Vietnam Biofertilizer Market Size and Share
Market Overview
| Study Period | 2017 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 280.6 Thousand |
| Market Size (2030) | USD 443.1 Thousand |
| Growth Rate (2025 - 2030) | 9.57% CAGR |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Vietnam Biofertilizer Market Analysis by Mordor Intelligence
The Vietnam Biofertilizer Market size is estimated at 280.6 thousand USD in 2025, and is expected to reach 443.1 thousand USD by 2030, growing at a CAGR of 9.57% during the forecast period (2025-2030).
Vietnam's biofertilizer industry is experiencing significant transformation driven by the government's strong commitment to sustainable agriculture. The Ministry of Agriculture and Rural Development has implemented comprehensive policies since 2017 to promote organic agriculture, including the National Organic Standard, Decree on Organic Agriculture, and the National Organic Agriculture Project 2020-2030. These initiatives have encouraged provinces and cities to develop local programs supporting organic fertilizer development. The government's target of increasing organic land area to 2.5-3.0% of total agricultural land by 2030 demonstrates its long-term commitment to sustainable farming practices.
The industry landscape is characterized by robust export potential and growing domestic capabilities. Currently, Vietnam has approximately 60 firms specializing in organic agricultural exports, generating a combined revenue of USD 550 million in 2021. The country's organic agricultural sector is supported by a strong infrastructure of approximately 17,000 organic agriculture producers and 555 processors. The United States and European Union remain the primary export destinations, collectively accounting for 90% of Vietnamese organic product exports, highlighting the international recognition of Vietnamese organic agricultural products.
Technological innovation and research advancement are reshaping the biofertilizer sector. Companies are investing in advanced fermentation technologies and developing new formulations to enhance product efficiency. For instance, in 2021, Atlántica Agrícola developed Micomix, an innovative biostimulant combining mycorrhizal fungi, rhizobacteria, and chelated micronutrients. The industry has also witnessed significant capacity expansion, exemplified by Que Lam Group's establishment of a USD 21.54 million bio-organic fertilizer plant in Vinh Phuc province in 2019, capable of producing 250,000 metric tons annually.
The Vietnamese biofertilizer market is experiencing a shift toward more sophisticated and effective products. Mycorrhiza-based biofertilizers have demonstrated remarkable efficiency, with the potential to increase crop yields by 30-50% through enhanced phosphorus absorption and water uptake capabilities. This scientific advancement has led to increased adoption across various crop types, particularly in horticultural crops, which represent a significant portion of organic cultivation. The industry is also witnessing growing collaboration between research institutions and manufacturers to develop region-specific formulations that address local soil conditions and crop requirements. Additionally, the integration of agricultural biotechnology and agricultural biologicals is paving the way for more sustainable fertilizer solutions, aligning with global trends in sustainable agriculture.
Vietnam Biofertilizer Market Trends and Insights
The country plans to expand organic farming, with fruits and vegetables as the top priority due to increasing demand
- Over the past two decades, organic farming in Vietnam has expanded steadily, driven by increasing demand for safe and organic food by European and Vietnamese consumers. The area under organic crop cultivation in Vietnam was 38.0 thousand ha in 2022, 1.0% of the overall organic agricultural land in Asia-Pacific. In 2021, there were approximately 17,000 organic agriculture producers, 555 processors, and 60 exporters in Vietnam.
- Organic cultivation of fruit and vegetable crops dominates the country, accounting for 58.8% of the area in 2022, followed by cash crops and row crops, accounting for 35.7% and 5.5%, respectively. Vietnam's main organic agricultural products include rice, coconut, coffee, cocoa, tea, vegetables, cinnamon, and anise.
- Vietnam has been looking for ways to increase the export of organic farm produce due to increased global demand as consumers become more health conscious. The United States and the European Union are the largest markets for Vietnamese organic products, holding a combined market share of 90.0%. According to recent estimates, Vietnam currently has 60 firms focusing on the export of organic agricultural goods, which accounted for a combined revenue of USD 550.0 million in 2021.
