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

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 1/5^th 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.

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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.

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:
• Liquid
• Dry
• Vietnam Pesticides Market, By Product Type:
• Chemical
• Organic
• Vietnam Pesticides Market, By Crop Type:
• Oilseeds & Pulses
• Grains & Cereals
• Fruits & Vegetables
• Others
• Vietnam Pesticides Market, By Source:
• Domestic
• Import
• 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).

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