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Vietnam Organic Fertilizers Market – Industry Analysis, Trends and Forecasts (2019 – 2024)
| Agriculture | Published by: Mordor Intelligence | Market: |
| 75 pages | Published: 25-06-2019 |
- Agriculture
- Mordor Intelligence
- 75 pages
- Published: 25-06-2019
Market Overview
The Vietnamese organic fertilizers market was valued at USD 2.19 million in 2018 and is expected to register a CAGR of 6.7%, during the forecast period (2019-2024). In 2018, Farm Yard Manure was the largest segment among product types of the market studied and accounted for a share of around 69.2% of the market.
According to the Ministry of Agriculture and Rural Development of Vietnam, the import of plant protection chemicals increased tremendously, from 20,000 metric ton in 2005 to 50,000 metric ton in 2014. The number of fertilizers used had increased by 500% since 1985, which illustrates the increasing popularity of agricultural chemicals. Since 2005, concerns about food safety have increased and large local companies, like VinGroup’s Vineco, have been making investments (the latest being an injection of USD 44 million in 2015) into hygienic fresh vegetable production to ensure its VinMarts, which are small supermarkets, to be stocked with safe local produce. Increasing importance for food safety and quality will continue to drive higher demand for organic fertilizers and in particular, farmyard manure in Vietnam, over the forecast period.
Scope of the Report
Organic fertilizers are fertilizers produced raw material, being mainly animal matter, animal excreta, human excreta, and other natural sources.
The report covers the market analysis of both, organic fertilizers (manufactured from FYM (farmyard manure, crop residue, green manure, etc.,) and biofertilizers (manufactured using micro-organisms, like Azotobacter, Rhizobium, etc.)
Key Market Trends
Increase in Arable Land
Vietnam had adopted a Revised Land Law, which became effective on July 1, 2014. This law gave farmers 50-year use rights to their agricultural land, including their basic annual-cropland. This law encouraged a lot of farmers to take up farming, thereby leading to an increase in the area of agricultural land, during 2014-2015. The revised law also included significant improvements on issues, like compensation and procedures for land takings, and other important areas. The increase in the area of arable land, coupled with the government’s introduction of integrated pest management (IPM) program, is expected to drive the organic fertilizers market. This is further fueled with high returns from the market and increased regulations on chemicals residues.
Farm Yard Manure to rule the Vietnamese Organic Fertilizers Market
Increase in the number of livestock, especially pigs, dairy cows, and chicken, is expected to back up the farmyard manure (FYM)industry in Vietnam during the forecast period, though the nutrient content and acceptability among the consumers may vary for the various animal species. According to national statistics, up to September 2014, the national herd was estimated on 26.5 million pigs, 7.7 million cattle, and 304.5 million poultries. Annually, the livestock production emits more than 85 million metric ton of manure, tens of billions of cubic meter liquid waste, and several hundred million tons of exhausted gas.
Competitive Landscape
The organic fertilizers market in Vietnam is a combination of the unorganized and organized sector. The top five players constitute in the range of 27%-32% share of the market, while the other organic fertilizer companies and the unorganized sector together constitute most of the market share, based on the overall Vietnam organic market revenue in 2018.
