Vietnam Fungicide Market Size

The Vietnam fungicide market is projected to experience growth over the forecast period, driven by various application methods such as foliar application, soil treatment, chemigation, and fumigation. Foliar application leads the market due to its effectiveness in treating crops where foliage is the primary disease site. Soil treatment is gaining traction as a preventive measure against soil-borne fungi, while chemigation is becoming more popular for its efficiency in delivering fungicides to crops requiring controlled application. Fumigation plays a crucial role in maintaining soil health and preventing pathogen spread, with advancements in technology enhancing its effectiveness.

INSTANT ACCESS

Home Market Analysis Agriculture Research Crop Protection Research Vietnam Fungicide Market Market Size

Market Size of vietnam fungicide Industry

Vietnam Fungicide Market Summary
share button
svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 392.8 Million
svg icon Market Size (2029) USD 482.6 Million
svg icon Largest Share by Application Mode Foliar
svg icon CAGR (2024 - 2029) 4.20 %
svg icon Fastest Growing by Application Mode Foliar

Major Players

Vietnam Fungicide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

Vietnam Fungicide Market Analysis

The Vietnam Fungicide Market size is estimated at 392.8 million USD in 2024, and is expected to reach 482.6 million USD by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).

392.8 Million

Market Size in 2024 (USD)

482.6 Million

Market Size in 2029 (USD)

7.09 %

CAGR (2017-2023)

4.20 %

CAGR (2024-2029)

Largest Segment by Application Mode

61.15 %

value share, Foliar, 2023

Icon image

The farmers in the country are recognizing the effectiveness of applying fungicides directly to the foliage to control fungal diseases in various crops.

Largest Segment by Crop Type

64.68 %

value share, Grains & Cereals, 2023

Icon image

Grains and cereals such as rice, maize (corn), wheat, barley, and oats significantly contribute to the fungicide market in Vietnam because of their large cultivation areas.

Fastest-Growing Segment by Crop Type

4.41 %

Projected CAGR, Fruits & Vegetables, 2024-2029

Icon image

The market for fruits and vegetables is anticipated to witness a substantial increase during the forecast period, as fungal diseases can cause yield losses and quality deterioration.

Leading Market Player 1

13.41 %

market share, Syngenta Group, 2022

Icon image

Syngenta Group introduced TYMIRIUM technology, an active ingredient for seed treatment, which is designed for both soil and seed-applied applications.

Leading Market Player 2

7.86 %

market share, UPL Limited, 2022

Icon image

UPL provides a wide range of fungicides based on nine active ingredients to control fungal disease in more than 20 crops, including soybean, sugar beet, cotton, and rice.

The rising pest pressure is driving the demand for insecticides in various application methods

  • The fungicide market in Vietnam is categorized by various applications, including chemigation, foliar application, fumigation, and soil treatment. These different application methods serve as important means of effectively applying fungicides in diverse agricultural contexts within the country.
  • Foliar application dominates the market. Fungicide's market value in this segment is expected to register a CAGR of 4.3% during the forecast period (2023-2029) because it is widely applied in various crops, including grains, cereals, fruits, and vegetables, where the foliage is the primary site of disease occurrence.
  • Soil treatment is commonly used in Vietnam to protect from soil-borne fungi that pose a significant threat to the plant's health and productivity. The market is expected to register a CAGR of 4.0% due to the rising adoption of seed treatment chemicals as a preventive measure to avoid crop losses.
  • The chemigation method is also commonly used in Vietnam for crops that require a consistent and controlled application, such as fruits and vegetables. The segment is expected to grow, registering a CAGR of 3.8% during the forecast period (2023-2029) because more farmers are adopting this practice as a means to efficiently deliver fungicides to their crops.
  • Fumigation is particularly important in Vietnam's agricultural practices, as it helps maintain soil health and prevent the spread of pathogens to vulnerable crops. Advancements in fumigation technologies and equipment, along with improved formulations of fungicides, are expected to contribute to the growth of the market as new technologies and improved fumigation application methods are enhancing the efficiency of fungicides.
Vietnam Fungicide Market

Vietnam Fungicide Industry Segmentation

Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type.

