Vietnamese Pesticides Industry Scrutinised by MicroMarketMonitor in Its New Market Research Report Published at MarketPublishers.com
07 Apr 2016 • by Natalie Aster
LONDON – Vietnam’s market for pesticides is projected to reach USD 1,212.5 million by 2020, recording a CAGR of just under 4.5%. With the ever-surging demand for better quality farm produce and the soaring need for organic and environmentally sound pesticides, the usage of bio-based pesticides will likely to give a boost to the market.
The use of appropriate pesticides helps protect the crops and enhances the quality of output from the fields, thus raising the export value of crops. R&D investments in synthetic pesticides of good quality along with the promotion of bio-based pesticides by the national government have created enormous growth opportunities for the foreseeable future. As a consequence, a great many global players have entered into the production of diverse pesticide types in Vietnam.
BASF SE, Bayer CropScience AG, Arysta LifeScience Corporation, Vietnam Fumigation Joint Stock Company and HAI Agrochem Joint Stock Company are the most prominent players in the market space. The other players that have a strong presence in the pesticides marketplace comprise Vietnam-based firms such as Sai Gon Plant Protection Joint Stock Company, Tan Thanh Biochem company, ADC Group, Golden Rice Agrochemical, MAP Pacific Company Limited, Phu Nong and Hop Tri Agrochemicals.
New cutting-edge research report “Vietnam Pesticides Market” developed by MicroMarketMonitor includes an in-depth analysis of the domestic pesticides market. It offers comprehensive market segmentation based on type, crop type, origin, formulation, and application area. The report highlights the market dynamics by reviewing the market drivers, challenges, restraints, challenges and opportunities; sheds light on the burning issues and prevailing trends in the industry; contains company profiles of the 12 leading market participants. Moreover, the report includes market share data, size estimates (by value and volume) data for the whole market and for each of the individual segments. Furthermore, granular forecasts of the country’s pesticides market development through 2020 are presented in the publication.
Vietnam Pesticides Market
Published: April, 2016
Price: US$ 2,650.00
More new research reports by MicroMarketMonitor can be found at its page.