Vietnam complex fertilizer market is very competitive with more than ~ major NPK producers and over ~ small scale companies . The country ’ s domestic production has been sufficient to meet the consumption demand in the last few years . However , most NPK manufacturers operated at about ~% of their installed capacity and production is not advanced in terms of technology as majority of companies were involved in producing lower quality blended complex fertilizers . Vietnam ’ s complex fertilizer market is fairly concentrated with top 5 players together comprising for ~% of the market share . Binh Dien Fertilizer emerged as the market leader , in terms of revenue , by accounting for ~% market share in 2017 . Lam Thao Fertilizers and Chemicals was the second largest player in this space and comprised for ~% market share . The Southern Fertilizer Company , Japan Vietnam Fertilizer Company and Baconco Group comprised for ~%, ~% and ~% market share , respectively . Other prominent players included Can Tho Fertilizer and Chemical , Van Dien FMP Fertilizer , Ninh Binh Phosphate Fertilizer , Five Star International Group , General Materials Biochemistry Fertilizer and several more .
Vietnam Complex Fertilizer Market Future Outlook and Projections Despite a balanced demand and supply equilibrium , domestic manufacturers keep investing in NPK projects . Several new and existing players are expected to setup new manufacturing plants or enhance the production capacity of existing sites . For instance , Taekwnag Co . announced its plan to build a NPK plant with production capacity of 360,000 MT per year by the end of 2018 . Consumption of complex fertilizers in Vietnam is expected to grow at a CAGR of ~% during the period 2017-2022 . Ken Research estimates the consumption of complex fertilizer to grow in the next five years , rising from ~ million MT in 2018 to 4.7 million MT by 2022 . Complex fertilizers market is anticipated to be worth USD ~ million by 2022 rising from USD ~ million in 2018 . This represents growth at a CAGR of ~% during the period 2017-2022 .
Key Topics Covered in the Report : - Asia Complex Fertilizer Market Size by Revenue
- Value Chain Analysis of Vietnam Complex Fertilizer Market - Vietnam Complex Fertilizer Market Size
- Vietnam Complex Fertilizer Market Segmentation By Form , By Type , By Grade , by Crops , By Regions
- Trade Scenario - Market Share Analysis of Major Players - Company Profiles of Major Players - Future Outlook and Projection for Vietnam Complex Fertilizer Market
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