1. Introduction
1.1 Definition of the Market
1.2 Research Methodology
1.3 Report Description
2. Key Findings of the Study
3. Market Overview
4. Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Adoption of New Farming Practices
4.2.2 Growing Demand for Food Safety and Quality
4.2.3 High Prices of Organically Produced Crops
4.2.4 Increased Regulations on Chemical Residue Limits
4.2.5 Increase in Arable Land
4.3 Restraints
4.3.1 High Synthetic Fertilizers’ Demand and Easy Regulatory Structure
4.3.2 Low Product Availability
4.3.3 Low Consumer Awareness of Organic Pesticides and Fertilizers
4.3.4 Illegal Availability of Restricted Pesticides at Lower Cost
4.4 Opportunities
4.4.1 Organizations Promoting Organic Agriculture
4.4.2 Untapped Vietnamese Market
4.5 Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products and Services
4.5.5 Degree of Competition
5. Market Segmentation
5.1 By Product Group/Segment
5.1.1 Organic Residues
5.1.1.1 FYM
5.1.1.2crop Residues
5.1.1.3 Green Manure
5.1.1.4 Others
5.1.2 Biofertilizers
5.1.2.1 Azotobacter
5.1.2.2 Rhizobium
5.1.2.3 Azospirillum
5.1.2.4 Blue-Green Algae
5.1.2.5 Phosphate Solubilizing Bacteria
5.1.2.6 Mycorrhiza
5.1.2.7 Others
5.2 By Application
5.2.1. Crop-Based
5.2.1.1Grains & Cereals
5.2.1.2 Oil Seeds
5.2.1.3 Fruits & Vegetables
5.2.2. Non-Crop-Based
5.2.2.1 Turf & Ornamental Grass
5.2.2.2 Others
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Most Active Companies in the Past Five Years
7. Company Profiles
7.1 Global Fertilizer Investment Corporation GFC
7.2 Multimol Micro Fertilizer Industries
7.3 Baconco Vietnam
7.4 Marrone Bio Innovations Inc (United States)
7.5 AgriInfoTech Inc. USA
7.6 Seipasa
7.7 Shanghai Megchem Company ltd
7.8 Isagro Spa (Italy)
7.9 KeyPlex
7.10 ANH VIET Co. Ltd
7.11 Can Tho Fertilizer & Chemical JSC
7.12 Song Gianh Fertilizer Company
7.13 Binh Dien Fertilizer Joint Stock Company
7.14 Bioway-Organic 5c
8. Appendix
- Market Segmentation
- By Product Group/Segment
- Organic Residues
- FYM
- Crop Residues
- Green Manure
- Others
- Biofertilizers
- Azotobacter
- Rhizobium
- Azospirillum
- Blue-Green Algae
- Phosphate Solubilizing Bacteria
- Mycorrhiza
- Others
- By Application
- Crop-Based
- Grains & Cereals
- Oil Seeds
- Fruits & Vegetables
- Non-Crop-Based
- Turf & Ornamental Grass
- Others
Vietnam Agricultural Tractor Market – Segmented by Power, Power Drive and Region – Growth, Trends, and Forecast (2018 – 2023)
| Agriculture | Published by: Mordor Intelligence | Market: |
| Unknown | Published: 25-06-2019 |
- Agriculture
- Mordor Intelligence
- pages
- Published: 25-06-2019
Market Overview
The Vietnam agricultural tractor market was valued at USD 38.6 million in 2017 and is expected to witness a CAGR of 12.6% during the forecast period (2018-2023). Small and middle-weight tractors seem to gain more favor, although, the size of tractors is increasing.
Tractors are increasingly being used in farm operations in Vietnam. About 53% of agricultural tractors have the capacity of less than 12 HP, 35% have 12 to 35 HP, and 12% have the capacity of more than 35 HP. In the Mekong Delta of Vietnam, wetland rice is the most important crop. Currently, three tillage systems are notable: dry tillage (plowing and/or rotavating of the unsaturated field), wet tillage (puddling), or a mix of the two systems. Rotavators are majorly prevalent in Vietnam, due to the hard clay soil of Mekong River Delta. This is also the main reason that the majority of people in the country purchase implements along with the tractor. Tractors are mainly used for mechanized land preparation for crop production, such as rice, corn, and sugarcane.
Shortage of Seasonal Agricultural Labor
Agricultural wages are low and lifestyle of laborers in the industrial background is poor. However, people prefer industrial jobs over agriculture. This situation is leading to the shortage of agricultural labor in Vietnam, during the farming season. There is an excessive production of a few products with low quality, which is unable to cater to the demand for the new products required by the Vietnamese market. The competition for exporting the products has intensified, which has led to a decrease in the prices of crops. This situation has not helped the farmers to obtain the return on investments, who are unable to pay the labor costs. Shortage of seasonal agriculture labor is the major driver for the growth of tractors market, as the work of laborers can be replaced with tractors because using tractors will also consume less time.
Lack of Awareness about Modern Agriculture Techniques
Farmers in Vietnam are less aware of the technological developments in agricultural fields, as a result of which they still follow all the customs of traditional farming techniques. Rural development in Vietnam is very poor and there are no awareness camps that educate farmers about the emerging and advanced technologies. The lack of awareness is restricting the emergence of modern agriculture techniques into Vietnam. In Vietnam, crops are grown in bulk, however, the quality of food is very low. This is due to the implementation of traditional techniques using labor instead of using all the trending agricultural techniques, which improve both production and quality.
