The Vietnam liquid fertilizers market size was valued at USD 98.69 Million in 2025. The industry is expected to grow at a CAGR of 4.10% during the forecast period of 2026-2035 to reach a valuation of USD 147.50 Million by 2035.
The shift toward high-efficiency agriculture in Vietnam is resulting in significant growth of the Vietnam liquid fertilizers market. Farmers in Vietnam are increasingly using these fertilizers due to the introduction of precision farming methods and the requirement for quick nutrient delivery. To help meet the national targets for increased crop yields and food security, these fertilizers offer rapid absorption and easy application. This trend is also sustained by the government’s advancement support for agricultural practices.
In 2024, Vietnam's fertilizer imports surged, with nearly 3.5 million tons valued at USD 1.14 billion, marking a 43.6% increase in volume compared to the previous year. This rise exhibits an intensifying inclination towards the utilization of liquid fertilizers. Other factors boosting the Vietnam liquid fertilizers market expansion include the increasing adoption of technology in agriculture such as controlled-release and nano-fertilizers that improve the fertilization methods, soil health and crop yields and increased modernization efforts.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.1%
Value in USD Million
2026-2035
*this image is indicative*
| Vietnam Liquid Fertilizers Market Report Summary |
Description |
Value |
|
Base Year |
USD Million |
2025 |
|
Historical Period |
USD Million |
2019-2025 |
|
Forecast Period |
USD Million |
2026-2035 |
|
Market Size 2025 |
USD Million |
98.69 |
|
Market Size 2035 |
USD Million |
147.50 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
4.10% |
|
CAGR 2026-2035- Market by Region |
Southeast |
4.6% |
|
CAGR 2026-2035 - Market by Region |
Red River Delta |
4.4% |
|
CAGR 2026-2035 - Market by Application Mode |
Fertigation |
4.8% |
|
CAGR 2026-2035 - Market by Crop Type |
Horticultural Crops |
5.0% |
| 2025 Market Share by Region | South Central Coast |
9.2% |
Vietnam's government has been proactive in supporting the agricultural sector through policies that encourage the use of efficient and sustainable farming inputs. Initiatives aimed at modernizing agriculture and promoting environmentally friendly practices have led to increased adoption of liquid fertilizers, which is increasing the Vietnam liquid fertilizers market revenue. For instance, the Ministry of Agriculture and Rural Development and International Rice Research Institute, in January 2024, launched the “Sustainable Development of One Million Hectares of High Quality and Low-Emission Rice Associated with Green Growth in the Mekong River Delta By 2030” program to promote liquid fertilizers and to transform rice farming in Vietnam's Mekong Delta into a model of sustainable, high-quality, and low-emission rice production.
Advancements in fertilizer production technologies have led to the development of more effective liquid fertilizer formulations. These innovations include the creation of nutrient-specific blends and slow-release formulations that cater to the specific needs of various crops, thereby improving crop productivity and reducing environmental impact, increasing the demand of Vietnam liquid fertilizers market. For instance, PVCFC has also invested in slow-release liquid fertilizers, which release nutrients gradually to match plant uptake needs, reducing nutrient leaching and runoff. These formulations incorporate microbial interactions to enhance nutrient bioavailability, making them particularly effective in Vietnam’s diverse soil conditions.
Vietnamese farmers are increasingly cultivating high-value crops such as fruits, vegetables, and flowers to meet both domestic and export demands. These crops demand precise nutrient management, which liquid fertilizers can provide because of their easier application and relatively immediate nutrient supply. Accordingly, the shift has been favoring the rising demand for the Vietnam liquid fertilizers market.
Increasing concern for environmental problems related to the use of conventional fertilizers, including soil erosion and water contamination, is driving the transition towards more sustainable cultivation methods. Liquid fertilizers, due to their effective nutrient supply and reduced environmental impact, are proving to be a valued option by environmentally conscious farmers. The Ministry of Agriculture and Rural Development (MARD) has set ambitious targets to increase organic fertilizer production by 25% by 2025 and ensure that 30% of registered fertilizers are organic by 2030.
The expansion of distribution networks by fertilizer manufacturers and suppliers is improving the accessibility of liquid fertilizers across Vietnam. Enhanced supply chains and increased availability in rural areas are enabling more farmers to adopt liquid fertilizers, thereby supporting Vietnam liquid fertilizers market expansion. Further, promotional drives and training programs for farmers are being undertaken to educate farmers about liquid fertilizers and their benefits, hence supporting their increased use.
