Vietnam Fertilizers Market

Vietnam Fertilizers Market Overview:

Vietnam fertilizers market size reached USD 729.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,042.5 Million by 2033, exhibiting a growth rate (CAGR) of 4.05% during 2025-2033. The rising agricultural sector, rapid population growth and food security, shift toward commercial agriculture, crop diversification across the region, constantly increasing environmental concerns, and numerous export opportunities represent some of the key factors driving the market.

With stronger interest in the market and growing consumption needs, fertilizer usage is expected to rise significantly

• The fertilizers market in Vietnam is projected to exhibit a CAGR of 4.05% during the forecast period. This projected increase is largely fueled by the expanding appeal of Asian food, heightened focus on nutritious diets, and supportive weather patterns that encourage agricultural activity.
• On the basis of type, the market is segmented into complex and straight [micronutrients (boron, copper, iron, manganese, molybdenum, zinc, and others), nitrogenous (urea and others), phosphatic (DAP, MAP, SSP, TSP, and others), potassic (MoP, SoP, and others), secondary macronutrients (calcium, magnesium, and sulfur)].
• On the basis of form, the market is segmented into conventional and specialty (CRF, liquid fertilizer, SRF, water and soluble).
• On the basis of application, the market is segmented into fertigation, foliar, and soil.
• On the basis of crop type, the market is segmented into field crops, horticultural crops, and turf and ornamental.
• On the basis of region, , the market is segmented into Northern Vietnam, Central Vietnam, and Southern Vietnam.

Fertilizers are essential agricultural inputs designed to enhance soil fertility and promote plant growth. These substances contain vital nutrients that plants require for their development. The primary nutrients found in fertilizers are nitrogen (N), phosphorus (P), and potassium (K), often referred to as NPK. Nitrogen aids in leafy green growth and overall plant vigor, phosphorus supports root development and flowering, while potassium contributes to disease resistance and fruit quality. Fertilizers come in various forms, including granular, liquid, and organic. Granular fertilizers are typically applied to the soil surface and require water to dissolve and release nutrients gradually. Liquid fertilizers are quickly absorbed and can be applied directly to plant foliage, making them efficient for rapid nutrient uptake. Organic fertilizers are derived from natural sources, such as compost, manure, or bone meal, and provide a slow-release nutrient supply while improving soil structure. Fertilizers are classified into two main categories, namely synthetic or chemical and organic fertilizers. Synthetic fertilizers are manufactured through industrial processes and provide precise nutrient content. They are often favored for their efficiency in delivering nutrients to crops. Organic fertilizers, on the other hand, are derived from natural sources and contain a variety of organic matter, making them valuable for improving soil structure and long-term fertility. They release nutrients slowly as they decompose, contributing to sustainable farming practices.

Vietnam Fertilizers Market Trends:

Agricultural Shift Boosting Fertilizer Demand

Vietnam has a predominantly agrarian economy, with a large portion of its population engaged in agriculture. The growth of the agricultural sector is a primary driver of the Vietnam fertilizer market. Farmers in Vietnam rely on fertilizers to improve crop yields and maintain soil fertility, leading to a consistent demand for these products. Additionally, as the population of Vietnam continues to grow, there is an increasing need to produce more food to meet the demands of a larger populace. Fertilizers play a crucial role in enhancing crop productivity, which is vital for ensuring food security in the country. Other than this, the region is experiencing a shift from subsistence farming to commercial agriculture. This transition involves the adoption of modern farming practices and technology, including the use of fertilizers to optimize crop production, thus driving higher fertilizer consumption. Besides this, Vietnam is diversifying its crop portfolio beyond traditional staples like rice to include cash crops like coffee, rubber, and cashews. Different crops have varying nutrient requirements, and this diversification necessitates the use of a broader range of fertilizers, boosting market demand. In line with this, there is an increasing awareness about the environmental impact of agricultural practices, including fertilizer use. This has led to a growing interest in environment-friendly and sustainable fertilizers. Manufacturers are responding to this demand with eco-friendly fertilizer options. Furthermore, the Government of Vietnam has been actively promoting and supporting modern agriculture. Various policies and subsidies are in place to encourage farmers to use fertilizers and other agricultural inputs. Government initiatives are pivotal in driving fertilizer market growth. Moreover, technological advancements, such as innovations in fertilizer production, such as controlled-release fertilizers and custom nutrient blends, are gaining popularity as they improve nutrient efficiency and reduce environmental impact. Organizations like the fertilizer association of Vietnam play a crucial role in supporting these efforts by facilitating industry collaboration, sharing technical knowledge, and aligning local practices with international standards.

