Vietnam Biofertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Vietnam Biofertilizer Market is segmented by Form (Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium) and by Crop Type (Cash Crops, Horticultural Crops, Row Crops). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes market split by form and various crop types.

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Vietnam Biofertilizer Market Size

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Vietnam Biofertilizer Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 256.98 Thousand
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 404.46 Thousand
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Form Mycorrhiza
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 9.50 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Form Rhizobium

Major Players

Vietnam Biofertilizer Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Vietnam Biofertilizer Market Analysis

The Vietnam Biofertilizer Market size is estimated at 256.98 thousand USD in 2024, and is expected to reach 404.46 thousand USD by 2029, growing at a CAGR of 9.50% during the forecast period (2024-2029).

256.98 Thousand

Market Size in 2024 (USD)

404.46 Thousand

Market Size in 2029 (USD)

2.60 %

CAGR (2017-2023)

9.50 %

CAGR (2024-2029)

Largest by Form

66.38 %

value share, Mycorrhiza, 2023

Icon image

The mycorrhizal association helps boost phosphorus, other nutrients, and water absorption from the soil, supporting plant growth and development and increase yield upto 50%.

Fastest by Form

11.59 %

Projected CAGR, Rhizobium, 2024-2029

Icon image

The application of rhizobium-based biofertilizers is recommended in leguminous crops like for crops. In these crops, rhizobium biofertilizer can increase the yield upto 35%.

Largest by Crop Type

56.82 %

value share, Horticultural Crops, 2023

Icon image

The domination of the horticultural crops is mainly due to their large organic cultivation area, which account for about 59.4% of the total organic crop area in 2021.

Fastest by Crop Type

9.80 %

Projected CAGR, Cash Crops, 2024-2029

Icon image

The major cash crop grown in the country includes Coffee, tea, rubber and spices crops. Mycorrhiza-based biofertilizers are mostly consumed biofertilizers in cash crops.

Leading Market Player

29.82 %

market share, DAI THANH JOINT STOCK COMPANY, 2022

Icon image

The Dai Thanh Joint Stock Company has developed its products in liquid and water-soluble forms making them suitable for the foliar spraying method and for crop types.

  • The biofertilizer market in the country grew by 2.1% during the historical period (2017-2021). The limited growth of the biofertilizer market in the country is mainly attributed to the limited increase in overall organic cultivation area, which increased by 3.2 thousand hectares between 2017 and 2021. However, the market value of biofertilizers is anticipated to increase by about 71.6% by the end of the forecast period.
  • The consumption of mycorrhiza-based biofertilizers is dominant in the country, accounting for about USD 143.7 thousand in 2022. The dominance of these biofertilizers is because the mycorrhizal association has the potential to boost phosphorus, other nutrients, and water absorption from the soil, supporting plant growth and development and increasing yield by about 30-50%. Even though mycorrhiza dominates the market, Rhizobium-based biofertilizers are anticipated to increase faster than other biofertilizers during the forecast period.
  • The consumption of biofertilizers is dominant in fruit and vegetable crops, accounting for about USD 133.9 thousand in 2022. The domination of horticultural crops is mainly due to their large cultivation area in the country, i.e., about 59.4% of the total organic crop area in 2021.
  • There is a huge demand for organic products in domestic and international markets. The overuse of chemical fertilizers is one of the major challenges in the country. The Vietnamese government authorities are promoting sustainable or organic cultivation practices through various schemes or programs by providing incentives for biofertilizers, which may drive the market during the forecast period.
Vietnam Biofertilizer Market

Vietnam Biofertilizer Market Trends

The country plans to expand organic farming, with fruits and vegetables as the top priority due to increasing demand

