Vietnam Insecticide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Vietnam Insecticide Market is segmented by Application Mode (Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment) and by Crop Type (Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by application mode and crop types.

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Vietnam Insecticide Market Size

Vietnam Insecticide Market Summary
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Icons Lable Value
svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.54 Billion
svg icon Market Size (2029) USD 1.81 Billion
svg icon Largest Share by Application Mode Foliar
svg icon CAGR (2024 - 2029) 3.32 %
svg icon Fastest Growing by Application Mode Seed Treatment
svg icon Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

Compare market size and growth of Vietnam Insecticide Market with other markets in Agriculture Industry

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

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Vietnam Insecticide Market Analysis

The Vietnam Insecticide Market size is estimated at 1.54 billion USD in 2024, and is expected to reach 1.81 billion USD by 2029, growing at a CAGR of 3.32% during the forecast period (2024-2029).

1.54 Billion

Market Size in 2024 (USD)

1.81 Billion

Market Size in 2029 (USD)

6.15 %

CAGR (2017-2023)

3.32 %

CAGR (2024-2029)

Largest Segment by Application Mode

58.18 %

value share, Foliar, 2023

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The foliar mode is more effective in controlling pests in prominent crops, such as leaffolder caterpillars in rice and fall armyworms in maize, and increasing crop yield.

Largest Segment by Crop Type

64.71 %

value share, Grains & Cereals, 2023

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Grains and cereals are more susceptible to various pests and have a larger cultivation area compared to other crops. The productivity of staple food crops needs to be increased.

Fastest-Growing Segment by Crop Type

3.52 %

Projected CAGR, Fruits & Vegetables, 2024-2029

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The market is growing due to the increasing demand for the country's fruits and vegetables in international markets, as well as crop losses caused by pest attacks.

Leading Market Player 1

5.50 %

market share, UPL Limited, 2022

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Syngenta Group is focused on product innovation and has partnered with Vietnam Fumigation Joint Stock Company to provide efficient insecticide products to farmers.

Leading Market Player 2

4.62 %

market share, Syngenta Group, 2022

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ADAMA invested in enhancing its R&D capabilities to help expand and accelerate its own research and development in the field of plant protection.

Frequent crop losses due to stem borers, armyworms, and aphids increase the usage of insecticides

  • Vietnamese farmers primarily rely on insecticides to combat insect pests that pose a threat to major crops. Depending on the specific pests and crops, farmers adopt suitable application methods to control the pests effectively across a wide range of crops. This approach allows them to mitigate the damage caused by pests and protect their agricultural produce.
  • In 2022, the market was largely dominated by the foliar application of insecticides, which held a significant share of 58.1%. This dominance could be attributed to the numerous benefits associated with this method. Directly applying insecticides to the leaves of plants enables rapid and efficient action against targeted pests. Moreover, the country's prominent crops, such as rice and maize, are highly susceptible to insect pests like rice stem borers, armyworms, and aphids. Through the utilization of foliar insecticide applications, farmers can effectively control and manage pest populations. This advantageous approach has contributed to the growing adoption of foliar applications in the country.
  • In 2022, seed treatment emerged as another significant mode of applying insecticides, representing a market share of 16.7%. This method involves treating seeds with suitable insecticides, which proves effective in controlling insect larvae and nematodes that significantly impact crop growth during the early stages. The growing adoption of this approach can be attributed to the latest advancements in seed treatment insecticides, enabling effective control of pests both above and below the ground.
  • Other application modes used by the farmers include chemigation, fumigation, and soil treatment. Increasing pest infestations and the need for higher productivity are expected to drive the market at a CAGR of 3.3%.
Vietnam Insecticide Market

Vietnam Insecticide Market Trends

The increasing occurrence of pests, changes in weather conditions, and the adoption of intensive farming practices are expected to increase the consumption of insecticides

