Vietnam Fertilizers Market By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, 2027

Vietnam fertilizers market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2023-2027, on the account of growing demand for increasing the crop production and enhance the yields of the crop fields. Growing instances of crop failure due to lack of nutrients in the soil and dwarfism in the plants & crops further aided the demand for high-end fertilizers and their application for the crops thereby driving the growth of the Vietnam fertilizers market in the upcoming five years. Demands for organic product that can support the growth of the crops as well as not affect the lands & environment also support the growth of the Vietnam fertilizers market in the next five years.

Fertilizers are the chemical compounds organic or synthetic that is applied over the crops or the crop lands to supply the nutrient to the crops and enhance its growth. The growth can be in terms of height of the crops, development of flowers & fruits of the plant, etc. Various types of fertilizers based on what nutrient they provide include, nitrogen fertilizers, inhibitor nitrogen fertilizers, phosphorus fertilizers, potassium fertilizers, calcium, magnesium, and sulphur fertilizers, micronutrient complex, etc. Some form of natural fertilizers that the farmers utilize include manure, slurry, worm castings, peat, seaweed and guano. 

Food Security Demands For Rising Population Promises Market Growth

Rapidly growing population of the country has raised the concern for food security among the population of the country. The factor is one of the most important factor driving the growth of the Vietnam fertilizers market in the upcoming five years. By the year 2021, Vietnamese population crossed 98.51 million. With growing birth rate in the country, the demands to provide food for all is increasing. In this case, higher yielding crops are a must.

With 43% of its population involved in agriculture, the production capacity is still less than 1/5^th of the total GDP of the country grossing about 12.36% only. Therefore, to stabilize the agricultural fields, increase the production of the Agri products, the demands for fertilizers are further increasing and driving the growth of the Vietnam fertilizers market in the next five years. Surge in the demands have also escalated the productions of fertilizers in the country such that the dependency on the imported products can be decreased.

Environment Friendly Product Demands Substantiates Market Growth

The farmers now are well aware of the harmful effects of the chemically infused fertilizers. The chemically infused products severely affect the soil quality, soil aging, nutritive content of the agricultural lands, and affects the animals grazing over fodder due to chemical accumulations. Moreover, the runoff chemical fertilizers also enter the water bodies and affects marine life. Bio-accumulation in the marine animals & plants further affects the human population.

Organic fertilizers and natural fertilizers are highly in demand that also aid the growth of the Vietnam fertilizers market in the future five years. The market players active in the industry are focusing their resources to find organic alternatives of the chemically infused products, along with enriching the soil with necessary nutrients and avoid degradation of the environment. The government is also promoting home-made organic fertilizers and their applications for home gardens, etc. that mildly affects the market growth. Easier applicability of the organic fertilizers also influences the farmer’s choice toward the product.

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Market Segmentation

The Vietnam fertilizers market segmentation is based on origin, form, mode of application, crop type, source, competitional landscape, and regional distribution. Based on origin, the market is further segmented into organic, synthetic, and bio-fertilizers. By form, the market is differentiated between liquid and solid form. Based on mode of application, the market is fragmented into foliar spraying, fertigation, sowing, broadcasting, spraying, drip method, and others. By crop type, the market is bifurcated into grains & cereals, pulses & oilseeds, commercial crops, fruits & vegetables, and other. Based on source, the market is divided between domestic and import. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, Southern region.  

Company Profile

Ninh Binh Phosphate Fertilizer JSC, Southern Fertilizer JSC, Petrovietnam Fertilizer and Chemicals Corporation, Lam Thao Fertilizers and Chemicals JSC, Binh Dien Fertilizer JSC (BFC), Ha Bac Nitrogen Fertilizers and Chemical Company, Que Lam Group, Agricultural Products and Materials JSC (APROMACO), Thien Sinh JSC, Can Tho Fertilizer & Chemical JSC, among others is a partial list of major market players of the companies responsible for the growth of Vietnam fertilizers market.

Report Scope:

In this report, Vietnam fertilizers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Fertilizers Market, By Type:
• Organic
• Synthetic
• Bio-fertilizers
• Vietnam Fertilizers Market, By Form:
• Liquid
• Solid
• Vietnam Fertilizers Market, By Mode of Application:
• Foliar Spraying
• Fertigation
• Sowing
• Broadcasting
• Spraying
• Drip Method
• Others
• Vietnam Fertilizers Market, By Crop Type:
• Grains & Cereals
• Pulses & Oilseeds
• Commercial Crops
• Fruits & Vegetables
• Other
• Vietnam Fertilizers Market, By Source:
• Domestic
• Import
• Vietnam Fertilizers Market, By Region:

o   Northern Region

o   Central Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Fertilizers market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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