- Vietnam has set the target of increasing the total organic land area to 2.5-3.0% of the agricultural land area by 2030. With the national policies that have been issued since 2017 and government programs, such as the National Organic Standard, the Decree on Organic Agriculture, and the National Organic Agriculture Project 2020-2030 to promote organic agriculture, more provinces and cities are actively developing local programs and projects to develop organic agriculture.
Approximately 88% of the Hanoi consumers are willing to by organic produce, leads to increase in per capita spending.
- Vietnamese have gradually begun to pay more attention to product quality and health than they had previously. Health and fitness are still among the top five concerns of Vietnamese consumers. Vietnam's per capita income has continuously increased over the years, encouraging people to spend more money on nutritious food.
- High levels of pesticides and chemical fertilizers inside vegetables are always risky to the Vietnamese population. The government controls and safely certifies 30% of the area for vegetable production in Hanoi. Samples of 185 respondents surveyed at four big supermarkets in Hanoi were analyzed by descriptive statistics, and the results concluded that about 15% of the consumers had already used organic vegetables. However, 88% wanted to try and buy if organic products were available in the market.
- Major reasons for the limitation in the consumption of organic foods were the lack of information about the organic market and the inconvenience of buying. The average price paid for organic vegetables was about 70% higher than that of conventional ones. High-income customers are concerned about the safety of vegetables, and people who have used them in the past would likely pay more for organic vegetables. These findings suggest that information about organic vegetables should be widely publicized to consumers in the future.
- The rising organic food consumption in Vietnam leads to increasing domestic demand, requiring a higher conversion of land to organic farming to produce the desired product. The demand demand for organic protection and nutrition products is increasing to ensure the quality of the produce, thus indicating a potential growth in the biofertilizer market in the country.
Segment Analysis: Form
Mycorrhiza Segment in Vietnam Biofertilizer Market
The mycorrhizal fertilizer segment maintains its dominant position in the Vietnam biofertilizer market, accounting for approximately 66% market share in 2024. This significant market presence is attributed to mycorrhizal fertilizer's unique ability to boost phosphorus absorption and other essential nutrients from the soil, supporting robust plant growth and development. The segment's leadership is particularly evident in horticultural crops, where mycorrhizal associations have demonstrated the potential to increase crop yields by 30-50%. These biofertilizers are applied through various methods, including direct soil treatment, suspension in water for liquid fertilizer applications, and root dipping at the nursery stage to enhance seedling development. The versatility and proven effectiveness of mycorrhizal fertilizer-based products across different crop types, especially in Vietnam's dominant horticultural sector, continue to drive its market leadership.
Rhizobium Segment in Vietnam Biofertilizer Market
The rhizobium biofertilizer segment is emerging as the fastest-growing category in the Vietnam biofertilizer market, projected to achieve a growth rate of approximately 12% during 2024-2029. This remarkable growth is primarily driven by the increasing adoption of rhizobium biofertilizer in leguminous crops, where they have demonstrated the ability to increase yields by 25-35% while reducing chemical fertilizer requirements by 20-25%. The segment's expansion is further supported by the growing awareness among farmers about the benefits of rhizobium biofertilizer in sustainable agriculture practices. The rising concern over nitrate pollution in soil and groundwater from excessive chemical fertilizer use has also contributed to the increased adoption of rhizobium-based solutions. Additionally, the segment's growth is bolstered by the expanding organic farming sector and the increasing demand for organic products in both domestic and international markets.
Remaining Segments in Form Segmentation
The other segments in the Vietnam biofertilizer market include Azospirillum, azotobacter biofertilizer, phosphate solubilizing biofertilizer (PSB), and other biofertilizers, each serving specific roles in agricultural enhancement. Azospirillum has gained recognition for its nitrogen-fixing capabilities in non-leguminous crops, particularly in rice cultivation. Azotobacter biofertilizer contributes to nitrogen fixation and growth stimulation through phosphate solubilization and production of plant growth promoters. The PSB segment plays a crucial role in improving phosphorus availability to plants, while the other biofertilizers category includes diverse soil microorganisms like Azolla, Bacillus amyloliquefaciens, and blue-green algae, each offering unique benefits for different crop types and growing conditions. These segments collectively contribute to the market's diversity and provide farmers with a comprehensive range of biological solutions for sustainable agriculture.