  • Over the past two decades, organic farming in Vietnam has expanded steadily, driven by increasing demand for safe and organic food by European and Vietnamese consumers. The area under organic crop cultivation in Vietnam was 38.0 thousand ha in 2022, 1.0% of the overall organic agricultural land in Asia-Pacific. In 2021, there were approximately 17,000 organic agriculture producers, 555 processors, and 60 exporters in Vietnam.
  • Organic cultivation of fruit and vegetable crops dominates the country, accounting for 58.8% of the area in 2022, followed by cash crops and row crops, accounting for 35.7% and 5.5%, respectively. Vietnam's main organic agricultural products include rice, coconut, coffee, cocoa, tea, vegetables, cinnamon, and anise.
  • Vietnam has been looking for ways to increase the export of organic farm produce due to increased global demand as consumers become more health conscious. The United States and the European Union are the largest markets for Vietnamese organic products, holding a combined market share of 90.0%. According to recent estimates, Vietnam currently has 60 firms focusing on the export of organic agricultural goods, which accounted for a combined revenue of USD 550.0 million in 2021.
  • Vietnam has set the target of increasing the total organic land area to 2.5-3.0% of the agricultural land area by 2030. With the national policies that have been issued since 2017 and government programs, such as the National Organic Standard, the Decree on Organic Agriculture, and the National Organic Agriculture Project 2020-2030 to promote organic agriculture, more provinces and cities are actively developing local programs and projects to develop organic agriculture.
Vietnam Biofertilizer Market

Approximately 88% of the Hanoi consumers are willing to by organic produce, leads to increase in per capita spending.

  • Vietnamese have gradually begun to pay more attention to product quality and health than they had previously. Health and fitness are still among the top five concerns of Vietnamese consumers. Vietnam's per capita income has continuously increased over the years, encouraging people to spend more money on nutritious food.
  • High levels of pesticides and chemical fertilizers inside vegetables are always risky to the Vietnamese population. The government controls and safely certifies 30% of the area for vegetable production in Hanoi. Samples of 185 respondents surveyed at four big supermarkets in Hanoi were analyzed by descriptive statistics, and the results concluded that about 15% of the consumers had already used organic vegetables. However, 88% wanted to try and buy if organic products were available in the market.
  • Major reasons for the limitation in the consumption of organic foods were the lack of information about the organic market and the inconvenience of buying. The average price paid for organic vegetables was about 70% higher than that of conventional ones. High-income customers are concerned about the safety of vegetables, and people who have used them in the past would likely pay more for organic vegetables. These findings suggest that information about organic vegetables should be widely publicized to consumers in the future.
  • The rising organic food consumption in Vietnam leads to increasing domestic demand, requiring a higher conversion of land to organic farming to produce the desired product. The demand demand for organic protection and nutrition products is increasing to ensure the quality of the produce, thus indicating a potential growth in the biofertilizer market in the country.
Vietnam Biofertilizer Market

Vietnam Biofertilizer Industry Overview

The Vietnam Biofertilizer Market is fairly consolidated, with the top five companies occupying 89.19%. The major players in this market are Atlántica Agrícola, BIOWAY ORGANIC HIGH TECH JOINT STOCK COMPANY, DAI THANH JOINT STOCK COMPANY, Song Gianh Corporation Joint Stock Company and Suståne Natural Fertilizer Inc. (sorted alphabetically).

Vietnam Biofertilizer Market Leaders

  1. Atlántica Agrícola

  2. BIOWAY ORGANIC HIGH TECH JOINT STOCK COMPANY

  3. DAI THANH JOINT STOCK COMPANY

  4. Song Gianh Corporation Joint Stock Company

  5. Suståne Natural Fertilizer Inc.

Vietnam Biofertilizer Market Concentration

Other important companies include Biotech Bio-Agriculture, DAI NAM MANUFACTURING & TRADING COMPANY LIMITED, Que Lam Group.

*Disclaimer: Major Players sorted in alphabetical order.

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Vietnam Biofertilizer Market News

  • January 2021: Atlántica Agrícola’s developed Micomix, a biostimulant composed primarily of mycorrhizal fungi, rhizobacteria, and chelated micronutrients. The presence and development of these microorganisms in the rhizosphere create a symbiotic relationship with the plant that favors the absorption of water and mineral nutrients and increases its tolerance to water and salt stress.
  • May 2019: Ho Chi Minh City-based Que Lam Group inaugurated its bio-organic fertilizer plant worth USD 21.54 million in the northern province of Vinh Phuc. The plant is spread over 4 hectares of land with an annual production capacity of 250,000 metric tons of bio-organic fertilizers. This move helped the company strengthen its presence in the country.
  • May 2017: Bioway Hitech Fertiliser Joint Stock Company signed an agreement on the sole reception of Bioway AT-12H super-fast fermentation technology from Bioway Organic USA Company. With this technology, all organic wastes from animal manure and microorganisms will be able to manufacture biofertilizers in a short time, perhaps less than 12 hours, without polluting the environment because of high-temperature sterilization.

