베트남의 유기 비료 시장 규모는 예측기간인 2024년부터 2031년까지 CAGR이 5.14%로 전망되며(2023년) 1억 달러로 평가되었고, 2031년에는 1억 6,000만 달러로 성장할 것으로 예측되고 있습니다. 베트남의 유기 비료 시장은 기술적으로 고급 배합 비료를 도입하는 신흥 기업의 진입이 급증하고 있습니다. 이것은 유기 비료의 성장을 가속하고 시장에서 화학 합성 비료의 사용량을 줄입니다.
2024년 5월, 베트남의 유기 비료 신흥 기업인 Husk Ventures SL은 저탄소 농업을 촉진하기 위해 Mekon Capital Fund IV로부터 500만 달러의 투자를 받았습니다. 이 투자를 통해 회사는 베트남에서 사업을 확대하고 농민들이 화학 합성 비료의 사용을 줄이고 탄소 기반 유기 비료의 사용을 늘릴 수 있습니다.
베트남에서 일반적으로 사용되는 유기 비료는 퇴비 및 가축 분뇨입니다. 또한, 리조븀, 아조박터, 박테리아와 같은 바이오 비료는 식물 전체의 건강을 촉진하기 위해 농부들 사이에서 점차 인기를 얻고 있습니다.
베트남 정부는 지속 가능한 농업으로 전환하려는 농부를 대상으로 한 보조금 및 교육 프로그램을 포함한 정책을 지원함으로써 바이오 비료와 같은 유기 비료의 사용을 촉진하고 있습니다. 이 프로그램은 농업 오염 감소 및 바이오 농업 확대라는 국가의 일반적인 방향과 일치하며 국내 유기 비료의 성장을 가속합니다. 유기 비료의 보급을 통해 베트남 정부는 기후 변화와 싸우고 있습니다. 유기 비료는 토양의 탄소 고정을 강화하고 화학 비료와 관련된 온실가스 배출을 줄이고 기후 변화에 미치는 영향에 대한 토양 회복력을 강화합니다.
이 보고서는 베트남의 유기 비료 시장에 대해 조사했으며, 시장 개요와 함께 제품 유형별, 형태별, 작물 유형별, 최종 사용자별, 유통 채널별, 지역별 동향 및 시장 진출기업 프로파일 등을 제공합니다.
Vietnam organic fertilizers market is projected to witness a CAGR of 5.14% during the forecast period 2024-2031, growing from USD 0.10 billion in 2023 to USD 0.16 billion in 2031. Vietnam organic fertilizers market is witnessing a surge in the entrance of the start-ups with the introduction of technologically advanced formulations of fertilizers. It is driving the growth of organic fertilizers and reducing the usage of synthetic fertilizers in the market.
In May 2024, Husk Ventures SL, an organic fertilizer start-up in Vietnam, received a USD 5 million investment from Mekong Capital Fund IV to promote low-carbon agriculture. This investment would help the company to expand its business in Vietnam, helping the farmers to reduce the usage of synthetic fertilizers and increase the use of organic carbon-based fertilizers.
Organic fertilizers which are commonly used in Vietnam are compost and animal manure. Moreover, biofertilizers such as Rhizobium, Azobacter, and mycorrhizal fungi are gaining popularity gradually among the farmers as they promote the overall plant health.
The Vietnamese government has been lifting the use of organic fertilizers, such as biofertilizers, by supporting a policy that includes subsidies and education programs directed towards farmers in switching to sustainable farming. These programs are in line with the country's general direction of reducing agricultural pollution and an increase in biopharming, fostering the growth of organic fertilizers in the country. Through the popularization of organic fertilizers, the Vietnamese government is combating climate change. Organic fertilizers enhance carbon sequestration in the soil, reduce greenhouse gas emissions related to chemical fertilizers, and strengthen the resilience of the soil to impact climate change.
Government to Support Market Growth of Organic Fertilizers
The Vietnamese government is offering subsidies and grants to all farmers who are transforming to organic farming, including organic fertilizers. The government gives incentives for the development and production of organic fertilizers by providing various incentives such as tax breaks, low-interest loans, and grants for research and development to businesses involved in the manufacturing of these products.
The Vietnamese government has initiated extensive education and training programs that raise farmer awareness regarding the use of organic fertilizers and the respective techniques used. The government collaborates with non-governmental organizations and international bodies to promote organic farming practices and the use of organic fertilizers.
The government is investing in research and development to enhance quality and efficiency in organic fertilizers. The government promotes the use of organic fertilizers produced at domestic level and products from agricultural wastes, re-invigorating local economies. This helps to recycle organic materials, hence environmental sustainability.
