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Warehouse Fumigants Market – Growth, Trends, and Forecast (2019 – 2024)
| Agriculture | Published by: Mordor Intelligence | Market: |
| 132 pages | Published: 17-06-2019 |
- Agriculture
- Mordor Intelligence
- 132 pages
- Published: 17-06-2019
Market Overview
The global warehouse fumigants market was valued at USD 1,030.9 million in 2018, and it is expected to register a CAGR of 5.4% during the forecast period (2019-2024). In 2018, North America was the largest geographical segment of the market studied and accounted for a share of around 33.8% of the global market. By type, the phosphine-based fumigant product segment had the largest market share of 26.3% in 2018 and is expected to remain the fastest-growing segment during 2019-2024.
Asia-Pacific has been identified as the region, which is yet to reach its maximum potential in the warehouse fumigant market. The market is driven by several factors, like rapid technological advancement in the sector, growing concerns over the post-harvest loss, and the shift in advance farming practices that led to increased yield. The introduction of fumigants to plants helps them keep the diseases away from their roots and to produce a better yield.
Scope of the Report
The use of fumigants helps increase the yield of the crop in the fields. The use of phosphine fumigants is a very effective method to control insects and pests in silos, grain bins, and warehouses, which is one of the major drivers of the market. Companies are also investing in many new storage technologies and integrating advanced fumigant technologies, which is expected to help in improving storage technologies for fumigants and boost the warehouse fumigants market in the long run.
Key Market Trends
Increased Need for Pest Control
The largest natural threat to the safe storage and distribution of grains is insect infestation in the pest control industry. However, tools like fumigation are more effective in controlling pest infestations and are more effective, as compared to structural and warehouse fumigation. It is anticipated that due to climate changes, like an increase in temperature, the insect population is going to increase in the future, leading to increased dependence on the usage of fumigants. In order to control insects in commodities and export materials, fumigation is one of the general methods, which is adopted widely across emerging countries. Globally, phosphine and methyl bromide are the two common fumigants, which are used for stored product protection.
North America Dominates the Global Market
North America contributes a significant share of global warehouse fumigant consumption with a 33.8% share in 2018, with the United States and Canada accounting for around 80% of the regional market. North America is a major market for agriculture fumigants, with over 250 authorized products available in the main countries of the United States and Canada. The major commodities using fumigants for both warehouse and soil application in the region are, corn, rice, barley, potato, tomato, wheat, strawberry, cabbage, etc. Due to very low export and storage capacities of countries like including Cuba, the Dominican Republic, Costa Rica, Jamaica and others, the growth rate and market share are expected to remain constant, until regulatory ban or stringent regulations on the usage of warehouse fumigants are brought into effect.
Competitive Landscape
The global warehouse fumigants market has been getting into a fragmented shape since 2016, and this process is likely to continue in the future as well. Acquisitions, partnerships and expansions account for more than half of the share among the strategies adopted by leading players. The main reason behind such intensive M&A activities, is the collaboration of new technology of the two companies, in order to develop technologically advanced and user-friendly fumigants for the market. The major acquisitions and industrial collaborations taking place are targeted toward forward and backward integration for deeper penetration and positioning in the 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
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Methyl Bromide
5.1.2 Sulfuryl Fluoride
5.1.3 Phosphine
5.1.4 Magnesium Phosphide
5.1.5 Aluminium Phosphide
5.1.6 Others
5.2 Application
5.2.1 Structural Fumigation
5.2.2 Commodity Storage Protection
5.3 Form
5.3.1 Solid
5.3.2 Liquid
5.3.3 Gas
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Netherlands
5.4.2.7 Poland
5.4.2.8 Italy
5.4.2.9 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Africa
5.4.5.1 South Africa
5.4.5.2 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 ADAMA Agricultural Solutions Ltd