Central Highlands Dominates the Vietnam Agricultural Tractor Market in terms of Revenue
Central Highlands is the largest agricultural tractor market in Vietnam, acquiring 47.6% of the total market share in the country in 2017, followed by South East and Mekong River Delta. Wet soil for rice crops is tilled using rotary cultivators or tilling cages attached with small tractors with 12HP engines. Tillage on fields previously under rice is done with 50HP tractors powering standard tillage implements as disc plows, disc harrows, and rotary tillers. Land preparation, which is the basic stage, is mostly mechanized by using 4-wheel tractors replacing 2-wheel tractors with productive, efficient, and favorable working conditions. The average level of tillage mechanization is targeted at over 90% by 2020. Around 19% of sugarcane, 12.5% of groundnut, 8.9% of soybean and 20.4% of maize is grown in Central Highlands.
Key Developments in the Market
February 2018 – Truong Hai Auto Corporation (THACO) opened a new agricultural machinery manufacturing plant with the enhanced annual production capacity of 2000 tractors at Chu Lai, Vietnam.
January 2018– Kubota recently launched two new tractor models the L4018VN (40HP) and L3218 (32HP) in the Vietnamese market.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1 Drivers
3.1.1 Shortage of Seasonal Agricultural Labor
3.1.2 Favorable Government Policies
3.2 Restraints
3.2.1 Lack of Awareness about Modern Agricultural Techniques
3.2.2 Fragmented Land Holdings
4. Industry Analysis
4.1 Porter’s Five Forces Analysis
4.1.1 Bargaining Power of Buyers
4.1.2 Bargaining Power of Suppliers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
5. Market Segmentation
5.1 By Power
5.1.1 <12 HP
5.1.2 12-35 HP
5.1.3 36-49 HP
5.1.4 50-70 HP
5.2 By Power Drive
5.2.1 2WD
5.2.2 4WD
5.3 By Region
5.3.1 Red River Delta
5.3.2 North East
5.3.3 North West
5.3.4 North Central Coast
5.3.5 South Central Coast
5.3.6 Central Highlands
5.3.7 South East
5.3.8 Mekong River Delta
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Belarus
7.2 Claas
7.3 CNH
7.4 Iseki
7.5 Kubota
7.6 ShanDong Huaxin Machinery Co. Ltd.
7.7 Truong Hai Auto Corporation (THACO)
7.8 Tong Yang Moolsan Co. Ltd.
7.9 VEAM
7.10 Yanmar
8. Future Outlook of the Market
9. Appendix
10. Disclaimer
Market Segmentation
By Power
<12 HP
12-35 HP
36-49 HP
50-70 HP
By Power Drive
2WD
4WD
By Region
Red River Delta
North East
North West
North Central Coast
South Central Coast
Central Highlands
South East
Mekong River Delta
Agricultural Machinery Market – Segmented by Type (Tractors, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery,Haying And Forage Machinery, Irrigation Machinery), By Geography – Analysis of Growth, Trends and Progress (2019 – 2024)
| Agriculture | Published by: Mordor Intelligence | Market: |
| Unknown | Published: 21-06-2019 |
- Agriculture
- Mordor Intelligence
- pages
- Published: 21-06-2019
Agricultural Machinery Market
The factors that are driving this market are population growth, urbanization and higher productivity demand with the shrinking agricultural land throughout the globe, which have led to the growth in demand for agricultural machinery. Technological advancement for developing more efficient products, while keeping in mind the country-specific requirements, will provide opportunities for future growth of the sector.
Macro-Economic factors have a huge influence on Agricultural Machinery Market
The key factors influencing the sale of agricultural equipment are the level of net farm income and, to a lesser extent, interest rates, and general economic conditions, availability of financing and related subsidy programs, farmland prices, and farm debt levels. Net farm income is primarily impacted by the volume of acreage planted, commodity and livestock prices, stock levels, the impacts of ethanol demand, farm operating expenses (which includes fertilizer and fuel costs), crop yields, fluctuations in currency exchange rates, tax incentives, and government subsidies. Farmers tend to postpone the purchase of equipment when the farm economy is declining and increase their purchases when economic conditions improve.
The quality, availability, and cost of used equipment for sale also affect the level of new equipment sales. Weather condition is a major determinant of crop yields, and therefore affects equipment-buying decisions. In addition, geographical variations in weather from season to season may also affect sales volumes differently in different markets. Government policies may influence the market for agricultural equipment by monitoring the levels of acreage planted, with direct subsidies affecting particular commodity prices, or with other payments delivered directly to farmers.
Global organization initiatives, such as those of the World Trade Organization, can also affect the market with demands for differences in governmental policies and practices regarding agricultural tariffs, subsidies, and acceptance of genetically modified organisms, such as feed, seed, and animals.
