Vietnam Crop Protection Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Crop Protection Chemicals Market is segmented By Origin (Synthetic and Bio-Based), By Type (Herbicides, Insecticides, Fungicides, Nematicides, and Other Types), by origin (synthetic and bio-based), By Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Applications).

Market Snapshot

Captured
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.1 %

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Market Overview

Vietnam Crop Protection Chemicals Market is projected to grow at a CAGR of 4.1% during the forecast period (2020-2025). In Vietnam, the crop protection industry has been witnessing relatively positive growth due to the growing demand for agricultural produce in the region. While the prevalence of chemical or synthetic based agrochemicals application in agricultural land would continue, human, animal, and environmental health concerns would play key roles in driving growth for safer products like biopesticides. By segment, biopesticides are likely to witness the faster growth in comparison to the synthetic chemicals in Vietnam and is expected to witness to grow further during the forecast period. By product type, insecticides are the largest crop protection chemicals segment in the region, followed by fungicides and herbicides.

Scope of the report

Crop protection chemicals constitute a class of agrochemicals, which are used for preventing the deterioration of crops from insects and pest infestation. The report comprises a detailed analysis of synthetic pesticides, accounting major share in the crop protection chemicals market while biopesticides accounted for a comparatively minute share.

Type
Herbicides
Insecticides
Fungicides
Others
Origin
Synthetic
Bio-based
Application
Grains and Cereals
Pulse and Oilseeds
Fruits and Vegetables
Commercial Crops
Other Applications

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Key Market Trends

Rise in Application of Biopesticides is Driving the Market

With increasing incomes, Vietnamese consumers are paying higher attention to the purchase of high-quality and healthy products, especially organic products. The increase in demand for organic products has resulted in farmers turning their farmlands into organic, which requires the use of biopesticides. Bio-insecticides is the largest and fastest-growing segment of the biopesticides industry in Vietnam due to its higher application in production of rice. 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. The development of resistance to chemical insecticides and concerns over the deleterious effects of chemicals on environmental and human safety has provided a strong impetus for the development of microbial control agents in the integrated pest management in Vietnam.

vietnam crop protectgion driver 1.png

High Adoption of Pesticides in Grains & Cereals is Driving the Market

In Vietnam, Pesticides find its application in crops such as cereals & grains, fruits & vegetables, oilseeds & pulses, and other crops. The demand for pesticides is driven by its easy availability and the effectiveness in pest management. According to a report by the Ministry of Agriculture and Rural Development, Vietnam spent USD 989 million in 2017 on imported pesticide and materials, up by 36.4% from 2016. Paddy field rice cultivation accounts for about 50% of crop protection demand in Vietnam. Major companies such as Sumitomo chemical offers crop protection range in Vietnam Market that mainly includes paddy applications. As the second-largest rice exporting country after Thailand, its demand for paddy pesticides, in particular, is projected to grow appreciably which in turn will boost the Vietnam Crop Protection Market during the forecast period.

Vietnam Crop Protection Chemical Market

Competitive Landscape

The Vietnamese crop protection market is slightly fragmented with presence of many local and international players who are operating in this market. Bayer Crop Science, Sumitomo Chemicals, Novozymes A/S and Vipesco are some of the prominent players in the region. These players are expanding their distribution network to strengthen their position in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Herbicides

      2. 5.1.2 Insecticides

      3. 5.1.3 Fungicides

      4. 5.1.4 Others

    2. 5.2 Origin

      1. 5.2.1 Synthetic

      2. 5.2.2 Bio-based

    3. 5.3 Application

      1. 5.3.1 Grains and Cereals

      2. 5.3.2 Pulse and Oilseeds

      3. 5.3.3 Fruits and Vegetables

      4. 5.3.4 Commercial Crops

      5. 5.3.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Adama Ltd

      2. 6.3.2 BASF SE

      3. 6.3.3 Bayer Crop Science

      4. 6.3.4 Sumitomo Chemicals

      5. 6.3.5 Novozymes A/S

      6. 6.3.6 UPL Ltd

      7. 6.3.7 Baconco Vietnam

      8. 6.3.8 Vipesco

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Vietnam Crop Protection Chemicals Market market is studied from 2016 - 2026.

The Vietnam Crop Protection Chemicals Market is growing at a CAGR of 4.1% over the next 5 years.

Sumitomo Chemicals, UPL Vietnam Co Ltd, BASF SE, Bayer CropScience AG are the major companies operating in Vietnam Crop Protection Chemicals Market.

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