  • The fungicide market in Vietnam is categorized by various applications, including chemigation, foliar application, fumigation, and soil treatment. These different application methods serve as important means of effectively applying fungicides in diverse agricultural contexts within the country.
  • Foliar application dominates the market. Fungicide's market value in this segment is expected to register a CAGR of 4.3% during the forecast period (2023-2029) because it is widely applied in various crops, including grains, cereals, fruits, and vegetables, where the foliage is the primary site of disease occurrence.
  • Soil treatment is commonly used in Vietnam to protect from soil-borne fungi that pose a significant threat to the plant's health and productivity. The market is expected to register a CAGR of 4.0% due to the rising adoption of seed treatment chemicals as a preventive measure to avoid crop losses.
  • The chemigation method is also commonly used in Vietnam for crops that require a consistent and controlled application, such as fruits and vegetables. The segment is expected to grow, registering a CAGR of 3.8% during the forecast period (2023-2029) because more farmers are adopting this practice as a means to efficiently deliver fungicides to their crops.
  • Fumigation is particularly important in Vietnam's agricultural practices, as it helps maintain soil health and prevent the spread of pathogens to vulnerable crops. Advancements in fumigation technologies and equipment, along with improved formulations of fungicides, are expected to contribute to the growth of the market as new technologies and improved fumigation application methods are enhancing the efficiency of fungicides.
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
Need A Different Region Or Segment?
Customize Now

Vietnam Fungicide Market Size Summary

The Vietnam fungicide market is experiencing steady growth, driven by various application methods such as foliar application, soil treatment, chemigation, and fumigation. Foliar application is the dominant method, primarily due to its effectiveness in treating crops like grains, cereals, fruits, and vegetables, where foliage diseases are prevalent. Soil treatment is also significant, addressing soil-borne fungi that threaten plant health. The adoption of seed treatment chemicals is on the rise as a preventive measure against crop losses. Chemigation is gaining traction for its efficiency in delivering fungicides to crops requiring consistent application, while fumigation plays a crucial role in maintaining soil health and preventing pathogen spread. The market's expansion is supported by advancements in fungicide formulations and application technologies, enhancing the efficiency and effectiveness of disease management in Vietnam's diverse agricultural landscape.

The increasing demand for fungicides in Vietnam is fueled by the expansion of agricultural production, the need to improve crop yields and quality, and the impact of changing climatic conditions that favor fungal disease development. Farmers are becoming more aware of the importance of disease management, leading to a shift towards integrated pest management strategies that incorporate fungicides. The availability of innovative fungicide products with improved efficacy and safety profiles has further encouraged adoption. Vietnam's reliance on imported active ingredients like tebuconazole, azoxystrobin, and metalaxyl, coupled with rising fungal disease incidence, may influence pricing dynamics. The market is fragmented, with major players like BASF SE, Bayer AG, FMC Corporation, Syngenta Group, and UPL Limited actively participating in enhancing crop protection technologies and expanding their product offerings.

Explore More >

Vietnam Fungicide Market Size - Table of Contents

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

    1. 1.1 Application Mode

      1. 1.1.1 Chemigation

      2. 1.1.2 Foliar

      3. 1.1.3 Fumigation

      4. 1.1.4 Seed Treatment

      5. 1.1.5 Soil Treatment

    2. 1.2 Crop Type

      1. 1.2.1 Commercial Crops

      2. 1.2.2 Fruits & Vegetables

      3. 1.2.3 Grains & Cereals

      4. 1.2.4 Pulses & Oilseeds

      5. 1.2.5 Turf & Ornamental

Vietnam Fungicide Market Size FAQs

The Vietnam Fungicide Market size is expected to reach USD 392.78 million in 2024 and grow at a CAGR of 4.20% to reach USD 482.56 million by 2029.

In 2024, the Vietnam Fungicide Market size is expected to reach USD 392.78 million.

Vietnam Fungicide Market Report Snapshots