Vietnam Fertilizers Market to Grow with a CAGR of 4.31% through 2029

Growth in research and development activities is expected to drive the Vietnam Fertilizers Market growth in the forecast period, 2025-2029

According to TechSci Research report, “Vietnam Fertilizers Market – By Region, Competition, Forecast and Opportunities, 2019-2029F”, the Vietnam Fertilizers Market stood at 5.37 Million Metric Tonnes in 2023 and is anticipated to grow with a CAGR of 4.31% in the forecast period, 2025-2029.

The proactive measures undertaken by the Vietnamese government in relation to fertilizers have played a pivotal role in fostering favorable market conditions within the country's fertilizer sector. Several key initiatives have significantly contributed to the growth and evolution of the market, particularly in ensuring the quality of fertilizers and promoting sustainable agricultural practices. Recognizing the critical importance of fertilizer quality for food security, the government has introduced a series of robust policies aimed at regulating and maintaining high standards across the fertilizer industry. With the growing concern over the impact of substandard fertilizers on agricultural productivity, human health, and the environment, the government has implemented stringent testing and monitoring systems. These measures are designed to identify and eliminate inferior products from the market, thereby safeguarding both the integrity of agricultural outputs and the well-being of the population.

In addition to quality assurance, the Vietnamese government has strategically focused on advancing the adoption of organic fertilizers as part of its broader sustainability agenda. Organic fertilizers are seen as a vital component in promoting environmentally friendly farming practices, reducing reliance on chemical inputs, and improving long-term soil health. To encourage this transition, the government has rolled out a range of incentives aimed at boosting the production, application, and use of organic fertilizers. These initiatives are designed not only to enhance the productivity of the agricultural sector but also to ensure its sustainability, thus fostering a balance between economic growth and environmental stewardship. The government’s commitment to supporting research and development (R&D) in the fertilizer sector is a critical driver of innovation. R&D efforts are focused on developing more efficient fertilizers and exploring new application methods that minimize waste and maximize nutrient absorption. By addressing these challenges, the government is ensuring that Vietnamese agriculture can meet the increasing demand for food, both domestically and globally, while enhancing the overall efficiency of fertilizer use. These strategic actions underscore the government’s vision of sustainable agricultural development, which is essential to securing the nation's food future and strengthening its position in the global agricultural marketplace.

Through these comprehensive efforts, the Vietnamese government is not only improving the quality and sustainability of fertilizers but is also creating a resilient agricultural system that can thrive in the face of evolving challenges. This approach sets the foundation for continued growth and innovation in the fertilizer market, ultimately contributing to the long-term stability and success of Vietnam's agricultural sector.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Vietnam Fertilizers Market”

The Vietnam Fertilizers Market is segmented in crop type, mode of application, regional distribution, and company

Based on its mode of application, The foliar spraying segment is projected to experience rapid growth during the forecast period. One of the main reasons for the dominance of foliar spraying in Vietnam's fertilizer market is its exceptional efficiency. This method allows for the rapid absorption of nutrients, leading to significantly quicker and more noticeable results. The nutrients are directly absorbed by the leaves of plants, bypassing the traditional pathway through the soil and root system. As a result, the nutrients become immediately available for the plants to utilize, promoting their growth and development.

The growing population and the limited availability of arable land in Vietnam have further contributed to the widespread adoption of foliar spraying. With an ever-increasing demand for food and agricultural products, farmers are faced with the challenge of maximizing crop yields on limited land resources. Utilizing foliar spraying provides a solution by enabling more precise application of fertilizers, minimizing wastage, and ultimately enhancing crop productivity.

Moreover, the extensive use of foliar spraying extends beyond fertilizer application; it also encompasses the administration of crop protection chemicals. This method proves to be particularly effective in delivering these essential chemicals, further solidifying its dominance in the market. Its versatility and efficacy make foliar spraying a preferred choice for farmers, ensuring optimal plant nutrition and protection. By leveraging the advantages of foliar spraying, Vietnamese farmers are able to overcome the challenges posed by a growing population and limited arable land, ultimately contributing to sustainable agriculture and food security in the region.

Major companies operating in Vietnam Fertilizers Market are:

• PetroVietnam Fertilizer and Chemicals Corporation
• Green Ba La Tourism Trading-Production-Service Joint Stock Company
• Lam Thao Superphosphate and Chemical Joint Stock Company
• Binh Dien Fertilizer Company
• Southern Fertilizer Joint Stock Company
• Van Dien Fused Phosphate Fertilizer Joint Stock Company
• Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC)
• Can Tho Fertilizer & Chemical Company
• Ninh Binh Calcium Carbonate Joint Stock Company
• Vietnam Japan Fertilizer Company (JVF)

Download Free Sample Report

Customers can also request for 10% free customization on this report

“the Vietnam Fertilizers Market is poised for continued growth and transformation, driven by the government’s strategic initiatives focused on quality regulation, sustainability, and innovation. The shift towards organic fertilizers, coupled with rigorous testing and monitoring measures, is enhancing the agricultural sector’s productivity while ensuring long-term environmental sustainability. With ongoing support for research and development, the market is becoming more efficient, responsive, and adaptive to the evolving needs of modern agriculture. As Vietnam continues to prioritize food security, sustainability, and the advancement of agricultural practices, the fertilizer market will play a crucial role in shaping the country’s agricultural future, ensuring a resilient and productive farming landscape for years to come.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Vietnam Fertilizers Market By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Others), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Drip Method, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of Vietnam Fertilizers Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Fertilizers Market.

Contact

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +1-332-258-6602

Email: [email protected]

Website: www.techsciresearch.com