Vietnam Biopesticides Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 15.58 Million |
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Market Size (2029) | USD 24.09 Million |
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Largest Share by Form | Bioherbicides |
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CAGR (2024 - 2029) | 9.11 % |
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Fastest Growing by Form | Bioinsecticides |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Biopesticides Market Analysis
The Vietnam Biopesticides Market size is estimated at 15.58 million USD in 2024, and is expected to reach 24.09 million USD by 2029, growing at a CAGR of 9.11% during the forecast period (2024-2029).
15.58 Million
Market Size in 2024 (USD)
24.09 Million
Market Size in 2029 (USD)
1.88 %
CAGR (2017-2023)
9.11 %
CAGR (2024-2029)
Largest by Form
31.66 %
value share, Bioherbicides, 2023
Bioherbicides are weed control agents that are biological in nature. Bioherbicides contains invasive genetics that can attack and kill the weeds' defense genetics.
Fastest by Form
10.54 %
Projected CAGR, Bioinsecticides, 2024-2029
Bioinsecticides are naturally occurring substances derived from various sources, highly effective in small quantities, and only affect target pests with low toxicity.
Largest by Crop Type
58.96 %
value share, Horticultural Crops, 2023
Horticultural crops are consuming more biopesticides in their cultivation compared to other crops, bioherbicides are the most consumed pesticides in the horticultural sector.
Fastest by Crop Type
9.12 %
Projected CAGR, Cash Crops, 2024-2029
Tea, tobacco, rubber, pepper, cashews, soya beans, and coconut are major crops grown in Vietnam. Biopesticides consumption value in cash crops accounted for 35.5% in 2022.
Leading Market Player
1.74 %
market share, Vipesco, 2022
The company offers wide range of biological plant protection products like biofungicides and bioinsecticides to customers, which target a wide range of crop pests.
- Biopesticides are crop protection products that are safe to use and are based on microorganisms, plant extracts, and other natural compounds. They have a variety of appealing properties for integrated pest management (IPM). Biopesticides encourage the growth of beneficial microorganisms while controlling harmful pests. According to FAO, agricultural pests cause up to 40.0% of crop loss annually.
- Bioherbicides dominate the biopesticides market in the country, and they accounted for a share of 31.5% in 2022. In Vietnam, some genera used as bioherbicides are Colletotrichum, Fusarium, Alternaria, Cercospora, Puccinia, Entyloma, Ascochyta, and Sclerotinia.
- Agroecology policies are developed in Vietnam in order to promote particular agroecological practices like agroforestry, integrated pest management (IPM), integrated crop management (ICM), standardization of agricultural practices organic production, food safety control, and conservation and landscape agriculture policies.
- IPM and ICM are intended to assist farmers in understanding the field ecology, using suitable farming techniques, managing the production system effectively, growing healthy crops, and using fewer pesticides and fertilizers in fields. These policies are expected to propel the biopesticides market in the country.
- Pesticide Action Network (PAN) Asia Pacific (PANAP) is a global organization working to eliminate the harm that pesticide usage causes to people and the environment and advance ecological agriculture based on biodiversity. This program also raises awareness about the negative consequences of pesticides, which is expected to increase the domestic market value of biopesticides by 68.0% during the forecast period (2023-2029).
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Vietnam Biopesticides Market Trends
The country plans to expand organic farming, with fruits and vegetables as the top priority due to increasing demand
- The area under organic crop cultivation in Vietnam was recorded at 38.0 thousand hectares in 2022, around 1% of the overall Asia-Pacific organic agricultural land. In Vietnam, there are currently approximately 17,000 organic agriculture producers, 555 processors, and 60 exporters.
- Vietnam has been trying to increase the export of organic farm produce as global demand is expected to rise rapidly as consumers become more health conscious. Organic cultivation in the fruit and vegetable crops is dominating the country's organic farming, and it accounted for 58.8% in 2022, followed by cash crops and row crops, accounting for 35.7% and 5.5% in the same year, respectively.
- With national policies 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 in Vietnam, more provinces and cities have actively developed local programs and projects to develop organic agriculture.
- Organic agriculture is thriving in Vietnam, with numerous projects funded by the government, international partners, and the private sector. Participatory Guarantee Systems (PGS) are becoming more popular and are being replicated in an increasing number of communities. The Vietnam Organic Agriculture Association (VOAA) currently has 17 PGS groups in 13 provinces, five of which are operational and the rest in the planning stages. These PGS groups' products include vegetables, rice, oranges, and grapefruits.
- Organic products from Vietnam are available in 180 countries. Vietnam has set a target of increasing the total organic land area to 2.5-3% of the total agricultural land area by 2030.
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Approximately 88% of the Hanoi consumers are willing to by organic produce, leads to increase in per capita spending.
- People in Vietnam have gradually begun to pay more attention to product quality and health than they had previously. Health and fitness are still among Vietnamese consumers' top five concerns. Vietnam's per capita income has continuously increased, encouraging people to spend more on nutritious food.
- High levels of pesticides and chemical fertilizers inside vegetables are always risky for Vietnamese people. Around 30% of the area for vegetable production in Hanoi is controlled and safely certified by the government. Descriptive statistics and the results analyzed a sample of 185 respondents surveyed at four big supermarkets in Hanoi concluded that about 15% of the consumers already had the experience of using organic vegetables. However, 88% wanted to try and buy organic products if they 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 organic products. The average price for organic vegetables was about 70% higher than that of conventional ones. High-income customers were also concerned about the safety of vegetables, and those who previously consumed organic products were likely to pay more for organic vegetables. These findings suggest that information about organic vegetables should be widely publicized to consumers.