Free with this Report

Along with the report, We also offer a comprehensive and exhaustive data pack on Areas under organic cultivation, one of the key trends that affect the market size of agricultural biologicals. This data pack also includes areas under cultivation by crop types, such as Row Crops (Cereals, Pulses, and Oilseeds), Horticultural Crops (Fruits and Vegetables), and Cash Crops in North America, Europe, Asia-Pacific, South America and Africa.

Vietnam Biofertilizer Market
Vietnam Biofertilizer Market
Vietnam Biofertilizer Market
Vietnam Biofertilizer Market

Vietnam Biofertilizer Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Area Under Organic Cultivation
  • 4.2 Per Capita Spending On Organic Products
  • 4.3 Regulatory Framework
    • 4.3.1 Vietnam
  • 4.4 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Form
    • 5.1.1 Azospirillum
    • 5.1.2 Azotobacter
    • 5.1.3 Mycorrhiza
    • 5.1.4 Phosphate Solubilizing Bacteria
    • 5.1.5 Rhizobium
    • 5.1.6 Other Biofertilizers
  • 5.2 Crop Type
    • 5.2.1 Cash Crops
    • 5.2.2 Horticultural Crops
    • 5.2.3 Row Crops

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 Atlántica Agrícola
    • 6.4.2 Biotech Bio-Agriculture
    • 6.4.3 BIOWAY ORGANIC HIGH TECH JOINT STOCK COMPANY
    • 6.4.4 DAI NAM MANUFACTURING & TRADING COMPANY LIMITED
    • 6.4.5 DAI THANH JOINT STOCK COMPANY
    • 6.4.6 Que Lam Group
    • 6.4.7 Song Gianh Corporation Joint Stock Company
    • 6.4.8 Suståne Natural Fertilizer Inc.

7. KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. VIETNAM BIOFERTILIZER MARKET, AREA UNDER ORGANIC CULTIVATION, HECTARES, 2017 - 2022
  1. Figure 2:  
  2. VIETNAM BIOFERTILIZER MARKET, PER CAPITA SPENDING ON ORGANIC PRODUCTS, USD, 2017 - 2022
  1. Figure 3:  
  2. VIETNAM BIOFERTILIZER MARKET, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 4:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 6:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 7:  
  2. VIETNAM BIOFERTILIZER MARKET, VOLUME SHARE(%), BY FORM, 2017 - 2029
  1. Figure 8:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY FORM, 2017 - 2029
  1. Figure 9:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 10:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 11:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 12:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 13:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 14:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 15:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 16:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 17:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 18:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 19:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 20:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 21:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 22:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 23:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 24:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 25:  
  2. VIETNAM BIOFERTILIZER MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 26:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 27:  
  2. VIETNAM BIOFERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 28:  
  2. VIETNAM BIOFERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 29:  
  2. VIETNAM BIOFERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2017 - 2029
  1. Figure 30:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2017 - 2029
  1. Figure 31:  
  2. VIETNAM BIOFERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 32:  
  2. VIETNAM BIOFERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 33:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 34:  
  2. VIETNAM BIOFERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 35:  
  2. VIETNAM BIOFERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 36:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 37:  
  2. VIETNAM BIOFERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 38:  
  2. VIETNAM BIOFERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 39:  
  2. VIETNAM BIOFERTILIZER MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 40:  
  2. VIETNAM BIOFERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017-2022
  1. Figure 41:  
  2. VIETNAM BIOFERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2017-2022
  1. Figure 42:  
  2. VIETNAM BIOFERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2023

Vietnam Biofertilizer Industry Segmentation

Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type.

