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  4. > VIETNAM Pesticides Market. By Category, Synthetic Pesticides Types, and Crop Type. TRENDS AND FORECAST TO 2020

The Vietnamese pesticides market is estimated to be valued at USD 979.5 Million in 2015 and is projected to reach USD 1,212.5 Million by 2020 at a CAGR of 4.4% from 2015 to 2020. The Vietnamese pesticides market is segmented on the basis of type and crop type. With the increasing demand for enhanced quality agricultural output and the rising need for organic and environment-friendly pesticides, the use of bio-pesticides is expected to enhance the market growth. The key players identified in the Vietnamese pesticides market include BASF SE (Germany), Arysta LifeScience Corporation (Japan), Bayer CropScience AG (Germany), Vietnam Fumigation Joint Stock Company, and HAI Agrochem Joint Stock Company. Along with these companies, the other players having a strong presence this market include Tan Thanh Biochem company (Vietnam), Golden Rice Agrochemical company limited (Vietnam), ADC Group (Vietnam), Sai Gon Plant Protection Joint Stock Company (Vietnam), MAP Pacific (Vietnam) Company Limited, Hop Tri Agrochemicals Co., Ltd (Vietnam), and Phu Nong Co., Ltd (Vietnam).

Table Of Contents

VIETNAM Pesticides Market. By Category, Synthetic Pesticides Types, and Crop Type. TRENDS AND FORECAST TO 2020
TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key Data From Secondary Sources 18
2.1.2 PRIMARY DATA 18
2.1.2.1 Key Data From Primary Sources 19
2.1.2.2 Key Industry Insights 20
2.1.2.3 Breakdown Of Primary Interviews 20
2.2 FACTOR ANALYSIS 21
2.2.1 INTRODUCTION 21
2.2.2 DEMAND-SIDE ANALYSIS 21
2.2.2.1 Agriculture: Main Source Of Income 21
2.2.2.1.1 Contribution of agriculture in Vietnam GDP 22
2.2.2.1.2 Rice - major crop under cultivation in Vietnam 23
2.2.2.2 Increasing Foreign Trade Of Agricultural Products 25
2.2.3 SUPPLY SIDE ANALYSIS 26
2.2.3.1 Growth Of Agrochemicals Market 26
2.2.3.2 Technological Advancements In The Pesticides Market 27
2.3 MARKET SIZE ESTIMATION 28
2.3.1 BOTTOM-UP APPROACH 29
2.3.2 TOP-DOWN APPROACH 30
2.4 MARKET BREAKDOWN and DATA TRIANGULATION 31
2.5 RESEARCH ASSUMPTIONS and LIMITATIONS 32
2.5.1 ASSUMPTIONS 32
2.5.2 LIMITATIONS 32
3 EXECUTIVE SUMMARY 33

