Vietnam Fertilizers Market Report by Type (Complex, Straight), Form (Conventional, Specialty), Application Mode (Fertigation, Foliar, Soil), Crop Type (Field Crops, Horticultural Crops, Turf and Ornamental), and Region 2024-2032

Vietnam Fertilizers Market Report by Type (Complex, Straight), Form (Conventional, Specialty), Application Mode (Fertigation, Foliar, Soil), Crop Type (Field Crops, Horticultural Crops, Turf and Ornamental), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A18735
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Market Overview:

Vietnam fertilizers market size is projected to exhibit a growth rate (CAGR) of 4.22% during 2024-2032. 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.

Report Attribute
Key Statistics
Base Year
Forecast Years
Historical Years
Market Growth Rate (2024-2032) 4.22%

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:

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 fertilizers 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.

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 2024-2032. Our report has categorized the market based on type, form, application mode and crop type.

Type Insights:

vietnam fertilizers market Report

  • 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:

vietnam fertilizers market Report

  • 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 Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Type
  • Form
  • Application Mode
  • Crop Type
  • Region
Types Covered
  • Complex
  • Straight: Micronutrients, Nitrogenous, Phosphatic, Potassic, Secondary Macronutrients
Forms Covered
  • Conventional
  • Specialty: CRF, Liquid Fertilizer, SRF, Water Soluble
Application Modes Covered Fertigation, Foliar, Soil
Crop Types Covered Field Crops, Horticultural Crops, Turf and Ornamental
Regions Covered Northern Vietnam, Central Vietnam, Southern Vietnam
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the Vietnam fertilizers market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Vietnam fertilizers market?
  • What is the breakup of the Vietnam fertilizers market on the basis of type?
  • What is the breakup of the Vietnam fertilizers market on the basis of form?
  • What is the breakup of the Vietnam fertilizers market on the basis of application mode?
  • What is the breakup of the Vietnam fertilizers market on the basis of crop type?
  • What are the various stages in the value chain of the Vietnam fertilizers market? 
  • What are the key driving factors and challenges in the Vietnam fertilizers?
  • What is the structure of the Vietnam fertilizers market and who are the key players?
  • What is the degree of competition in the Vietnam fertilizers market? 

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 2018-2032.
  • 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.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Vietnam Fertilizers Market Report by Type (Complex, Straight), Form (Conventional, Specialty), Application Mode (Fertigation, Foliar, Soil), Crop Type (Field Crops, Horticultural Crops, Turf and Ornamental), and Region 2024-2032
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