The increase in crop production for biofuels has also altered the crop pattern and crops cultivated. The most significant change in the US crop production was the replacement of cotton and soybeans with corn. As a result, agricultural producers are faced with new challenges for managing crop residues and have adapted by changing the type of equipment used. Although the demand for new agricultural equipment dependent on macro-economic situation. The aftersales market is historically less volatile than the new equipment market and, therefore, helps limit the impact of declines in new equipment sales on the operating results of full-line manufacturers, such as agricultural equipment.
The Volatility in the Prices of Agricultural Commodities Will Affect the Agricultural Machinery Market
The increasing concern over commodity price volatility affects producers (especially small farmers). Farmers are more disadvantaged in a scenario of low prices, which forces them to reduce investments in farm mechanization. The uncertainty can then be transformed into non-optimal decisions and production levels. In general, volatility becomes a problem when it induces risk-averse behavior, leading to inefficient investment decisions for machinery consumption.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
- – 3 months of analyst support
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Agricultural Machinery Market Overview and Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Agricultural Machinery Market Dynamics
5.1 Agricultural Machinery Market Drivers
5.1.1 Growth in Population
5.1.2 Increased Urbanization
5.2 Agricultural Machinery Market Restraints
5.2.1 Fragmentation of Land Holdings in Few Countries
5.2.2 Presence of Small and Marginal Farmers in Large Numbers
6. Global Agricultural Machinery Market Segmentation by Type
6.1 Tractors
6.1.1 Compact Utility Tractors
6.1.2 Utility Tractors
6.1.3 Row Crop Tractors
6.2 Plowing and Cultivating Machinery
6.2.1 Ploughs
6.2.2 Harrows
6.2.3 Cultivators & Tillers
6.3 Planting Machinery
6.3.1 Seed Drills
6.3.2 Planters
6.3.3 Spreaders
6.4 Harvesting Machinery
6.4.1 Combine Harvesters-Threshers
6.4.2 Forage Harvesters
6.4.3 Others (Includes Root Crop Harvesting Machinery and Fruit & Vegetable Harvesting Mchinery)
6.5 Haying And Forage Machinery
6.5.1 Mower-Conditioners
6.5.2 Balers
6.5.3 Tedders and Rakes
6.6 Irrigation Machinery
6.6.1 Sprinkler Irrigation
6.6.2 Drip Irrigation
7. Global Agricultural Machinery Market Segmentation, By Geography
7.1 North America Agricultural Machinery Market (2018-2023)
7.1.1 The United States Agricultural Machinery Market (2018-2023)
7.1.2 Canada Agricultural Machinery Market (2018-2023)
7.1.3 Rest of North America
7.2 Asia-Pacific Agricultural Machinery Market (2018-2023)
7.2.1 China Agricultural Machinery Market (2018-2023)
7.2.2 India Agricultural Machinery Market (2018-2023)
7.2.3 Japan Agricultural Machinery Market (2018-2023)
7.2.4 Rest of Asia-Pacific
7.3 Europe Agricultural Machinery Market (2018-2023)
7.3.1 Germany Agricultural Machinery Market (2018-2023)
7.3.2 The United Kingdom Agricultural Machinery Market (2018-2023)
7.3.3 France Agricultural Machinery Market (2018-2023)
7.3.4 Italy Agricultural Machinery Market (2018-2023)
7.3.5 Rest of Europe
7.4 Rest of the World
7.4.1 Brazil Agricultural Machinery Market (2018-2023)
7.4.2 South Africa Agricultural Machinery Market (2018-2023)
7.4.3 Others
8. Competitive Landscape
8.1 Introduction
8.2 Market Share Analysis
8.3 Key Players and Developments
9. Company Profiles
9.1 John Deere
9.2 Cnh Industrial (Includes New Holland and Case Ih)
9.3 Agco Corporation (Includes Massey Ferguson, Valtra, Fendt and Challenger)
9.4 Claas
9.5 Mahindra and Mahindra
9.6 Kubota Corporation
9.7 Escorts
9.8 Tafe
9.9 Kuhn Group
9.10 Netafim Limited
9.11 Yanmar Company Limited
9.12 Iseki & Co. Ltd.
9.13 Valmont Industries Inc
10. Disclaimer
- Market Segmentation
- By Type
Tractors
Compact Utility Tractors
Utility Tractors
Row Crop Tractors
Plowing and Cultivating Machinery
Ploughs
Harrows
Cultivators & Tillers
Planting Machinery
Seed Drills
Planters
Spreaders
Harvesting Machinery
Combine Harvesters-Threshers
Forage Harvesters
Others (Includes Root Crop Harvesting Machinery and Fruit & Vegetable Harvesting Mchinery)
