The Vietnam fungicide market size reached around USD 412.44 Million in 2024. Government initiatives promoting modern agricultural practices and better pest management are further encouraging fungicide use. The market is projected to grow at a CAGR of 4.40% between 2025 and 2034 to reach nearly USD 634.40 Million by 2034. The expansion of Vietnam's agricultural sector, particularly in rice and cash crops, has led to a heightened demand for fungicides.
Base Year
Historical Year
Forecast Year
As per the industry reports, in 2022, Vietnam's agricultural sector achieved its most significant growth, reaching 3.36%. The substantial growth of Vietnam's agricultural sector in 2022 not only underscored the importance of agriculture to the nation's economy but also led to an increased demand for fungicides, reflecting the evolving needs of farmers striving for higher yields and better crop health.
Vietnam's primary exports include walnuts, coffee, and rice, which collectively represented more than USD 5.7 billion in agricultural exports in 2021. As the demand for these agricultural products continues to rise, so does the need for effective agricultural practices to ensure high yields and quality. This has led to a rising demand for fungicides, which are crucial for protecting crops from fungal diseases that can threaten production.
Approximately 40% of Vietnam's total land area is allocated for agricultural production, contributing to the Vietnam fungicide market revenue. As a result of this extensive agricultural engagement, there is a rising demand for agricultural inputs, including fungicides, which are essential for protecting crops from fungal diseases and ensuring healthy yields.
Value in USD Million
2025-2034
Vietnam Fungicide Market Outlook
*this image is indicative*
| Vietnam Fungicide Market Report Summary | Description | Value |
| Base Year | USD Million | 2024 |
| Historical Period | USD Million | 2018-2024 |
| Forecast Period | USD Million | 2025-2034 |
| Market Size 2024 | USD Million | 412.44 |
| Market Size 2034 | USD Million | 634.40 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 4.40% |
| CAGR 2025-2034 - Market by Region | Mekong River Delta | 5.0% |
| CAGR 2025-2034 - Market by Region | Red River Delta | 4.7% |
| CAGR 2025-2034 - Market by Application Mode | Foliar Spray | 4.9% |
| CAGR 2025-2034 - Market by Crop Type | Fruits and Vegetables | 5.4% |
| 2024 Market Share by Region | Red River Delta | 24.3% |
Vietnam possesses a strong agricultural sector, with a substantial portion of its land dedicated to agricultural activities. The country's climate is particularly conducive to rice cultivation, which occupies the majority of the utilised agricultural land, followed by maize and rubber. Approximately 43% of Vietnam's 92 million population is involved in agriculture, making it the leading sector in terms of employment, surpassing both services and sectors. As per the Vietnam fungicide market analysis, agricultural production contributes nearly 18% to the nation's GDP. Among the farming community, 89% are small family farmers, with over 65% residing in rural areas. This robust agricultural landscape of Vietnam, fuelled by the increasing demand for crops such as rice, fruits, and vegetables, has resulted in a heightened requirement for fungicides to combat fungal diseases.
Concurrently, there is a trend towards sustainable fungicides, spurred by consumer preferences for environmentally friendly and safe agricultural methods. Sustainable fungicides, including bio-based or low-toxicity alternatives, are becoming more favoured as they reduce environmental impact and enhance long-term soil health while ensuring crop quality and yield.
The Vietnam fungicide market growth can be attributed to increasing agricultural demand, the impact of climate change, and rising government initiatives.
The expansion of Vietnam's agricultural sector, particularly in rice and cash crops, has led to a heightened demand for fungicides. These products are essential for protecting crops from fungal diseases, thereby enhancing both yield and quality for local consumption and export markets. Moreover, the use of fungicides contributes to improving the quality of agricultural products. High-quality crops are more appealing to consumers, both locally and internationally, and can command better prices in the Vietnam fungicide market.
Alterations in weather patterns, including heightened rainfall and humidity, create a conducive environment for fungal infections in crops. This situation necessitates the development of more effective fungicide solutions to manage plant diseases and maintain agricultural productivity. These shifts in climate not only alter the traditional growing conditions but also enhance the survival and spread of various fungal pathogens that can devastate agricultural yields, leading to a rising demand for fungicides.
