Vietnam Insecticide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

Vietnam Insecticide Market Analysis

The Vietnam Insecticide Market size is estimated at 1.59 billion USD in 2025, and is expected to reach 1.85 billion USD by 2030, growing at a CAGR of 3.08% during the forecast period (2025-2030).

Vietnam's agricultural sector continues to demonstrate robust growth, with insecticides playing a crucial role in crop protection and yield optimization. The sector contributed 12.6% to the country's GDP in 2021, highlighting its significant economic importance. The country has established itself as a major producer and exporter of various crops, including rice, coffee, cotton, peanuts, rubber, sugarcane, tea, and a diverse range of fruits and vegetables. The Mekong Delta region, which produces over 50% of Vietnam's rice, has become particularly significant in the agricultural landscape, utilizing approximately 19% of cartap hydrochloride insecticide in its rice cultivation practices to protect crops from various pests.

The agricultural landscape is witnessing a significant transformation with the adoption of advanced farming practices and genetically engineered crops. As of 2022, approximately 92,000 hectares were dedicated to GE corn cultivation, representing about 10% of the total crop area, including insect-resistant varieties. This shift towards modern agricultural practices has been accompanied by the implementation of integrated pest management (IPM) strategies, which the government has made mandatory for economically important crops, particularly those destined for export markets. Farmers are increasingly adopting alternative biological products and organic farming methods, particularly in crops like peanuts, indicating a gradual shift towards sustainable agriculture with the use of biological insecticide and organic insecticide options.

The insecticide application methods have evolved significantly, with foliar application emerging as the dominant method, accounting for 58.1% of the market share in 2022. This preference is attributed to its effectiveness in providing rapid and efficient pest control, particularly for crops susceptible to pests like rice stem borers, armyworms, and aphids. The industry has also witnessed technological advancements in seed treatment insecticides, enabling effective control of pests both above and below ground. The Mekong Delta region has particularly benefited from these developments, implementing strategic insecticide application timing for optimal efficacy against stem borers, maggots, and leaf folders.

Environmental considerations and sustainable pest management practices are becoming increasingly important in Vietnam's agricultural sector. Farmers are actively implementing alternative pest control methods, as evidenced by fruit growers who are adopting innovative approaches such as using light bulbs to lure beetles and installing water pot traps, reducing their reliance on chemical pesticides. The government's emphasis on IPM strategies has led to increased adoption of biological pesticides and alternative control methods, particularly in key economic crops. This shift is supported by research conducted in climate-smart villages, demonstrating that farmers can achieve higher profits by minimizing pesticide usage while maintaining crop protection effectiveness.

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 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.

Segment Analysis: Application Mode

Foliar Segment in Vietnam Insecticide Market

The foliar application mode dominates the Vietnam insecticide market, accounting for approximately 58% of the market share in 2024. This significant market position can be attributed to the method's superior effectiveness in controlling various pests in major crops like rice and maize. Foliar application of insecticides targets plant foliage, providing efficient control of diverse pests, including aphids, caterpillars, beetles, and mites. The method's popularity stems from its flexibility in application timing and dosage compared to other methods, allowing farmers to respond quickly to pest infestations. The segment's dominance is particularly evident in grain and cereal crops, where it serves as a vital tool in combating pests such as rice stem borers, armyworms, and aphids.

Seed Treatment Segment in Vietnam Insecticide Market

The seed treatment segment is projected to exhibit the fastest growth in the Vietnam insecticide market during 2024-2029, with an expected CAGR of approximately 4%. This growth trajectory is driven by the increasing recognition of seed treatment's benefits in providing enhanced protection to seeds and seedlings during crucial early growth stages. The segment's expansion is supported by technological advancements in seed treatment insecticides, enabling effective control of both above-ground and below-ground pests. Farmers are increasingly adopting this application method due to its cost-effectiveness and efficiency in preventing early-season insect damage, leading to better crop emergence and improved overall plant health. The rising awareness about the benefits of seed treatment and the need for effective pest control at early stages continues to drive the segment's growth.

Remaining Segments in Application Mode

The Vietnam insecticide market features several other important application modes, including chemigation, fumigation, and soil treatment. Chemigation offers benefits in terms of water efficiency and precise insecticide application through irrigation systems. Fumigation plays a crucial role in greenhouse applications and storage facilities, providing comprehensive pest control solutions. Soil treatment serves as an essential method for controlling soil-dwelling pests and creating protective barriers around plant roots. Each of these application modes serves specific purposes in pest management strategies, contributing to the overall effectiveness of insecticide applications in Vietnamese agriculture.

Segment Analysis: Crop Type

Grains & Cereals Segment in Vietnam Insecticide Market

The grains and cereals segment dominates the Vietnamese insecticide market, accounting for approximately 65% of the total market value in 2024. This significant market share is primarily attributed to Vietnam's position as a major producer of rice and other cereal crops, which require extensive pest control solutions. The segment's dominance is driven by the large cultivation area dedicated to these crops and the persistent challenges posed by pest infestations, particularly in rice cultivation. Chemical insecticides remain the primary method of pest control in grain and cereal production, with farmers actively utilizing these products to combat pests such as rice stem borers, armyworms, and aphids. The effectiveness of insecticides in protecting these staple crops, combined with the imperative need to maintain food security and increase agricultural productivity, continues to drive the strong market position of this segment.

Fruits & Vegetables Segment in Vietnam Insecticide Market

The fruits and vegetables segment is projected to exhibit the strongest growth in the Vietnamese insecticide market during the forecast period 2024-2029, with an expected growth rate of approximately 4%. This robust growth trajectory is driven by several key factors, including the increasing international demand for Vietnamese fruits and vegetables, particularly from major markets like China, the United States, and European countries. The segment's growth is further supported by the rising need to protect high-value crops from pest infestations, especially as the country continues to expand its horticultural production. Farmers are increasingly focusing on quality pest control solutions for crops such as dragon fruit, durian, banana, spinach, cabbage, and various other fruits and vegetables to meet international quality standards and minimize crop losses.

Remaining Segments in Crop Type Segmentation

The remaining segments in the Vietnamese insecticide market include commercial crops, pulses and oilseeds, and turf and ornamental applications. The commercial crops segment, encompassing important crops like sugarcane, coffee, tea, rubber, and cotton, plays a vital role in the country's agricultural exports and requires specialized insecticide solutions. The pulses and oilseeds segment focuses on crops such as groundnut, soybean, and rapeseed, with farmers increasingly adopting integrated pest control practices. The turf and ornamental segment, while smaller in market share, serves specific applications in golf courses, lawns, landscapes, and decorative plant protection, contributing to the overall diversity of the insecticide market.

Free With This Report

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