4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES IN VIETNAM'S PESTICIDES MARKET 40
4.2 VIETNAMESE PESTICIDES MARKET SIZE, BY TYPE, 2014-2020 (USD MILLION) 41
4.3 VIETNAM: SYNTHETIC PESTICIDES MARKET, BY TYPE, 2015 VS. 2020 (USD MILLION) 42
4.4 VIETNAM: BIO-PESTICIDES MARKET, BY TYPE, 2015 VS. 2020 (USD MILLION) 43
4.5 VIETNAM: SYNTHETIC PESTICIDES MARKET, BY CROP TYPE,
2015 VS. 2020 (USD MILLION) 44
4.6 VIETNAM: BIO-PESTICIDES MARKET, 2015 VS. 2020 (USD MILLION) 45
4.7 SEED TREATMENT IS PROJECTED TO BE THE FASTEST-GROWING MODE OF APPLICATION IN VIETNAM'S BIO-PESTICIDES MARKET (2015-2020) 46
4.8 VIETNAM: BIO-PESTICIDES MARKET, BY FORMULATION, 2015 VS. 2020 (USD MILLION) 47
4.9 VIETNAM: BIO-PESTICIDES MARKET, BY ORIGIN, 2015 VS. 2020 (USD MILLION) 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 50
5.2 EVOLUTION 51
5.3 MARKET SEGMENTATION 52
5.4 MARKET DYNAMICS 52
5.4.1 DRIVERS 53
5.4.1.1 Rising Trade Of Rice 53
5.4.1.2 Adoption Of New Farming Practices 55
5.4.1.3 Measures To Control Infestations Though Government Initiatives 56
5.4.2 RESTRAINTS 57
5.4.2.1 Pesticide Residue Issues And Toxicity 57
5.4.2.2 Weak Functioning Of State Authorities Responsible For Pesticide Management 58
5.4.3 OPPORTUNITIES 60
5.4.3.1 FDI And Foreign Ownership In Vietnam 60
5.4.3.2 RandD Activities 61
5.4.4 CHALLENGES 62
5.4.4.1 Lack Of New Skills And Understanding Of Pests Among Farmers 62
6 INDUSTRY TRENDS 64
6.1 INTRODUCTION 64
6.2 VALUE CHAIN ANALYSIS 64
6.3 SUPPLY CHAIN ANALYSIS 65
6.3.1 PROMINENT COMPANIES 66
6.3.2 SMALL and MEDIUM ENTERPRISES 66
6.3.3 END USERS/CONSUMERS 67
6.4 PESTICIDE REGULATIONS IN VIETNAM 67
6.5 PORTER'S FIVE FORCES ANALYSIS 69
6.5.1 INTENSITY OF COMPETITIVE RIVALRY 69
6.5.2 BARGAINING POWER OF SUPPLIERS 70
6.5.3 BARGAINING POWER OF BUYERS 70
6.5.4 THREAT OF NEW ENTRANTS 71
6.5.5 THREAT OF SUBSTITUTES 71
7 VIETNAM PESTICIDES MARKET, BY TYPE 73
7.1 INTRODUCTION 74
7.2 SYNTHETIC PESTICIDES 76
7.2.1 HERBICIDES 78
7.2.2 INSECTICIDES 78
7.2.3 FUNGICIDES 79
7.2.4 OTHERS 79
7.3 BIO-PESTICIDES 79
7.3.1 BIO-HERBICIDES 81
7.3.2 BIO-FUNGICIDES 82
7.3.3 BIO-INSECTICIDES 82
7.3.4 BIO-NEMATICIDES 82
7.3.5 OTHERS 83
8 VIETNAM PESTICIDES MARKET, BY CROP TYPE 84
8.1 INTRODUCTION 85
8.2 CEREALS and GRAINS 89
8.3 OILSEEDS and PULSES 90
8.4 FRUITS and VEGETABLES 91
8.5 OTHERS 92
9 VIETNAM BIO-PESTICIDES MARKET, BY ORIGIN 94
9.1 INTRODUCTION 95
9.2 MICROBIAL PESTICIDES 97
9.3 BIOCHEMICAL PESTICIDES 97
9.4 BENEFICIAL INSECTS 98
10 VIETNAM BIO-PESTICIDES MARKET, BY FORMULATION 99
10.1 INTRODUCTION 100
10.2 LIQUID FORMULATIONS 102
10.3 SOLID FORMULATIONS 102

