Myanmar Agricultural Product Market Outlook | Growth, Share, Revenue, Size, Companies, Forecast, Analysis, COVID-19 IMPACT, Industry, Trends & Value

Myanmar Agricultural Product Market Synopsis

The Myanmar agricultural sector is the backbone of the country`s economy, accounting for about 25% of its GDP and employing over 60% of the population. It has been rapidly modernizing, with substantial investments in infrastructure such as rural roads, irrigation systems and electricity grids. This has enabled farmers to increase their yields and productivity, while also providing access to new markets and valuable export opportunities.

Drivers of the Market

Improved Infrastructure: The government???s investment in infrastructure development has opened up new markets for Myanmar???s agricultural products by connecting them to global supply chains. This will drive growth in both domestic consumption as well as exports. Subsidies & Support Programs: The government is providing financial subsidies to smallholder farmers across various crops, including rice production. These support programs are helping farmers increase yields while reducing costs associated with inputs such as seeds and fertilizers. Labour Mobility: Rural-urban migration has increased significantly over the past few years due to improved access to education and job opportunities in urban areas. As a result, labour availability within rural areas has become increasingly scarce which could lead to higher wages being offered for farm workers by large-scale producers leading towards larger crop output potentials from these farms.

Challenges of the Market

Poor Soil Quality: Poor soil quality due to inadequate nutrient management practices has resulted in low yields despite improvement initiatives taken by local farmers or external agencies like NGOs etc. Moreover, this leads into heavy usage of chemical fertilizers thereby increasing cost incurred on inputs resulting into lower profit margins . Low Productivity Levels: Despite government`s efforts on improving infrastructural facilities, technological advancements are still lagging behind resulting into low productivity levels when compared against other regional countries like Vietnam, Thailand etc. Additionally, the lack of adequate mechanization further adds onto this problem.

Key Players of the Market

A wave of private investors have entered Myanmar???s agriculture market with many major companies investing heavily towards betterment of traditional farming methods through technology enhancement . Notable names include KT Group who recently acquired Myanma Agribusiness Public Corporation (MAPCO) from Government owned Union Enterprise Ltd., GECF International Coating Pvt Ltd who specialize in developing innovative soil treatments solutions etc . There are numerous other players operating specific product segments like dairy industry where Yoma Strategic Holdings Pte Ltd dominates amongst others.

Covid-19 Impact on the Market

The COVID-19 pandemic has had a major impact on Myanmar`s agricultural sector due to the disruption in supply chains, labor shortages, and disrupted markets. As a result of these disruptions, food prices have risen significantly and access to essential commodities has become limited. Agricultural production has been severely affected by travel restrictions, reduced consumer demand, and lack of access to inputs for farmers. The country???s reliance on imports for many products is further exacerbating the problem as imported goods are more expensive than domestic produce. Additionally, the closure of export markets such as China due to COVID-19 is causing issues with marketing agricultural products abroad.

Key Highlights of the Report:

• Myanmar Agricultural Product Market Outlook
• Market Size of Myanmar Agricultural Product Market, 2021
• Forecast of Myanmar Agricultural Product Market, 2028
• Historical Data and Forecast of Myanmar Agricultural Product Revenues & Volume for the Period 2018 - 2028
• Myanmar Agricultural Product Market Trend Evolution
• Myanmar Agricultural Product Market Drivers and Challenges
• Myanmar Agricultural Product Price Trends
• Myanmar Agricultural Product Porter's Five Forces
• Myanmar Agricultural Product Industry Life Cycle
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Food for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Fiber for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Fuel for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Raw Material for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Direct Consumption for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Food & Fabrics for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Construction & Paper Products for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Industry Vertical for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Food & Nutrition for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Sustainable Agribusiness for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Production & Harvesting for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Agribusiness Technological Inputs for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Agricultural Product Market Revenues & Volume By Others for the Period 2018 - 2028
• Myanmar Agricultural Product Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Industry Vertical
• Myanmar Agricultural Product Top Companies Market Share
• Myanmar Agricultural Product Competitive Benchmarking By Technical and Operational Parameters
• Myanmar Agricultural Product Company Profiles
• Myanmar Agricultural Product Key Strategic Recommendations