  • In Vietnam, the consumption of pesticides for crops is expected to increase due to the increasing prevalence of pests as a result of changing weather conditions and the emergence of pest populations that are resistant to conventional control methods. Both these factors have driven demand for insecticides to combat the growing pest issues.
  • The rapid spread of FAW across the country in 2019 significantly impacted the agricultural sector, causing considerable damage to crops. Over 35,000 hectares of corn were affected by FAW in 40 provinces during that year. As a consequence, the consumption of herbicides witnessed a notable increase during this period as farmers increased their usage of insecticides to safeguard their crops.
  • Agricultural activities have expanded significantly in response to the rising demand for food. This expansion may necessitate enhanced pest control measures to protect crops from damage. Consequently, the usage of insecticides is expected to increase, particularly in regions where intensive farming practices are employed.
  • Vietnam has also witnessed a substantial rise in the cultivation of GE corn varieties. As of 2020, approximately 92,000 hectares of GE corn were planted, including insect-resistant varieties, which accounted for approximately 10% of the total crop area. This increase in GE corn cultivation in Vietnam impacted insecticide consumption.
  • Therefore, the increasing occurrence of pests, changes in weather conditions, and the adoption of intensive farming practices are the primary factors that are expected to increase the utilization of insecticides for crops in Vietnam.
Vietnam Insecticide Market

Vietnam imports most of its insecticides from China, India, and the United States and is the third-largest importer of insecticides in the world

  • Vietnam is an import-dependent country in terms of active ingredients for insecticides; there are limited companies in Vietnam that produce active ingredients for pesticides. Vietnam imports the majority of Cypermethrin and Imidacloprid from China, Germany, and India. The prices of these active ingredients depend on various factors such as pest incidence, currency exchange rates, and import tariffs.
  • Cypermethrin is a synthetic pyrethroid insecticide, which was valued at USD 21.1 thousand per metric ton in 2022. Cypermethrin controls a wide range of pests, including Lepidoptera, Coleoptera, Diptera, and Hemipteran, that affect cereals and pulses in Vietnam. Similarly, Imidacloprid is a systemic insecticide, which was valued at USD 17.2 thousand per metric ton in 2022. Imidacloprid is used to control sucking and chewing insects in various crops.
  • Malathion is an organophosphate insecticide, which was valued at USD 12.5 thousand per metric ton. Malathion is used to control weevils and fruit flies, which are major pests in South Vietnam. These pests cause up to 30.0% annual yield losses in crops such as guava, sapota, soursop, papaya, and dragon fruit.
  • Vietnam imports most of its insecticides from China, India, and the United States. Globally, Vietnam is the third-largest importer of insecticides. In 2018, there was a flood in the country that disrupted supply chains, both domestically and internationally. As a result, transportation routes were affected, leading to increased demand and a limited supply of active ingredients. Owing to that, the prices of active ingredients increased in 2018.
Vietnam Insecticide Market

Vietnam Insecticide Industry Overview

The Vietnam Insecticide Market is fragmented, with the top five companies occupying 11.73%. The major players in this market are ADAMA Agricultural Solutions Ltd., Bayer AG, Syngenta Group, UPL Limited and Wynca Group (Wynca Chemicals) (sorted alphabetically).

Vietnam Insecticide Market Leaders

  1. ADAMA Agricultural Solutions Ltd.

  2. Bayer AG

  3. Syngenta Group

  4. UPL Limited

  5. Wynca Group (Wynca Chemicals)

Vietnam Insecticide Market Concentration

Other important companies include BASF SE, Corteva Agriscience, FMC Corporation, PI Industries.

*Disclaimer: Major Players sorted in alphabetical order.

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Vietnam Insecticide Market News

  • January 2023: Bayer formed a new partnership with Oerth Bio to enhance crop protection technology and create more eco-friendly crop protection solutions.
  • May 2022: UPL partnered with Bayer for Spirotetramat insecticide to develop new pest management solutions. Through this long-term global data access and supply agreement with Bayer, specifically for addressing farmer demands regarding resistance management and difficult-to-control sucking pests, UPL will develop, register, and distribute new unique solutions, including Spirotetramat, using its experience in insecticides and worldwide research and development network.
  • November 2021: Syngenta Crop Protection introduced the Plinazolin technology, a new active ingredient with a unique Mode of Action (IRAC Group 30) for insect control to assist farmers in protecting their crops from a variety of pests.

Free with this Report

Along with the report, We also offer a comprehensive and exhaustive data pack with 50+ graphs on insecticide, fungicides, and herbicides consumption per hectare and the average price of active ingredients used in insecticides, fungicides, herbicides, nematicides, and molluscicides. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.

