One Stop Solution For In-Depth Market Research Reports

Home    >    AGRICULTURE AND ALLIED ACTIVITIES   >   Vietnam Organic Fertilizers Market

Vietnam Organic Fertilizers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)


Product Code : MDAG00122111
Survey : Mordor Intelligence
Publish On : 12, August, 2022
Category : Agriculture and Allied Activities
Study Area : North America (U.S. and Others), Europe (Germany, France, U.K. and Others), Asia-Pacific (Japan, China, India and Others), Rest of World (Brazil, Rest of Latin America, Middle East & Others)
Report format : PDF
Sales price option (consumption tax not included)
Single User USD4950 / Question Form
5 User USD6750 / Question Form
Enterprise User USD9000 / Question Form
 - Global Fertilizer Investment Corporation
- Binh Dien Fertilizer Joint Stock Company
- Bioway Hitech Joint Stock Company
- Baconco Vietnam
- Ha Lan Fertilizer Corporation
- Que Lam Group
- Long Viet
- VALVA Co. Ltd
- Gold Tech
- Sinh Dien Thien Sinh JSC
- Can Tho Fertilizer & Chemical JSC
- Song Gianh Fertilizer Company
- Vietagro

[Report Description]

The Vietnamese organic fertilizer market was valued at USD 2.19 million in 2019, and it is expected to register a CAGR of 6.7% during the forecast period (2020-2025). In 2018, farm yard manure was the largest segment among product types of the market studied, and it accounted for a share of around 69.2% of the market.



According to the Ministry of Agriculture and Rural Development of Vietnam, the import of plant protection chemicals increased tremendously, from 20,000 metric ton in 2005 to 50,000 metric ton in 2014. The number of fertilizers used increased by 500% since 1985, which illustrates the increasing popularity of agricultural chemicals. Since 2005, the concerns about food safety increased. Thus, large local companies, like VinGroup’s Vineco, are making investments (the latest being an injection of USD 44 million in 2015) in hygienic fresh vegetable production, to ensure that its VinMarts, which are small supermarkets, are stocked with safe local produce. The increasing importance for food safety and quality will continue to drive higher demand for organic fertilizers, particularly farmyard manure, in Vietnam, over the forecast period.



Key Market Trends



Decreasing Arable Land



Vietnam adopted a Revised Land Law, which became effective on July 1, 2014. This law gave farmers 50-year use rights to their agricultural land, including their basic annual-cropland. The revised law also included significant improvements on issues, like compensation and procedures for land takings, and other important areas. The arable land in the country declined by 2% over the period of 2015-2018. Thus, the decreasing area of arable land, coupled with the government’s introduction of integrated pest management (IPM) program, is expected to drive the organic fertilizers market. This is further fueled with high returns from the market and increased regulations on chemical residues.



Farm Yard Manure Expected to Rule the Vietnamese Organic Fertilizers Market



An increase in the number of livestock, especially pigs, dairy cows, and chicken, is expected to back up the farmyard manure (FYM) industry in Vietnam during the forecast period, though the nutrient content and acceptability among the consumers may vary for the various animal species. According to national statistics, up to September 2015, the national herd was estimated to includee 26.5 million pigs, 7.7 million cattle, and 304.5 million poultries. Annually, livestock production leads to more than 85 million metric ton of manure, tens of billions of cubic meter liquid waste, and several hundred million ton of exhausted gas. Thus, due to the increasing livestock farming in the country, there is rising adoption of farmyard manure. This trend is likely to accelerate over the forecast period.



Competitive Landscape



The organic fertilizer market in Vietnam is a combination of the unorganized and organized sector. The top five players account for 27%-32% of the share of the market, while the other organic fertilizer companies and the unorganized sector together constitute most of the market share, based on the overall Vietnam organic market revenue in 2019.



Additional Benefits:



  • The market estimate (ME) sheet in Excel format

  • 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Product
5.1.1 Organic Residues
5.1.1.1 Farm Yard Manure
5.1.1.2 Crop Residues
5.1.1.3 Green Manure
5.1.1.4 Other Products
5.2 Biofertilizer
5.2.1 Azotobacter
5.2.2 Rhizobium
5.2.3 Azospirillum
5.2.4 Blue-Green Algae
5.2.5 Azolla
5.2.6 Mycorrhiza
5.2.7 Other Biofertilizers
5.3 Application
5.3.1 Grains and Cereals
5.3.2 Oilseeds
5.3.3 Fruits and Vegetables
5.3.4 Turf and Ornamentals
5.3.5 Other Applications

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Global Fertilizer Investment Corporation
6.3.2 Binh Dien Fertilizer Joint Stock Company
6.3.3 Bioway Hitech Joint Stock Company
6.3.4 Baconco Vietnam
6.3.5 Ha Lan Fertilizer Corporation
6.3.6 Que Lam Group
6.3.7 Long Viet
6.3.8 VALVA Co. Ltd
6.3.9 Gold Tech
6.3.10 Sinh Dien Thien Sinh JSC
6.3.11 Can Tho Fertilizer & Chemical JSC
6.3.12 Song Gianh Fertilizer Company
6.3.13 Vietagro

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Shibuya data count

Shibuya Data Count is a reseller offering a variety of market research reports from different industries, provided by a global team of experienced research professionals who ensure the most reliable and up-to-date research analysis reports.

Recommended reports

+