11 VIETNAM BIO-PESTICIDES MARKET, BY MODE OF APPLICATION 104
11.1 INTRODUCTION 105
11.2 SEED TREATMENT 107
11.3 SOIL TREATMENT 107
11.4 FOLIAR SPRAY 108
11.5 POST-HARVEST 108
12 COMPETITIVE LANDSCAPE 109
12.1 OVERVIEW 109
12.2 VIETNAM PESTICIDES MARKET: MARKET SHARE ANALYSIS 110
12.3 COMPETITIVE SITUATION and TRENDS 110
12.4 EXPANSIONS and INVESTMENTS 112
12.5 ACQUISITIONS 113
12.6 NEW PRODUCT LAUNCHES, REGISTRATIONS, and APPROVALS 114
12.7 PARTNERSHIPS and AGREEMENTS 115
13 COMPANY PROFILES 116
13.1 INTRODUCTION 116
13.2 ARYSTA LIFESCIENCE CORPORATION (JAPAN) 117
13.2.1 BUSINESS OVERVIEW 117
13.2.2 PRODUCTS OFFERED 118
13.2.3 RECENT DEVELOPMENTS 119
13.2.4 SWOT ANALYSIS 120
13.2.5 MMM VIEW 120
13.3 BASF SE 121
13.3.1 BUSINESS OVERVIEW 121
13.3.2 PRODUCTS OFFERED 122
13.3.3 RECENT DEVELOPMENTS 125
13.3.4 SWOT ANALYSIS 127
13.3.5 MMM VIEW 127
13.4 BAYER CROPSCIENCE AG 129
13.4.1 BUSINESS OVERVIEW 129
13.4.2 PRODUCTS OFFERED 130
13.4.3 RECENT DEVELOPMENTS 130
13.4.4 SWOT ANALYSIS 131
13.4.5 MMM VIEW 132
13.5 TÂN THÀNH BIOCHEM COMPANY 133
13.5.1 BUSINESS OVERVIEW 133
13.5.2 PRODUCTS OFFERED 133
13.5.3 MMM VIEW 135
13.6 VIETNAM FUMIGATION JOINT STOCK COMPANY 136
13.6.1 BUSINESS OVERVIEW 136
13.6.2 PRODUCTS OFFERED 136
13.6.3 RECENT DEVELOPMENTS 137
13.6.4 MMM VIEW 137
13.7 GOLDEN RICE AGROCHEMICAL COMPANY LIMITED 138
13.7.1 BUSINESS OVERVIEW 138
13.7.2 PRODUCTS OFFERED 139
13.7.3 MMM VIEW 140
13.8 ADC GROUP 141
13.8.1 BUSINESS OVERVIEW 141
13.8.2 PRODUCTS OFFERED 141
13.8.3 MMM VIEW 142
13.9 SAI GON PLANT PROTECTION JOINT STOCK COMPANY 143
13.9.1 BUSINESS OVERVIEW 143
13.9.2 PRODUCTS OFFERED 143
13.9.3 MMM VIEW 144
13.10 HAI AGROCHEM JOINT STOCK COMPANY 145
13.10.1 BUSINESS OVERVIEW 145
13.10.2 PRODUCTS OFFERED 145
13.10.3 RECENT DEVELOPMENTS 147
13.10.4 MMM VIEW 147
13.11 MAP PACIFIC (VIETNAM) COMPANY LIMITED 148
13.11.1 BUSINESS OVERVIEW 148
13.11.2 PRODUCTS OFFERED 148
13.11.3 MMM VIEW 149
13.12 HOP TRI AGROCHEMICALS CO.,LTD 150
13.12.1 BUSINESS OVERVIEW 150
13.12.2 PRODUCTS OFFERED 150
13.12.3 MMM VIEW 151
13.13 PHU NONG CO., LTD 153
13.13.1 BUSINESS OVERVIEW 153
13.13.2 PRODUCTS OFFERED 153
13.13.3 MMM VIEW 154
14 APPENDIX 155
14.1 INSIGHTS OF INDUSTRY EXPERTS 155
14.2 DISCUSSION GUIDE 156
14.3 COMPANY DEVELOPMENTS 161
14.3.1 NEW PRODUCT LAUNCHES, REGISTRATIONS, and APPROVALS 161
