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The Vietnam agriculture market was valued at USD 69.80 Million in 2024. The industry is expected to grow at a CAGR of 3.50% during the forecast period of 2025-2034. Rural e-commerce platforms are expanding, bringing farmers directly to consumers and input providers, while cutting down on middlemen costs overall. This has widely improved profit margins along with the entire agricultural value chain in Vietnam. In turn, all these factors have resulted in the market attaining a valuation of USD 98.46 Million by 2034.
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Gain insights into the Vietnam Edible Oil Market size at USD 18.6 billion in 2023, featuring Market Forecasts & Outlook, industry report, and trend outlook.
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The Vietnam Agricultural Machinery Market Report is Segmented by Product Type (Tractors, Planting Machinery, Harvesting Machinery, Haying and Forage Machinery, and Other Product Types). The Market Forecasts are Provided in Terms of Value (USD).
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In Vietnam Connected Agriculture Market is projected to grow from USD 2.9 billion in 2025 to USD 9.87 billion by 2031, at a CAGR of 22.8%
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Vietnam agriculture equipment market size is projected to exhibit a growth rate (CAGR) of 10.2% during 2025-2033. The growing demand for larger and more advanced machinery, increasing focus on enhancing productivity and lowering labor costs, and improved access to financing options and loans for purchasing equipment represent some of the key factors driving the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
| 2025-2033 |
Historical Years
|
2019-2024
|
Market Growth Rate (2025-2033) | 10.2% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on equipment type, application, and sales channel.
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The Vietnam Agriculture Market size is USD 30 billion, driven by market trends, strategic insights, and future opportunities through 2028. Explore industry analysis and top players.
In 2023, Vietnam's agriculture, forestry, and fishing sector accounted for approximately ***** percent of the country’s gross domestic product (GDP). Prior to 2020, the agriculture, forestry, and fishing sector had a decreasing GDP contribution due to the growing significance of Vietnam’s industry and service sectors. Main agriculture products in Vietnam Vietnam has transformed from a net importer to a net exporter of agricultural products after its trade liberalization and agriculture reforms in the 1980s. The country has become one of the leading producers and exporters of many important commodities, such as rice, coffee, pepper, and cashew nuts. For instance, Vietnam has kept its place as the second-largest exporter of coffee after Brazil. On the other hand, with growing domestic demand, agricultural product imports have been increasing in the country, with seafood products and fresh fruits and vegetables being the leading imported goods. Outlook of the agriculture sector in Vietnam Vietnam’s agriculture sector is heavily subjected to climate change-related issues, such as annual droughts and increasing salination. This affects the production of many of its commodities, including rice, one of the most important agricultural export products. The volume of rice produced in the Mekong Delta, Vietnam’s main rice-cultivating area, has been fluctuating in recent years. Consequently, the government and farmers have been working on finding solutions to adapt agricultural production to the changing climate and land conditions.
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In Vietnam Artificial Intelligence in Agriculture Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.
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The Vietnam Tractor Market Report is Segmented by Engine Power (Less Than 15 HP, 15–30 HP, 31–45 HP, and More), by Drive Type (Two-Wheel Drive and Four-Wheel Drive), by Application (Row-Crop Farming and Orchard and Plantation), and by Propulsion Technology (Diesel, Hybrid, and Fully Electric). The Market Forecasts are Provided in Terms of Value (USD).
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The Vietnamese seed market, currently valued at approximately $XX million (estimated based on available CAGR and market trends, the exact figure requires further data), is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.70% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, the increasing demand for high-yielding and climate-resilient crop varieties is driving farmers to adopt improved seeds, especially in the face of changing weather patterns and growing populations. Secondly, government initiatives promoting agricultural modernization and technological advancements are providing further impetus to market growth. Investment in agricultural research and development, coupled with farmer training programs focusing on improved seed selection and utilization, is significantly contributing to market expansion. Furthermore, the rising disposable incomes and a shift towards healthier diets are boosting demand for higher-quality fruits and vegetables, further fueling the demand for advanced seed technologies. However, challenges remain, including the prevalence of counterfeit seeds and limited access to quality seeds in remote areas. Competition amongst established players like DCM Shriram Ltd (Bioseed), Groupe Limagrain, and Syngenta Group, alongside emerging local players, is also shaping the market landscape. The market segmentation reveals considerable opportunities across various crop types, with potential for further specialization based on specific regional needs and farming practices. The forecast period of 2025-2033 holds immense potential for growth, particularly in leveraging technological advancements like biotechnology and precision agriculture to develop superior seed varieties. This is expected to lead to further specialization within the market, with a focus on seeds tailored to specific crops and environmental conditions. The integration of digital technologies in seed distribution and marketing could prove a major game-changer, enhancing efficiency and improving access for farmers across Vietnam. Addressing challenges like counterfeit seeds through stricter regulations and improved traceability mechanisms is crucial for sustainable market growth. The strategic partnerships between seed companies and local farmers, combined with consistent governmental support, are expected to further propel the expansion of the Vietnamese seed market in the years to come. Key drivers for this market are: Seed Treatment As A Solution To Enhance Yield, Growing Awareness For Seed Treatment Among The Farmers; Rising Trend Of Organic Farming. Potential restraints include: Limitations Across Farm-Level Seed Treatment, Rising Environmental Concerns. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
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The Vietnam AI in Agriculture Market size is XX, including market growth, market opportunities, and industry challenges. Explore insights on market trends, key players, and market segmentation.
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The Vietnam agricultural tractors market reached approximately USD 635.58 Million in 2024. The market is projected to grow at a CAGR of 4.90% between 2025 and 2034, reaching a value of around USD 1025.48 Million by 2034.
