Market Size of vietnam specialty fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 162.97 Million |
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Market Size (2030) | USD 201.97 Million |
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Largest Share by Speciality Type | Water Soluble |
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CAGR (2024 - 2030) | 3.64 % |
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Fastest Growing by Speciality Type | Liquid Fertilizer |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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.
