Vietnam Pesticides Market to Grow With Impressive CAGR Through 2027
Increasing
investment in agricultural industry is driving the growth of the Vietnam Pesticides
Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam
Pesticides
Market - By
Region, Competition Forecast & Opportunities, 2027”. Vietnam
pesticides market
has shown promising growth in historical years until 2021 and is expected to
continue its growth in forecast years 2023 to 2027. Vietnam pesticides market
owes its growth to the factors like surging demands for the higher yields of
the food crops. Increasing demand for food security due to growing population
of the country further drives the growth of the Vietnam pesticides market in
the upcoming five years. Moreover, due to harsh impacts of COVID-19, there is
an inclination toward sustainability and environmental solutions such as
biologicals for advancing the crop productions that supports the growth of the
Vietnam pesticides market in the next five years. Concerns like declining
arable land, need for augmented agricultural productivity, increasing new pests
& insect populations destroying the forest as well as the agricultural
lands in the country influences the growth in the demands of pesticides and
thereby substantiates the growth of the Vietnam pesticides market in the future
five years.
Rising awareness
among the citizen regarding excessive usage of chemically infused fertilizers
has increased the demands for biological & organic products. Chemically
infused pesticides affect the agricultural lands and nearby water bodies
drastically. Ill-effects of chemically infused pesticides include rain
run-offs, water-bodies pollution, soil quality degradation, depletion of soil
nutrients, marine deaths, and health issue concerns for human population. The
common population is actively demanding healthier alternatives, and organic
food products that aids advancements in the pesticides, thereby aiding the
growth of the Vietnam pesticides market in the forecast years through 2027.
Browse over XX market data Figures
spread through 70 Pages and an
in-depth TOC on "Vietnam Pesticides Market"
https://www.techsciresearch.com/report/vietnam-pesticides-market/9350.html
The Vietnam
pesticides market segmentation is based on type, form, product type, crop type,
source, competitional landscape, and regional distribution. Based on type, the
market is further segmented into herbicides, insecticides, fungicides, and
others. Herbicides have active ingredients such as glyphosate, dicamba, 2,4-D,
and others. Insecticides have active ingredients like dimethoate, cypermethrin,
lambda-cyhalothrin, and others. Fungicides have active ingredients like
propiconazole, epoxiconazole, tebuconazole, and others.
By form, the
market is differentiated between liquid and dry form. Dry form may hold the
largest revenue shares of the market and dominate the market segment in the
upcoming five years on account of feasibility of the dry forms of pesticides if
easily soluble in water can be applied with convenience. Moreover, dry forms of
the pesticides have longer shelf life, thus helping the small farmers in
managing their investments in the crops. Liquid form may also hold significant
shares due to ease of applications of the liquid form. Easy sprayable products
are flooding the market and aiding the market growth.
Based on product
type, the market is distinguished between chemicals and organic. Organic
product may rapidly grow and register fastest growing CAGR due to increasing
demands from the farmers, concerned toward degrading soil & agricultural
land properties.
By crop type,
the market is bifurcated into oilseeds & pulses, grains & cereals,
fruits & vegetables, and others. Based on source, the market is divided
between domestic and import.
A partial list
of major market players of the Vietnam Pesticides market includes :
·
Pesticides Joint Stock Company Vietnam (VIPESCO)
·
Can Tho Fertilizer & Chemical Joint Stock Company
·
Baconco Vietnam Co., Ltd.
·
Isagro Vietnam Co. Ltd.
·
BASF Vietnam Company Limited
·
Vietnam Fumigation Joint Stock Company
·
Phu Nong Co., Ltd
·
UPL Vietnam Co., Ltd.
·
Bayer Vietnam
·
Syngenta Vietnam Ltd.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=9350
Customers
can also request for 10% free customization on this report.
“Vietnam forestry & agricultural sector has expanded rapidly in last
decade. With government efforts to regreen the country due national policies
and targets for afforestation and rehabilitating the forests further added to
the evolving greenery in the country. With agricultural growth, pests and
disease threat to the agriculture land & forests are major concerns.
Growing instances of pest infections & diseases in plant due to evolving
new pests & diseases that are resistant to the traditional crop protection
products and methods further aid the demands for advanced and evolved
pesticides that drives the Vietnam pesticides market in the future. Moreover, the
total number of new or emerging insect & pest species and pathogens
increased from 2 in 2011 to 17 in 2020. New market players may focus on the
product and understanding the demand of the forest lands & agricultural
lands. By improving nursery hygiene adopting silvicultural practices that
reduce physical damage to trees, selecting resistant genotypes, and strengthening
national biosecurity along with the product development that the new market
entrants can explore to establish their brands. Government provided fundings
would also support the market growth,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Vietnam
Pesticides Market By Type (Herbicides {Glyphosate, Dicamba, 2,4-D, Others},
Insecticides {Dimethoate, Cypermethrin, Lambda-Cyhalothrin, Others}, Fungicides
{Propiconazole, Epoxiconazole, Tebuconazole, Others}, Others), By Form (Liquid
v/s Dry), By Product Type (Chemical v/s Organic), By Crop Type (Oilseeds &
Pulses, Grains & Cereals, Fruits & Vegetables, Others), By Source
(Domestic v/s Import), By Region, Competition Forecast & Opportunities,
2027” has
evaluated the future growth potential of Vietnam Pesticides market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in Vietnam Pesticides market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web:
https://www.techsciresearch.com