6.3.2 UPL Group
6.3.3 Cytec Solvay Group
6.3.4 Degesch America Inc.
6.3.5 Douglas Products and Packaging Products LLC
6.3.6 BASF SE
6.3.7 DowDuPont Inc.
6.3.8 Reddick Fumigants, LLC
6.3.9 Ikeda Kogyo Co., Ltd.
6.3.10 Industrial Fumigation Company LLC
6.3.11 Lanxess
6.3.12 Nippon Chemical Industrial Co. Ltd
6.3.13 Vietnam Fumigation Joint Stock Company
6.3.14 Fumigation Services Pvt. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
Type
Methyl Bromide
Sulfuryl Fluoride
Phosphine
Magnesium Phosphide
Aluminium Phosphide
Others
Application
Structural Fumigation
Commodity Storage Protection
Form
Solid
Liquid
Gas
Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Netherlands
Poland
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa
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 Organic Fertilizers Market – Industry Analysis, Trends, and Forecast (2019 – 2024)
| Agriculture | Published by: Mordor Intelligence | Market: |
| 75 pages | Published: 17-06-2019 |
- Agriculture
- Mordor Intelligence
- 75 pages
- Published: 17-06-2019
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.
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 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness – Porter’s Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product
5.1.1 Organic Residues
5.1.1.1 Farm Yard Manure
5.1.1.2 Crop Residues
5.1.1.3 Green Manure
5.1.1.4 Other Products
5.2 Biofertilizer
5.2.1 Azotobacter
5.2.2 Rhizobium
5.2.3 Azospirillum
5.2.4 Blue-Green Algae
5.2.5 Azolla
5.2.6 Mycorrhiza
5.2.7 Other Biofertilizers
5.3 Application
5.3.1 Grains and Cereals
5.3.2 Oilseeds
5.3.3 Fruits and Vegetables
5.3.4 Turf and Ornamentals
5.3.5 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
6.3.1 Global Fertilizer Investment Corporation
6.3.2 Binh Dien Fertilizer Joint Stock Company
6.3.3 Bioway Hitech Joint Stock Company
6.3.4 Baconco Vietnam
6.3.5 Ha Lan Fertilizer Corporation
6.3.6 Que Lam Group
6.3.7 Long Viet
6.3.8 VALVA Co. Ltd
6.3.9 Gold Tech
6.3.10 Sinh Dien Thien Sinh JSC
6.3.11 Can Tho Fertilizer & Chemical Jsc
6.3.12 Song Gianh Fertilizer Company
6.3.13 Vietagro
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
Product
Organic Residues
Farm Yard Manure
Crop Residues
Green Manure
Other Products
Biofertilizer
Azotobacter
Rhizobium
Azospirillum
Blue-Green Algae
Azolla
Mycorrhiza
Other Biofertilizers
Application
Grains and Cereals
Oilseeds
Fruits and Vegetables
Turf and Ornamentals
Other Applications
Vietnam Fruits and Vegetables Market – Segmented by Fruits and Vegetables- 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
Vietnam is naturally endowed with advantageous characteristics of land, climate, and water resources. The largest diversity of water sources and deltas in Vietnam create the affluence and typicality for Vietnamese agricultural products. The fruits and vegetable market is valued at USD 4.9 billion in 2016 and is expected to register a CAGR of 3.7%.
Some of the major fruits and vegetables produced are bananas, watermelons, cabbage, onions, and cauliflowers among others. Bananas and watermelons together make up around 35% of the gross fruits and production in Vietnam, while cabbages, onions, and cauliflowers are all contributed about 90% of the vegetables. Moreover, to meet the export and consumer demand for fruits and vegetables, the government is planning to invest more in the agricultural sector.
Increasing Export Demand
Vietnam is one of the largest producers of fruits and vegetables, owing to its favorable climatic conditions and diverse water resources. In recent years Vietnam has exported its fruits and vegetables to high-standard economies such as China, the US, Japan, Thailand, and Malaysia. Vietnam has exported around USD 543 million of fruits and vegetables accounting for an increase of about 26% from 2016 to 2016. Recent efforts in the technological application in harvesting and preservation, seed selection, and quality control are allowing the Vietnamese fruits and vegetable market to penetrate into the advanced markets. The country is expected to upsurge its export demand by promoting its negotiations in exporting apples and mangoes to US, red dragon fruit to Japan, apple, and lychee to South Korea. Recognizing its high potential market for fruits and vegetables, the country has to address some new alarming challenges like high-quality standards and technological advancements, in order to sustain its position in the international market.