Reduction in Arable Land per Capita Due to Urbanization

Rapid urbanization in Vietnam has resulted in progressively diminishing farmland per capita. With the growth of cities and industrial estates, agricultural areas are being converted or fragmented, restricting land area for traditional agriculture. Such a trend is forcing farmers to maintain higher crop yields from limited areas, relying increasingly on high-efficiency fertilizer products. With diminishing arable land, it is increasingly important to optimize the use of nutrients to ensure food security and crop quality. In response, the use of complex fertilizers is becoming more common, as they offer balanced nutrient combinations that support higher yields and improved soil health on limited farming areas. Fertilizer consumption in Vietnam will increase as farmers aim to increase yield per hectare and respond to evolving land use patterns. Moreover, the Vietnamese government's encouragement towards sustainable intensification practices further fuel the uptake of fertilizers designed for smaller-scale high-output farming. As rural people relocate to urban areas, agricultural productivity needs to catch up with the trend, further strengthening the demand for scientifically designed inputs. This decline of arable land per capita is not merely a population change—it is one of the major drivers of markets to innovate on fertilizers and delivery. Suppliers are concentrating more on convenient packaging, effective target formulations, and logistical networks designed for smaller, fragmented farms.

Controlled-Release Fertilizers and Custom Nutrient Blends

The rising need for efficiency in nutrient management is accelerating the adoption of controlled-release fertilizers (CRFs) and customized blends across Vietnam’s agricultural sector. CRFs are designed to release nutrients gradually over time, aligning with the crop’s growth stages and reducing losses due to leaching or runoff—an important advantage in regions with heavy rainfall or porous soils. These formulations help farmers reduce application frequency, labor costs, and environmental impact. Additionally, custom nutrient blends tailored to specific soil types and crop requirements are gaining popularity, especially in high-value crop production. Vietnamese growers are increasingly aware of the limitations of one-size-fits-all fertilizers and are opting for solutions that improve yield quality and minimize waste. Technological advancements and government-backed agricultural modernization programs are also contributing to the wider availability of these products in local markets. As Vietnam focuses on increasing productivity while addressing environmental sustainability, demand for precision-formulated fertilizers is growing. This trend is expected to shape future investments in the fertilizer industry, with a strong emphasis on research, localized production, and region-specific nutrient solutions. Additionally, the rising interest in Vietnam organic fertilizer reflects a shift toward sustainable inputs that improve soil health, reduce chemical dependency, and align with environmentally friendly farming practices.

Increased Adoption of Organic and Bio-Based Fertilizers

Vietnam’s fertilizer market is experiencing growing interest in organic and bio-based alternatives, driven by rising consumer demand for chemical-free food and sustainable farming practices. With global trends favoring environmentally responsible agriculture, Vietnamese producers are responding by shifting toward inputs that support soil health and reduce synthetic dependency. Organic fertilizers—derived from compost, animal waste, and plant residues—are becoming more accessible, especially in regions where traditional methods are being revived alongside modern organic certification programs. Bio-based fertilizers, which incorporate microorganisms to enhance nutrient availability, are also gaining traction, particularly among smallholders seeking affordable and natural soil amendments. Government initiatives encouraging ecological farming practices, coupled with education campaigns about long-term soil preservation, are creating favorable conditions for this shift. Moreover, Vietnam’s increasing participation in international agricultural trade is pushing producers to meet stringent export standards, many of which favor organically grown produce. As awareness of environmental degradation caused by overuse of chemical fertilizers spreads, more Vietnamese farmers are adopting bio-based options to preserve soil fertility, improve crop resilience, and align with global sustainability expectations. In this context, the use of Vietnam specialty fertilizer is also rising, offering tailored nutrient solutions that support specific crop needs and sustainable farming outcomes.

