Vietnam Fertilizer Market Is Expected Significant Growth, Forecast From 2020 to 2027

The Vietnam fertilizer market generated $4.5 billion in 2019 and is projected to reach $5.7 billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027. The report provides a comprehensive analysis of market dynamics, key strategies, business performance, major segments, and competitive landscapes.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/7092

Key Drivers and Challenges

- Drivers: The primary growth driver is the increasing emphasis on enhancing agricultural productivity.
- Challenges: The market faces challenges from frequent climate changes that disrupt farming activities.
Opportunities: The rising demand for organic fertilizers presents new growth prospects for market players.

Market Segmentation

By Type:

- Inorganic Fertilizers: Dominated the market in 2019, accounting for over 80% of the total share. This segment is expected to maintain its leadership during the forecast period.
- Organic Fertilizers: Anticipated to grow at the highest CAGR of 6.9% over the forecast period.

By Form:

- Dry Fertilizers: Held over 80% of the market share in 2019 and is projected to continue leading.
- Liquid Fertilizers: Expected to see the highest growth rate of 4.4% from 2020 to 2027.

By Region:

Southern Vietnam: Accounted for more than 50% of the total market share in 2019 and is likely to retain this position.
Central Vietnam: Forecasted to register the highest growth rate of 4.2% during the forecast period.

Key Players

The report highlights several leading players in the Vietnam fertilizer market, including:

- Baconco
- Agricultural Products and Materials Joint Stock Company
- General Materials and Biochemical Fertilizer Joint Stock Company
- DUC Giang Chemicals Group
- SongGianh Corporation
- Japan Vietnam Fertilizer Company (JVF)
- Vedan Vietnam Enterprise Corp. Ltd.
- Vietnam National Chemical Group (Vinachem)
- Yara Vietnam
- Vietnam Oil and Gas Group (PetroVietnam or PVN)

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/vietnam-fertilizer-market-A06727

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