The Vietnam herbicide market size reached around USD 379.47 Million in 2023. The market is projected to grow at a CAGR of 5.00% between 2024 and 2032 to reach nearly USD 588.68 Million by 2032.
Base Year
Historical Year
Forecast Year
As of October 20, 2024, the seasonal rice crop in the country has been cultivated across 1,540.9 thousand hectares, representing 99.9% of the yield from the previous year. In terms of agricultural output during the first half of 2024, nearly 3 million hectares of winter-spring rice have been cultivated, reflecting an increase of 1.2 thousand hectares compared to the winter-spring crop of 2023. Vietnam stands as a significant producer and exporter of rice. The market is experiencing consistent growth, driven by the rising demand for enhanced agricultural productivity and effective crop protection solutions. The implementation of modern farming practices, including mechanisation and the use of chemicals, is contributing to an increase in herbicide application, and thus, Vietnam herbicide market value.
Additionally, government initiatives aimed at promoting sustainable farming practices are fostering the use of herbicides among local farmers. The shift towards more efficient and specialised herbicide formulations, such as herbicide-resistant crops, is also impacting the market. Moreover, the increasing emphasis on organic farming and environmentally friendly herbicides is influencing market dynamics as farmers pursue sustainable options while ensuring productivity. The growing adoption of organic herbicides in Vietnam is largely influenced by a heightened consumer preference for environmentally friendly and sustainable agricultural methods. As awareness of environmental issues expands, farmers are increasingly utilising organic herbicides to minimise chemical residues in their produce and enhance soil quality.
Value in USD Million
2024-2032
Vietnam Herbicide Market Outlook
*this image is indicative*
Vietnam herbicide market growth can be attributed to climate change and weather variability, increasing demand from agriculture sector, and adoption of advanced agricultural practices.
The rising population of Vietnam, coupled with its agricultural export ambitions, necessitates improved crop yields. Herbicides are vital for effective weed management, enhancing efficiency, and ensuring stable crop production to satisfy both domestic and global market needs.
With the integration of modern farming techniques and technologies by Vietnamese farmers, the utilisation of herbicides has surged. This shift facilitates effective weed control, boosts crop yields, and minimises the reliance on labour-intensive manual weeding, thereby contributing to Vietnam herbicide market development.
Vietnamese government is promoting sustainable agricultural practices and the use of crop protection chemicals, which is encouraging the adoption of herbicides. Initiatives aimed at enhancing food security and agricultural productivity are instrumental in fostering the growth of the herbicide market in Vietnam.
The growth of Vietnam’s agricultural exports, such as rice, coffee, and vegetables, necessitates effective weed management strategies. Herbicides play a crucial role in ensuring the production of high-quality crops with reliable yields, thereby meeting the demands of international markets, and stimulating the local herbicide sector.
The market is experiencing consistent growth, primarily driven by the rising demand for enhanced agricultural productivity and effective crop protection measures. The implementation of advanced farming practices, including mechanisation and the use of chemical inputs, is contributing to an increase in herbicide consumption. Moreover, governmental initiatives and support for sustainable agricultural practices are promoting the use of herbicides among local farmers. The shift towards more efficient and specialised herbicide formulations, such as those designed for herbicide-resistant crops, is also impacting the market.
The EMR’s report titled “Vietnam Herbicide Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Application Mode
Breakup by Crop Type
Breakup by Region
Based on the crop type, the market is segmented into fruits and vegetables, grains and cereals, and pulses and oilseeds, among others. The fruit and vegetables segment is projected to grow at a CAGR of 6.3% during the forecast period of 2024-2032. The rising use of herbicides in fruit and vegetable farming aids in managing weed growth, guarantees high-quality produce, and enhances crop yields.
Market players are focusing on the adoption of sustainable and organic herbicides to gain a competitive edge in the Vietnam herbicide market share.
BASF SE, established in 1865 and headquartered in Ludwigshafen, Germany, ranks among the largest chemical corporations worldwide. The company manufactures a diverse array of products, encompassing crop protection solutions, chemicals, materials, and innovations in life sciences tailoured for various sectors.
ADAMA Ltd., founded in 1945 and headquartered in Beijing, China, focuses on crop protection products. The comp...
Bayer AG, founded in 1863 and headquartered in Leverkusen, Germany, is a prominent life sciences enterprise. T...
Corteva Agriscience, established in 2019 and headquartered in Delaware, United States, is a foremost agricultu...
*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 included in the Vietnam herbicide market report are Nufarm Ltd., Syngenta Crop Protection AG, and UPL 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 2023, the market attained a value of nearly USD 379.47 Million.
The market is assessed to grow at a CAGR of 5.00% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 588.68 Million by 2032.
The major drivers of the market are the increasing demand for agricultural products in the region and adoption of advanced agricultural practices.
As per the EMR report, the different crop types in the market are fruits and vegetables, grains and cereals, and pulses and oilseeds, 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.
Major players in the market are BASF SE, ADAMA Ltd., Bayer AG, Corteva Agriscience, Nufarm Ltd., Syngenta Crop Protection AG, and UPL 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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application Mode |
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| Breakup by Crop Type |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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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
+91-858-608-1494
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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