Limited Access to Technology
Most of the production of fruits and vegetables in Vietnam focus on conventionally obsolete methods. The main reason for this includes the experiences gained by the individuals are soon be passed down to next generations over thousands of years, thereby restricting the access to technology. The other cause includes most of the cultivable land in Vietnam belongs to small holdings, which thus creating obstacles in operating monotonous and sizeable machines. Unfortunately due to lack of knowledge producers are overusing chemicals, which in turn is affecting the overall yield and quality of the crops. So in order to reduce the adverse impacts, ubiquitous agricultural practices are usually being followed by the Vietnamese farmers, which in turn is limiting the quality standards of Vietnam in terms of international trade. According to our analysis the other factors like high transportation costs, irradiation treatment for fruits and high preservation costs are also likely to impact the market for fruits and vegetable market in Vietnam, thereby affecting the competitiveness of the Vietnamese products in the International trade market.
Bananas Dominate the Fruits Segment
Bananas have been dominating the Vietnam market with a huge production accounting to 1.94 million metric tons in 2016, which is around 22% of the overall fruit production in Vietnam. Bananas are considered to be one of the largest grown fruits in Vietnam accounting for 19% of the fruit cultivable area. Banana was never considered to be the key fruit tree and Vietnam had never formulated any fruit development plans on banana, but observing its global trend, Vietnamese government is planning to produce more varieties of bananas with mere focus on production chain including harvesting, cleaning, labeling and packing, so as to maintain its competency in the international market.
Key Developments in Vietnam Fruits and Vegetables Market
July 2018 – Wholesale markets of fruits and vegetables are observing a serious threat due to improper disposal of agro-waste, because of which markets are spending about USD 7000 every month on collecting such huge waste.
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 Increasing Export Demand
3.1.2 Increasing Domestic Consumption for Fruits
3.1.3 Increasing Safe Vegetable Production Programs
3.2 Restraints
3.2.1 Restricted FDI Investments in fruits and Vegetable Sector
3.2.2 Limited Access to Technology
3.2.3 Improper Market Entry in US and EU
3.3 Porter’s Five Forces Analysis
3.3.1 Bargaining Powers of Buyers
3.3.2 Bargaining Powers of Suppliers
3.3.3 Threat of New Entrants
3.3.4 Threat from Substitute products
3.3.5 Competition Rivalry
4. Market Segmentation
4.1 Vegetables
4.1.1 Market Size (USD million)
4.1.2 Domestic Production Overview
4.1.3 Domestic Consumption Overview
4.1.4 Import Value & Volume
4.1.5 Export Value & Volume
4.2 Fruits
4.2.1 Market Size (USD million)
4.2.2 Domestic Production Overview
4.2.3 Domestic Consumption Overview
4.2.4 Import Value & Volume
4.2.5 Export Value & Volume
5. International Trade & Price Scenarios
5.1 Bananas
5.2 Watermelons
5.3 Berries
5.4 Mangoes
5.5 Oranges
5.6 Cabbages
5.7 Onions
5.8 Cauliflowers
5.9 Mushrooms
5.10 Grapes
6. Regional Analysis
6.1 PESTLE Analysis
6.2 Supply Chain Analysis
6.3 Government Policies
7. Competitive Analysis
7.1 Distribution Network & Retail Analysis
7.2 List/Profile of Key Players
8. Future Outlook of the Market
9. Disclaimer
Market Segmentation
Vegetables
Market Size (USD million)
Domestic Production Overview
Domestic Consumption Overview
Import Value & Volume
Export Value & Volume
Fruits
Market Size (USD million)
Domestic Production Overview
Domestic Consumption Overview
Import Value & Volume
Export Value & Volume
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 Combine Harvester Market – Segmented by Power and Region – 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 combine harvester market in Vietnam was valued at USD 21.1 million in 2017 and is expected to witness a CAGR of 13.2% during the forecast period (2018-2023).
