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 )

INSTANT ACCESS

Home right-chevron-icon Market Analysis right-chevron-icon Agriculture Research right-chevron-icon Fertilizers Research right-chevron-icon Biological Fertilizers Research right-chevron-icon Organic Fertilizers Research right-chevron-icon Biofertilizers Research right-chevron-icon Vietnam Biofertilizer Market

Vietnam Biofertilizer Market Size

Vietnam Biofertilizer Market Summary
share button
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Base Year For Estimation 2022
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR 9.41 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Form Mycorrhiza
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Form Rhizobium
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Concentration High

Major Players
major-player-company-image

*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 Biofertilizer Market Analysis

The Vietnam Biofertilizer Market is projected to register a CAGR of 9.41%

  • Mycorrhiza is the Largest Form : The mycorrhizal association helps boost phosphorus, other nutrients, and water absorption from the soil, supporting plant growth and development and increase yield upto 50%.
  • Rhizobium is the Fastest-growing Form : 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%.
  • Horticultural Crops is the Largest Crop Type : 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.
  • Cash Crops is the Fastest-growing Crop Type : 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.

Vietnam Biofertilizer Market Trends

This section covers the major market trends shaping the Vietnam Biofertilizer Market according to our research experts:

Mycorrhiza is the largest Form

  • 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, CAGR, %, By Form, 2023 - 2029

Vietnam Biofertilizer Industry Overview

The Vietnam Biofertilizer Market is fairly consolidated, with the top five companies occupying 97.08%. 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.

*Disclaimer: Major Players sorted in no particular order

Vietnam Biofertilizer Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

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.

Vietnam Biofertilizer Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Area Under Organic Cultivation

    2. 2.2. Per Capita Spending On Organic Products

    3. 2.3. Regulatory Framework

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION

    1. 3.1. Form

      1. 3.1.1. Azospirillum

      2. 3.1.2. Azotobacter

      3. 3.1.3. Mycorrhiza

      4. 3.1.4. Phosphate Solubilizing Bacteria

      5. 3.1.5. Rhizobium

      6. 3.1.6. Other Biofertilizers

    2. 3.2. Crop Type

      1. 3.2.1. Cash Crops

      2. 3.2.2. Horticultural Crops

      3. 3.2.3. Row Crops

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Atlántica Agrícola

      2. 4.4.2. Biotech Bio-Agriculture

      3. 4.4.3. BIOWAY ORGANIC HIGH TECH JOINT STOCK COMPANY

      4. 4.4.4. DAI NAM MANUFACTURING & TRADING COMPANY LIMITED

      5. 4.4.5. DAI THANH JOINT STOCK COMPANY

      6. 4.4.6. Que Lam Group

      7. 4.4.7. Song Gianh Corporation Joint Stock Company

      8. 4.4.8. Suståne Natural Fertilizer Inc.

  7. 5. KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

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, 2022

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.
Form
Azospirillum
Azotobacter
Mycorrhiza
Phosphate Solubilizing Bacteria
Rhizobium
Other Biofertilizers
Crop Type
Cash Crops
Horticultural Crops
Row Crops
customize-icon Need A Different Region Or Segment?
Customize Now

Market Definition

  • AVERAGE DOSAGE RATE - This refers to the average volume of biofertilizers applied per hectare of farmland in the country.
  • CROP TYPE - Row Crops: Cereals, Pulses, Oilseeds, and Forage Crops Horticulture: Fruits, and Vegetables, Cash Crops: Plantation Crops and Spices.
  • FUNCTIONS - Biofertilizer
  • MARKET ESTIMATION LEVEL - Market Estimations for various types of biofertilizers fertilizers has been done at the product-level.
bookmark Need More Details on Market Definition?
Ask a Question

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.
download-icon Get More Details On Research Methodology
Download PDF
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the agricultural biologicals industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the agricultural biologicals industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

Vietnam Biofertilizer Market Research FAQs

The Vietnam Biofertilizer Market size is expected to reach USD 235.76 thousand in 2023 and grow at a CAGR of 9.41% to reach USD 404.46 thousand by 2029.

In 2023, the Vietnam Biofertilizer Market size is expected to reach USD 235.76 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 2023, the Rhizobium segment accounts for the fastest growing by form in the Vietnam Biofertilizer Market.

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 Report Snapshots