  • The biofertilizer market in the country grew by 2.1% during the historical period (2017-2021). The limited growth of the biofertilizer market in the country is mainly attributed to the limited increase in overall organic cultivation area, which increased by 3.2 thousand hectares between 2017 and 2021. However, the market value of biofertilizers is anticipated to increase by about 71.6% by the end of the forecast period.
  • The consumption of mycorrhiza-based biofertilizers is dominant in the country, accounting for about USD 143.7 thousand in 2022. The dominance of these biofertilizers is because the mycorrhizal association has the potential to boost phosphorus, other nutrients, and water absorption from the soil, supporting plant growth and development and increasing yield by about 30-50%. Even though mycorrhiza dominates the market, Rhizobium-based biofertilizers are anticipated to increase faster than other biofertilizers during the forecast period.
  • The consumption of biofertilizers is dominant in fruit and vegetable crops, accounting for about USD 133.9 thousand in 2022. The domination of horticultural crops is mainly due to their large cultivation area in the country, i.e., about 59.4% of the total organic crop area in 2021.
  • There is a huge demand for organic products in domestic and international markets. The overuse of chemical fertilizers is one of the major challenges in the country. The Vietnamese government authorities are promoting sustainable or organic cultivation practices through various schemes or programs by providing incentives for biofertilizers, which may drive the market during the forecast period.
Form Azospirillum
Azotobacter
Mycorrhiza
Phosphate Solubilizing Bacteria
Rhizobium
Other Biofertilizers
Crop Type Cash Crops
Horticultural Crops
Row Crops
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Market Definition

