Forecast: Pesticides Sales in Vietnam

From 2013 to 2023, the sales of pesticides in Vietnam showed a general decline, moving from 1.76 to 1.43 kilograms per unit of agricultural land. The decreases were more pronounced in recent years, with a year-on-year decline of 2.72% in 2023. The average annual decrease over the last five years (CAGR) is approximately 1.98%, indicating a consistent downward trend.

Moving forward, from 2024 to 2028, the forecast suggests a continued decline in pesticide sales, with a 5-year CAGR of -2.26% and a total expected reduction of 10.79%. This suggests an accelerated decline in pesticide usage.

Future trends to watch for include:

• Potential regulatory changes and their impact on pesticide usage.
• Adoption of more sustainable and organic farming methods reducing reliance on chemical pesticides.
• Advancements in agricultural technology and integrated pest management solutions.