One of the notable Vietnam fungicide market trends is the rising government initiatives in the region. The policies by Vietnamese government that advocate for modern agricultural practices and crop protection are facilitating the increased use of fungicides. Various programs and subsidies are in place to encourage farmers to adopt improved crop protection strategies, thereby bolstering food security and agricultural output. These government policies are designed to encourage farmers to transition from traditional farming methods to more innovative and efficient practices.
The emergence of advanced fungicide formulations that offer greater efficacy and environmental safety is propelling Vietnam fungicide market growth. Innovations such as slow-release and systemic fungicides provide enhanced disease management while minimising environmental impact, leading to greater market acceptance. The combination of enhanced effectiveness and reduced environmental consequences is fostering greater acceptance of these innovative fungicide formulations among farmers and agricultural stakeholders.
The market expansion is largely driven by an increased focus on crop protection to boost agricultural productivity and quality. The growing demand for rice, fruits, and vegetables, alongside climate change creating conditions conducive to fungal diseases, has led to a rise in fungicide usage. Developments in fungicide technology, such as the creation of more sustainable and effective formulations, are also influencing the Vietnam fungicide market development. Government initiatives promoting modern agricultural practices and better pest management are further encouraging fungicide use. Additionally, the growth in agricultural exports, particularly in the fruit and vegetable sectors, is driving the need for high-quality, disease-resistant crops, making fungicides essential for meeting international standards.
The EMR report titled “Vietnam Fungicide Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Application Mode
Breakup by Crop Type
Breakup by Region
| CAGR 2025-2034 - Market by | Region |
| Mekong River Delta | 5.0% |
| Red River Delta | 4.7% |
| Southeast | XX% |
| Great Lakes | XX% |
| South Central Coast | XX% |
| Others | XX% |
Based on crop type, the market is segmented into fruits and vegetables, grains and cereals, and pulses and oilseeds, among others. The fruits and vegetables segment is projected to grow at a CAGR of 5.4% during the forecast period. The application of fungicides in fruits and vegetables plays a key role in preventing fungal diseases, which, in turn, improves crop quality and boosts yields. Moreover, fungicides also safeguard grains and cereals against fungal diseases, thereby improving yield, quality, and longevity during both storage and transportation. Additionally, fungicides are also used in pulses and oilseeds to protect against fungal infections and promote crop health.
Major players are focusing on sustainable farming practices to gain a competitive edge in the Vietnam fungicide market outlook. The rise in organic and chemical-free fungicides is driven by consumer demand for sustainable agriculture practices that reduce environmental harm and ensure safer products.
BASF SE was founded in 1865 and is headquartered in Ludwigshafen, Germany. It is significant player in the chemical sector providing solutions in various sectors, including chemicals, agriculture, and performance products.
Bayer AG was founded in 1863 and is headquartered in Leverkusen, Germany. It is a multinational company that operates in life sciences and pharmaceuticals sector. The company is specialised in the field of both agriculture and medical.
Corteva Agriscience was founded in 2019 and is headquartered in Delaware, United States. The company is a key player in the field of agriculture and provides crop protection solutions and technological innovations.
Nufarm Ltd. was founded in 1956 and is headquartered in Laverton, Australia. It is a global leader in crop protection and offers a wide range of products including fungicides, herbicides, and insecticides, aimed at boosting sustainability and agricultural productivity.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the Vietnam fungicide market are Syngenta Crop Protection AG, UPL Ltd., and Sumitomo Chemical Co. Ltd., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market attained a value of nearly USD 412.44 Million.
The market is assessed to grow at a CAGR of 4.40% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 634.40 Million by 2034.
The major drivers of the market are increasing demand for sustainable fungicides and the adoption of technological innovations in the agricultural sector.
As per the EMR report, the different application modes of fungicides in the market are foliar spray, seed treatment, and soil treatment, among others.
The major regions considered in the market are Southeast, Red River Delta, Great Lakes, Mekong River Delta, and South Central Coast, among others.
The major players in the market are BASF SE, Bayer AG, Corteva Agriscience, Nufarm Ltd., Syngenta Crop Protection AG, UPL Ltd., and Sumitomo Chemical Co. Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application Mode |
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| Breakup by Crop Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Australia
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India
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Philippines
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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