| Product Code: ETC4593811 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Vietnam Herbicides market currently, in 2023, has witnessed an HHI of 6121, Which has increased moderately as compared to the HHI of 5778 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Vietnam Herbicides market plays a crucial role in weed management, supporting agricultural productivity by minimizing weed competition with crops. As farmers seek efficient and sustainable weed control solutions, the market for herbicides continues to evolve. Innovations in herbicide formulations and application technologies contribute to the market`s dynamism, addressing the challenges associated with weed infestation in diverse crops.
The Vietnam Herbicides market is primarily propelled by the need to enhance crop yields and combat weed infestations in agriculture. Herbicides are essential for weed control, which can significantly reduce crop productivity if left unmanaged. As the country aims to increase food production to meet the demands of a growing population, herbicides become integral in modern farming practices. Furthermore, the shift towards mechanized agriculture and reduced labor in farming encourages the adoption of herbicides for weed management.
The Herbicides market in Vietnam confronts challenges related to the diversity of weed species and the need for broad-spectrum solutions. Farmers encounter difficulties in selecting herbicides that effectively target a wide range of weeds while minimizing the impact on crops and the environment. Developing herbicide formulations with enhanced selectivity and reduced ecological footprint requires continuous innovation. Additionally, addressing concerns about herbicide residues in food and water sources presents a persistent challenge, necessitating stringent safety standards and transparent communication.
The Vietnam Herbicides Market faced challenges during the COVID-19 pandemic. Disruptions in the supply chain and logistical constraints impacted the availability of herbicides. Farmers encountered difficulties in obtaining weed control solutions, affecting crop yields. Economic uncertainties and the financial strain on the agricultural sector further influenced the purchasing patterns in the herbicides market.
The Vietnam herbicides market is shaped by the presence of key players specializing in weed control solutions. Global leaders like Monsanto (now part of Bayer), DowDuPont, and Nufarm play pivotal roles by introducing advanced herbicides. Concurrently, local companies such as Hung Thinh Phu Chemicals and Trung Thanh Co., Ltd. contribute region-specific expertise, addressing the diverse weed challenges faced by Vietnamese farmers. Collaborative efforts between international and local players drive innovation and growth in the Vietnam herbicides market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Herbicides Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Herbicides Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Herbicides Market - Industry Life Cycle |
3.4 Vietnam Herbicides Market - Porter's Five Forces |
3.5 Vietnam Herbicides Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Herbicides Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.7 Vietnam Herbicides Market Revenues & Volume Share, By Mode of Action, 2021 & 2031F |
4 Vietnam Herbicides Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for crop protection products due to rising agricultural activities in Vietnam |
4.2.2 Government initiatives to promote the use of herbicides for efficient farming practices |
4.2.3 Adoption of modern farming techniques and technologies leading to higher herbicide usage |
4.3 Market Restraints |
4.3.1 Concerns regarding environmental impact and health hazards associated with herbicide usage |
4.3.2 Stringent regulations on pesticide residues in agricultural produce |
4.3.3 Competition from alternative pest control methods like biological pest control |
5 Vietnam Herbicides Market Trends |
6 Vietnam Herbicides Market, By Types |
6.1 Vietnam Herbicides Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Herbicides Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Herbicides Market Revenues & Volume, By Glyphosate, 2021-2031F |
6.1.4 Vietnam Herbicides Market Revenues & Volume, By 2, 2021-2031F |
6.1.5 Vietnam Herbicides Market Revenues & Volume, By 4-D, 2021-2031F |
6.1.6 Vietnam Herbicides Market Revenues & Volume, By Diquat, 2021-2031F |
6.2 Vietnam Herbicides Market, By Crop Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Herbicides Market Revenues & Volume, By Cereals & Grains, 2021-2031F |
6.2.3 Vietnam Herbicides Market Revenues & Volume, By Oilseeds & Pulses, 2021-2031F |
6.2.4 Vietnam Herbicides Market Revenues & Volume, By Fruits & Vegetables, 2021-2031F |
6.3 Vietnam Herbicides Market, By Mode of Action |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Herbicides Market Revenues & Volume, By Non-selective, 2021-2031F |
6.3.3 Vietnam Herbicides Market Revenues & Volume, By Selective, 2021-2031F |
7 Vietnam Herbicides Market Import-Export Trade Statistics |
7.1 Vietnam Herbicides Market Export to Major Countries |
7.2 Vietnam Herbicides Market Imports from Major Countries |
8 Vietnam Herbicides Market Key Performance Indicators |
8.1 Adoption rate of integrated pest management practices among farmers |
8.2 Rate of adoption of herbicide-tolerant crop varieties in Vietnam |
8.3 Investment in research and development for developing safer and more effective herbicides |
9 Vietnam Herbicides Market - Opportunity Assessment |
9.1 Vietnam Herbicides Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Herbicides Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.3 Vietnam Herbicides Market Opportunity Assessment, By Mode of Action, 2021 & 2031F |
10 Vietnam Herbicides Market - Competitive Landscape |
10.1 Vietnam Herbicides Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Herbicides Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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