Vietnam Fertilizers Market Forecasted to Expand at 4.31% CAGR by 2028
Growth in research and development activities is expected to drive the Vietnam Fertilizers Market growth in the forecast period, 2024-2028. According to TechSci Research report, “ Vietnam Fertilizers Market – By Region, Competition, Forecast and Opportunities, 2018-2028F ”, the Vietnam Fertilizers Market stood at 5.14 MMT in 2022 and is anticipated to grow with a CAGR of 4.31% in the forecast period, 2023-2028. The initiatives taken by government based on fertilizers has led to favorable market conditions for the Vietnam Fertilizers Market. Several factors contribute to the growth of various fertilizers market products. The government has introduced comprehensive measures to ensure the governance of fertilizer quality, recognizing its critical role in ensuring food security for the nation. It understands that the prevalence of low-quality fertilizers not only inhibits agricultural productivity but also poses a significant risk to the health of both people and the environment. In ...