The Expert Market Research’s report titled “Vietnam Liquid Fertilizers Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Type
Key Insight: Complex (NPK) liquid fertilizers lead Vietnam liquid fertilizers market, driven by the shift towards balanced nutrient solutions. Farmers are increasingly adopting NPK blends like 16:16:8 to enhance crop yields and soil health. The Vietnamese government has implemented policies to encourage the use of efficient and sustainable farming inputs. Initiatives aimed at modernizing agriculture and promoting environmentally friendly practices have led to increased adoption of liquid fertilizers. For instance, the Ministry of Agriculture and Rural Development has implemented programs to enhance fertilizer use efficiency, directly impacting market growth.
Breakup by Application Mode
Key Insight: As per Vietnam liquid fertilizers market report, fertigation is gaining traction in Vietnam's agriculture due to its efficiency in nutrient delivery and water conservation. By integrating liquid fertilizers into irrigation systems, farmers can ensure precise nutrient application, leading to improved crop yields and reduced waste. Fertigation adoption is most prevalent in areas where irrigation infrastructure is developed, for instance, Mekong Delta and Red River Delta, where fertigation facilitates the production of high-value crops. This approach is in line with Vietnam's drive towards modern, sustainable agriculture.
Breakup by Crop Type
Key Insight: Vietnam's field crops, particularly rice and maize, are increasingly adopting liquid fertilizers to enhance yields and address nutrient deficiencies. For maize, which is Vietnam's second most important staple crop after rice, the adoption of liquid fertilizers is also on the rise. These fertilizers provide a more uniform nutrient distribution, which is crucial for maize's growth stages. The government's support for sustainable farming practices and the increasing awareness among farmers about the benefits of liquid fertilizers are contributing to this trend.
Breakup by Region
Key Insight: The Mekong River Delta, often termed Vietnam's "rice bowl," is a pivotal region for the country's agriculture, contributing significantly to rice production and exports. In Mekong River Delta region, rice production in MY2024/2025 is forecast at 24.51 MMT on 3.84 million hectares. This extensive cultivation underscores the region's reliance on fertilizers to maintain high yields. The adoption of advanced farming techniques, such as drone-assisted fertilizer application and alternate wetting and drying irrigation, is enhancing efficiency and sustainability in the delta.
|
CAGR 2026-2035 - Market by |
Region |
| Southeast |
4.6% |
| Red River Delta |
4.4% |
| Mekong River Delta |
XX% |
| South Central Coast |
XX% |
| Others |
XX% |
Straight Liquid Fertilizers Gain Traction with Precision Farming in Vietnam
As per the Vietnam liquid fertilizers market analysis, straight liquid fertilizers, such as urea and ammonium nitrate, are the fastest-growing segment. Due to their speedy nutrient release and adaptability with contemporary irrigation systems, they find best usage in precision agriculture. Their popularity among the farmers has also increased with the increase in fertigation and foliar application techniques. The growth is also driven by the need for precise application of nutrients in different crops.
Foliar Feeding Gains Ground as a Fast-Acting Nutrient Solution in Vietnam's Agriculture
Foliar application, involving the spraying of liquid fertilizers directly onto plant leaves, is increasingly popular among Vietnamese farmers for its rapid nutrient absorption and effectiveness in addressing specific deficiencies. This method is especially beneficial during critical growth stages or when root uptake is compromised. The rise in foliar application is supported by the availability of specialized liquid fertilizer formulations and the need for quick corrective measures in intensive farming systems, there by supporting the growth of the Vietnam liquid fertilizers market. As Vietnam continues to modernize its agricultural sector, foliar feeding stands out as a practical solution for enhancing crop health and productivity.
Liquid Fertilizers Fuel Growth in Vietnam’s Expanding Horticulture and Smart Farming Sectors
The horticultural sector in Vietnam is witnessing robust growth, with liquid fertilizers playing a pivotal role in enhancing the quality and yield of fruits and vegetables. The rapid expansion of greenhouse and hydroponic farming has further boosted demand for liquid specialty fertilizers across Vietnam. Government support for smart agriculture and local production capabilities is driving this shift toward advanced liquid formulations. Specialty nitrogen stabilizers and slow-release fertilizers gain traction as rice farmers address environmental concerns while maintaining productivity.
Vietnam's turf and ornamental segment is experiencing remarkable growth, driven by the dramatic development of flower and ornamental plant production. The ornamental and floriculture sector is emerging as a significant growth driver for Vietnam liquid fertilizers market, with approximately 35,000 hectares dedicated to the specialized cultivation of ornamental plants and flowers. Major cities like Hanoi have identified specific flower and ornamental plant products as key investment areas, including orchids, roses, lilies, and peaches. This expansion is fueling the demand for liquid fertilizers, which offer precise nutrient delivery essential for the aesthetic quality of ornamental plants.
