) of 2.6% from 2017 to 2022.

The integration of technology could significantly enhance efficiency, sustainability, and profitability, with Thailand’s AI in agriculture market alone anticipated to expand to $110 million by 2029. A NASA study predicts that, without intervention, global maize production could decline by up to 24% as early as 2030. Implementing these technologies can mitigate losses; for instance, unharvested oil palm fruits in Malaysia resulted in losses of approximately $2.35 billion, highlighting the need for technological integration.

The 7th Annual Agriculture and Plantations in Bangkok serves as a critical platform for industry leaders to explore how cutting-edge technologies and innovative practices can future-proof plantations and estates. Join us to learn how these advancements can turn challenges into opportunities for growth and sustainability in the face of a changing climate.