Haying And Forage Machinery
Mower-Conditioners
Balers
Tedders and Rakes
Irrigation Machinery
Sprinkler Irrigation
Drip Irrigation
- By Geography
North America Agricultural Machinery Market (2018-2023)
The United States Agricultural Machinery Market (2018-2023)
Canada Agricultural Machinery Market (2018-2023)
Rest of North America
Asia-Pacific Agricultural Machinery Market (2018-2023)
China Agricultural Machinery Market (2018-2023)
India Agricultural Machinery Market (2018-2023)
Japan Agricultural Machinery Market (2018-2023)
Rest of Asia-Pacific
Europe Agricultural Machinery Market (2018-2023)
Germany Agricultural Machinery Market (2018-2023)
The United Kingdom Agricultural Machinery Market (2018-2023)
France Agricultural Machinery Market (2018-2023)
Italy Agricultural Machinery Market (2018-2023)
Rest of Europe
Rest of the World
Brazil Agricultural Machinery Market (2018-2023)
South Africa Agricultural Machinery Market (2018-2023)
Others
Vietnam Biofertilizer Market – Segmented by Microorganisms, and by Application- Growth, Trends, and Forecast (2018 – 2023)
| Agriculture | Published by: Mordor Intelligence | Market: |
| Unknown | Published: 25-06-2019 |
- Agriculture
- Mordor Intelligence
- pages
- Published: 25-06-2019
Market Overview
Owing to the benefits of bio-based products and the growing demand for organic crops in Vietnam, the biofertilizer market in the country is projected to register a CAGR of 10.8% during the forecast period. By the type of microorganism, the Azolla segment was, by far, the largest segment occupying a market share of 25% in 2016.
The rising claim for more environment-friendly and healthy agriculture is a strong incentive to find alternative strategies to replace the use of synthetic fertilizers. Higher return from the cultivation of organically-produced crops, adoption of new and advanced farming technologies, and increased regulations on chemical residue limits are the likely factors augmenting the market growth. Biofertilizers have been shown to be extremely effective on crops that are key to agriculture in Vietnam, such as cassava, rice, corn, sugarcane, black pepper, tree nuts, and coffee.
Adoption of New Farming Practices
System of Rice Intensification (SRI) is a package of good agricultural practices for hand-planted rice, which increases yields, while using less seeds, water, and fertilizers. According to the Plant Protection Department, farmers who use SRI significantly reduce the use of chemicals, thus growing healthier food, improving soil quality, and protecting farm biodiversity. By 2015, there were 35 provinces in Vietnam applying SRI. This application mainly strives to reduce the usage of synthetic fertilizers by 30% by 2020, and to increase the usage of organic fertilizers. Another project was implemented from 2008 to 2014, the Vietnam Agriculture Competitiveness Project (ACP) which promoted modern farming technologies to improve productivity and protect the environment. More than 93,400 farmers were trained on sustainable farming techniques and new technologies. By 2020, the Vietnamese government aims to increase the area of implementation of such aforementioned projects and other projects, like SRI, to at least 50% of the agricultural cultivation.
Soaring Demand for Synthetic Fertilizers
According to the Ministry of Agriculture and Rural Development (MARD), the import of plant-protection chemicals in Vietnam has drastically increased. The traceability of food provenance and production methods are poorly regulated and enforced in Vietnam, where food quality still receives less attention, as compared to quantity. This can be primarily attributed to the oversupply of chemical fertilizers in the country, because of which, the farmers use fertilizers in much higher quantities than required. According to the Argus World NPK Outlook to 2031, Vietnam’s large-scale demand for NPK is consistently around 4mn t/yr. In 2014, Vietnam imported USD 1,240,810 thousand fertilizers but the figure soared to USD 1,439,172 thousand in 2015.
Key Developments in the Market
April 2017 – Bioway Hitech Fertilizer Joint Stock Company officially signed the exclusive right to receive Bioway AT-12H fermentation technology from the company named Bioway Organic USA.
