$280.9 Million Vietnam Fertilizer Market Outlook to 2023 - Human, Animal and Environmental Health Concerns are the Key Factors Driving Growth - ResearchAndMarkets.com

The "Vietnam
Fertilizer Market - Industry Analysis, Trends and Forecasts (2018 -
2023)" report has been added to ResearchAndMarkets.com's
offering.

The Vietnam fertilizer market was estimated at USD 228.1 million in 2017
and is expected to reach to USD 280.9 million by 2023, growing at a CAGR
of 4%.

Currently, the market is less regulated, less technologically, highly
competitive, and has good opportunities for growth in the biofertilizers
segment in Vietnam.

Agriculture is the most important economic sector in the country and
more than 70% of Vietnam's population is dependent on it. Agricultural
land occupies 80% of the country's area and as a large agricultural
producer, the country offers opportunities for growth of agrochemical
companies.

Market Dynamics

Vietnam Fertilizer industry has been witnessing a relatively steady to
high growth due to the expanding demand for agricultural produce in the
region. While the prevalence of chemical or synthetic based fertilizers
application in agricultural land would continue, human, animal, and
environmental health concerns would play key roles in driving growth for
safer products like organic and biofertilizers.

Major drivers include an increase in arable land, lowering of global
fertilizer prices and adoption of new farming practices. Restraints
include environmental and regulatory constraints pertaining to
agrochemical usages, growing demand for food safety and quality, and
market saturation.

Market Segmentation

By segment, biofertilizers are likely to witness faster growth in
comparison to synthetic chemicals in Vietnam. By application area,
fertilizers demand has been analyzed in terms of crop-based (including
grains & cereals, oilseeds, and fruits & vegetables) and non-crop-based
(including turf & ornamental grass etc.) applications.

Key Industry Players

The analysis of major companies in the Vietnam fertilizers industry has
taken into account strategy adopted, financial revenues and the latest
developments in the market.

Leading Players

• Monsanto
• Uralkali
• Intrepid Potash
• Makhteshim Agan Industries Ltd.
• E.I. Du Pont De Nemours & Company
• Yara International
• Sumitomo Chemical
• Nufarm Ltd.
• Dow Agrosciences LLC

Key Deliverables in the Study

• Market analysis for the Vietnam fertilizers market, with region
  specific assessments and competition analysis.
• Market definition along with the identification of key drivers and
  restraints.
• Identification of factors instrumental in changing the market
  scenarios, rising prospective opportunities, and identification of key
  companies that can influence this market.
• Extensively researched competitive landscape section with profiles of
  major companies along with their market shares.
• Identification and analysis of the macro and micro factors that affect
  the Vietnam fertilizers market.
• A comprehensive list of key market players along with the analysis of
  their current strategic interests and key financial information.
• Wide-ranging knowledge and insights about the major players in this
  industry and the key strategies adopted by them to sustain and grow in
  the studied market.
• Insights into the major regions of the country where this industry is
  growing and identifying the regions still untapped.

Topics Covered

1. Introduction

1.1 Definition of the Market

1.2 Research Methodology

1.3 Report Description

2. Key Findings of the Study

3. Market Overview

4. Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Increase in Arable Land

4.2.2 Need of Increased Land Productivity

4.2.3 Lowering of Global Fertilizer Prices

4.2.4 Adoption of New Farming Practices

4.3 Restraints

4.3.1 Market Saturation

4.3.2 Growing Demand for Food Safety and Quality

4.3.3 Natural Disaster

4.4 Opportunities

4.4.1 Organizations Promoting Organic Farming

4.4.2 Promotion of Sustainable and Integrated Pest Management Techniques

4.5 Porter's Five Forces Analysis

5. Market Segmentation

5.1 By Product Group/Segment

5.1.1 Synthetic Fertilizers

5.1.2.1 NPK

5.1.2.2 Urea

5.1.2.3 Phosphate

5.1.2.4 Diammonium Phosphate

5.1.2 Organic Fertilizers

5.1.2.1 Organic Residues

5.1.2.1.1 FYM

5.1.2.1.2 Crop Residues

5.1.2.1.3 Green Manure

5.1.2.1.4 Others

5.1.2.2 Biofertilizers

5.1.2.2.1 Azotobacter

5.1.2.2.2 Rhizobium

5.1.2.2.3 Azospirillum

5.1.2.2.4 Blue-Green Algae

5.1.2.2.5 Phosphate Solubilizing Bacteria

5.1.2.2.6 Mycorrhiza

5.1.2.2.7 Others

5.2 By Application

5.2.1. Crop -Based

5.2.1.1Grains & Cereals

5.2.1.2 Oil Seeds

5.2.1.3 Fruits & Vegetables

5.2.2. Non-Crop-Based

5.2.2.1 Turf & Ornamental Grass

5.2.2.2 Others

6. Competitive Landscape

6.1 Mergers & Acquisitions

6.2 Market Share Analysis

6.3 Strategies Adopted By Leading Players

6.4 Most Active Companies in the Past Five Years

7. Company Profiles

7.1 Monsanto

7.2 Uralkali

7.3 Intrepid Potash

7.4 Yara International

7.5 E.I. Du Pont De Nemours & Company

7.6 Makhteshim Agan Industries Ltd.

7.7 Indian Farmers Fertilizer Cooperative

7.8 Nufarm Ltd.

7.9 Sumitomo Chemical

7.10 Dow Agrosciences LLC

7.11 Israel Chemicals Ltd.

7.12 Syngenta AG.

7.13 K+S AG

7.14 BACONCO

7.15 General Material & Biochemistry Fertilizer

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