Vietnam Insecticide Market
Vietnam Insecticide Market
Vietnam Insecticide Market
Vietnam Insecticide Market

Vietnam Insecticide Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Consumption Of Pesticide Per Hectare

    2. 2.2. Pricing Analysis For Active Ingredients

    3. 2.3. Regulatory Framework

      1. 2.3.1. Vietnam

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Application Mode

      1. 3.1.1. Chemigation

      2. 3.1.2. Foliar

      3. 3.1.3. Fumigation

      4. 3.1.4. Seed Treatment

      5. 3.1.5. Soil Treatment

    2. 3.2. Crop Type

      1. 3.2.1. Commercial Crops

      2. 3.2.2. Fruits & Vegetables

      3. 3.2.3. Grains & Cereals

      4. 3.2.4. Pulses & Oilseeds

      5. 3.2.5. Turf & Ornamental

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)

      1. 4.4.1. ADAMA Agricultural Solutions Ltd.

      2. 4.4.2. BASF SE

      3. 4.4.3. Bayer AG

      4. 4.4.4. Corteva Agriscience

      5. 4.4.5. FMC Corporation

      6. 4.4.6. PI Industries

      7. 4.4.7. Syngenta Group

      8. 4.4.8. UPL Limited

      9. 4.4.9. Wynca Group (Wynca Chemicals)

  7. 5. KEY STRATEGIC QUESTIONS FOR CROP PROTECTION CHEMICALS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. INSECTICIDE CONSUMPTION PER HECTARE, GRAMS, VIETNAM, 2017 - 2022
  1. Figure 2:  
  2. ACTIVE INGREDIENT PRICE PER METRIC TON, USD, VIETNAM, 2017 - 2022
  1. Figure 3:  
  2. INSECTICIDE VOLUME METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 4:  
  2. INSECTICIDE VALUE USD, VIETNAM, 2017 - 2029
  1. Figure 5:  
  2. INSECTICIDE MARKET BY APPLICATION MODE, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 6:  
  2. INSECTICIDE MARKET BY APPLICATION MODE, USD, VIETNAM, 2017 - 2029
  1. Figure 7:  
  2. VALUE SHARE OF INSECTICIDE BY APPLICATION MODE, %, VIETNAM, 2017 VS 2023 VS 2029
  1. Figure 8:  
  2. VOLUME SHARE OF INSECTICIDE BY APPLICATION MODE, %, VIETNAM, 2017 VS 2023 VS 2029
  1. Figure 9:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 10:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, USD, VIETNAM, 2017 - 2029
  1. Figure 11:  
  2. VALUE SHARE OF CHEMIGATION BY CROP TYPE, %, VIETNAM, 2022 VS 2029
  1. Figure 12:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 13:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, USD, VIETNAM, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF FOLIAR BY CROP TYPE, %, VIETNAM, 2022 VS 2029
  1. Figure 15:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 16:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, USD, VIETNAM, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF FUMIGATION BY CROP TYPE, %, VIETNAM, 2022 VS 2029
  1. Figure 18:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 19:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, USD, VIETNAM, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF SEED TREATMENT BY CROP TYPE, %, VIETNAM, 2022 VS 2029
  1. Figure 21:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 22:  
  2. CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, USD, VIETNAM, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF SOIL TREATMENT BY CROP TYPE, %, VIETNAM, 2022 VS 2029
  1. Figure 24:  
  2. INSECTICIDE MARKET BY CROP TYPE, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 25:  
  2. INSECTICIDE MARKET BY CROP TYPE, USD, VIETNAM, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF INSECTICIDE BY CROP TYPE, %, VIETNAM, 2017 VS 2023 VS 2029
  1. Figure 27:  
  2. VOLUME SHARE OF INSECTICIDE BY CROP TYPE, %, VIETNAM, 2017 VS 2023 VS 2029
  1. Figure 28:  
  2. INSECTICIDE CONSUMED BY COMMERCIAL CROPS, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 29:  
  2. INSECTICIDE CONSUMED BY COMMERCIAL CROPS, USD, VIETNAM, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF COMMERCIAL CROPS BY APPLICATION MODE, %, VIETNAM, 2022 VS 2029
  1. Figure 31:  
  2. INSECTICIDE CONSUMED BY FRUITS & VEGETABLES, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 32:  
  2. INSECTICIDE CONSUMED BY FRUITS & VEGETABLES, USD, VIETNAM, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF FRUITS & VEGETABLES BY APPLICATION MODE, %, VIETNAM, 2022 VS 2029
  1. Figure 34:  
  2. INSECTICIDE CONSUMED BY GRAINS & CEREALS, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 35:  
  2. INSECTICIDE CONSUMED BY GRAINS & CEREALS, USD, VIETNAM, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF GRAINS & CEREALS BY APPLICATION MODE, %, VIETNAM, 2022 VS 2029
  1. Figure 37:  
  2. INSECTICIDE CONSUMED BY PULSES & OILSEEDS, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 38:  
  2. INSECTICIDE CONSUMED BY PULSES & OILSEEDS, USD, VIETNAM, 2017 - 2029
  1. Figure 39:  
  2. VALUE SHARE OF PULSES & OILSEEDS BY APPLICATION MODE, %, VIETNAM, 2022 VS 2029
  1. Figure 40:  
  2. INSECTICIDE CONSUMED BY TURF & ORNAMENTAL, METRIC TON, VIETNAM, 2017 - 2029
  1. Figure 41:  
  2. INSECTICIDE CONSUMED BY TURF & ORNAMENTAL, USD, VIETNAM, 2017 - 2029
  1. Figure 42:  
  2. VALUE SHARE OF TURF & ORNAMENTAL BY APPLICATION MODE, %, VIETNAM, 2022 VS 2029
  1. Figure 43:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, VIETNAM, 2017-2022
  1. Figure 44:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, VIETNAM, 2017-2022
  1. Figure 45:  
  2. MARKET SHARE OF MAJOR PLAYERS, %, VIETNAM 2023

