Vietnam Complex Fertilizer Demand

1
Vietnam Complex Fertilizer Production
2
Vietnam Complex (NPK) Fertilizer Market 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.
3
In 2015, Ministry of Agriculture issued Action
Plan for Achieving Zero Growth of Fertilizer Use
by 2020. The Chinese government intends to
achieve zero growth in volume of use of
fertilizers and maximize the utilization of the
same. By 2020, it hopes to reduce fertilize usage
on its fruits, vegetables and tea crops by 50.
Vietnam plans to replace chemical fertilizers
with organic nutrients that are usually sourced
from the decomposition of organic materials like
animal manure, compost, and crop residue. The
government is encouraging use of organic
fertilizers by providing subsidies and tax
incentives. However, the success of organic
fertilizers replacing chemical fertilizers on a
large scale has not been seen yet. Amidst efforts
to achieve zero growth in overall fertilizer
usage, nitrogen fertilizers in Vietnam are
increasingly being replaced by complex
fertilizers. However, despite the growing
adoption by farmers, much of the domestic NPK
production is of low quality.  
4
Growing emphasis on improving fertilizer quality,
curbing soil pollution, better land management
practices and urgent need to improve agricultural
productivity is expected to augment the demand
for complex fertilizers in Vietnam, according to
Analyst at Ken Research.   Ken Research in its
latest study, Vietnam Complex (NPK) Fertilizer
Market Outlook to 2022 NPK 16-16-8 will
Continue to be Widely Used Complex Fertilizer
suggested that NPK 16-16-8 was the most widely
used complex fertilizer in Vietnam, recording
fastest growth during the last 5 years. Going
forward, utilization of NPK 16-16-8 and NPK
20-5-5 are most likely to remain strong owing to
balanced nutrient composition and comparatively
cheaper prices. Average selling prices of NPKs
are most likely to improve 2018 onwards owing to
recovery in agricultural commodities prices.
Complex fertilizers market is anticipated to grow
at a CAGR of 3.4 in next 5 years  
5
For more information on the research report,
refer to below link https//www.kenresearch.com/a
griculture-and-animal-care/crop-protection/vietnam
-npk-sales-research-report/143971-104.html   Relat
ed Reports by Ken Research Asia Complex (NPK)
Fertilizer Market Outlook to 2022 - by Grade (NPK
16-16-8, NPK 20-20-15, NPK 15-15-15, NPK 20-20-0
and Others), by Region (China, India, Vietnam,
Indonesia, Thailand and Others)   China Complex
(NPK) Fertilizer Market Outlook to 2022 -
Expected Replacement from Straight Chemical
Fertilizers To Complex Fertilizers   India
Complex (NPK) Fertilizer Market Outlook to 2022 -
Expected Manufacturing Capacity Expansion by
Domestic Manufacturers in Next 5 Years Contact
UsKen ResearchAnkur Gupta, Head Marketing
CommunicationsAnkur_at_kenresearch.com91-901537824
9
6
(No Transcript)