14.3.2 PARTNERSHIPS AND AGREEMENTS 164
14.3.3 ACQUISITIONS 165
14.3.4 EXPANSIONS AND INVESTMENTS 165
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 167
14.5 AVAILABLE CUSTOMIZATIONS 168
14.6 RELATED REPORTS 169


LIST OF TABLES

UU
TABLE 1 GENERAL CHARACTERISTICS OF AGRICULTURE IN VIETNAM, 2012 22
TABLE 2 RICE EXPORT QUANTITY AND EXPORT VALUE IN VIETNAM (2005-2014) 24
TABLE 3 MAJOR PESTICIDE FAMILIES 50
TABLE 4 AGRICULTURE AND RICE-STATISTICS IN 2011 54
TABLE 5 RICE EXPORT QUANTITY AND EXPORT VALUE IN VIETNAM (2005-2014) 54
TABLE 6 IMPACT OF KEY DRIVERS ON THE PESTICIDES MARKET 56
TABLE 7 FOOD POISONING IN VIETNAM, 2012-2007 57
TABLE 8 SUMMARY OF SUGGESTED NEEDS FOR IMPROVING PESTICIDE REGULATIONS IN VIETNAM BY WHO 59
TABLE 9 IMPACT OF KEY RESTRAINTS ON THE PESTICIDES MARKET 60
TABLE 10 RESEARCH FUNDING BY SUBSECTOR, 2012 61
TABLE 11 OPPORTUNITIES FOR PESTICIDES MARKET 62
TABLE 12 CHALLENGES TO THE PESTICIDES MARKET 63
TABLE 13 VIETNAM: PESTICIDES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 75
TABLE 14 VIETNAM: PESTICIDES MARKET SIZE, BY TYPE, 2013-2020 (TONS) 76
TABLE 15 VIETNAM: SYNTHETIC PESTICIDES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 77
TABLE 16 VIETNAM: SYNTHETIC PESTICIDES MARKET SIZE, BY TYPE, 2013-2020 (TONS) 77
TABLE 17 VIETNAM: BIO-PESTICIDES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 80
TABLE 18 VIETNAM: BIO-PESTICIDES MARKET SIZE, BY TYPE, 2013-2020 (TONS) 81
TABLE 19 VIETNAM: SYNTHETIC PESTICIDES MARKET SIZE, BY CROP TYPE,
2013-2020 (USD MILLION) 86
TABLE 20 VIETNAM: SYNTHETIC PESTICIDES MARKET SIZE, BY CROP TYPE, 2013-2020 (TONS) 87
TABLE 21 VIETNAM: BIO-PESTICIDES MARKET SIZE, BY CROP TYPE, 2013-2020 (USD MILLION) 88
TABLE 22 VIETNAM: BIO-PESTICIDES MARKET SIZE, BY CROP TYPE, 2013-2020 (TONS) 88
TABLE 23 VIETNAM: BIO-PESTICIDES MARKET SIZE, BY ORIGIN, 2013-2020 (USD MILLION) 96
TABLE 24 VIETNAM: BIO-PESTICIDES MARKET SIZE, BY FORMULATION,
2013-2020 (USD MILLION) 101
TABLE 25 VIETNAMESE BIO-PESTICIDES MARKET SIZE, BY MODE OF APPLICATION,
2013-2020 (USD MILLION) 106
TABLE 26 EXPANSIONS and INVESTMENTS, 2011-2015 112
TABLE 27 ACQUISITIONS, 2011-2015 113
TABLE 28 NEW PRODUCT LAUNCHES, REGISTRATIONS and APPROVALS, 2011-2015 114
TABLE 29 PARTNERSHIPS and AGREEMENTS, 2011-2015 115


