Vietnam Complex Fertilizer Market Size

Posted by kenresearch on March 15th, 2018

The research report titled “Vietnam Complex (NPK) Fertilizer Market Outlook to 2022 – NPK 16-16-8 will Continue to be Widely Used Complex Fertilizer”provides a comprehensive analysis of the complex fertilizer market in Vietnam and covers complex fertilizer market size, consumption of complex fertilizers by Region (Northern, Southern and Central), by product form (Granulated/Fused or Blended), by type (two or three nutrients), by crops (cereals, oilseeds, fruits & vegetables and others), by grade (NPK 16-16-8, NPK 20-5-5, NPK 7-7-14, NPK 12-5-10, NPK 15-15-15 and Others), company profile of major players including Binh Dien Fertilizer, Lam Thao Fertilizers and Chemicals, The Southern Fertilizer Company, Japan Vietnam Fertilizer Company, Baconco Group, Can Tho Fertilizer and Chemical, Van Dien FMP Fertilizer, Ninh Binh Phosphate Fertilizer, Five Star International Group, General Materials Biochemistry Fertilizer. The publication also includes trade scenario, trends and developments and Future analysis with estimated production and consumption projections has also been discussed along with analyst recommendations.

Vietnam Complex Fertilizer Market Future Outlook and Projections

Despite a balanced demand and supply equilibrium, domestic manufacturers keep investing in NPK projects. Several new and existing players are expected to setup new manufacturing plants or enhance the production capacity of existing sites. For instance, Taekwnag Co. announced its plan to build a NPK plant with production capacity of 360,000 MT per year by the end of 2018. Consumption of complex fertilizers in Vietnam is expected to grow at a CAGR of ~% during the period 2017-2022. Ken Research estimates the consumption of complex fertilizer to grow in the next five years, rising from ~ million MT in 2018 to 4.7 million MT by 2022. Complex fertilizers market is anticipated to be worth USD ~ million by 2022 rising from USD ~ million in 2018. This represents growth at a CAGR of ~% during the period 2017-2022.