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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1227620

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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1227620

Vietnam Nematicide Market, By Type ; By Crop ; By Formulation ; By Mode of Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

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Vietnam Nematicide Market Size Almost Doubles at CAGR of 10.4% During Forecast Period 2023-2029

Vietnam nematicide market is flourishing because of the government's increasing focus on improved crop yields to ensure food security and controlling growing incidences of plant-parasitic nematodes.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam nematicide market size at USD 18.02 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Vietnam nematicide market size to grow at a significant CAGR of 10.36% reaching a value of USD 35.55 million by 2029. Major growth factors of Vietnam nematicide market include increasing environmental concerns worldwide, growing demand for food security and improved crop yields and increasing incidence of plant-parasitic nematodes. Rising consumer preference for organic food products. The market is growing at a fast rate as a result of the rising trend of bio-nematicides brought on by the push for the adoption of sustainable agricultural methods. The market is further influenced by the increased focus on integrated pest management strategies and government funding for the creation of bio-nematicides as alternatives to traditional synthetic pesticides. Also, the market for nematicides is positively impacted by the growth in pollution cases, increasing demand for high-value crops, increased usage of various biological products, rising environmental concerns, and agricultural losses from pest infestations. Likewise, the market players will have lucrative prospects because to the rise in demand for customized solutions targeted at certain pests and the use of biological to gain traction during the forecast period. However, environmental concerns are anticipated to restrain the overall market growth.

Vietnam Nematicide Market - Overview:

Chemical substances called nematicides are employed to manage parasitic worms like threadworms and roundworms. They are among the most widely used pesticides on the planet and have been used for ages in various forms. Nematocides is another name for nematicides. Nematicides are normally administered equally across a field, however the distribution and population density of plant-parasitic nematodes are not. In addition, nematicide, a kind of chemical pesticide, is employed to eradicate worms that parasitize plants. Nematicides have a history of being highly volatile, broad-spectrum poisons that promote soil mobility. A carbamate insecticide called aldicarb (Temik) is primarily utilized in commercial nematicide. Nematicides, which are chemically produced substances that kill or harm nematodes, are another option. These products enable nematicidal or metastatic effects against nematodes. Nematicidal substances are extremely poisonous and kill exposed worms, whereas metastatic substances impede or delay the hatching of nematode eggs rather than killing nematodes.

Impact of COVID-19 on Vietnam Nematicide Market

COVID-19 had a detrimental impact on the market for nematicides. Lockdown restrictions imposed in Vietnam caused supply chain interruptions, which in turn upset the parties involved in the delivery of goods to the intended locations. Production efficiency has decreased as a result of factors including a workforce scarcity and a restricted supply of raw materials.

Vietnam Nematicide Market - By Crop:

Based on crop, Vietnam nematicide market is divided into Vegetable, Field Crops, and Fruits segments. The vegetables segment is expected to hold the highest market share due to the increasing rates of nematode infection on several vegetables, including carrots, potatoes, and tomatoes. Roots that have been infected by nematodes become deformed and injured, which lowers the product's quality and yield. Nematodes also intensify the negative effects of bacteria and fungi. Therefore, to cure nematodes and prevent product losses, vegetable crop growers utilize nematicide treatments. In the upcoming years, demand for bio-based nematicide products is anticipated to increase due to farmers' growing preference for growing organic fruits, vegetables, and grains. Similarly, the fruit segment is expected to witness growth during the forecast period due to the potential presence of plant-parasitic nematodes on the roots and leaves of fruit crops. In fruit orchards, a number of nematode species are known to produce severe root necrosis, which has a considerable negative impact on the economy. Citrus, burrowing, and root-knot nematodes are the three main nematode pests that attack different types of fruit crops. Nematode control is crucial for producing fruit with excellent yields and quality, which further fuels the expansion of Vietnam nematicide market.

Competitive Landscape:

Major players operating in Vietnam nematicide market include: BASF SE, Isagro S.p.A, Corteva Agriscience, Syngenta AG, Bayer AG, UPL Limited, American Vanguard Corporation, Nufarm, FMC Corporation, Chr. Hansen, and Adama Agricultural Solutions Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Nematicide Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Nematicide Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23149