Balanced Nutrient Strategies Propel Liquid Fertilizer Demand in Red River Delta
The Red River Delta is another crucial agricultural hub in Vietnam, known for its intensive rice cultivation and diverse crop production. The region's fertile alluvial soils and favorable climate conditions make it ideal for agriculture. To support sustainable farming practices, the Vietnamese government has implemented policies aimed at reducing production costs by encouraging the use of locally-produced fertilizers and promoting balanced nutrient application. In 2024, the Vietnamese government, in collaboration with the U.S. Department of Agriculture and the International Rice Research Institute, launched the "Fertilize Right" project. This USD 4.4 million initiative aims to enhance fertilizer use efficiency, increase farmer incomes, and reduce greenhouse gas emissions in rice cultivation across provinces including Hai Duong, Thai Binh, and Nam Dinh.
The Southeast region, encompassing provinces like Binh Duong and Dong Nai, is experiencing growth in the liquid fertilizers market due to its diversified agriculture and industrial activities. The region's focus on high-value crops, such as fruits and vegetables, necessitates the use of specialized fertilizers to enhance quality and yield. Additionally, the presence of numerous fertilizer manufacturing enterprises in the area supports the availability and adoption of liquid fertilizers. The government's emphasis on sustainable agriculture and efficient resource utilization further propels the Vietnam liquid fertilizers market development in this region.
Key players in the Vietnam liquid fertilizers market are focusing on expanding their product lines to meet the growing demand for crop-specific and high-efficiency nutrient solutions. They are investing in research to develop formulations tailored for local soil conditions and farming practices. Emphasis is also placed on enhancing product performance, reducing environmental impact, and aligning with national goals for sustainable agriculture and reduced chemical runoff in major cultivation areas. In addition to product innovation, these companies are strengthening their supply chain and distribution capabilities to improve access in rural and underserved regions. Partnerships with local cooperatives, agro-dealers, and agricultural extension networks are being leveraged to expand market reach. Educational programs and farmer training initiatives are also being supported to raise awareness about the benefits of liquid fertilizers, encouraging broader adoption across various crops and production systems.
BACONCO Company Limited, founded in 1963 and headquartered in Long An Province, Vietnam, is a prominent agricultural input manufacturer specializing in fertilizers. The company produces a wide range of granular and liquid fertilizers tailored for various crops. With a strong domestic distribution network, BACONCO focuses on enhancing crop productivity and supporting sustainable farming practices across Vietnam.
Yara International ASA, headquartered in Oslo, Norway, was founded in 1905. It is a global leader in crop nutrition and agricultural solutions, offering a broad portfolio of mineral and specialty fertilizers, including liquid formulations. The company operates in over 60 countries, focusing on sustainable farming, food security, and reducing environmental impact through precision farming technologies and innovative plant nutrition products.
ICL Group, established in 1968 and headquartered in Tel Aviv, Israel, is a leading global manufacturer of specialty minerals and fertilizers. It provides innovative crop nutrition solutions, including advanced liquid fertilizers, for agriculture and horticulture. The company emphasizes sustainability and efficient resource use, serving markets across the Americas, Europe, and Asia with customized agricultural inputs and R&D-driven technologies.
Haifa Group, founded in 1966 and based in Haifa, Israel, is a global supplier of specialty plant nutrients. Known for its high-quality fertilizers, including water-soluble and liquid formulations, the company serves farmers in over 100 countries. Haifa focuses on precision agriculture, offering solutions that support optimal crop performance, water efficiency, and sustainable practices tailored to modern farming needs.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Duc Giang Chemical Group Joint Stock Company (DGC), among others.
Explore Vietnam liquid fertilizers market trends 2026 with Expert Market Research’s latest report. Understand region-wise demand shifts, policy drivers, and product innovations transforming crop nutrition. Download your free sample today for actionable insights and data-backed forecasts that can guide your investment, strategy, or expansion in the evolving Vietnamese agriculture landscape. Stay informed and competitive with reliable, expert-curated market intelligence.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 98.69 Million.
The market is projected to grow at a CAGR of 4.10% between 2026 and 2035.
Key strategies include export-led growth, government-industry partnerships, foreign investment attraction, talent development through global training, and expanding into high-value segments like chip design, EV components, and advanced packaging and testing services.
The automotive sector exhibits highest growth rate, driven by the increasing demand for electric vehicles (EVs), advanced driver-assistance systems (ADAS), and connected car technologies
The major players in the market are BACONCO Company Limited, Yara International ASA, ICL Group, Duc Giang Chemical Group Joint Stock Company (DGC), and Haifa Group, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application Mode |
|
| Breakup by Crop Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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