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The Vietnam Crop Protection Chemicals market is experiencing robust growth, projected to reach a substantial market size. While the exact 2025 market size (XX million) is unavailable, considering a 16.50% CAGR from a reasonably estimated 2019 base (e.g., let's assume $500 million for illustrative purposes – this would need to be validated with actual data), the market value in 2025 could be projected to approximately $1,200 million. This significant expansion is driven by several key factors. Increasing agricultural output to meet the demands of a growing population necessitates the increased use of crop protection chemicals to enhance yields and protect against pests and diseases. Favorable government policies supporting agricultural modernization and improved farming practices also contribute to market growth. The rising adoption of advanced technologies, such as precision agriculture and drone-based spraying, further boosts the market's expansion. However, concerns regarding environmental impacts and human health risks associated with certain chemicals pose a restraint on market growth. Furthermore, fluctuating weather patterns and the potential for increased resistance to existing pesticides present challenges for sustainable market expansion. Market segmentation plays a crucial role in understanding the dynamics of the Vietnam Crop Protection Chemicals market. The market is likely fragmented across various chemical types (e.g., herbicides, insecticides, fungicides), application methods (e.g., foliar sprays, soil treatments), and crop types (e.g., rice, coffee, rubber). Key players like ADAMA Agricultural Solutions Ltd, Bayer AG, Syngenta Group, BASF SE, and FMC Corporation are actively competing in this dynamic market, shaping pricing strategies and product innovation. The regional distribution of the market is likely skewed towards key agricultural regions within Vietnam, necessitating a deeper understanding of regional-specific agricultural practices and regulatory frameworks. Future growth will depend on factors such as government regulations concerning pesticide usage, innovation in sustainable and eco-friendly crop protection solutions, and farmer education and awareness on responsible chemical usage. The projected CAGR of 16.50% indicates a significant opportunity for growth over the forecast period (2025-2033). Key drivers for this market are: Demand For Landscaping Maintenance, Adoption of Green Spaces and Green Roofs. Potential restraints include: Shortage of Labor In Landscaping, High Maintenance Cost of Lawn Mowers. Notable trends are: The demand for pesticides is driven by the need for effective control of pests and diseases.
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Vietnam Agri-equipment market is anticipated to witness substantial growth propelled by Urban migration and government initiatives.
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The Vietnam agricultural machinery market was valued at USD 384.98 Million in 2024. The industry is expected to grow at a CAGR of 10.60% during the forecast period of 2025-2034 to attain a valuation of USD 1054.36 Million by 2034.
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In 2024, after two years of growth, there was significant decline in the Vietnamese agricultural product dryer market, when its value decreased by -19.1% to $23M. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $48M. From 2021 to 2024, the growth of the market remained at a somewhat lower figure.
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In Vietnam Agricultural Commodity Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,
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The report covers Vietnam Agricultural Machinery Market Revenue, Covid-19 Impact Vietnam Agricultural Machinery Market, Vietnam Tractors Market Future.
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The Vietnamese agricultural testing services market is experiencing robust growth, driven by increasing government investment in agricultural modernization, rising consumer demand for safe and high-quality food products, and a growing awareness of food safety regulations. The market's expansion is further fueled by the intensification of agricultural practices, necessitating more sophisticated testing methodologies to ensure optimal yields and product quality. While precise figures are unavailable, a reasonable estimate, considering the global CAGR and Vietnam's agricultural sector growth, suggests the market size in 2025 to be around $150 million USD. This is projected to grow at a CAGR of 8% from 2025-2033, reaching approximately $290 million USD by 2033. Key market segments include soil testing, water testing, pesticide residue analysis, and food safety testing. The demand for these services is highest in the Mekong Delta region, which is a significant agricultural hub. However, challenges such as limited access to advanced technology in some rural areas and a shortage of skilled technicians pose potential restraints on market growth. Government initiatives aimed at improving agricultural productivity and quality control are expected to significantly impact the market's trajectory. These initiatives, coupled with the growing adoption of technology in testing methodologies, such as the use of mobile labs and advanced analytical techniques, will contribute to the market's expansion. Further investment in training and development programs for agricultural technicians will address the skill gap, improving the efficiency and accuracy of testing services. Companies both globally and within Vietnam are actively expanding their service offerings to cater to the rising demand, fostering competition and innovation within the sector. This competitive landscape is likely to drive further market growth and improve the overall quality and affordability of agricultural testing services in Vietnam.
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Vietnam Agricultural Machinery Market size was valued at USD 2.7 Billion in 2024 and is expected to reach USD 4.7 Billion by 2032, growing at a CAGR of 7.2% from 2026 to 2032.
Key Market Drivers:
Government Agricultural Modernization Initiatives: Government agriculture modernization programs will propel the Vietnamese agriculture Machinery Market.
Rising Agricultural Export Aspirations: Rising agricultural export expectations would propel the Vietnam Agricultural Machinery Market. Vietnam's Ministry of Agriculture and Rural Development aims to expand agricultural exports to $50 billion by 2025, up from $41.16 billion in 2020.
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The Vietnam agriculture market was valued at USD 69.80 Million in 2024. The industry is expected to grow at a CAGR of 3.50% during the forecast period of 2025-2034. Rural e-commerce platforms are expanding, bringing farmers directly to consumers and input providers, while cutting down on middlemen costs overall. This has widely improved profit margins along with the entire agricultural value chain in Vietnam. In turn, all these factors have resulted in the market attaining a valuation of USD 98.46 Million by 2034.