Vietnam Crop Protection Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Vietnam Crop Protection Market Size- By Type, By Origin, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: AGRI2350 | Pages: 1 - 104 | Formats*: |
| Category : Agriculture | |||
Vietnam Crop Protection Market Introduction and Overview
According to SPER Market Research, the Vietnam Crop Protection Market is estimated to reach USD 3.27 billion by 2033 with a CAGR of 5.08%.
The report includes an in-depth analysis of the Vietnam Crop Protection Market, including market size and trends, product mix, distribution channels, and supplier analysis. Crop protection chemicals provide farmers with a low-cost way to increase crop yield and quality. They also facilitate harvesting and maintain regular supplies year after year. Insecticides, herbicides, and fungicides are the three forms of crop protection agents. Selective herbicides, for example, prevent weeds from growing among crops and competing for water, sunlight, and nutrients. Crop protection chemicals would make agriculture less efficient. The agriculture business has become more aware of the dangers of pesticides and the importance of manufacturing sustainable chemicals from plant, mineral, animal, and bacterial sources, hence reducing soil pollution and agricultural produce contamination.
- May 2022: To advance the sustainable development of Vietnamese agriculture through ground-breaking innovations, Bayer Vietnam has introduced Routine Start 280FS (Routine Start), a new seed treatment product to protect early-season rice seeds from rice blast fungi. Routine Start also increases crop productivity and resource efficiency for rice farmers.
- BASF Vietnam pledges to keep funding a portfolio of sustainable innovations across a number of industries, including nutrition and agriculture, footwear, textiles, and e-mobility, to assist our clients in becoming more successful and better positioned to serve both domestic and international markets. This is because Vietnam is a desirable location for foreign investors in many ways, thanks to a variety of trade agreements and sustainability commitments, a young and talented work force, and a number of other factors.
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Market Opportunities and Challenges
Vietnam Crop Protection market offers a variety of opportunities and challenges. Vietnamese customers are emphasizing the purchase of high-quality and healthy products, particularly organic ones, as their income levels rise. Farmers are converting their farmlands to organic status in response to the rising demand for organic goods, which mandates the use of biopesticides. The bio-insecticides market in Vietnam is the largest and expanding at the fastest rate due to their rising use in rice production. As part of its new Action Plan to minimize plant hopper damage to Asia's rice harvest, particularly Vietnam, the International Rice Research Institute (IRRI) has previously advocated for a limit on specific insecticides used in rice farming.
Pesticides are particular causes of concern due to their toxicity, persistence, bioaccumulation, lipophilicity, and detrimental impacts on human health. These chemicals get into people through contaminated fruits and vegetables. Among the serious health issues posed by pesticide residue are cancers, birth defects, neurological disorders, endocrine disruption, and reproductive effects. Pesticide effects are influenced by the duration of exposure and toxicity. Consequences come in two flavours: acute and long-lasting. Due to the potential health risks associated with pesticide consumption, farming must be continuously monitored for fruits and vegetables. Pesticides including glyphosates, Difenoconazole, imidacloprids, and bifenthrin are frequently found in fruits and vegetables that are sold to consumers.
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Market Competitive Landscape
The Vietnam crop protection market is slightly fragmented due to the presence of numerous local and foreign competitors. Some of the major players in the area include Sumitomo Chemicals, Basf, UPL Limited, and Adama Ltd. To improve their position in the market, several firms are extending their distribution network.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Origin, By Application |
| Regions covered | Northern Region, Southern Region, Western Region, Eastern Region |
| Companies Covered | Adama Ltd, Baconco Vietnam, BASF SE, Bayer Crop Science, Novozymes A/S, Sumitomo Chemicals, UPL Ltd, Vipesco |
COVID-19 Impact on Vietnam Crop Protection Market
The market for crop protection chemicals in Vietnam was negatively impacted by COVID-19. The Vietnamese government implemented a number of measures, including social exclusion, transportation limitations, and the closure of organizations providing non-essential services, to contain the COVID-19 pandemic. The movement restrictions had little impact on Vietnam's fertilizer business because the nation took proactive measures and supported legislation. As a result, the fertilizer market in Vietnam was stable aside from supply chain hiccups. The market, however, is anticipated to be driven by expanding acceptance of novel farming techniques, growing area under organic farming, expanded crop production area, and enhanced land productivity.