LIST OF FIGURES


FIGURE 1 VIETNAM PESTICIDES MARKET SEGMENTATION 15
FIGURE 2 RESEARCH DESIGN 17
FIGURE 3 EXPECTED GDP FROM AGRICULTURE (2015 and 2020) 22
FIGURE 4 VIETNAM: AREA HARVESTED, RICE, 2010-2014 23
FIGURE 5 VIETNAM POPULATION VS FOOD CONSUMTION (1990-2010) 24
FIGURE 6 IMPORT and EXPORT OF AGRICULTURAL PRODUCTS, 2009-2013 25
FIGURE 7 IMPORT-EXPORT OF PESTICIDES IN VIETNAM, 2009-2012 27
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 29
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 30
FIGURE 10 DATA TRIANGULATION 31
FIGURE 11 VIETNAM PESTICIDES MARKET SNAPSHOT: BIO-PESTICIDES SEGMENT SET FOR PROMISING GROWTH 2015 VS. 2020 (USD MILLION) 34
FIGURE 12 VIETNAM SYNTHETIC PESTICIDES MARKET SIZE, BY TYPE, 2015 VS. 2020 (USD MILLION) 35
FIGURE 13 VIETNAM BIO-PESTICIDES MARKET SIZE, BY TYPE, 2015 VS. 2020 (USD MILLION) 35
FIGURE 14 VIETNAM SYNTHETIC PESTICIDES MARKET SIZE, BY CROP TYPE,
2015 VS. 2020 (USD MILLION) 36
FIGURE 15 VIETNAM BIO-PESTICIDES MARKET SIZE, BY CROP TYPE, 2015 VS. 2020 (USD MILLION) 37
FIGURE 16 VIETNAM BIO-PESTICIDES MARKET SIZE, BY FORMULATION,
2015 VS. 2020 (USD MILLION) 37
FIGURE 17 VIETNAM BIO-PESTICIDES MARKET SIZE, BY MODE OF APPLICATION,
2015 VS. 2020 (USD MILLION) 38
FIGURE 18 VIETNAM BIO-PESTICIDES MARKET SIZE, BY ORIGIN, 2015 VS. 2020 (USD MILLION) 39
FIGURE 19 TRENDS IN VIETNAM'S PESTICIDES MARKET, 2015-2020 (USD MILLION) 40
FIGURE 20 BIO-PESTICIDES SEGMENT IS PROJECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2014-2020) 41
FIGURE 21 INSECTICIDES SEGMENT IS PROJECTED TO DOMINATE THE VIETNAMESE SYNTHETIC PESTICIDES MARKET (2015-2020) 42
FIGURE 22 BIO-HERBICIDES SEGMENT IS PROJECTED TO DOMINATE THE VIETNAMESE
BIO-PESTICIDES MARKET (2015-2020) 43
FIGURE 23 CEREALS and GRAINS SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE IN THE VIETNAMESE SYNTHETIC PESTICIDES MARKET (2015-2020) 44
FIGURE 24 CEREALS and GRAINS SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE IN THE VIETNAMESE BIO-PESTICIDES MARKET (2015-2020) 45
FIGURE 25 FOLIAR SPRAY SEGMENT IS PROJECTED TO DOMINATE THE VIETNAMESE
BIO-PESTICIDES MARKET (2015-2020) 46
FIGURE 26 LIQUID FORMULATIONS SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE IN THE VIETNAMESE BIO-PESTICIDES MARKET (2015-2020) 47
FIGURE 27 BIOCHEMICAL PESTICIDES SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE IN VIETNAM'S BIO-PESTICIDES MARKET (2015-2020) 48
FIGURE 28 DEVELOPMENT OF PESTICIDES MARKET 51
FIGURE 29 VIETNAM PESTICIDES MARKET SEGMENTATION 52
FIGURE 30 CHANGING FARMERS' PERCEPTION REGARDING CROP HEALTH AND QUALITY IS DRIVING THE PESTICIDES MARKET 53
FIGURE 31 TOTAL FOREIGN DIRECT INVESTMENT IN VIETNAM (2013-2016) 60
FIGURE 32 RandD AND REGISTRATION PROCESSES CONTRIBUTE THE MOST TO OVERALL VALUE OF PESTICIDES 65
FIGURE 33 MANUFACTURING AND DISTRIBUTION: INTEGRAL PART OF SUPPLY CHAIN OF PESTICIDES MARKET 66
FIGURE 34 PORTER'S FIVE FORCES ANALYSIS: PESTICIDES MARKET 69
FIGURE 35 BIO-PESTICIDES IS PROJECTED TO BE THE FASTEST-GROWING SEGMENT IN VIETNAM'S PESTICIDES MARKET DURING THE FORECAST PERIOD (2015-2020) 75
FIGURE 36 CEREALS and GRAINS TO BE FASTEST-GROWING CROP TYPE IN VIETNAM'S SYNTHETIC PESTICIDES MARKET (2015-2020) 86
FIGURE 37 CEREALS and GRAINS TO BE FASTEST-GROWING CROP TYPE IN VIETNAM'S BIO-PESTICIDES MARKET (2015-2020) 87
FIGURE 38 VIETNAM CEREAL PRODUCTION, 1991-2013 (‘000 METRIC TONS) 89
FIGURE 39 VIETNAM SOYBEAN PRODUCTION, 2012-2016-E (‘000 METRIC TONS) 90
FIGURE 40 VIETNAM'S FRUITS and VEGETABLES EXPORT REVENUE, 2005-2012 (USD MILLION) 91
FIGURE 41 VIETNAM FRUIT CROPS PRODUCTION, 2008-2013 (USD BILLION) 92
FIGURE 42 VIETNAM'S SUGARCANE PRODUCTION (‘000 METRIC TONS) and RUBBER PRODUCTION (TONS, 1990-2013) 93
FIGURE 43 BIOCHEMICAL PESTICIDES TO BE FASTEST-GROWING SEGMENT IN THE VIETNAMESE BIO-PESTICIDES MARKET (2015-2020) 96
FIGURE 44 LIQUID FORMULATION TO BE FASTEST-GROWING SEGMENT IN THE VIETNAMESE
BIO-PESTICIDES MARKET (2015-2020) 101
FIGURE 45 SEED TREATMENT IS PROJECTED TO BE THE FASTEST-GROWING SEGMENT IN THE VIETNAMESE BIO-PESTICIDES MARKET DURING THE FORECAST PERIOD (2015-2020) 106
FIGURE 46 NEW PRODUCT LAUNCHES: KEY STARTEGY ADOPTED BY THE KEY PLAYERS
(2011-2015) 109
FIGURE 47 VIETNAM PESTICIDES MARKET SHARE (REVENUE), BY KEY PLAYER, 2014 110
FIGURE 48 TREND OF STRATEGIES ADOPTED BY THE LEADING COMPANIES IN VIETNAMI,
2014-2015 111
FIGURE 49 NEW PRODUCT LAUNCH: THE KEY STRATEGY, 2011-2015 111
FIGURE 50 GEOGRAPHICAL REVENUE MIX OF TOP FIVE MARKET PLAYERS, 2014 116
FIGURE 51 PLATFORM SPECIALTY PRODUCTS COMPANY: COMPANY SNAPSHOT 118
FIGURE 52 ARYSTA LIFESCIENCE CORPORATION: SWOT ANALYSIS 120
FIGURE 53 BASF SE: COMPANY SNAPSHOT 122
FIGURE 54 BASF SE: SWOT ANALYSIS 127

FIGURE 55 BAYER CROPSCIENCE AG: COMPANY SNAPSHOT 129
FIGURE 56 BAYER CROPSCIENCE AG: SWOT ANALYSIS 131

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