  • AVERAGE DOSAGE RATE - The average application rate is the average volume of biofertilizers applied per hectare of farmland in the respective region/country.
  • CROP TYPE - Crop type includes Row crops (Cereals, Pulses, Oilseeds), Horticultural Crops (Fruits and vegetables) and Cash Crops (Plantation Crops, Fibre Crops and Other Industrial Crops)
  • FUNCTION - The crop nutrition function of agricultural biological consists of various products that provide essential plant nutrients and enhance soil quality.
  • TYPE - Biofertilizers enhance soil quality by increasing the population of beneficial microorganisms. They help crops absorb nutrients from the environment.
Keyword Definition
Cash Crops​ Cash crops are non-consumable crops sold as a whole or part of the crop to manufacture end-products to make a profit.
Integrated Pest Management (IPM)​ IPM is an environment-friendly and sustainable approach to control pests in various crops. It involves a combination of methods, including biological controls, cultural practices, and selective use of pesticides.
Bacterial biocontrol agents​ Bacteria used to control pests and diseases in crops. They work by producing toxins harmful to the target pests or competing with them for nutrients and space in the growing environment. Some examples of commonly used bacterial biocontrol agents include Bacillus thuringiensis (Bt), Pseudomonas fluorescens, and Streptomyces spp.​
Plant Protection Product (PPP)​ A plant protection product is a formulation applied to crops to protect from pests, such as weeds, diseases, or insects. They contain one or more active substances with other co-formulants such as solvents, carriers, inert material, wetting agents or adjuvants formulated to give optimum product efficacy.​
Pathogen​ A pathogen is an organism causing disease to its host, with the severity of the disease symptoms.​
Parasitoids​ Parasitoids are insects that lay their eggs on or within the host insect, with their larvae feeding on the host insect. In agriculture, parasitoids can be used as a form of biological pest control, as they help to control pest damage to crops and decrease the need for chemical pesticides.​
Entomopathogenic Nematodes (EPN)​ Entomopathogenic nematodes are parasitic roundworms that infect and kill pests by releasing bacteria from their gut. Entomopathogenic nematodes are a form of biocontrol agents used in agriculture.​
Vesicular-arbuscular mycorrhiza (VAM)​ VAM fungi are mycorrhizal species of fungus. They live in the roots of different higher-order plants. They develop a symbiotic relationship with the plants in the roots of these plants.​
Fungal biocontrol agents​ Fungal biocontrol agents are the beneficial fungi that control plant pests and diseases. They are an alternative to chemical pesticides. They infect and kill the pests or compete with pathogenic fungi for nutrients and space.​
Biofertilizers​ Biofertilizers contain beneficial microorganisms that enhance soil fertility and promote plant growth.​
Biopesticides​ Biopesticides are natural/bio-based compounds used to manage agricultural pests using specific biological effects.​
Predators​ Predators in agriculture are the organisms that feed on pests and help control pest damage to the crops. Some common predator species used in agriculture include ladybugs, lacewings, and predatory mites.​
Biocontrol agents​ Biocontrol agents are living organisms used to control pests and diseases in agriculture. They are alternatives to chemical pesticides and are known for their lesser impact on the environment and human health.​
Organic Fertilizers​ Organic fertilizer is composed of animal or vegetable matter used alone or in combination with one or more non-synthetically derived elements or compounds used for soil fertility and plant growth.​
Protein hydrolysates (PHs)​ Protein hydrolysate-based biostimulants contain free amino acids, oligopeptides, and polypeptides produced by enzymatic or chemical hydrolysis of proteins, primarily from vegetal or animal sources.​
Biostimulants/Plant Growth Regulators (PGR)​ Biostimulants/Plant Growth Regulators (PGR) are substances derived from natural resources to enhance plant growth and health by stimulating plant processes (metabolism).​
Soil Amendments​ Soil Amendments are substances applied to soil that improve soil health, such as soil fertility and soil structure.​
Seaweed Extract​ Seaweed extracts are rich in micro and macronutrients, proteins, polysaccharides, polyphenols, phytohormones, and osmolytes. These substances boost seed germination and crop establishment, total plant growth and productivity.​
Compounds related to biocontrol and/or promoting growth (CRBPG)​ Compounds related to biocontrol or promoting growth (CRBPG)​ are the ability of a bacteria to produce compounds for phytopathogen biocontrol and plant growth promotion.​
Symbiotic Nitrogen-Fixing Bacteria​ Symbiotic nitrogen-fixing bacteria such as Rhizobium obtain food and shelter from the host, and in return, they help by providing fixed nitrogen to the plants.​
Nitrogen Fixation​ Nitrogen fixation is a chemical process in soil which converts molecular nitrogen into ammonia or related nitrogenous compounds.​
ARS (Agricultural Research Service)​ ARS is the U.S. Department of Agriculture's chief scientific in-house research agency. It aims to find solutions to agricultural problems faced by the farmers in the country.​
Phytosanitary Regulations​ Phytosanitary regulations imposed by the respective government bodies check or prohibit the importation and marketing of certain insects, plant species, or products of these plants to prevent the introduction or spread of new plant pests or pathogens.​
Ectomycorrhizae (ECM)​ Ectomycorrhiza (ECM) is a symbiotic interaction of fungi with the feeder roots of higher plants in which both the plant and the fungi benefit through the association for survival.​
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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.
  • 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.
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Vietnam Biofertilizer Market Research FAQs

The Vietnam Biofertilizer Market size is expected to reach USD 256.98 thousand in 2024 and grow at a CAGR of 9.50% to reach USD 404.46 thousand by 2029.

In 2024, the Vietnam Biofertilizer Market size is expected to reach USD 256.98 thousand.

Atlántica Agrícola, BIOWAY ORGANIC HIGH TECH JOINT STOCK COMPANY, DAI THANH JOINT STOCK COMPANY, Song Gianh Corporation Joint Stock Company and Suståne Natural Fertilizer Inc. are the major companies operating in the Vietnam Biofertilizer Market.

In the Vietnam Biofertilizer Market, the Mycorrhiza segment accounts for the largest share by form.

In 2024, the Rhizobium segment accounts for the fastest growing by form in the Vietnam Biofertilizer Market.

In 2023, the Vietnam Biofertilizer Market size was estimated at 256.98 thousand. The report covers the Vietnam Biofertilizer Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Biofertilizer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Vietnam Biofertilizer Industry Report

Statistics for the 2023 Vietnam Biofertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Biofertilizer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Vietnam Biofertilizer Market Report Snapshots

Vietnam Biofertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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