Key Target Audience
- Farmers
- Agricultural Extension Services
- Agricultural Retailers and Distributors
- Agrochemical Manufacturers and Suppliers
- Government Agencies and Regulators
- Research Institutions and Universities
- Environmental and Consumer Advocacy Groups
Our in-depth analysis of the Vietnam Crop Protection Market includes the following segments:
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| By Origin: |
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| By Application: |
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Key Topics Covered in the Report
- Vietnam Crop Protection Market Size (FY’2023-FY’2033)
- Overview of Vietnam Crop Protection Market
- Segmentation of Vietnam Crop Protection Market By Type (Herbicides, Insecticides, Fungicides, Others)
- Segmentation of Vietnam Crop Protection Market By Origin (Synthetic, Bio-based)
- Segmentation of Vietnam Crop Protection Market By Application (Grains and Cereals, Pulse and Oilseeds, Fruits and Vegetables, Commercial Crops, Others)
- Statistical Snap of Vietnam Crop Protection Market
- Expansion Analysis of Vietnam Crop Protection Market
- Problems and Obstacles in Vietnam Crop Protection Market
- Competitive Landscape in the Vietnam Crop Protection Market
- Impact of COVID-19 and Demonetization on Vietnam Crop Protection Market
- Details on Current Investment in Vietnam Crop Protection Market
- Competitive Analysis of Vietnam Crop Protection Market
- Prominent Players in the Vietnam Crop Protection Market
- SWOT Analysis of Vietnam Crop Protection Market
- Vietnam Crop Protection Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Crop Protection Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Crop Protection Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Crop Protection Market
7. Vietnam Crop Protection Market, By Type (USD Million)
7.1. Vietnam Crop Protection Market Value Share and Forecast, By Type, 2023-20337.2. Herbicides7.3. Insecticides7.4. Fungicides7.5. Others
8. Vietnam Crop Protection Market, By Origin (USD Million)
8.1. Vietnam Crop Protection Market Value Share and Forecast, By Origin, 2023-20338.2. Synthetic8.3. Bio-based
9. Vietnam Crop Protection Market, By Application (USD Million)
9.1. Vietnam Crop Protection Market Value Share and Forecast, By Application, 2023-20339.2. Grains and Cereals9.3. Pulse and Oilseeds9.4. Fruits and Vegetables9.5. Commercial Crops9.6. Others
10. Vietnam Crop Protection Market Forecast, 2019-2033 (USD Million)
10.1. Vietnam Crop Protection Market Size and Market Share
11. Vietnam Crop Protection Market, By Type, 2019-2033 (USD Million)
11.1. Vietnam Crop Protection Market Size and Market Share By Type (2019-2026)11.2. Vietnam Crop Protection Market Size and Market Share By Type (2027-2033)
12. Vietnam Crop Protection Market, By Origin, 2019-2033 (USD Million)
12.1. Vietnam Crop Protection Market Size and Market Share By Origin (2019-2026)12.2. Vietnam Crop Protection Market Size and Market Share By Origin (2027-2033)
13. Vietnam Crop Protection Market, By Application, 2019-2033 (USD Million)
13.1. Vietnam Crop Protection Market Size and Market Share By Application (2019-2026)13.2. Vietnam Crop Protection Market Size and Market Share By Application (2027-2033)
14. Vietnam Crop Protection Market, By Region, 2019-2033 (USD Million)
14.1. Vietnam Crop Protection Market Size and Market Share By Region (2019-2026)14.2. Vietnam Crop Protection Market Size and Market Share By Region (2027-2033)14.3. France14.4. Germany14.5. Italy14.6. Spain14.7. United Kingdom14.8. Others
15. Company Profile
15.1. Adama Ltd
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Baconco Vietnam
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. BASF SE
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Bayer Crop Science
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Novozymes A/S
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Sumitomo Chemicals
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. UPL Ltd
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Vipesco
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vietnam Crop Protection Market is projected to reach USD 3.27 billion by 2033, growing at a CAGR of 5.08% during the forecast period.
Vietnam Crop Protection Market grew in market size from 2022. The Market is expected to reach USD 3.27 billion by 2033, at a CAGR of 5.08% during the forecast period.
Vietnam Crop Protection Market CAGR of 5.08% during the forecast period.
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Vietnam Crop Protection Market size is USD 3.27 billion from 2023 to 2033.
Vietnam Crop Protection Market Segment is covered By Type, By Origin, By Application.
The Asia-Pacific is anticipated to have the highest market share in the Vietnam Crop Protection Market.
The key players in the market include Companies Covered Covered Adama Ltd, Baconco Vietnam, BASF SE, Bayer Crop Science, Novozymes A/S, Sumitomo Chemicals, UPL Ltd, Vipesco.
Crop protection chemicals provide farmers with a low-cost way to increase crop yield and quality. They also facilitate harvesting and maintain regular supplies year after year. Insecticides, herbicides, and fungicides are the three forms of crop protection agents.
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