Fertilizer Market New Innovations and Future Expansion 2023-2030
Pune, India - (NewMediaWire) - March 3, 2023 - "Fertilizer" Size, Scope, and Forecast 2023-2030 report has been added to the Market Research Archive of Absolute Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Global Fertilizer with respect to various aspects such as growth factors, challenges, restraints, developments, trends, and opportunities for growth. This report will surely be a handy tool for market players to come up with effective strategies with the aim of strengthening their positions in the market.
What is the Fertilizer growth?
Agriculture plays an important role in Vietnam's economy, with the agricultural population accounting for over 50% of the total population, and arable and forest land accounting for 60% of the country's total land area.
According to Researchers, Vietnam features a low concentration in the fertilizer market, with local companies accounting for about 70% of the market share. Based on the overall revenue of Vietnam's fertilizer market in 2020, the top five companies accounted for about 28% of the market. Major fertilizer producers in the Vietnam market are adopting various strategies such as expansion and partnerships to increase their market share.
According to Researchers, in recent years, Vietnam's fertilizer exports have exceeded 1 million tons per year, while fertilizer imports have also exceeded 1 million tons.
The main varieties of fertilizers exported from Vietnam are ammonium sulfate, phosphate diamine, NPK, etc. The Philippines, Malaysia, Thailand, Laos, South Korea, etc. are the main export markets of Vietnam's fertilizers.
At the same time, every year Vietnam imports more than 1 million tons of fertilizers, among which, ammonium sulfate is the most imported. Currently, China is the largest supplier of fertilizers to Vietnam, accounting for nearly 50% of the country's imports.
According to Researchers, despite the impact of COVID-19 on Vietnam's economy, Vietnam's fertilizer industry still showed growth in 2020.
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Despite supply chain and logistics disruptions, Vietnam’s fertilizer exports and imports are still on the rise. In particular, fertilizer imports reached 3.64 million tons, up 7.2% YOY. Vietnam's fertilizer exports also rose 38% in 2020 compared to 2019.
Although the demand for fertilizers in Vietnam in 2020 was adversely affected by extreme weather conditions, in general, the business situation was good, with the leading companies showing significant growth in business performance. The most popular distribution channels in the country include distributor system, regional company system and authoritative purchasing.
Fertilizer’s price in Vietnam’s market showed a fluctuating trend in 2020, increasing in the second half of the year.
From January to October 2021, Vietnam's fertilizer exports volume were about 1.065 million tons with an export value of about 380 million USD.
According to Researchers, the positive outlook for agriculture is the factor driving the growth of fertilizer consumption in the country in 2022. The good weather and high prices of agricultural products in Vietnam in 2022 will provide good conditions for farmers to increase planting for higher productivity, which will increase the demand for fertilizer.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 60 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Fertilizer?
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Fertilizer Industry.
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Fertilizer Industry.
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This report provides a pin-point analysis of changing dynamics and emerging trends in the Global Fertilizer. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Global Fertilizer in the coming years. Further, the authors of the report have shed light on the factors that may hinder the growth of the Global Fertilizer.
Fertilizer - Competitive and Segmentation Analysis:
2. How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Top Key Players of the Global Fertilizer
1 Binh Dien Fertilizer JSC (BFC)
2 Southern Fertilizer JSC
3 PetroVietnam Fertilizer and Chemical Corp.
4 Ninh Binh Phosphate Fertilizer JSC
5 Habac Nitrogenous Fertilizer & Chemicals Company Limited
6 Lam Thao Fertilizers and Chemicals JSC
7 Que Lam Group
8 Agricultural Products and Materials JSC (APROMACO)
9 Song Gianh Corporation
10 Thien Sinh JSC
11 DAP Dinh Vu Fertilizers
12 DUC Giang Chemicals
Short Description About Fertilizer:
The Global Fertilizer is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
This report studies the Fertilizer, covering market size for segment by type, by application, by sales channel (Direct Channel, Distribution Channel), and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Fertilizer from 2015-2020, and provides extensive market forecasts from 2023-2030 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Fertilizer.
Moreover, the impact of COVID-19 is also concerned. Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase. Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.
This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.
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3. What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2023-2030) of the following regions are covered in Chapter 4 and Chapter 7:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Please find a more complete list of data sources in Chapters
1.To study and analyze the global Fertilizer consumption (value) by key regions/countries, product type and application
2.To understand the structure of Fertilizer by identifying its various sub segments.
