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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Vegetable Seed Market Growth
The Vietnam market for vegetable seed has demonstrated a robust development rate in comparison to other seed markets in Southeast Asia. By 2030, this market growth is anticipated to surpass 100 million USD. In addition, the market for vegetable exports is expanding, and there is a greater need for hybrid seeds to be switched out quickly than for non-hybrid OP seeds. This development can also be credited to a favourable environment that encourages vegetable diversification and government support for foreign trade and investment.
Crop yields and quality are increased by agricultural technology advancements such as biotechnology, better seed varieties, and precision farming methods. The need for cutting-edge vegetable seeds is being driven by farmers' growing adoption of these inventions. In Vietnam, the use of protected and greenhouse farming techniques is expanding. The market is further being driven by the need for specialised vegetable seeds that are suitable for controlled environments, which is required for these methods. In addition, the increasing utilisation of sophisticated farming methods such as precision farming, hydroponics, and organic farming has enhanced the yield and quality of produce, contributing to the market growth.
Vietnam Vegetable Seed Market Report Snapshots
Vietnam Vegetable Seed Market Size
Vietnam Vegetable Seed Market Growth
Vietnam Vegetable Seed Market Share
Vietnam Vegetable Seed Companies
*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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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 71.20 million.
The market is estimated to grow at a CAGR of 6.7% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 127.63 million by 2032.
The market is being driven by rapid urbanisation, a growing population, and rising health awareness.
The key trends aiding the market expansion include the adoption of organic farming practices and the integration of cutting-edge technologies in farming techniques.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different segmentations based on the cultivation method of vegetable seed include protected and open fields.
The major players in the market are TRANG NONG TRADING COMPANY LIMITED, SOUTHERN SEED CORPORATION, Syngenta AG, East-West Seed Group, Bayer AG, Chia Tai Seed, Pan Group, and Bejo Zaden BV, among others.
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Australia
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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 287899028, +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
+84865399124