Vietnam complex fertilizer market is very competitive with more than ~ major NPK producers and over ~ small scale companies. The country’ s domestic production has been sufficient to meet the consumption demand in the last few years. However, most NPK manufacturers operated at about ~% of their installed capacity and production is not advanced in terms of technology as majority of companies were involved in producing lower quality blended complex fertilizers. Vietnam’ s complex fertilizer market is fairly concentrated with top 5 players together comprising for ~% of the market share. Binh Dien Fertilizer emerged as the market leader, in terms of revenue, by accounting for ~% market share in 2017. Lam Thao Fertilizers and Chemicals was the second largest player in this space and comprised for ~% market share. The Southern Fertilizer Company, Japan Vietnam Fertilizer Company and Baconco Group comprised for ~%, ~% and ~% market share, respectively. Other prominent players included Can Tho Fertilizer and Chemical, Van Dien FMP Fertilizer, Ninh Binh Phosphate Fertilizer, Five Star International Group, General Materials Biochemistry Fertilizer and several more.
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.
Key Topics Covered in the Report:- Asia Complex Fertilizer Market Size by Revenue
- Value Chain Analysis of Vietnam Complex Fertilizer Market- Vietnam Complex Fertilizer Market Size
- Vietnam Complex Fertilizer Market Segmentation By Form, By Type, By Grade, by Crops, By Regions
- Trade Scenario- Market Share Analysis of Major Players- Company Profiles of Major Players- Future Outlook and Projection for Vietnam Complex Fertilizer Market
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