In November 2022, The Ministry of Agriculture and Rural Development (MARD) of Vietnam, set a target of raising the proportion of organic fertilizer products which are authorized for circulation to 25% in year 2025. They planned to raise the amount of the qualified production by 1.25 times, equivalent to 5 million tons per year.
Biofertilizers to Drive Market Growth
Biofertilizers enhance soil structures and fertility by improving the organic matter content and stimulating activity from beneficial microbial flora. Therefore, it becomes a preferred option in Vietnam, since maintaining soil fertility is a major challenge for maintaining long-term profitability in agriculture. Excessive applications of chemical fertilizers result in soil depletion, pollution of water, loss of biodiversity, etc., in farms of Vietnam. Biofertilizers contain living microorganisms that help plants to obtain nutrients and are regarded as a sustainable alternative to restore soil health, reduce environmental pollution, and maintain ecological balance.
Biofertilizers are cost-effective as compared to chemical fertilizers, especially for smallholder farmers who make up a large proportion of agriculture in Vietnam. Their preparation from agricultural waste and other organic material helps further to reduce the production cost in the country.
Biofertilizers would easily adapt to the diversified crops cultivated in Vietnam, ranging from rice to fruits and vegetables. Being quite effective in the different agro-climatic zones, the biofertilizers optimize the resources used by plants for their better resilience to pests and diseases.
In December 2023, Husk Ventures SL introduced Onix P9, biochar fertilizer which allows aeration stimulating the growth of beneficial microorganisms which help in the prevention of soil diseases, improves moisture management, and holds nutrients in the plants. Onix, being a compound biofertilizer contains macro and micro-nutrients, plant-growth regulators, and natural bio stimulants.
Organic Fertilizers for Urban Agriculture to Gain Momentum
Rise in urban agriculture is promoting the usage of organic fertilizers in Vietnam. With urbanization at an increasing rate, there is a corresponding increase in demand for locally grown healthy food, which has contributed to growth of urban agriculture, thus driving demand of organic fertilizers. In the small-scale setting of urban farms and rooftop gardens, organic fertilizers are ideal as they are sourced from natural materials, such as compost and animal manure, eliminating the purchase of commercialized synthetic fertilizers. Increasing fertility in the soil without different negative impacts associated with the addition of chemicals to the soil is adding to the organic fertilizers market size in Vietnam.
Organic fertilizers are preferred by urban farmers in Vietnam as they improve soil fertility, raise crop yields, and produce safer foods without chemicals. Besides, organic fertilizers contribute to waste reduction by recycling most organic wastes into important nutrients, hence aligning with the goals of sustainability for urban agriculture. Government initiatives to increase organic farming and awareness among people about organic products are other factors expected to boost the implementation of organic fertilizers, thereby creating an increasing trend for urban agriculture in Vietnamese cities.
On November 18, 2022, PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) commenced to launch Phu My fertilizer products specialized for urban agriculture in market. The introduction of latest products include organic fertilizer products for different crops. Users in urban spaces such as rooftops, gardens, households, and balconies can conveniently use this fertilizer.
Future Market Scenario (2024 - 2031F)
With ongoing government support and rising consumer demand for organic products, the use of organic fertilizers in Vietnam is expected to grow. This will contribute to the expansion of organic farming and the sustainability of Vietnam's agricultural sector.
The future of organic fertilizers in Vietnam may see increased integration with modern agricultural technologies, such as precision farming and soil health monitoring, to optimize the use of organic inputs and maximize agricultural productivity offering the customized organic fertilizers as per the requirements of the plant and soil.
Key Players Landscape and Outlook
The market growth is driven by continuous innovation, expansion of production capacities and product portfolio, and collaborative partnerships among the key players. The companies are trying to outperform to gain a competitive edge among the different key players in the market.
The key players are embarking on sustainable agricultural practices by the introduction of organic fertilizers in the market. This promotes the usage of organic fertilizers for the production of organic, sustainable foods that consumers prefer.
In February 2024, Yara Vietnam Company Limited collaborated with PepsiCo Foods Vietnam Company Limited to promote sustainable development in Vietnam. The event took place under Harvest Festival of the Sustainable Potato Production and Consumption Model 2024. The two companies will work together to research nutritional solutions, based on the Yara fertilizer product line, including the Yara Suna organic fertilizer to produce high potato yields and increase potato quality. It is in line with the development of sustainable agricultural practices to produce sustainable foods.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.