Vietnam pesticides market is
bound to experience impressive growth with anticipated CAGR in the forecast
period, 2023-2027, on the account of increasing demands for crop protection.
Instances of crop failures due to pest infections and demand for agricultural
products that can protect the crops further drive the growth of the Vietnam
pesticides market in the upcoming five years. Demands for organic product that
can protect the crops as well as not affect the lands & environment also
support the growth of the Vietnam pesticides market in the next five years.
Pesticides are the chemical
compounds that are utilized to kill the pests or control the reproduction of
various kinds of pests to protect the agricultural crops and livestock. The
pests once attack the farms can damage the quality, quantity of the crop yields
and thus reduce the farm productivity. The damage is often bear by the farmers
and creates scarcity of food as well as affecting the farmer’s financials.
Fungi, insects, unwanted herbs are the pests that need removals to save the
crops.
Food Security Demands For
Rising Population Promises Market Growth
Increasing population of the
country and growing demands for the food security for all is actively driving
the growth of the Vietnam pesticide market in the upcoming five years. Food
scarcity is a global issue. 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 less than 1/5th
of the total GDP of the country grossing about 18% only. Therefore, to
stabilize the agricultural fields, increase the production of the Agri products,
the demands for pesticides are further increasing and driving the growth of the
Vietnam pesticide market in the next five years. Surge in the demands have also
escalated the productions of pesticides in the country such that the dependency
on the imported products can be decreased. Insecticide production in the
country in 2020 was 169.4 thousand metric tons.
Environment Friendly Product
Demands Substantiates Market Growth
The farmers now are well
aware of the harmful effects of the chemically infused crop protection products
like insecticides, fungicides, herbicides etc. 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 pesticides also enter the water
bodies and affects marine life. Bio-accumulation in the marine animals &
plants further affects the human population.
Organic pesticides like
bio-herbicides, organic insecticides, etc. are further flooding the market. 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 pesticides and their
applications for home gardens, etc. that mildly affects the market growth.
Easier applicability of the organic pesticides also influences the farmer’s
choice toward the product.

Download Free Sample Report
Market Segmentation
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. Based on product type, the market is distinguished
between chemicals and organic. 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. The market
analysis also studies the regional segmentation to devise regional market
segmentation, divided among Northern region, Central region, Southern region.
Company Profile
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., among others is a
partial list of major market players of the companies responsible for the
growth of Vietnam pesticides market.
Attribute
|
Details
|
Base Year
|
2021
|
Historical Data
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
·
Type
·
Form
·
Product Type
·
Crop Type
·
Source
|
Regional scope
|
Northern & Central region, Southern region, Eastern region,
Western region.
|
Key companies profiled
|
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.
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Vietnam pesticides market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Vietnam Pesticides Market, By Type:
- Herbicides
- Glyphosate
- Dicamba
- 2,4-D
- Others
- Insecticides
- Dimethoate
- Cypermethrin
- Lambda-Cyhalothrin
- Others
- Fungicides
- Propiconazole
- Epoxiconazole
- Tebuconazole
- Others
- Others
- Vietnam Pesticides Market, By Form:
- Vietnam Pesticides Market, By Product
Type:
- Vietnam Pesticides Market, By Crop
Type:
- Oilseeds & Pulses
- Grains & Cereals
- Fruits & Vegetables
- Others
- Vietnam Pesticides Market, By Source:
- Vietnam Pesticides 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 Pesticides 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).
Vietnam Pesticides Market is an upcoming report to be released soon. If
you wish an early delivery of this report or want to confirm the date of
release, please contact us at sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com