The Vietnam specialty fertilizer market reached approximately USD 162.50 Million in 2025. The market is projected to grow at a CAGR of 3.90% between 2026 and 2035, reaching a value of around USD 238.24 Million by 2035.
Base Year
Historical Period
Forecast Period
In the first half of 2024, agricultural production in Vietnam increased with the cultivation of nearly 3 million hectares of winter-spring rice, a growth of 1.2 thousand hectares from the previous year.
In 2023, Vietnam was one of the first three countries selected by the World Economic Forum to pilot the Food Innovation Hub, a flagship initiative of the Food Action Alliance created to enhance sustainability in food production.
In 2022, Vietnam brought in approximately 3.35 million metric tons of fertilizer, valued at close to 1.6 billion US dollars.
Compound Annual Growth Rate
3.9%
Value in USD Million
2026-2035
*this image is indicative*
| Vietnam Specialty Fertilizer 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 | 162.50 |
| Market Size 2035 | USD Million | 238.24 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 3.90% |
| CAGR 2026-2035 - Market by Region | Southeast | 4.5% |
| CAGR 2026-2035 - Market by Region | Mekong River Delta | 4.0% |
| CAGR 2026-2035 - Market by Crop Type | Horticultural Crops | 4.4% |
| CAGR 2026-2035 - Market by Application Mode | Fertigation | 4.6% |
| Market Share by Region | Southeast | 24.7% |
Vietnam has seen a significant surge in its plant-based agriculture sector, solidifying its position as a major player in the global agricultural sector. The year 2022 marked a milestone for Vietnam's agricultural sector, with a remarkable growth rate of 3.36%. Farming, fisheries, and forestry experienced growth rates of 2.88%, 4.43%, and 6.13%, respectively. The sector's export turnover exceeded US$53.22 billion. The growth of Vietnam's agricultural sector, attributed to the crucial role of Overseas Direct Assistance (ODA) and the unwavering support from the Ministry of Agriculture and Rural Development (MARD), is expected to drive the demand for specialty fertilizers.
Vietnam is targeting to incorporate organic fertilizers in 50% of the total cultivation area nationwide by 2050. Additionally, the Vietnamese government aims to have a minimum of 80% of centrally-run cities and provinces establish organic fertilizer farming models within value chains for both major and specialty products. These objectives are outlined in a project approved by the Ministry of Agriculture and Rural Development (MARD) that focuses on promoting the production and utilisation of organic fertilizers until 2030, with a long-term vision extending to 2050.
The Vietnam market for specialty fertilizer is set to experience substantial growth, fuelled by agricultural modernisation, stringent government regulations, and technological progress. With the growing need for sustainable farming methods and high-value crops, the use of specialty fertilizers is projected to increase in the forecast period.
“Vietnam Specialty Fertilizer Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Technology
Market Breakup by Crop Type
Market Breakup by Application Mode
Market Breakup by Region
| CAGR 2026-2035 - Market by | Crop Type |
| Horticultural Crops | 4.4% |
| Turf and Ornamentals | 4.2% |
| Field Crops | XX% |
| CAGR 2026-2035 - Market by | Application Mode |
| Fertigation | 4.6% |
| Foliar | 3.8% |
| Soil | XX% |
| CAGR 2026-2035 - Market by | Region |
| Southeast | 4.5% |
| Mekong River Delta | 4.0% |
| Red River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
Based on crop type, the market is segmented into field crops, horticultural crops, and turf and ornamentals. Horticulture crops are projected to grow at a CAGR of 4.4% between 2026 and 2035. In horticulture, fertilizers are vital because they supply the necessary nutrients for healthy plant growth, increased yields, and better-looking fruits, vegetables, and ornamental plants. Horticultural crops' productivity and health can be greatly impacted by the proper application of specialty fertilizers.
| Market Share by | Region |
| Southeast | 24.7% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
The market players are focusing on the production of organic and non-toxic specialty fertilizers to gain a competitive edge.
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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 162.50 Million.
The market is estimated to grow at a CAGR of 3.90% between 2026 and 2035.
The market is estimated to witness a healthy growth during 2026-2035 to reach around USD 238.24 Million by 2035.
The market is being driven by the growth of the agriculture sector and the increasing population in the region.
The key trends aiding the specialty fertilizer market in Vietnam include the production of organic fertilizers and the introduction of favourable government initiatives to support the agricultural sector.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different application modes of specialty fertilizer include fertigation, foliar, and soil.
The major players in the market are Baconco, Yara International ASA, ICL Group Ltd., Haifa Negev technologies Ltd., Grupa Azoty S.A., and Hebei Sanyuanjiuqi Fertilizer Co., Ltd., 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:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Crop Type |
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| Breakup by Application Mode |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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