Vietnam Insecticide Industry Segmentation

Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type.

  • Vietnamese farmers primarily rely on insecticides to combat insect pests that pose a threat to major crops. Depending on the specific pests and crops, farmers adopt suitable application methods to control the pests effectively across a wide range of crops. This approach allows them to mitigate the damage caused by pests and protect their agricultural produce.
  • In 2022, the market was largely dominated by the foliar application of insecticides, which held a significant share of 58.1%. This dominance could be attributed to the numerous benefits associated with this method. Directly applying insecticides to the leaves of plants enables rapid and efficient action against targeted pests. Moreover, the country's prominent crops, such as rice and maize, are highly susceptible to insect pests like rice stem borers, armyworms, and aphids. Through the utilization of foliar insecticide applications, farmers can effectively control and manage pest populations. This advantageous approach has contributed to the growing adoption of foliar applications in the country.
  • In 2022, seed treatment emerged as another significant mode of applying insecticides, representing a market share of 16.7%. This method involves treating seeds with suitable insecticides, which proves effective in controlling insect larvae and nematodes that significantly impact crop growth during the early stages. The growing adoption of this approach can be attributed to the latest advancements in seed treatment insecticides, enabling effective control of pests both above and below the ground.
  • Other application modes used by the farmers include chemigation, fumigation, and soil treatment. Increasing pest infestations and the need for higher productivity are expected to drive the market at a CAGR of 3.3%.
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
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Market Definition