Major Players of Vietnam Biofertilizer Market
The major players include –Vedan (Vietnam) Enterprise Corp. Ltd., Que Lam Group, Can Tho Fertilizer & Chemical Jsc, Ho Chi Minh Agriculture Technical Services Corporation, and Trung Hiep Loi Fertilizer Company, among others.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1 Drivers
3.1.1 Adoption of New Farming Practices
3.1.2 Increased Regulations on Chemical Residue Limits
3.1.3 High Prices of Organically-produced Crops
3.1.4 Increase in Arable Land
3.2 Restraints
3.2.1 Soaring Demand for Synthetic Fertilizers
3.2.2 High R&D costs and Low Product Availability
3.2.3 Low Consumer Awareness about Organic Fertilizers
4. Industry Analysis
4.1 Porter’s Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
5. Market Segmentation
5.1 By Micro Organism
5.1.1 Rhizobium
5.1.2 Azotobacter
5.1.3 Azospirillum
5.1.4 Blue-green Algae
5.1.5 Phosphate Solubilizing Bacteria
5.1.6 Mycorrhiza
5.1.7 Other Microorganisms
5.2 By Application
5.2.1 Grain and Cereal
5.2.2 Pulses and Oilseed
5.2.3 Fruit and Vegetable
5.2.4 Turf and Ornamental
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Binh Dien Fertilizer Joint Stock Company
7.2 Bioway Hitech Joint Stock Company
7.3 Can Tho Fertilizer & Chemical Jsc
7.4 Gold Tech
7.5 Ho Chi Minh Agriculture Technical Services Corporation
7.6 Que Lam Group
7.7 Trung Hiep Loi Fertilizer Company
7.8 Sinh Dien Thien Sinh JSC
7.9 Vedan (Vietnam) Enterprise Corp. Ltd.
7.10 Vietline
8. Future Outlook of the Market
9. Appendix
10. Disclaimer
Market Segmentation
By Micro Organism
Rhizobium
Azotobacter
Azospirillum
Blue-green Algae
Phosphate Solubilizing Bacteria
Mycorrhiza
Other Microorganisms
By ApplicationGrain and Cereal
Pulses and Oilseed
Fruit and Vegetable
Turf and Ornamental
Vietnam Floriculture Market –Segmented by Type of Cut Flowers – Growth, Trends, and Forecast (2018 – 2023)
| Agriculture | Published by: Mordor Intelligence | Market: |
| Unknown | Published: 24-06-2019 |
- Agriculture
- Mordor Intelligence
- pages
- Published: 24-06-2019
Market Overview
The cut flower exports from Vietnam are projected to register a CAGR of 7.8% during the forecast period, increasing from USD 44,392 thousand in 2017 to an expected USD 69,373 thousand by 2023. The Vietnamese market for floriculture is gaining pace and the production of flowers is increasing rapidly. Besides, experts in the agricultural industry proclaim that Vietnam has a lot of potential in becoming a leading exporter of floriculture products.
Flowers are cultivated in Ngocha, Quang an, Nhat tan, Tay tuu, and Vinch tuy village of Hanoi; also, at Dang hai commune, An hai suburb in Haiphong, Go vap, and Hoc mon districts in Ho Chi Minh City; Districts 11 and 12 in Dalat. These areas cover 70-80% of total land area under flowers. Flower production gives high economic return, which is 10-20 times more in comparison to rice. Hence, farmers in these areas have better living standards than others.
The Fastest Market Growing Flower in Cut Flowers – Chrysanthemum
The export of chrysanthemums by Vietnam to the rest of the world is projected to witness a CAGR of 11.7% during the forecast period, with the value USD 26,082.40 thousand in 2017. The chrysanthemums of Vietnam are the largest category of cut-flowers exported to other countries, and with the sector taking shape, the share of chrysanthemums is likely to improve, during the forecast period. Moreover, this flower is expected to register the second highest CAGR during the forecast period, among all the cut flowers. The popular varieties/species of chrysanthemums include – Chrysanthemum morifolium, C. indicum, C. leacanthemum, Taiwan yellow, Japan yellow, Xuxi chrysanthemum, etc.