The price of domestically produced agricultural combine harvesters is higher than that of imported ones. Around 90% of the combine harvesters sold in Vietnam are imported, with only 10% being domestically produced. Although the combine harvesters produced domestically have improved to a large extent, most farmers still prefer to import these. The main reason for this is the high quality and durability of the imported machines. Additionally, as per Decision No. 63/2010 / QD-TTG of the Government, farmers are only allowed to buy domestic integrated machines, however, most farmers do not benefit from this support policy. Increasing the government’s concern regarding post-harvest losses have created additional demand for combine harvesters.
Custom Hiring of Combine Harvesters
Agricultural co-operatives and private enterprises are the providers of machinery for hire. Organizations and agencies that offer hiring services have efficient combine harvesters such as Vietnam Institute of Agricultural Engineering and Post-Harvest losses (VIAEP). These organizations are available especially in Mekong River Delta and Red River Delta. The hiring of agricultural machinery is a practice in Vietnam so that farmers can use combine harvesters effectively to produce crops with the high level of efficiency. This provides a greater opportunity for machinery manufacturers to develop their business segment of the combine harvester in Vietnam.
Limited Manufacturing of Combine Harvesters
The production of combine harvester is minimal in the country compared to other segments of agricultural machinery such as agricultural tractors and rice transplanters. The manufacturing is dispersed at a small scale with very less effectiveness and efficiency. Infrastructure for agriculture in Vietnam is very poor and inadequate, a few rural regions are unaware of advanced agricultural techniques and combine harvesters and its advantages. Emission standards should also be followed by harvester manufacturers, as they have regulations by the environment sector. Vietnam has Euro 4 regulations on gasoline vehicles, which is going to be a restraint for the manufacturing of combine harvester. The quality of the combine harvesters produced in Vietnam is low, which is unable to satisfy the demand of Vietnam agriculture. Hence, Vietnam is importing 90% of combine harvesters from other harvester manufacturing countries.
Mekong River Delta Dominates the Vietnam Combine Harvester Market in terms of Revenue
Mekong River Delta is the largest region for combine harvester market in Vietnam, acquiring 52.3% of the total market share in the country in 2017, followed by Red River Delta and North Central Coast. The local government provides combine harvesters on the lease so that farmers can harvest their crops at the appropriate time, as the region is prone to storms and cyclones. Despite large average land holdings in Mekong Delta, the agriculture is still largely based on small-scale production by a large number of small-holder farmers. Mekong River Delta is the major producer of rice, sugarcane and soybean as it produces 52% of rice, 19% of sugarcane and 7% of soybean.
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 1000 combine harvesters to consolidate 7% share in the Vietnamese agricultural market.
January 2018– Kubota recently launched new DC-70 Plus in Phu Yen province of Vietnam where the company organized an agricultural fare for farmers in cooperation with Phu Yen Department of Agriculture and Rural Development.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
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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 Custom Hiring of Combine Harvesters
3.1.2 Shortage of Seasonal Agricultural Labor
3.1.3 Favorable Government Policies
3.2 Restraints
3.2.1 Lack of Awareness about Modern Agricultural Techniques
3.2.2 Limited Manufacturing of Combine Harvesters
3.2.3 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 <35 HP
5.1.2 35-70 HP
5.1.3 >70 HP
5.2 By Region
5.2.1 Red River Delta
5.2.2 North East
5.2.3 North West
5.2.4 North Central Coast
5.2.5 South Central Coast
5.2.6 Central Highlands
5.2.7 South East
5.2.8 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 Claas
7.2 CNH
7.3 Iseki
7.4 Kubota
7.5 ShanDong HuaXin Machinery Co., Ltd.
7.6 Truong Hai Auto Corporation (THACO)
7.7 Tong Yang Moolsan Co., Ltd.
7.8 VEAM
7.9 Vietnam Agrotech Co., Ltd
7.10 Yanmar
8. Future Outlook of the Market
9. Appendix
10. Disclaimer
Market Segmentation
By Power
<35 HP
35-70 HP
>70 HP
By Region
Red River Delta
North East
North West
North Central Coast
South Central Coast
Central Highlands
South East
Mekong River Delta