Fertilizers Market

Vietnam Fertilizers Market by Product Types (Synthetic Fertilizers [Nitrogenous Fertilizers, Phosphatic Fertilizers, Potash Fertilizers, and Others] and Organic Fertilizers [Organic Residues, and Biofertilizers]), Crop Types (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3086
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 174
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The Vietnam fertilizers market size is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for food and increasing export of grains and cereals.


Vietnam Fertilizers Market key takeaways

Fertilizer is a chemical substance used for increasing the crop productivity, soil fertility, texture, and water retention capacity of the soil. The fertilizers contain various nutrients that are required for the plants such as nitrogen, iron, phosphorous, and potassium.

The agriculture sector is one of the prominent contributors of Vietnam’s global economy. However, during the COVID-19 pandemic the implementation of various restrictions on production and supply chain, negatively impacted the market growth. Nevertheless, the relaxation in restrictions due to the acceleration in vaccination drive is stimulating the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing population and urbanization is anticipated to drive the market growth during the forecast period.
  • Rising demand for agricultural commodities is projected to boost the market growth in the coming years.
  • High efficiency of fertilizers is estimated to spur the market growth in the projected timeline.
  • Lack of skilled labor to handle fertilizers can act as a major challenge for the market growth during the forecast period.
  • Growing government efforts to boost the agricultural sector can positively influence the market growth.
  • Rapid growth of the organic fertilizer industry can create lucrative opportunities for the industry players in the projected timeline.
  • Ongoing advancements in the development of fertilizers in Vietnam can create lucrative opportunities during the forecast period.

Scope of the Report

The report on the Vietnam fertilizers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fertilizers Market - Vietnam Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Synthetic Fertilizers [Nitrogenous Fertilizers, Phosphatic Fertilizers, Potash Fertilizers, and Others] and Organic Fertilizers [Organic Residues, and Biofertilizers]) and Crop Types (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Others)

Country

Vietnam

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Binh Dein Fertilizer JSC (BFC); Southern Fertilizer JSC; Ninh Binh Phosphate Fertilizer JSC; PetroVietnam Fertilizer and Chemical Corp.; and Habac Nitrogenous Fertilizer and Chemicals Company Limited

 

Vietnam Fertilizers Market Segment Insights

Synthetic fertilizers segment to hold a significant market share

Based on product types, the market is divided into synthetic fertilizers and organic fertilizers. the synthetic fertilizers segment is further divided into nitrogenous fertilizers, phosphatic fertilizers, potash fertilizers, and others. The organic fertilizers segment is bifurcated into organic residues and biofertilizer. The organic fertilizers segment is anticipated to hold a key share of the market in the coming years due to increasing demand for organic fertilizer from farmers as it is environmentally friendly and provide adequate nutrient to the soil & plants. On the other hand, the synthetic fertilizers segment is anticipated to expand at a rapid pace during the forecast period owing to increasing demand for solutions to increase the crop yield.

Pulses and oilseeds segment is anticipated to hold a large market share

On the basis of crop types, the Vietnam fertilizers market is segmented into grains and cereals, pulses and oilseeds, fruits and vegetables and, others. The grains and cereals segment is projected to constitute a major market share during the forecast period due to rich source of nutrients and bulk fiber. However, the fruits and vegetables segment is expected to grow at a robust rate due to increasing health consciousness among consumers.


Vietnam Fertilizers Market by crop types

Segments

Segments Covered in the Report
The Vietnam fertilizers market has been segmented on the basis

Product Types

  • Synthetic Fertilizers
    • Nitrogenous Fertilizers
    • Phosphatic Fertilizers
    • Potash Fertilizers
    • Others
  • Organic Fertilizers
    • Organic Residues
    • Biofertilizers
Crop Types
  • Grains and Cereals
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Others
Country
  • Vietnam
Key Players
  • Binh Dein Fertilizer JSC (BFC)
  • Southern Fertilizer JSC
  • Ninh Binh Phosphate Fertilizer
  • PetroVietnam Fertilizer and Chemical Corp.
  • Habac Nitrogenous Fertilizer and Chemicals Company Limited

Competitive Landscape

Key players competing in the Vietnam fertilizers market includes Binh Dein Fertilizer JSC (BFC); Southern Fertilizer JSC; Ninh Binh Phosphate Fertilizer JSC; PetroVietnam Fertilizer and Chemical Corp.; and Habac Nitrogenous Fertilizer and Chemicals Company Limited.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

In 2016, PetroVietnam Fertilizer and Chemical Corp. signed a memorandum of agreement (MOU) with Solvay Novecare, a Belgium-based chemical company, to introduce innovative and eco-friendly fertilizers to increase crop yield while decreasing nitrogen losses in the air, soil, and water.

Vietnam Fertilizers Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fertilizers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fertilizers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fertilizers Market - Supply Chain
  4.5. Global Fertilizers Market Forecast
     4.5.1. Fertilizers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fertilizers Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fertilizers Market Absolute $ Opportunity
5. Global Fertilizers Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Fertilizers Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Fertilizers Demand Share Forecast, 2019-2026
6. North America Fertilizers Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Fertilizers Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Fertilizers Demand Share Forecast, 2019-2026
7. Latin America Fertilizers Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Fertilizers Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Fertilizers Demand Share Forecast, 2019-2026
8. Europe Fertilizers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Fertilizers Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Fertilizers Demand Share Forecast, 2019-2026
9. Asia Pacific Fertilizers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Fertilizers Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Fertilizers Demand Share Forecast, 2019-2026
10. Middle East & Africa Fertilizers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Fertilizers Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Fertilizers Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Fertilizers Market: Market Share Analysis
  11.2. Fertilizers Distributors and Customers
  11.3. Fertilizers Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Binh Dein Fertilizer JSC (BFC)
     11.4.2. Southern Fertilizer JSC
     11.4.3. Ninh Binh Phosphate Fertilizer
     11.4.4. PetroVietnam Fertilizer and Chemical Corp.
     11.4.5. Habac Nitrogenous Fertilizer and Chemicals Company Limited

Segments Covered in the Report
The Vietnam fertilizers market has been segmented on the basis

Product Types

  • Synthetic Fertilizers
    • Nitrogenous Fertilizers
    • Phosphatic Fertilizers
    • Potash Fertilizers
    • Others
  • Organic Fertilizers
    • Organic Residues
    • Biofertilizers
Crop Types
  • Grains and Cereals
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Others
Country
  • Vietnam
Key Players
  • Binh Dein Fertilizer JSC (BFC)
  • Southern Fertilizer JSC
  • Ninh Binh Phosphate Fertilizer
  • PetroVietnam Fertilizer and Chemical Corp.
  • Habac Nitrogenous Fertilizer and Chemicals Company Limited

Key players competing in the Vietnam fertilizers market includes Binh Dein Fertilizer JSC (BFC); Southern Fertilizer JSC; Ninh Binh Phosphate Fertilizer JSC; PetroVietnam Fertilizer and Chemical Corp.; and Habac Nitrogenous Fertilizer and Chemicals Company Limited.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

In 2016, PetroVietnam Fertilizer and Chemical Corp. signed a memorandum of agreement (MOU) with Solvay Novecare, a Belgium-based chemical company, to introduce innovative and eco-friendly fertilizers to increase crop yield while decreasing nitrogen losses in the air, soil, and water.

Vietnam Fertilizers Market by key players

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