Segment Analysis: Crop Type
Horticultural Crops Segment in Vietnam Biofertilizer Market
The horticultural crops segment dominates the Vietnam biofertilizer market, accounting for approximately 57% market share in 2024. The dominance of this segment is primarily attributed to the large organic cultivation area of horticultural crops in Vietnam, which represents about 59% of the total organic crop area. The segment's strong position is driven by increasing demand for organic fruits and vegetables both domestically and internationally. Mycorrhizal fertilizer-based biofertilizers are predominantly used in horticultural crops, as they effectively deliver essential nutrients like phosphorus, zinc, and sulfur from the soil. The application methods in horticultural crops are diverse, including direct soil treatment, suspension in water for liquid fertilizers, and root dipping at the nursery stage to improve seedling development.
Cash Crops Segment in Vietnam Biofertilizer Market
The cash crops segment is projected to exhibit the fastest growth in the Vietnam biofertilizer market, with an expected CAGR of approximately 10% during 2024-2029. This robust growth is driven by the increasing adoption of biofertilizers in major cash crops like coffee, tea, rubber, and spices. The segment's growth is further supported by Vietnam's focus on shaping sustainable agricultural practices, particularly in the coffee industry, which is implementing eco-friendly cultivation methods. The application of various biofertilizers, especially mycorrhizal fertilizer-based products, has shown significant benefits in cash crops, including improved nutrient uptake capacity and reduced overall production costs. The recent European-Vietnam Free Trade Agreement (EVFTA) is also acting as a significant motivator for Vietnamese farmers to adopt green practices and reduce agrochemical usage in cash crop cultivation.
Remaining Segments in Crop Type
The row crops segment, while smaller in market share, plays a vital role in Vietnam's biofertilizer market. This segment primarily includes essential crops like rice, wheat, corn, millet, barley, soybean, and groundnuts. The segment's development is supported by government initiatives to promote sustainable agricultural practices in staple crop production. Row crops benefit particularly from specific biofertilizer types such as Azospirillum and rhizobium biofertilizer, which are especially effective in nitrogen fixation for these crops. The segment's growth is also influenced by increasing awareness among farmers about the benefits of biofertilizers in improving soil health and reducing chemical fertilizer dependency in row crop cultivation.
Competitive Landscape
Top Companies in Vietnam Biofertilizer Market
The Vietnam biofertilizer market is characterized by companies focusing extensively on research and development initiatives, particularly in developing innovative formulations and application technologies. Companies are investing in advanced fermentation processes and production facilities to enhance product quality and efficiency. Strategic partnerships with research institutions and technology providers have become increasingly common to strengthen product development capabilities. Market players are expanding their distribution networks across different regions of Vietnam to improve market penetration and accessibility. There is also a growing trend of companies developing specialized products for specific crop segments, particularly in the horticultural and cash crop sectors. Companies are increasingly adopting sustainable production practices and obtaining organic certifications to align with government initiatives promoting organic farming inputs. The focus on developing liquid and water-soluble formulations suitable for foliar applications demonstrates the industry's commitment to product innovation and ease of use.
Local Players Dominate Vietnamese Biofertilizer Landscape
The Vietnamese biofertilizer market exhibits a consolidated structure dominated by domestic players who have established strong local manufacturing and distribution networks. These local companies leverage their understanding of regional agricultural practices and maintain close relationships with farming communities. The market is characterized by a mix of large agricultural conglomerates and specialized biological fertilizer manufacturers, with domestic firms holding significant market share. The presence of international players is limited but growing, particularly through strategic partnerships and technology transfer agreements with local companies.
The market shows moderate merger and acquisition activity, with most transactions focused on expanding production capacity and geographic reach within Vietnam. Companies are primarily pursuing organic growth strategies through capacity expansion and product development rather than acquisitions. Local players benefit from government support for domestic biofertilizer production and have established strong relationships with agricultural cooperatives and farmer groups. The market structure encourages competition in terms of product quality and innovation rather than price-based competition, leading to continuous improvements in product offerings.