Precision Agriculture Techniques

Precision agriculture is emerging as a critical driver in the modernization of Vietnam’s fertilizer market. This approach uses data-driven tools—such as satellite imaging, GPS-guided equipment, and soil sensors—to optimize fertilizer use by targeting application based on real-time field conditions. The integration of agrochemicals with precision technology enhances input efficiency, reduces waste, and ensures that nutrients are applied accurately, contributing to both higher yields and reduced environmental impact. As Vietnam seeks to improve agricultural efficiency and reduce environmental impact, precision farming offers a way to apply fertilizers more accurately, minimizing waste and maximizing crop output. Adoption of these technologies is being supported by government subsidies, agri-tech partnerships, and increased training for farmers on digital farming methods. In rice production areas, for instance, variable rate technology allows for better nitrogen management, reducing runoff and improving yield stability. With labor shortages and cost pressures affecting rural farming, the appeal of automation and precision tools is rising, particularly among large-scale operations and cooperatives. This transformation is reshaping how fertilizer is selected, purchased, and applied, leading to higher demand for products compatible with precision application systems. As digital farming becomes more accessible, Vietnam’s fertilizer industry is expected to evolve alongside it, prioritizing accuracy, efficiency, and environmental stewardship.

Vietnam Fertilizers Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, form, application mode and crop type.

Type Insights:

• Complex
• Straight 
  • Micronutrients
    • Boron
    • Copper
    • Iron
    • Manganese
    • Molybdenum
    • Zinc
    • Others
  • Nitrogenous
    • Urea
    • Others
  • Phosphatic
    • DAP
    • MAP
    • SSP
    • TSP
    • Others
  • Potassic
    • MoP
    • SoP
    • Others
  • Secondary Macronutrients
    • Calcium
    • Magnesium
    • Sulfur

The report has provided a detailed breakup and analysis of the market based on the type. This includes complex and straight [micronutrients (boron, copper, iron, manganese, molybdenum, zinc, and others), nitrogenous (urea and others), phosphatic (DAP, MAP, SSP, TSP, and others), potassic (MoP, SoP, and others), secondary macronutrients (calcium, magnesium, and sulfur)].

Form Insights:

• Conventional
• Specialty
  • CRF
  • Liquid Fertilizer
  • SRF
  • Water Soluble

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes conventional and specialty (CRF, liquid fertilizer, SRF, water and soluble).

Application Mode Insights:

• Fertigation
• Foliar
• Soil

The report has provided a detailed breakup and analysis of the market based on the application mode. This includes fertigation, foliar, and soil.

Crop Type Insights:

• Field Crops
• Horticultural Crops
• Turf and Ornamental

A detailed breakup and analysis of the market based on the crop type have also been provided in the report. This includes field crops, horticultural crops, and turf and ornamental.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Fertilizers Market Recent News:

• December 2024, Yara introduced YaraSuna organic fertilizers in Vietnam, distributing over 1,000 metric tons since late 2023. The launch supported soil health improvement, nutrient recycling, and crop resilience, accelerating demand for organic fertilizers and advancing sustainable practices in Vietnam's growing fertilizer market.
• October 2024, Bayer launched the Better Life Farming Alliance in Vietnam to support durian and coffee farmers with advanced practices, including precise fertilization. This initiative boosted demand for specialized fertilizers, promoting sustainable agriculture and enhancing fertilizer market growth through improved crop productivity and soil management.
• October 2024, Vinhthinh Biostadt signed a strategic cooperation agreement with UPL Vietnam to enhance fertilizer and pesticide offerings. The partnership introduced advanced NPK fertilizers with growth regulators, improving efficiency and lowering production costs, thereby strengthening Vietnam’s fertilizer market through innovation and collaboration.

Vietnam Fertilizers Market Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam fertilizers market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam fertilizers market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam fertilizers industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.