Vietnam Fertilizer Market | COVID-19 impact analysis, demand, size and share estimation by 2027 described in a new market report

The Vietnam fertilizer market was valued at $4.5billion in 2019, and is projected to reach $5.7 billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027.
Fertilizer plays a major role in agriculture. It provides fundamental crop nutrients that help improve quality and yield of the crops. The basic nutrients necessary for the plant’s development are nitrogen, phosphate, and potassium. An appropriate balance of each of the nutrients is essential to increase their effectiveness.

The factors contributing toward the growth of the Vietnam fertilizer market include rise in demand for organic fertilizers, rigorous agriculture practices for improving the yield and quality of crops, and others.