Market Size of vietnam biopesticides Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 15.58 Million |
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Market Size (2029) | USD 24.09 Million |
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Largest Share by Form | Bioherbicides |
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CAGR (2024 - 2029) | 9.11 % |
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Fastest Growing by Form | Bioinsecticides |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Biopesticides Market Analysis
The Vietnam Biopesticides Market size is estimated at 15.58 million USD in 2024, and is expected to reach 24.09 million USD by 2029, growing at a CAGR of 9.11% during the forecast period (2024-2029).
15.58 Million
Market Size in 2024 (USD)
24.09 Million
Market Size in 2029 (USD)
1.88 %
CAGR (2017-2023)
9.11 %
CAGR (2024-2029)
Largest by Form
31.66 %
value share, Bioherbicides, 2023
Bioherbicides are weed control agents that are biological in nature. Bioherbicides contains invasive genetics that can attack and kill the weeds' defense genetics.
Fastest by Form
10.54 %
Projected CAGR, Bioinsecticides, 2024-2029
Bioinsecticides are naturally occurring substances derived from various sources, highly effective in small quantities, and only affect target pests with low toxicity.
Largest by Crop Type
58.96 %
value share, Horticultural Crops, 2023
Horticultural crops are consuming more biopesticides in their cultivation compared to other crops, bioherbicides are the most consumed pesticides in the horticultural sector.
Fastest by Crop Type
9.12 %
Projected CAGR, Cash Crops, 2024-2029
Tea, tobacco, rubber, pepper, cashews, soya beans, and coconut are major crops grown in Vietnam. Biopesticides consumption value in cash crops accounted for 35.5% in 2022.
Leading Market Player
1.74 %
market share, Vipesco, 2022
The company offers wide range of biological plant protection products like biofungicides and bioinsecticides to customers, which target a wide range of crop pests.
- Biopesticides are crop protection products that are safe to use and are based on microorganisms, plant extracts, and other natural compounds. They have a variety of appealing properties for integrated pest management (IPM). Biopesticides encourage the growth of beneficial microorganisms while controlling harmful pests. According to FAO, agricultural pests cause up to 40.0% of crop loss annually.
- Bioherbicides dominate the biopesticides market in the country, and they accounted for a share of 31.5% in 2022. In Vietnam, some genera used as bioherbicides are Colletotrichum, Fusarium, Alternaria, Cercospora, Puccinia, Entyloma, Ascochyta, and Sclerotinia.
- Agroecology policies are developed in Vietnam in order to promote particular agroecological practices like agroforestry, integrated pest management (IPM), integrated crop management (ICM), standardization of agricultural practices organic production, food safety control, and conservation and landscape agriculture policies.
- IPM and ICM are intended to assist farmers in understanding the field ecology, using suitable farming techniques, managing the production system effectively, growing healthy crops, and using fewer pesticides and fertilizers in fields. These policies are expected to propel the biopesticides market in the country.
- Pesticide Action Network (PAN) Asia Pacific (PANAP) is a global organization working to eliminate the harm that pesticide usage causes to people and the environment and advance ecological agriculture based on biodiversity. This program also raises awareness about the negative consequences of pesticides, which is expected to increase the domestic market value of biopesticides by 68.0% during the forecast period (2023-2029).
Understand The Key Trends Shaping This Market