  • Function - Insecticides are chemicals used to control or prevent insects from damaging the crop and prevent yield loss.
  • Application Mode - Foliar, Seed Treatment, Soil Treatment, Chemigation, and Fumigation are the different type of application modes through which crop protection chemicals are applied to the crops.
  • Crop Type - This represents the consumption of crop protection chemicals by Cereals, Pulses, Oilseeds, Fruits, Vegetables, Turf, and Ornamental crops.
Keyword Definition
IWM​ Integrated weed management (IWM) is an approach to incorporate multiple weed control techniques throughout the growing season to give producers the best opportunity to control problematic weeds.​
Host​ Hosts are the plants that form relationships with beneficial microorganisms and help them colonize.​
Pathogen​ A disease-causing organism.​
Herbigation​ Herbigation is an effective method of applying herbicides through irrigation systems.​
Maximum residue levels (MRL)​ Maximum Residue Limit (MRL) is the maximum allowed limit of pesticide residue in food or feed obtained from plants and animals.
IoT​ The Internet of Things (IoT) is a network of interconnected devices that connect and exchange data with other IoT devices and the cloud.​
Herbicide-tolerant varieties (HTVs)​ Herbicide-tolerant varieties are plant species that have been genetically engineered to be resistant to herbicides used on crops.​
Chemigation​ Chemigation is a method of applying pesticides to crops through an irrigation system.​
Crop Protection​ Crop protection is a method of protecting crop yields from different pests, including insects, weeds, plant diseases, and others that cause damage to agricultural crops.​
Seed Treatment​ Seed treatment helps to disinfect seeds or seedlings from seed-borne or soil-borne pests. Crop protection chemicals, such as fungicides, insecticides, or nematicides, are commonly used for seed treatment.
Fumigation​ Fumigation is the application of crop protection chemicals in gaseous form to control pests.
Bait ​A bait is a food or other material used to lure a pest and kill it through various methods, including poisoning.
Contact Fungicide​ Contact pesticides prevent crop contamination and combat fungal pathogens.​ They act on pests (fungi) only when they come in contact with the pests.
Systemic Fungicide​ A systemic fungicide is a compound taken up by a plant and then translocated within the plant, thus protecting the plant from attack by pathogens.​
Mass Drug Administration (MDA)​ Mass drug administration is the strategy to control or eliminate many neglected tropical diseases​.
Mollusks​ Mollusks are pests that feed on crops, causing crop damage and yield loss. Mollusks include octopi, squid, snails, and slugs.
Pre-emergence Herbicide​ Preemergence herbicides are a form of chemical weed control that prevents germinated weed seedlings from becoming established.​
Post-emergence Herbicide​ Postemergence herbicides are applied to the agricultural field to control weeds after emergence (germination) of seeds or seedlings.​
Active Ingredients​ Active ingredients are the chemicals in pesticide products that kill, control, or repel pests.​
United States Department of Agriculture (USDA)​ The Department of Agriculture provides leadership on food, agriculture, natural resources, and related issues​.
Weed Science Society of America (WSSA) ​ The WSSA, a non-profit professional society, promotes research, education, and extension outreach activities related to weeds​.
Suspension concentrate​ Suspension concentrate (SC) is one of the formulations of crop protection chemicals with solid active ingredients dispersed in water.​
Wettable powder​ A wettable powder (WP) is a powder formulation that forms a suspension when mixed with water prior to spraying. ​
Emulsifiable concentrate ​ Emulsifiable concentrate (EC) is a concentrated liquid formulation of pesticide that needs to be diluted with water to create a spray solution.​
Plant-parasitic nematodes ​ Parasitic Nematodes feed on the roots of crops, causing damage to the roots. These damages allow for easy plant infestation by soil-borne pathogens, which results in crop or yield loss.
Australian Weeds Strategy (AWS)​ The Australian Weeds Strategy, owned by the Environment and Invasives Committee, provides national guidance on weed management.​
Weed Science Society of Japan (WSSJ) ​ WSSJ aims to contribute to the prevention of weed damage and the utilization of weed value by providing the chance for research presentation and information exchange.​
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Vietnam Insecticide Market Research FAQs

The Vietnam Insecticide Market size is expected to reach USD 1.54 billion in 2024 and grow at a CAGR of 3.32% to reach USD 1.81 billion by 2029.

In 2024, the Vietnam Insecticide Market size is expected to reach USD 1.54 billion.

ADAMA Agricultural Solutions Ltd., Bayer AG, Syngenta Group, UPL Limited and Wynca Group (Wynca Chemicals) are the major companies operating in the Vietnam Insecticide Market.

In the Vietnam Insecticide Market, the Foliar segment accounts for the largest share by application mode.

In 2024, the Seed Treatment segment accounts for the fastest growing by application mode in the Vietnam Insecticide Market.

In 2023, the Vietnam Insecticide Market size was estimated at 1.54 billion. The report covers the Vietnam Insecticide Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Insecticide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Vietnam Insecticide Industry Report

Statistics for the 2023 Vietnam Insecticide market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Insecticide analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Vietnam Insecticide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029