Market Size of vietnam fertilizers Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 3.44 Billion |
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Market Size (2030) | USD 4.20 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 3.38 % |
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Fastest Growing by Crop Type | Horticultural Crops |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Fertilizers Market Analysis
The Vietnam Fertilizers Market size is estimated at USD 3.44 billion in 2024, and is expected to reach USD 4.20 billion by 2030, growing at a CAGR of 3.38% during the forecast period (2024-2030).
- Fastest growing segment by Product - Manganese : Manganese availability in soil decreases with rising pH and is less mobile in the plants thus affecting the young parts of the plant which requires application of fertilizer.
- Largest Segment by Crop Type - Field Crops : Vietnam has large area under cultivation of field crops, especially rice which is spread over 7.3 million hectares of land, and where intensive cultivation is followed.
- Fastest growing by Speciality Type - Liquid Fertilizer : The demand for liquid fertilizer in Middle East and Africa region keeps up, as the soils in the region are dry and liquid fertilizers ensure easy absorbtion by the plants
- Largest segment by Application Mode - Soil : It is a conventional way of fertilizer application and can be applied without any equipment. This method of application improves both plant health and soil fertility.