- The rising organic food consumption in Vietnam leads to increasing domestic demand. This requires a higher land conversion to organic farming to produce the desired product. A subsequent increase in the demand for organic protection and nutrition products is needed to ensure the quality of the product, thus determining potential growth in the biofertilizers market in the country.
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Vietnam Biopesticides Industry Overview
The Vietnam Biopesticides Market is fragmented, with the top five companies occupying 3.19%. The major players in this market are Corteva Agriscience, Marrone Bio Innovations Inc., UPL, Valent BioSciences LLC and Vipesco (sorted alphabetically).
Vietnam Biopesticides Market Leaders
Corteva Agriscience
Marrone Bio Innovations Inc.
UPL
Valent BioSciences LLC
Vipesco
Other important companies include Biotech Bio-Agriculture.
*Disclaimer: Major Players sorted in alphabetical order.
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Vietnam Biopesticides Market News
- September 2018: Marrone Bio Innovations Inc., a leading provider of bio-based pest management and plant health products for agriculture, signed an exclusive distribution agreement with Hop Tri Investment Corporation for three MBI products in Vietnam and Cambodia.
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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 Biopesticides 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
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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)
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5.1 Form
- 5.1.1 Biofungicides
- 5.1.2 Bioherbicides
- 5.1.3 Bioinsecticides
- 5.1.4 Other Biopesticides
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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
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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 Biotech Bio-Agriculture
- 6.4.2 Corteva Agriscience
- 6.4.3 Marrone Bio Innovations Inc.
- 6.4.4 UPL
- 6.4.5 Valent BioSciences LLC
- 6.4.6 Vipesco
7. KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS
8. APPENDIX
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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
List of Tables & Figures
- Figure 1:
- VIETNAM BIOPESTICIDES MARKET, AREA UNDER ORGANIC CULTIVATION, HECTARES, 2017 - 2022
- Figure 2:
- VIETNAM BIOPESTICIDES MARKET, PER CAPITA SPENDING ON ORGANIC PRODUCTS, USD, 2017 - 2022
- Figure 3:
- VIETNAM BIOPESTICIDES MARKET, VOLUME, METRIC TON, 2017 - 2029
- Figure 4:
- VIETNAM BIOPESTICIDES MARKET, VALUE, USD, 2017 - 2029
- Figure 5:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 6:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 7:
- VIETNAM BIOPESTICIDES MARKET, VOLUME SHARE(%), BY FORM, 2017 - 2029
- Figure 8:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY FORM, 2017 - 2029
- Figure 9:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 10:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 11:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 12:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 13:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 14:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 15:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 16:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 17:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 18:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
- Figure 19:
- VIETNAM BIOPESTICIDES MARKET, BY FORM, VALUE, USD, 2017 - 2029
- Figure 20:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
- Figure 21:
- VIETNAM BIOPESTICIDES MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
- Figure 22:
- VIETNAM BIOPESTICIDES MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
- Figure 23:
- VIETNAM BIOPESTICIDES MARKET, VOLUME SHARE(%), BY CROP TYPE, 2017 - 2029
- Figure 24:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY CROP TYPE, 2017 - 2029
- Figure 25:
- VIETNAM BIOPESTICIDES MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
- Figure 26:
- VIETNAM BIOPESTICIDES MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
- Figure 27:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 28:
- VIETNAM BIOPESTICIDES MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
- Figure 29:
- VIETNAM BIOPESTICIDES MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
- Figure 30:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 31:
- VIETNAM BIOPESTICIDES MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
- Figure 32:
- VIETNAM BIOPESTICIDES MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
- Figure 33:
- VIETNAM BIOPESTICIDES MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
- Figure 34:
- VIETNAM BIOPESTICIDES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017-2022
- Figure 35:
- VIETNAM BIOPESTICIDES MARKET, MOST ADOPTED STRATEGIES, 2017-2022
- Figure 36:
- VIETNAM BIOPESTICIDES MARKET SHARE(%), BY MAJOR PLAYERS, 2023
Vietnam Biopesticides Industry Segmentation
Biofungicides, Bioherbicides, Bioinsecticides are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type.
- Biopesticides are crop protection products that are safe to use and are based on microorganisms, plant extracts, and other natural compounds. They have a variety of appealing properties for integrated pest management (IPM). Biopesticides encourage the growth of beneficial microorganisms while controlling harmful pests. According to FAO, agricultural pests cause up to 40.0% of crop loss annually.
- Bioherbicides dominate the biopesticides market in the country, and they accounted for a share of 31.5% in 2022. In Vietnam, some genera used as bioherbicides are Colletotrichum, Fusarium, Alternaria, Cercospora, Puccinia, Entyloma, Ascochyta, and Sclerotinia.
- Agroecology policies are developed in Vietnam in order to promote particular agroecological practices like agroforestry, integrated pest management (IPM), integrated crop management (ICM), standardization of agricultural practices organic production, food safety control, and conservation and landscape agriculture policies.
- IPM and ICM are intended to assist farmers in understanding the field ecology, using suitable farming techniques, managing the production system effectively, growing healthy crops, and using fewer pesticides and fertilizers in fields. These policies are expected to propel the biopesticides market in the country.
- Pesticide Action Network (PAN) Asia Pacific (PANAP) is a global organization working to eliminate the harm that pesticide usage causes to people and the environment and advance ecological agriculture based on biodiversity. This program also raises awareness about the negative consequences of pesticides, which is expected to increase the domestic market value of biopesticides by 68.0% during the forecast period (2023-2029).
| Form | Biofungicides |
| Bioherbicides | |
| Bioinsecticides | |
| Other Biopesticides | |
| 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 biopesticides 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 Protection function of agirucultural biological include products that prevent or control various biotic and abiotic stress.
- TYPE - Biopesticides prevent or control various pests, including insects, diseases, and weeds, from causing crop damage and yield loss.
| 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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