Favorable Agro-climatic Conditions for Rose, Chrysanthemum, and Other Ornamental Plants
Vietnam has two different climatic regions, namely the subtropical region in the north and the tropical region in the south. Moreover, there are regions with particular temperate climate. Lam Dong province is considered the ‘golden land’ for developing tropical and temperate flowers in the country, due to its ideal conditions, such suitable day and night temperatures, and enough flat land for large-scale production. Vietnam accounts for a number of river deltas with fertile alluvial soil, which is suitable for large-scale production of cut flowers. Owing to varied climatic conditions, tropical, subtropical, and temperate flowers can be grown throughout the year, in the country
High Cost of Adoption of Modern Technology
Commercial cut flower cultivation requires specialized nurseries armed with superior planting material, glass house cultivation, and proper irrigation facility. Glass houses with proper irrigation facility also need a high upfront and operating expenses. In order to utilize a greenhouse to the best of its ability, it’s necessary to invest in a kit, or in supplies that will have a good lifespan and proper characteristics for the cut flower to grow. Specialized nurseries with effective in vitro production technology require a huge investment, which is difficult for farmers to procure.
Key Developments of Vietnam Floriculture Market
Jan 2016, According to ITC, Vietnam is trying to expand the export of Da Lat flowers from the current 10% output to 30% by 2020.
Mar 2018, The Vietnam Floriculture industry provides many opportunities for growers and suppliers as the government of Vietnam has provided the package of USD 4.40 billion for developing hi-tech agriculture.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1. Introduction
1.1 Market Definition
1.2 Research Approach and Methodology
1.3 Scope of the Report
2. Market Dynamics
2.1 Drivers
2.1.1 Favorable Agro-climatic Conditions for Rose, Chrysanthemum, and Other Ornamental Plants
2.1.2 Lower prices of floricultural produce
2.2 Restraints
2.2.1 Lack of proper awareness on cultivation measures and marketing of flowers
2.2.2 High cost for adoption of modern technology
2.3 Porter’s Five Forces Analysis
2.3.1 Bargaining Power of Suppliers
2.3.2 Bargaining Power of Buyers
2.3.3 Threat of New Entrants
2.3.4 Threat of Substitute Products
2.3.5 Degree of Competition
3. Export Market Study
3.1 By Top Countries
3.1.1 Japan
3.1.2 Australia
3.1.3 China
3.1.4 United States
3.1.5 The Russian Federation
3.1.6 India
3.1.7 Singapore
3.1.8 Indonesia
3.2 By Cut Flowers
3.2.1 Rose
3.2.2 Chrysanthemum
3.2.3 Orchid
3.2.4 Carnation
3.2.5 Lilies
4. Current Technological Status of Vietnamese Floriculture Market
5. Future Technological needs of Vietnamese Floriculture Market
Market Segmentation
By Export Market Study
By Top Countries
Japan
Australia
China
United States
The Russian Federation
India
Singapore
Indonesia
By Cut Flowers
Rose
Chrysanthemum
Orchid
Carnation
Lilies
Vietnam Biopesticide Market – Segmented by Product Group & Application Type – Growth, Trends and Forecasts (2018 – 2023)
| Agriculture | Published by: Mordor Intelligence | Market: |
| Unknown | Published: 24-06-2019 |
- Agriculture
- Mordor Intelligence
- pages
- Published: 24-06-2019
Market Overview
The Vietnamese biopesticides market was valued at USD 26.45 million in the year 2018 and is expected to register a CAGR of 16.43%, during the forecast period (2019-2024). In 2018, bio-insecticides was the largest product segment of the market studied and accounted for a share of around 91.2% of the market. In Vietnam, R&D activities mainly focus on breeding new crop varieties and developing appropriate production technologies for such crops based on the IPM. However, not much has been done to promote organic agriculture, which would be needed if the biopesticides market needs to grow rapidly.
Scope of the Report
According to the US EPA, biopesticides include naturally occurring substances (biochemical pesticides), microorganisms (microbial pesticides), and pesticidal substances produced by plants (plant-incorporated protectants). The Vietnamese biopesticides market study covers all three types of above mentioned commercial microbial, biochemical pesticides, and plant-incorporated protectant products.
Key Market Trends
Increase in Arable Land
In Vietnam, an increase of 0.2 million hectares of arable land per year was recorded by World-Bank and hence, the use of pesticides and fertilizers are growing in the country. The Vietnamese government has adopted land policies to bring a shift from the collectivized state-controlled agricultural production system to one based on individual farm households in the market place. The total area of agricultural land has increased by 3.2 million hectares and the increase is largely forest land (2.9 million hectares), while the land for long-day crops, such as spinach, lettuce, and some varieties of wheat has increased by 0.27 million hectares.
