Vietnam Biopesticides Market - Segmented by Crop Type and Type - Growth, Trends, and Forecast (2020 - 2025)

The Vietnam biopesticides market is segmented by type into bio-insecticides, bio-herbicides, bio-fungicides, and other biopesticides and by crop type into grains and cereals, oilseeds, fruits and vegetables and other crop types

Market Snapshot

Study Period:


Base Year:


Major Players:

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Market Overview

The Vietnamese biopesticides market was valued at USD 26.45 million in the year 2018 and is expected to register a CAGR of 16.43%, during the forecast period (2019-2024). In 2018, bio-insecticides was the largest product segment of the market studied and accounted for a share of around 91.2% of the market. In Vietnam, R&D activities mainly focus on breeding new crop varieties and developing appropriate production technologies for such crops based on the IPM. However, not much has been done to promote organic agriculture, which would be needed if the biopesticides market needs to grow rapidly.

Scope of the Report

According to the US EPA, biopesticides include naturally occurring substances (biochemical pesticides), microorganisms (microbial pesticides), and pesticidal substances produced by plants (plant-incorporated protectants). The Vietnamese biopesticides market study covers all three types of above mentioned commercial microbial, biochemical pesticides, and plant-incorporated protectant products.

Other Biopesticides
Grains and Cereals
Fruits and Vegetables
Other Crop Types

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Key Market Trends

Increase in Arable Land

In Vietnam, an increase of 0.2 million hectares of arable land per year was recorded by World-Bank and hence, the use of pesticides and fertilizers are growing in the country.  The Vietnamese government has adopted land policies to bring a shift from the collectivized state-controlled agricultural production system to one based on individual farm households in the market place. The total area of agricultural land has increased by 3.2 million hectares and the increase is largely forest land (2.9 million hectares), while the land for long-day crops, such as spinach, lettuce, and some varieties of wheat has increased by 0.27 million hectares.

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Bio-insecticides to Dominate the Biopesticides Market by Type

Bio-insecticides is the largest and the fastest growing segment of the biopesticides industry, and rice utilizes most of the bioinsecticides. The segment accounts for 91.2% of the biopesticides market share and the market is expected to reach USD 60.61 million by 2024. The International Rice Research Institute (IRRI) in the past had called for a ban on certain insecticides in rice production as part of its new Action Plan to reduce planthopper damage to the rice crop in Asia, including Viet Nam. All of this has led to a shift toward increased use of bioinsecticides. Development of resistance to chemical insecticides and concerns over the deleterious effects of chemicals on environmental and human safety have provided a strong impetus for the development of microbial control agents in the integrated pest management in Vietnam.

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Competitive Landscape

The Vietnamese biopesticides market is highly fragmented and has the presence of several local and international players. There are over 50 biopesticide firms in Vietnam, most of them are distributors (as opposed to manufacturers) competing in the approximately USD 1 billion crop protection market. The top six firms, however, account for more than 20% of bio-pesticide revenue in Vietnam. More than 50% of the market share is attributed to local companies having a wide distribution network in Vietnam. Vinachem occupies the largest market share in the bio-pesticide segment in Vietnam, owing to its strong R&D, wider product portfolio, and strong foothold in the local market of Vietnam.

Table Of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Bio-Insecticides

      2. 5.1.2 Bio-Herbicides

      3. 5.1.3 Bio-Fungicides

      4. 5.1.4 Other Biopesticides

    2. 5.2 Crop-type

      1. 5.2.1 Grains and Cereals

      2. 5.2.2 Oilseeds

      3. 5.2.3 Fruits and Vegetables

      4. 5.2.4 Other Crop Types


    1. 6.1 Vendor Market Share

    2. 6.2 Mergers and Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 Vipesco

      2. 6.3.2 Arysta Life Science Corporation

      3. 6.3.3 Certis

      4. 6.3.4 Valent Biosciences Corporation

      5. 6.3.5 Nicotex Corporation

      6. 6.3.6 Can Tho Fertilizer & Chemical Jsc

      7. 6.3.7 Isagro

      8. 6.3.8 Anh Viet Co. Ltd

      9. 6.3.9 Baconco Vietnam

      10. 6.3.10 Key Plex

      11. 6.3.11 Co. Investment and Development of Sustainable Agriculture

      12. 6.3.12 Agriinfotech INC.

      13. 6.3.13 Metchem (Shanghai Megchem Company Ltd)

      14. 6.3.14 Seipasa

      15. 6.3.15 Marrone Bio Innovations

      16. 6.3.16 Bioway-organic

      17. 6.3.17 Binh Dien Fertilizer Joint Stock Company

      18. 6.3.18 Song Gianh Fertilizer Company


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