Crop protection chemicals give farmers a low-cost option to increase crop output and quality. They support stable supply and assist in harvesting year after year. Insecticides, herbicides, and fungicides are the three different categories of crop protection chemicals. Selective herbicides, for instance, stop weeds from establishing themselves amid crops and competing with them for resources like water, sunlight, and nutrients. If crop protection chemicals were employed, agriculture would produce less.
According to SPER market research, ‘Vietnam Crop Protection Market Size- By Type, By Origin, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Crop Protection Chemical Market is predicted to reach USD 3.27 billion by 2033 with a CAGR of 5.08%.
There are a number of factors influencing market expansion. Vietnamese consumers emphasize the purchase of high-quality and healthy products, particularly organic ones, as their income levels rise. In response to the rising demand for organic goods, which necessitates the use of biopesticides, farmers are converting their farmlands to organic status. Due to its expanding use in rice agriculture, Vietnam has the largest and fastest growing bio-insecticide market. As part of its new Action Plan to avoid plant hopper damage to Asia's rice crop, particularly in Vietnam, the International Rice Research Institute (IRRI) has previously advocated for a ban on specific insecticides used in rice farming.
However, pesticides are a particular source of concern because of their toxicity, longevity, bioaccumulation, lipophilicity, and detrimental impacts on human health. These poisons are consumed by people through contaminated fruits and vegetables. Pesticide residue poses serious health hazards, including those related to cancer, birth defects, neurological disorders, endocrine disruption, and reproductive effects. Pesticide toxicity and exposure duration affect the effects. Consequences come in two flavours: transient and permanent. Because of the potential health risks associated with pesticide use, fruit and vegetable cultivation must be closely monitored. Pesticides including glyphosates, Difenoconazole, imidacloprids, and bifenthrin are frequently found in fruits and vegetables that are sold to customers.
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Impact of COVID-19 on Vietnam Crop Protection
The Vietnamese market for crop protection chemicals has been negatively impacted by the COVID-19 virus. The Vietnamese government implemented a number of measures, such as social exclusion, transportation limitations, and the closure of enterprises that provided optional services, in try to contain the COVID-19 pandemic. Vietnam supported legislation and put preventative measures in place, therefore the country's fertilizer business was mostly unaffected by the movement restrictions. As a result, the fertilizer market in Vietnam remained stable, with the exception of supply chain hiccups. However, it is anticipated that factors including expanding crop production areas, rising organic farming areas, and higher land productivity will drive the market.
Vietnam Crop Protection Key Player
Geographically, The Vietnam Crop Protection Market, which is an essential part of the nation's agricultural industry and is distinguished by its unique regional topography. The two main crops grown in the northern areas are maize and rice, particularly in the Red River Delta and North Central Coast. Due to the intense farming methods used in these regions, crop protection chemicals like insecticides and herbicides are often in higher demand. Agrochemicals must be used to battle pests and illnesses that can negatively affect crop output because coffee and rubber plantations are common in the central areas. Additionally, some of the market key players are Adama Ltd, Baconco Vietnam, BASF SE, Bayer Crop Science, Novozymes A/S, Sumitomo Chemicals, UPL Ltd, Vipesco.
Vietnam Crop Protection Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
Vietnam Crop Protection Market Segmentation:
By Type: Based on the Type, Vietnam Crop Protection Market is segmented as; Herbicides, Insecticides, Fungicides, Others
By Origin: Based on the Origin, Vietnam Crop Protection Market is segmented as; Synthetic, Bio-based
By Application: Based on the Application, Vietnam Crop Protection Market is segmented as; Grains and Cereals, Pulse and Oilseeds, Fruits and Vegetables, Commercial Crops, Others.
By Region: This research also includes data for Northern Region, Southern Region, Western Region, Eastern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Vietnam Crop Protection Market Growth Opportunities
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