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Executive Summary

3. Vietnam Nematicide Market Insights

  • 3.1. Industry Value Chain Analysis
    • 3.1.1. DROC Analysis
    • 3.1.2. Growth Drivers
      • Growing demand for food security and improved crop yields
      • Increasing incidence of plant-parasitic nematodes
    • 3.1.3. Restraints
      • Environmental concerns
    • 3.1.4. Opportunities
      • Growing demand for sustainable agriculture
    • 3.1.5. Challenges
      • Competition from alternative pest control methods
  • 3.2. Technology Advancements/Recent Developments
  • 3.3. Regulatory Framework
  • 3.4. Porter's Five Forces Analysis
    • 3.4.1. Bargaining Power of Suppliers
    • 3.4.2. Bargaining Power of Buyers
    • 3.4.3. Threat of New Entrants
    • 3.4.4. Threat of Substitutes
    • 3.4.5. Intensity of Rivalry

4. Vietnam Nematicide Market Overview

  • 4.1. Market Size & Forecast, 2019-2029
    • 4.1.1. By Value (USD Million)
  • 4.2. Market Share & Forecast
    • 4.2.1. By Type
      • Fumigants
      • Organophosphate
      • Carbamate
      • Bio-Based
    • 4.2.2. By Crop
      • Vegetable
      • Field Crops
      • Fruits
      • Others
    • 4.2.3. By Formulation
      • Liquid
      • Granular
      • Others
    • 4.2.4. By Mode of Application
      • Drenching
      • Soil Dressing
      • Seed Treatment
      • Fumigation
      • Other

5. Competitive Landscape

  • 5.1. List of Key Players and Their Types
  • 5.2. Vietnam Nematicide Company Market Share Analysis, 2022
  • 5.3. Competitive Benchmarking, By Operating Parameters
  • 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

6. Impact of Covid-19 on Vietnam Nematicide Market

7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

  • 7.1. BASF SE
  • 7.2. Isagro S.p.A
  • 7.3. Corteva Agriscience
  • 7.4. Syngenta AG
  • 7.5. Bayer AG
  • 7.6. UPL Limited
  • 7.7. American Vanguard Corporation
  • 7.8. Nufarm
  • 7.9. FMC Corporation
  • 7.10. Chr. Hansen
  • 7.11. Adama Agricultural Solutions Ltd.
  • 7.12. Other Prominent Players

8. Key Strategic Recommendations

9. Research Methodology

  • 9.1. Qualitative Research
    • 9.1.1. Primary & Secondary Research
  • 9.2. Quantitative Research
  • 9.3. Market Breakdown & Data Triangulation
    • 9.3.1. Secondary Research
    • 9.3.2. Primary Research
  • 9.4. Breakdown of Primary Research Respondents
  • 9.5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Product Code: BWC23149

List of Figures

  • Figure 1 Vietnam Nematicide Market Segmentation
  • Figure 2 Vietnam Nematicide Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2022
  • Figure 4 Vietnam Nematicide Market Size, By Value (USD Million), 2019-2029
  • Figure 5 Vietnam Nematicide Market Share, By Type, By Value, 2019-2029
  • Figure 6 Vietnam Nematicide Market Share, By Crop, By Value, 2019-2029
  • Figure 7 Vietnam Nematicide Market Share, By Formulation, By Value, 2019-2029
  • Figure 8 Vietnam Nematicide Market Share, By Mode of Application, By Value, 2019-2029

List of Tables

  • Table 1 Vietnam Nematicide Market Size, By Type, By Value, 2019-2029
  • Table 2 Vietnam Nematicide Market Size, By Crop, By Value, 2019-2029
  • Table 3 Vietnam Nematicide Market Size, By Formulation, By Value, 2019-2029
  • Table 4 Vietnam Nematicide Market Size, By Mode of Application, By Value, 2019-2029
  • Table 5 BASF SE Company Overview
  • Table 6 BASF SE Financial Overview
  • Table 7 Isagro S.p.A Company Overview
  • Table 8 Isagro S.p.A Financial Overview
  • Table 9 Corteva Agriscience Company Overview
  • Table 10 Corteva Agriscience Financial Overview
  • Table 11 Syngenta AG Company Overview
  • Table 12 Syngenta AG Financial Overview
  • Table 13 Bayer AG Company Overview
  • Table 14 Bayer AG Financial Overview
  • Table 15 UPL Limited Company Overview
  • Table 16 UPL Limited Financial Overview
  • Table 17 American Vanguard Corporation Company Overview
  • Table 18 American Vanguard Corporation Financial Overview
  • Table 19 Nufarm Company Overview
  • Table 20 Nufarm Financial Overview
  • Table 21 FMC Corporation Company Overview
  • Table 22 FMC Corporation Financial Overview
  • Table 23 Chr. Hansen Company Overview
  • Table 24 Chr. Hansen Financial Overview
  • Table 25 Adama Agricultural Solutions Ltd. Company Overview
  • Table 26 Adama Agricultural Solutions Ltd. Financial Overview
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