Summary

Vietnam fertilizers market is projected to grow at a significant rate during the forecast period. The market growth can be attributed to the growing demand for increasing crop production and rising need to enhance the productivity of crops. Rising incidences of crop failures due to lack of nutrients and growing requirement of high-end fertilizers to prevent dwarfism in plants are some of the other factors contributing to the growth of Vietnam fertilizers market. Moreover, enhanced awareness towards sustainability and eco-conscious are contributing to the increasing adoption of fertilizers, which is expected to aid the growth of Vietnam fertilizers market in the next five years. Rapidly growing urban population and increasing risk of food security to feed the global population are some of the factors driving the growth of the Vietnam fertilizers market. With 43% of the Vietnamese population engaged in agricultural practices, the production capacity is still less than 1/5th of the country’s GDP. Thus, the government authorities are promoting the use of fertilizers to increase the production of Agri products and reduce dependency on the imported products, which is expected to boost the growth of Vietnam fertilizers market. Many market players are focusing on finding alternatives of chemically infused products to avoid degradation of the environment and the government is also promoting the application of home-made organic fertilizers and their applications, which is anticipated to drive the growth of the Vietnam fertilizers market.
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. The synthetic fertilizers segment is anticipated to dominate the Vietnam fertilizers market during the forecast period. However, the organic fertilizers segment is registering fast growth in the Vietnam fertilizers market due to rising environmental awareness and increased efforts towards reducing land degradation.
Leading players in the Vietnam fertilizers market are 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, etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze the historical growth in the market size of Vietnam fertilizers market from 2017 to 2021.
• To estimate and forecast the market size of Vietnam fertilizers market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast Vietnam fertilizers market based on origin, form, mode of application, crop type, source, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Vietnam fertilizers market.
• To identify drivers and challenges for Vietnam fertilizers market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam fertilizers market.
• To identify and analyze the profile of leading players operating in Vietnam fertilizers market.
• To identify key sustainable strategies adopted by market players in Vietnam fertilizers market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Vietnam fertilizers market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Fertilizer manufacturers, end users, and other stakeholders
• Distributors and suppliers of the products and other stakeholders
• Organizations, forums, and alliances related to fertilizers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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 Origin:
o Organic
o Synthetic
o Bio-fertilizers
• Vietnam Fertilizers Market, By Form:
o Liquid
o Solid
• Vietnam Fertilizers Market, By Mode of Application:
o Foliar Spraying
o Fertigation
o Sowing
o Broadcasting
o Spraying
o Drip Method
o Others
• Vietnam Fertilizers Market, By Crop Type:
o Grains & Cereals
o Pulses & Oilseeds
o Commercial Crops
o Fruits & Vegetables
o Other
• Vietnam Fertilizers Market, By Source:
o Domestic
o 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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