3.Focuses on the key global Fertilizer manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Fertilizer with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Fertilizer submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
Customization of the Report
4. Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Fertilizer Market Insights and Forecast to 2030
1 Overview of Vietnam
1.1 Geographical Situation
1.2 Demographic Structure of Vietnam
1.3 Vietnam's Economy
1.4 Minimum Wage in Vietnam, 2011-2021
1.5 Impact of COVID-19 on Vietnam's Fertilizer Industry
2 Development Environment of Vietnam's Fertilizer Industry
2.1 Development History of Fertilizer in Vietnam
2.2 Types of Fertilizers in Vietnam
2.3 Policy Environment of Vietnam’s Fertilizer Industry
3 Supply and Demand situation of Vietnam's Fertilizer Industry
3.1 Supply Situation
3.2 Demand Situation
4 Import and Export of Fertilizer Industry in Vietnam
4.1 Import Status
4.1.1 Import Volume and Import Value
4.1.2 Main Import Sources of Fertilizer in Vietnam
4.2 Export Status
4.2.1 Export Volume and Export Value
4.2.2 Main Export Destinations of Fertilizer in Vietnam
5 Market Competition in Vietnam’s Fertilizer Industry
5.1 Barriers to Entry in Vietnam's Fertilizer Industry
5.1.1 Brand barrier
5.1.2 Quality Barrier
5.1.3 Capital Barrier
5.2 Competitive Structure of Vietnam's Fertilizer Industry
5.2.1 Bargaining power of Fertilizer Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Competition in Vietnam's Fertilizer Industry
5.2.4 Potential Entrants in the Fertilizer Industry
5.2.5 Substitutes for Fertilizer
6 Analysis of Major Fertilizer Brand Companies in Vietnam
6.1 Binh Dien Fertilizer JSC (BFC)
6.1.1 Development History of Binh Dien Fertilizer JSC (BFC)
6.1.2 Main Products of Binh Dien Fertilizer JSC (BFC)
6.1.3 Operation Model of Binh Dien Fertilizer JSC (BFC)
6.2 Southern Fertilizer JSC
6.2.1 Development History of Southern Fertilizer JSC
6.2.2 Main Products of Southern Fertilizer JSC
6.2.3 Operating Model of Southern Fertilizer JSC
6.3 PetroVietnam Fertilizer and Chemical Corp.
6.3.1 Development History of PetroVietnam Fertilizer and Chemical Corp.
6.3.2 Main Products of PetroVietnam Fertilizer and Chemical Corp.
6.3.3 Operating Model of PetroVietnam Fertilizer and Chemical Corp.
6.4 Ninh Binh Phosphate Fertilizer JSC
6.4.1 Development History of Ninh Binh Phosphate Fertilizer JSC
6.4.2 Main Products of Ninh Binh Phosphate Fertilizer JSC
6.4.3 Operating Model of Ninh Binh Phosphate Fertilizer JSC
6.5 Habac Nitrogenous Fertilizer & Chemicals Company Limited
6.5.1 Development History of Habac Nitrogenous Fertilizer & Chemicals Company Limited
6.5.2 Main Products of Habac Nitrogenous Fertilizer & Chemicals Company Limited
6.5.3 Operating Model of Habac Nitrogenous Fertilizer & Chemicals Company Limited
6.6 Lam Thao Fertilizers and Chemicals JSC
6.7 Que Lam Group
6.8 Agricultural Products and Materials JSC (APROMACO)
6.9 Song Gianh Corporation
6.10 Thien Sinh JSC
6.11 DAP Dinh Vu Fertilizers
6.12 DUC Giang Chemicals
7 Outlook on Vietnam’s Fertilizer Industry, 2022-2030
7.1 Analysis of Development Factors of Vietnam’s Fertilizer Industry
7.1.1 Drivers and Development Opportunities for Vietnam’s Fertilizer Industry
7.1.2 Threats and Challenges to Vietnam’s Fertilizer Industry
7.2 Forecast on Vietnam’s Fertilizer Industry Supply
7.3 Forecast on Vietnam’s Fertilizer Market Demand
7.4 Forecast on Vietnam’s Fertilizer Import and Export
Chart Total Population of Vietnam, 2006-2020
Chart Vietnam’s GDP Per Capita, 2011-2020
Chart Related Policies of the Fertilizer Industry Issued by the Vietnamese Government, 2018-2021
Chart Fertilizer Production in Vietnam, 2016-2021
Chart Vietnam NPK Fertilizer Production, 2016-2021
Chart Domestic Consumption of Fertilizer in Vietnam, 2005-2021
Chart Import Volume of Fertilizer in Vietnam, 2005-2021
Chart Import Value of Fertilizer in Vietnam, 2018-2021
Chart Import Sources and Import Value of Fertilizer in Vietnam, 2018-2021
Chart Vietnam’s Fertilizer Exports, 2010-2021
Chart Vietnam’s Fertilizer Export Value, 2010-2021
Chart Main Export Destinations of Fertilizer in Vietnam, 2018-2021
Chart Forecast on Fertilizer Production in Vietnam, 2022-2030
Chart Forecast on Vietnam’s Domestic Fertilizer Market Size, 2022-2030
Chart Forecast on Vietnam’s Fertilizer Import, 2022-2030
Chart Forecast on Vietnam’s Fertilizer Export, 2022-2030
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