Vietnam Specialty Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Vietnam Specialty Fertilizer Market is segmented by Speciality Type ( CRF, Liquid Fertilizer, SRF, Water Soluble ) , by Application Mode ( Fertigation, Foliar, Soil ) and by Crop Type ( Field Crops, Horticultural Crops, Turf & Ornamental )

Home right-chevron-icon Market Analysis right-chevron-icon Agriculture Research right-chevron-icon Fertilizers Research right-chevron-icon Specialty Fertilizers Research right-chevron-icon Vietnam Specialty Fertilizer Market

Vietnam Specialty Fertilizer Market Size

View Global Report
Vietnam Specialty Fertilizer Market
share button
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 162.97 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 201.97 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Speciality Type Water Soluble
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 3.64 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Speciality Type Liquid Fertilizer

Major Players
major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

Vietnam Specialty Fertilizer Market Analysis

The Vietnam Specialty Fertilizer Market size is estimated at USD 162.97 million in 2024, and is expected to reach USD 201.97 million by 2030, growing at a CAGR of 3.64% during the forecast period (2024-2030).

  • Largest segment by Speciality Type - Water Soluble : These are the most affordable Speciality fertilizers and can be applied through different methods of application like foliar, fertigation based on the need of thefarmers.
  • Fastest growing by Speciality Type - Liquid Fertilizer : The demand for liquid fertilizer in the country keeps up, as the soils in the region are dry and liquid fertilizers ensure easy absorption by the plants.
  • Largest Segment by Crop Type - Horticultural Crops : Vietnam has great potential in the Horticulture industry with growing demand for high-value crops, and even the government trying to increase the area under cultivation.
  • Largest segment by Application Mode - Fertigation : It is the most efficient and effort less method of fertilizer application. Ita adaption has increased with the increased adaption of micro irrigation systems in the country.

Vietnam Specialty Fertilizer Market Trends

This section covers the major market trends shaping the Vietnam Specialty Fertilizer Market according to our research experts:

Water Soluble is the largest segment by Speciality Type.

  • Water-soluble fertilizers accounted for a share of 52.4% of the total specialty fertilizers used in the country. The Vietnamese water-soluble fertilizer market was valued at USD 271.8 million in 2021, with a volume consumption of 485.8 thousand metric ton, due to the ease of application through micro-irrigation systems.
  • The market has seen a slightly decreasing trend since 2017. The market dip in 2018 was associated with floods and landslides in the Northern region of Vietnam, which destroyed around 1,203 ha of crops. The international trade disruptions and demand drop in 2020 due to the COVID-19 lockdown caused a decreasing trend after 2019. However, the volume consumption of specialty fertilizers stayed constant at 1.4 million metric ton over the years.
  • Liquid fertilizers take the second position in consumption, accounting for 46.6% of the total specialty fertilizers consumed in the country, with a market value of USD 242.0 million and a volume of 459.3 thousand metric ton in 2021. This segment was followed by controlled-release fertilizers and slow-release fertilizers, with a share of 0.65% and 0.21%, respectively.
  • These CRFs and SRFs generally release the nutrients in a paced manner and make the nutrients available to the crops throughout the season, depending on various soil factors. This nature of CRFs and SRFs reduces the amount of fertilizer applied to the soil, helps in reducing environmental degradation, and offers economic benefits to farmers.
  • Hence, the market for specialty fertilizers is anticipated to grow due to the efficiency of these fertilizers.
Vietnam Specialty Fertilizer Market

Vietnam Specialty Fertilizer Industry Overview

The Vietnam Specialty Fertilizer Market is moderately consolidated, with the top five companies occupying 45.98%. The major players in this market are Baconco, Compo Expert GmbH, Duc Giang Chemicals Group, Hebei Sanyuanjiuqi Fertilizer Co., Ltd. and Yara Vietnam (sorted alphabetically).

Vietnam Specialty Fertilizer Market Leaders

  1. Baconco

  2. Compo Expert GmbH

  3. Duc Giang Chemicals Group

  4. Hebei Sanyuanjiuqi Fertilizer Co., Ltd.

  5. Yara Vietnam

*Disclaimer: Major Players sorted in no particular order

Vietnam Specialty Fertilizer Market
bookmark Need More Details on Market Players and Competitors?
Download Sample

Vietnam Specialty Fertilizer Market News

  • November 2020: Duc Giang Chemicals Group launched two new fertilizer products called Anti-Salinity and Anti-Alum. These products helps palnt to resist salinity and alum, provide poly and mesoelement nutrients to plants.
  • January 2019: Haifa Group launched NutriNet, an online expert system which aims to support and optimize the process of creating customized fertilization programs. It assist growers in setting fertilization programs at free of cost.
  • December 2018: COMPO EXPERT got merged into Groupa Azoty a largest nitrogen fertilizer manufacturing company in europe to devolop their business.