Innovation and Distribution Key to Success
Success in the Vietnamese biofertilizer market increasingly depends on developing innovative products that demonstrate clear benefits in terms of crop yield and soil health improvement. Companies need to invest in research and development to create specialized formulations for different crop types and soil conditions. Building strong distribution networks and providing technical support to farmers through demonstration plots and training programs is crucial for market success. Manufacturers must also focus on maintaining product quality consistency and shelf life while developing cost-effective production processes to remain competitive.
Future growth opportunities lie in developing new application technologies and formulations that enhance product efficiency and ease of use. Companies need to strengthen their presence in emerging organic farming regions and establish partnerships with agricultural extension services. Regulatory compliance and obtaining necessary certifications will become increasingly important as the government strengthens oversight of agricultural biologicals quality and safety. Market players must also focus on building brand trust through transparent communication about product benefits and environmental impact. The ability to adapt to changing farmer needs and agricultural practices while maintaining product affordability will be crucial for long-term success in the market.
Vietnam Biofertilizer Industry Leaders
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Atlántica Agrícola
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BIOWAY ORGANIC HIGH TECH JOINT STOCK COMPANY
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DAI THANH JOINT STOCK COMPANY
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Song Gianh Corporation Joint Stock Company
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Suståne Natural Fertilizer Inc.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- January 2021: Atlántica Agrícola’s developed Micomix, a biostimulant composed primarily of mycorrhizal fungi, rhizobacteria, and chelated micronutrients. The presence and development of these microorganisms in the rhizosphere create a symbiotic relationship with the plant that favors the absorption of water and mineral nutrients and increases its tolerance to water and salt stress.
- May 2019: Ho Chi Minh City-based Que Lam Group inaugurated its bio-organic fertilizer plant worth USD 21.54 million in the northern province of Vinh Phuc. The plant is spread over 4 hectares of land with an annual production capacity of 250,000 metric tons of bio-organic fertilizers. This move helped the company strengthen its presence in the country.
- May 2017: Bioway Hitech Fertiliser Joint Stock Company signed an agreement on the sole reception of Bioway AT-12H super-fast fermentation technology from Bioway Organic USA Company. With this technology, all organic wastes from animal manure and microorganisms will be able to manufacture biofertilizers in a short time, perhaps less than 12 hours, without polluting the environment because of high-temperature sterilization.
Vietnam Biofertilizer Market Report Scope
Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type.| Azospirillum |
| Azotobacter |
| Mycorrhiza |
| Phosphate-Solubilizing Bacteria |
| Rhizobium |
| Other Biofertilizers |
| Cash Crops |
| Horticultural Crops |
| Row Crops |
| Form | Azospirillum |
| Azotobacter | |
| Mycorrhiza | |
| Phosphate-Solubilizing Bacteria | |
| Rhizobium | |
| Other Biofertilizers | |
| Crop Type | Cash Crops |
| Horticultural Crops | |
| Row Crops |
Market Definition
- AVERAGE DOSAGE RATE - The average application rate is the average volume of biofertilizers applied per hectare of farmland in the respective region/country.
- CROP TYPE - Crop type includes Row crops (Cereals, Pulses, Oilseeds), Horticultural Crops (Fruits and vegetables) and Cash Crops (Plantation Crops, Fibre Crops and Other Industrial Crops)
- FUNCTION - The crop nutrition function of agricultural biological consists of various products that provide essential plant nutrients and enhance soil quality.
- TYPE - Biofertilizers enhance soil quality by increasing the population of beneficial microorganisms. They help crops absorb nutrients from the environment.
