The Vietnam fertilizer market was valued at $4.5billion in 2019, and is projected to reach $5.7 billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027. Fertilizer plays a major role in agriculture. It provides fundamental crop nutrients that help improve quality and yield of the crops. The basic nutrients necessary for the plant’s development are nitrogen, phosphate, and potassium. An appropriate balance of each of the nutrients is essential to increase their effectiveness.
The factors contributing toward the growth of the Vietnam fertilizer market includerise in demand for organic fertilizers, rigorous agriculture practices for improving the yield and quality of crops, and others. However, the factors such as the US-China trade war influence on Vietnam’s global trade and the export of agricultural products; negative effects of a worldwide economic slowdown in 2019, leading to the decrease in agricultural demand; extreme weather changes; and a sharp fall in prices of farm products, causing significant damage to the agricultural sector hampered the market growth in 2019 and are expected to restrain the market growth during the forecast period too. This affected fertilizer manufacturers and resulted in poor business performance and loss, and notable drops in stock market value compared to the previous period. On the contrary,rise intrend of organic agriculture and government support for the same booststhe demand for organic fertilizer, which is expected to propel the market growth during the forecast period. The market is segmented on the basis of type, form, application (crop type), nutrient content, and region. Depending on type, the market is categorized into organic and inorganic. By form, the market is bifurcated into dry and liquid. Various applications (crop type) studied in the market include crop-based and non-crop–based. On the basis of nutrient content, the market is divided into organic and inorganic. Region wise, the Vietnam fertilizer market is analyzed across Northern Vietnam, Central Vietnam, and Southern Vietnam.
Key Benefits for Stakeholders
Key Market Segments
By Type
By Form
By Application (Crop Type)
By Nutrient Content
By Region
Key Market Players
The factors contributing toward the growth of the Vietnam fertilizer market includerise in demand for organic fertilizers, rigorous agriculture practices for improving the yield and quality of crops, and others. However, the factors such as the US-China trade war influence on Vietnam’s global trade and the export of agricultural products; negative effects of a worldwide economic slowdown in 2019, leading to the decrease in agricultural demand; extreme weather changes; and a sharp fall in prices of farm products, causing significant damage to the agricultural sector hampered the market growth in 2019 and are expected to restrain the market growth during the forecast period too. This affected fertilizer manufacturers and resulted in poor business performance and loss, and notable drops in stock market value compared to the previous period. On the contrary,rise intrend of organic agriculture and government support for the same booststhe demand for organic fertilizer, which is expected to propel the market growth during the forecast period. The market is segmented on the basis of type, form, application (crop type), nutrient content, and region. Depending on type, the market is categorized into organic and inorganic. By form, the market is bifurcated into dry and liquid. Various applications (crop type) studied in the market include crop-based and non-crop–based. On the basis of nutrient content, the market is divided into organic and inorganic. Region wise, the Vietnam fertilizer market is analyzed across Northern Vietnam, Central Vietnam, and Southern Vietnam.
Key Benefits for Stakeholders
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2027, determining the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- The market size is provided in terms of volume and revenue.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Profiles of leading players operating in the market are provided to understand the competitivescenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth.
Key Market Segments
By Type
- Organic
- Pure Organic Fertilizers
- Microbiological Fertilizers
- Bio Organic Fertilizers
- Mineral Organic Fertilizers
- Inorganic
- Nitrogen
- Phosphorous
- Potassium
- NPK
By Form
- Organic
- Inorganic
By Application (Crop Type)
- Crop-Based
- Cereals &Grains
- Pulses &Oilseeds
- Fruits &Vegetables
- Non–Crop-Based
- Turf &Ornamentals
- Others
By Nutrient Content
- Organic
- Presence of Organic Substances is More Than 60%
- Presence of Organic Substances from 40% to 60%
- Presence of Organic Substances is from 20% to 40%
- Inorganic
- Presence of Inorganic Substances up to 60%
- Presence of Inorganic Substances from 40% to 60%
- Presence of Inorganic Substance from 20% to 40%
- Others
By Region
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
Key Market Players
- Agricultural Products and Materials Joint Stock Company
- Baconco
- DUC Giang Chemicals Group
- General Materials and Biochemical Fertilizer Joint Stock Company
- Japan Vietnam Fertilizer Company (JVF)
- SongGianhCorporation (SongGianh)
- Vietnam National Chemical Group (Vinachem)
- Vedan Vietnam Enterprise Corp.,Ltd.
- Vietnam Oil and Gas Group (PetroVietnam or PVN)
- Yara Vietnam
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Vietnam Fertilizermarket, by Type
Chapter 5: Vietnam Fertilizer Market, by Form
Chapter 6: Vietnam Fertilizermarket, by Application (Crop Type)
Chapter 7: Vietnam Fertilizer Market, by Nutrient Content
Chapter 8: Vietnam Fertilizer Market, by Region
Chapter 9: Competitive Landscape
Chapter 10: Company Profiles
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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