Vietnam Organic Fertilizer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Vietnam Organic Fertilizer Manufacturers and it is segmented by Product (Organic Residues and Biofertilizer), and Application (Grains and Cereals, Oilseeds, Fruits and Vegetables, Turf and Ornamentals, and Other Applications). The market size and forecasts in terms of value in USD thousand for all the above segments.

Vietnam Organic Fertilizer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Vietnam Organic Fertilizer Market Size

Vietnam Organic Fertilizer Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.70 %
Market Concentration Low

Major Players

Vietnam Organic Fertilizer Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vietnam Organic Fertilizer Market with other markets in Agriculture Industry

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

Vietnam Organic Fertilizer Market Analysis

The Vietnam Organic Fertilizers Market is projected to register a CAGR of 6.7% over the forecast period. 

  • Vietnam is a tropical country with enormous progress and remarkable growth in agriculture contributing actively to poverty reduction, national food security, and social stability in the past few years.
  • Vietnam faces bright opportunities in both domestic and international markets; yet effectively competing in these will depend upon the ability of farmers and firms to deliver products with reliability and assurances relating to quality, safety, and sustainability.
  • Organic agriculture using organic fertilizer is one of the Vietnam government's priorities. Vietnam has good conditions for organic fertilizer production and application. Vietnam's government promotes organic fertilizer production and application and has a policy to develop organic fertilizer in Vietnam. According to the Ministry of Agriculture and Rural Development (Vietnam) in 2021, over the past 3 years, the number of organic fertilizers registered has increased tremendously at 500% while the use of synthetic fertilizers is a downtrend.
  • With approximately 43% of its population involved in agriculture, the production capacity is still less than 1/5th of the total GDP of the country grossing about 12.36% only. Therefore, to stabilize the agricultural fields, and increase the production of Agri products, the demand for organic fertilizers is further increasing and driving the growth of the Vietnam Organic fertilizers market.
  • Furthermore, some of the other factors driving the Vietnam organic fertilizers market growth are the increasing demand for organic food coupled with growing awareness about the environmental safety of using organic fertilizers. Moreover, the huge availability of organic waste and advancements in the manufacturing process of organic fertilizers are creating opportunities for the growth of this market.

Vietnam Organic Fertilizer Industry Overview

Vietnam Organic Fertilizers Market is a fragmented. The major players in the market are Binh Dien Fertilizer Joint Stock Company, Can Tho Fertilizer & Chemical Jsc, Baconco Vietnam, Que Lam Group, and Bioway Hitech Joint Stock Company. Partnerships, product launches, mergers and acquisitions, and R&D investments are some of the most adopted strategies by players in the market.

Vietnam Organic Fertilizer Market Leaders

  1. Binh Dien Fertilizer Joint Stock Company

  2. Can Tho Fertilizer & Chemical Jsc

  3. Baconco Vietnam

  4. Que Lam Group

  5. Bioway Hitech Joint Stock Company

  6. *Disclaimer: Major Players sorted in no particular order
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Vietnam Organic Fertilizer Market News

  • November 2022: The Ministry of Agriculture and Rural Development (MARD) in Vietnam has set a target of raising the proportion of organic fertilizer products authorized for circulation to 25% by 2025.
  • October 2022: Nescafe unveils USD 1 billion plan for coffee sustainability, focusing on Vietnam. The Nescafe Plan 2030 will help coffee farmers plant carbon sequestering crops, increase the use of organic fertilizers, improve bio-diversity and provide disease and climate-change-resistant coffee trees.
  • April 2022: The Vietnamese government issued a decision to promote environmental protection to 2030 with a vision to 2050. In the decision, the government prioritizes ecological agriculture and organic agriculture, in parallel with the abandonment of inorganic fertilizer, chemical pesticides, and antibiotics in cultivation, animal husbandry, and aquaculture.

Vietnam Organic Fertilizer Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and 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 Industry Attractiveness - Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Product
    • 5.1.1 Organic Residues
    • 5.1.1.1 Farm Yard Manure
    • 5.1.1.2 Crop Residues
    • 5.1.1.3 Green Manure
    • 5.1.1.4 Other Products
    • 5.1.2 Biofertilizer
    • 5.1.2.1 Azotobacter
    • 5.1.2.2 Rhizobium
    • 5.1.2.3 Azospirillum
    • 5.1.2.4 Blue-Green Algae
    • 5.1.2.5 Azolla
    • 5.1.2.6 Mycorrhiza
    • 5.1.2.7 Other Biofertilizers
  • 5.2 Application
    • 5.2.1 Grains and Cereals
    • 5.2.2 Oilseeds
    • 5.2.3 Fruits and Vegetables
    • 5.2.4 Turf and Ornamentals
    • 5.2.5 Other Applications

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Global Fertilizer Investment Corporation
    • 6.3.2 Binh Dien Fertilizer Joint Stock Company
    • 6.3.3 Bioway Hitech Joint Stock Company
    • 6.3.4 Baconco Vietnam
    • 6.3.5 Ha Lan Fertilizer Corporation
    • 6.3.6 Que Lam Group
    • 6.3.7 Long Viet
    • 6.3.8 VALVA Co. Ltd
    • 6.3.9 Gold Tech
    • 6.3.10 Sinh Dien Thien Sinh JSC
    • 6.3.11 Can Tho Fertilizer & Chemical JSC
    • 6.3.12 Song Gianh Fertilizer Company
    • 6.3.13 Vietagro
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Vietnam Organic Fertilizer Industry Segmentation

Organic fertilizers are fertilizers produced from raw materials, including animal matter, animal excreta, human excreta, and other natural sources. The Vietnam Organic Fertilizers Market is Segmented by Product (Organic Residues and Biofertilizer), and Application (Grains and Cereals, Oilseeds, Fruits and Vegetables, Turf and Ornamentals, and Other Applications). The report offers the market size and forecasts in terms of value in USD thousand for all the above segments.

Product Organic Residues Farm Yard Manure
Crop Residues
Green Manure
Other Products
Product Biofertilizer Azotobacter
Rhizobium
Azospirillum
Blue-Green Algae
Azolla
Mycorrhiza
Other Biofertilizers
Application Grains and Cereals
Oilseeds
Fruits and Vegetables
Turf and Ornamentals
Other Applications
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Vietnam Organic Fertilizer Market Research FAQs

What is the current Vietnam Organic Fertilizer Market size?

The Vietnam Organic Fertilizer Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)

Who are the key players in Vietnam Organic Fertilizer Market?

Binh Dien Fertilizer Joint Stock Company, Can Tho Fertilizer & Chemical Jsc, Baconco Vietnam, Que Lam Group and Bioway Hitech Joint Stock Company are the major companies operating in the Vietnam Organic Fertilizer Market.

What years does this Vietnam Organic Fertilizer Market cover?

The report covers the Vietnam Organic Fertilizer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Organic Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Vietnam Organic Fertilizer Industry Report

Statistics for the 2024 Vietnam Organic Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Organic Fertilizer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.