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[ 英語タイトル ] Vietnam Crop Protection Chemicals Market - Growth, Trends and Forecasts (2020 - 2025)


Product Code : MDAG0081324
Survey : Mordor Intelligence
Publish On : February, 2021
Category : Agriculture and Allied Activities
Report format : PDF
Sales price option (consumption tax not included)
Single User USD3250 / Question Form
5 User USD3750 / Question Form
Enterprise User USD6500 / Question Form
 - Adama Ltd

- BASF SE

- Bayer Crop Science

- Sumitomo Chemicals

- Novozymes A/S

- UPL Ltd

- Baconco Vietnam

- Vipesco

[Report Description]

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.

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.

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.

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.

Reasons to Purchase this report:



- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Herbicides
5.1.2 Insecticides
5.1.3 Fungicides
5.1.4 Others
5.2 Origin
5.2.1 Synthetic
5.2.2 Bio-based
5.3 Application
5.3.1 Grains and Cereals
5.3.2 Pulse and Oilseeds
5.3.3 Fruits and Vegetables
5.3.4 Commercial Crops
5.3.5 Other Applications

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Adama Ltd
6.3.2 BASF SE
6.3.3 Bayer Crop Science
6.3.4 Sumitomo Chemicals
6.3.5 Novozymes A/S
6.3.6 UPL Ltd
6.3.7 Baconco Vietnam
6.3.8 Vipesco

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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