Vietnam Specialty Fertilizer Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Acreage Of Major Crop Types

    2. 4.2. Average Nutrient Application Rates

    3. 4.3. Regulatory Framework

    4. 4.4. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Speciality Type

      1. 5.1.1. CRF

        1. 5.1.1.1. Polymer Coated

        2. 5.1.1.2. Polymer-Sulfur Coated

        3. 5.1.1.3. Others

      2. 5.1.2. Liquid Fertilizer

      3. 5.1.3. SRF

      4. 5.1.4. Water Soluble

    2. 5.2. Application Mode

      1. 5.2.1. Fertigation

      2. 5.2.2. Foliar

      3. 5.2.3. Soil

    3. 5.3. Crop Type

      1. 5.3.1. Field Crops

      2. 5.3.2. Horticultural Crops

      3. 5.3.3. Turf & Ornamental

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. Baconco

      2. 6.4.2. Compo Expert GmbH

      3. 6.4.3. Duc Giang Chemicals Group

      4. 6.4.4. Haifa Group

      5. 6.4.5. Hebei Sanyuanjiuqi Fertilizer Co., Ltd.

      6. 6.4.6. Yara Vietnam

  7. 7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter's Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VIETNAM MARKET, AREA YOY GROWTH RATE, 2016 - 2021
  1. Figure 2:  
  2. VIETNAM MARKET, AREA YOY GROWTH RATE, 2016 - 2021
  1. Figure 3:  
  2. VIETNAM MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 4:  
  2. VIETNAM MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 5:  
  2. VIETNAM MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 6:  
  2. VIETNAM MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 7:  
  2. VIETNAM MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 8:  
  2. VIETNAM MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 9:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 10:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE, USD, 2016 - 2028
  1. Figure 11:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 12:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, VALUE, USD, 2016 - 2028
  1. Figure 13:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 14:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 15:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY COATING TYPE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 16:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY COATING TYPE, VALUE, USD, 2016 - 2028
  1. Figure 17:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY COATING TYPE, 2016 - 2028
  1. Figure 18:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY COATING TYPE, 2016 - 2028
  1. Figure 19:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, METRIC TON, 2016 - 2028
  1. Figure 20:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, USD, 2016 - 2028
  1. Figure 21:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 22:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, METRIC TON, 2016 - 2028
  1. Figure 23:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, USD, 2016 - 2028
  1. Figure 24:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 25:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY COATING TYPE, OTHERS, METRIC TON, 2016 - 2028
  1. Figure 26:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY COATING TYPE, OTHERS, USD, 2016 - 2028
  1. Figure 27:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 28:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, LIQUID FERTILIZER, METRIC TON, 2016 - 2028
  1. Figure 29:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, LIQUID FERTILIZER, USD, 2016 - 2028
  1. Figure 30:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 31:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, SRF, METRIC TON, 2016 - 2028
  1. Figure 32:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, SRF, USD, 2016 - 2028
  1. Figure 33:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 34:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, WATER SOLUBLE, METRIC TON, 2016 - 2028
  1. Figure 35:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, WATER SOLUBLE, USD, 2016 - 2028
  1. Figure 36:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 37:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 38:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
  1. Figure 39:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
  1. Figure 40:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
  1. Figure 41:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
  1. Figure 42:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
  1. Figure 43:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 44:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
  1. Figure 45:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
  1. Figure 46:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 47:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
  1. Figure 48:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
  1. Figure 49:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 50:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 51:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
  1. Figure 52:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 53:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 54:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
  1. Figure 55:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
  1. Figure 56:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 57:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
  1. Figure 58:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
  1. Figure 59:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 60:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
  1. Figure 61:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
  1. Figure 62:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
  1. Figure 63:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 64:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 65:  
  2. VIETNAM SPECIALTY FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Vietnam Specialty Fertilizer Industry Segmentation

CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.
Speciality Type
CRF
Polymer Coated
Polymer-Sulfur Coated
Others
Liquid Fertilizer
SRF
Water Soluble
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
customize-icon Need A Different Region Or Segment?
Customize Now

Market Definition

  • AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
  • CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, Fiber Crops, and Forage Crops, Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
  • MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
  • NUTRIENT TYPES COVERED - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
bookmark Need More Details on Market Definition?
Ask a Question

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 for each country.
  • 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
download-icon Get More Details On Research Methodology
Download Sample
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the fertilizer industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the fertilizer industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

Vietnam Specialty Fertilizer Market Research FAQs

The Vietnam Specialty Fertilizer Market size is expected to reach USD 162.97 million in 2024 and grow at a CAGR of 3.64% to reach USD 201.97 million by 2030.

In 2024, the Vietnam Specialty Fertilizer Market size is expected to reach USD 162.97 million.

Baconco, Compo Expert GmbH, Duc Giang Chemicals Group, Hebei Sanyuanjiuqi Fertilizer Co., Ltd. and Yara Vietnam are the major companies operating in the Vietnam Specialty Fertilizer Market.

In the Vietnam Specialty Fertilizer Market, the Water Soluble segment accounts for the largest share by speciality type.

In 2024, the Liquid Fertilizer segment accounts for the fastest growing by speciality type in the Vietnam Specialty Fertilizer Market.

In 2023, the Vietnam Specialty Fertilizer Market size was estimated at USD 154.15 million. The report covers the Vietnam Specialty Fertilizer Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Specialty Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam Specialty Fertilizer Industry Report

Statistics for the 2024 Vietnam Specialty Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Specialty Fertilizer analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Vietnam Specialty Fertilizer Report Snapshots

Vietnam Specialty Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030