Top Key Players of the Thailand Sugarcane Market
- Vasu T
- Oct 3, 2018
- 2 min read
According to the new market research report by IndustryARC, titled “Thailand Sugarcane Market By Type (Crystallized Sugar and Non-Crystallized Sugar); By Product type (Raw, Refined, Brown and others); By End-user (Sweetener, Bakery Products, Confectionery, Beverages and others); & By Region – Forecast (2018 – 2023)”, the market will be driven by a rising demand for consumption of sugar in many parts of Thailand.
Overview of the Thailand Sugarcane Market
Sugarcane is an important crop in Thailand. Sugarcane is not only important for sugar production but also for energy production. The total sugarcane yield in this region is 94.7 million tons and the sugar production efficiency is 107.90 kg/ton of sugarcane. At present, 51 sugar factories are present in Thailand. The exporting countries of Thailand sugarcane gain advantage in the transportation cost. Bagasse and Molasses are the residues of sugar production. In 2016, the Thailand sugar factories left bagasse, which was around 30.68 million tons.
Selected Regulatory Analysis Done in the Thailand Sugarcane Market Report:
The fibre content of bagasse from sugarcane sticks in cellulose industries is used as pulp, paper, and cattlefeed. This substance is also used as a captive fuel in the sugar factor boiler for raising the steam to generate power and drive the prime movers. Molasses, which is sent out of the factory as a waste product, is a valuable raw material and is used for producing many value added products. The main products which can be produced are citric acid, ethyl alcohol, cattle feed, bakers yeast and lysine. The alcohol based chemicals such as acetic acid, acetone, styrene and synthetic rubber are produced from cane molasses.
Selected Driving Factors Mentioned in the Thailand Sugarcane Market Report:
• The increasing demand for consumption of sugar in many parts of Thailand is driving the growth of the sugarcane in Thailand.
• The government regulations play an important role in sugar trading. This factor enhances the demand for sugarcane in Thailand.
• The use of sugarcane as a source of biomass for biofuel will spur the demand for the Thai sugar industry.
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Key Players of the Thailand Sugarcane Market
The key players of the Thailand Sugarcane Market include Mitr Phoj Group, Thai Roong Ruang Group, TWang Kanai Group and Suphanburi Group. Mitr Phoj Group manufactures and exports sugar for customers in Europe. Thai Roong Ruang Group which is based in Phetchabun, Thailand operates a sugar factory. TWang Kanai Group provides raw sugar, white sugar and brown sugar to local and world markets.
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