Bio-insecticides to Dominate the Biopesticides Market by Type
Bio-insecticides is the largest and the fastest growing segment of the biopesticides industry, and rice utilizes most of the bioinsecticides. The segment accounts for 91.2% of the biopesticides market share and the market is expected to reach USD 60.61 million by 2024. The International Rice Research Institute (IRRI) in the past had called for a ban on certain insecticides in rice production as part of its new Action Plan to reduce planthopper damage to the rice crop in Asia, including Viet Nam. All of this has led to a shift toward increased use of bioinsecticides. Development of resistance to chemical insecticides and concerns over the deleterious effects of chemicals on environmental and human safety have provided a strong impetus for the development of microbial control agents in the integrated pest management in Vietnam.
Competitive Landscape
The Vietnamese biopesticides market is highly fragmented and has the presence of several local and international players. There are over 50 biopesticide firms in Vietnam, most of them are distributors (as opposed to manufacturers) competing in the approximately USD 1 billion crop protection market. The top six firms, however, account for more than 20% of bio-pesticide revenue in Vietnam. More than 50% of the market share is attributed to local companies having a wide distribution network in Vietnam. Vinachem occupies the largest market share in the bio-pesticide segment in Vietnam, owing to its strong R&D, wider product portfolio, and strong foothold in the local market of Vietnam.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1. INTRODUCTION
1.1 Definition of the Market
1.2 Research Methodology
1.3 Report Description
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
4. MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1 Adoption of new farming practices
4.2.2 Growing demand for food safety and quality
4.2.3 High prices of organically produced crops
4.2.4 Increased regulations on chemical residue limits
4.2.5 Increase in arable land
4.3 Constraints
4.3.1 High synthetic pesticides demand and easy regulatory structure
4.3.2 Low Product Availability
4.3.3 Low consumer awareness of organic pesticides and fertilizers
4.3.4 Illegal availability of restricted pesticides at lower cost
4.4 Opportunities
4.4.1 Organizations promoting organic agriculture
4.4.2 Untapped Vietnamese Market
4.5 Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products and Services
4.5.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By product group/segment
5.1.1 Bioinsecticides
5.1.2 Bioherbicides
5.1.3 Biofungicides
5.1.4 Others
5.2 Application Type
5.2.1. Crop based
5.2.1.1.Grains & Cereals
5.2.1.2 Oil seeds
5.2.1.3 Fruits & Vegetables
5.2.2. Non Crop based
5.2.2.1 Turf & Ornamental Grass
5.2.2.2 Others
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Most active companies in the past five years
7. COMPANY PROFILES
7.1 BINH DIEN FERTILIZER JOINT STOCK COMPANY
7.2 BIOWAY-ORGANIC 5C
7.3 Baconco Vietnam
7.4 MARRONE BIO INNOVATIONS INC (UNITED STATES)
7.5 AgriInfoTech, Inc. USA
7.6 Seipasa
7.7 Shanghai Megchem Company ltd
7.8 ISAGRO SpA (ITALY)
7.9 KeyPlex
7.10 ANH VIET Co. Ltd
7.11 Can Tho Fertilizer & Chemical JSC
7.12 Song Gianh Fertilizer Company
8. APPENDIX
8.1 Abbreviations
8.2 Sources
8.3 Bibliography
8.4 Disclaimer
LIST OF TABLES
1. Vietnam Bioherbicides Market Value for 2012-2021 (In USD Million)
2. Vietnam Biofungicides Market Value for 2012-2021 (In USD Million)
3. Vietnam Bioinsecticides Market Value for 2012-2021 (In USD Million)
4. Vietnam other biopesticides Market Value for 2012-2021 (In USD Million)
5. Vietnam Crop-Based, Biopesticides Market Value , 2012-2021 (In USD Million)
6. Vietnam Grains & Cereals, Biopesticides Market Value, 2012-2021 (In USD Million)
7. Vietnam Oilseeds, Biopesticides Market Value, 2012-2021 (In USD Million)
8. Vietnam Fruits and Vegetables, Biopesticides Market Value, 2012-2021 (In USD Million)
9. Vietnam Non Crop-Based, Biopesticides Market Value, 2012-2021 (In USD Million)
10. Vietnam Turf and Ornamentals, Biopesticides Market Value, 2012-2021 (In USD Million)
11. Vietnam Other Non Crop Based, Biopesticides Market Value, 2012-2021 (In USD Million)
MARKET SEGMENTATION
By product group/segment
Bioinsecticides
Bioherbicides
Biofungicides
Others
Application Type
Crop based
Grains & Cereals
Oil seeds
Fruits & Vegetables
Non Crop based
Turf & Ornamental Grass
Others