| Keyword | Definition |
|---|---|
| Cash Crops | Cash crops are non-consumable crops sold as a whole or part of the crop to manufacture end-products to make a profit. |
| Integrated Pest Management (IPM) | IPM is an environment-friendly and sustainable approach to control pests in various crops. It involves a combination of methods, including biological controls, cultural practices, and selective use of pesticides. |
| Bacterial biocontrol agents | Bacteria used to control pests and diseases in crops. They work by producing toxins harmful to the target pests or competing with them for nutrients and space in the growing environment. Some examples of commonly used bacterial biocontrol agents include Bacillus thuringiensis (Bt), Pseudomonas fluorescens, and Streptomyces spp. |
| Plant Protection Product (PPP) | A plant protection product is a formulation applied to crops to protect from pests, such as weeds, diseases, or insects. They contain one or more active substances with other co-formulants such as solvents, carriers, inert material, wetting agents or adjuvants formulated to give optimum product efficacy. |
| Pathogen | A pathogen is an organism causing disease to its host, with the severity of the disease symptoms. |
| Parasitoids | Parasitoids are insects that lay their eggs on or within the host insect, with their larvae feeding on the host insect. In agriculture, parasitoids can be used as a form of biological pest control, as they help to control pest damage to crops and decrease the need for chemical pesticides. |
| Entomopathogenic Nematodes (EPN) | Entomopathogenic nematodes are parasitic roundworms that infect and kill pests by releasing bacteria from their gut. Entomopathogenic nematodes are a form of biocontrol agents used in agriculture. |
| Vesicular-arbuscular mycorrhiza (VAM) | VAM fungi are mycorrhizal species of fungus. They live in the roots of different higher-order plants. They develop a symbiotic relationship with the plants in the roots of these plants. |
| Fungal biocontrol agents | Fungal biocontrol agents are the beneficial fungi that control plant pests and diseases. They are an alternative to chemical pesticides. They infect and kill the pests or compete with pathogenic fungi for nutrients and space. |
| Biofertilizers | Biofertilizers contain beneficial microorganisms that enhance soil fertility and promote plant growth. |
| Biopesticides | Biopesticides are natural/bio-based compounds used to manage agricultural pests using specific biological effects. |
| Predators | Predators in agriculture are the organisms that feed on pests and help control pest damage to the crops. Some common predator species used in agriculture include ladybugs, lacewings, and predatory mites. |
| Biocontrol agents | Biocontrol agents are living organisms used to control pests and diseases in agriculture. They are alternatives to chemical pesticides and are known for their lesser impact on the environment and human health. |
| Organic Fertilizers | Organic fertilizer is composed of animal or vegetable matter used alone or in combination with one or more non-synthetically derived elements or compounds used for soil fertility and plant growth. |
| Protein hydrolysates (PHs) | Protein hydrolysate-based biostimulants contain free amino acids, oligopeptides, and polypeptides produced by enzymatic or chemical hydrolysis of proteins, primarily from vegetal or animal sources. |
| Biostimulants/Plant Growth Regulators (PGR) | Biostimulants/Plant Growth Regulators (PGR) are substances derived from natural resources to enhance plant growth and health by stimulating plant processes (metabolism). |
| Soil Amendments | Soil Amendments are substances applied to soil that improve soil health, such as soil fertility and soil structure. |
| Seaweed Extract | Seaweed extracts are rich in micro and macronutrients, proteins, polysaccharides, polyphenols, phytohormones, and osmolytes. These substances boost seed germination and crop establishment, total plant growth and productivity. |
| Compounds related to biocontrol and/or promoting growth (CRBPG) | Compounds related to biocontrol or promoting growth (CRBPG) are the ability of a bacteria to produce compounds for phytopathogen biocontrol and plant growth promotion. |
| Symbiotic Nitrogen-Fixing Bacteria | Symbiotic nitrogen-fixing bacteria such as Rhizobium obtain food and shelter from the host, and in return, they help by providing fixed nitrogen to the plants. |
| Nitrogen Fixation | Nitrogen fixation is a chemical process in soil which converts molecular nitrogen into ammonia or related nitrogenous compounds. |
| ARS (Agricultural Research Service) | ARS is the U.S. Department of Agriculture's chief scientific in-house research agency. It aims to find solutions to agricultural problems faced by the farmers in the country. |
| Phytosanitary Regulations | Phytosanitary regulations imposed by the respective government bodies check or prohibit the importation and marketing of certain insects, plant species, or products of these plants to prevent the introduction or spread of new plant pests or pathogens. |
| Ectomycorrhizae (ECM) | Ectomycorrhiza (ECM) is a symbiotic interaction of fungi with the feeder roots of higher plants in which both the plant and the fungi benefit through the association for survival. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
