From 2013 to 2023, the herbicides market in Portugal showed notable fluctuations, with a market size of 55.558 million Euros in 2023. The market saw significant growth in 2020, marked by an 11.31% increase, but experienced minor declines in 2014 and 2021. The compound annual growth rate (CAGR) over the last five years was 1.67%, indicating modest growth.
- 2022-2023: A steady rise of 1.31%.
- 2021-2022: A minimal increase of 1.34% after a dip.
Future trends to watch for include the impact of environmental regulations and shifts towards sustainable farming practices, which could affect demand and innovation within the herbicides market. Additionally, climate change and agricultural policies may play pivotal roles in shaping future market dynamics.
How does Portugal rank in Herbicides Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 438,120,000 | 2023 | +1.05% | +3.91% | View data |
| 2 | 2 Poland | 295,000,000 | 2023 | +0.81% | -1.01% | View data |
| 3 | 3 Romania | 265,050,000 | 2023 | +6.21% | +1.13% | View data |
| 4 | 4 Italy | 203,000,000 | 2023 | -9.01% | -6.52% | View data |
| 5 | 5 Bulgaria | 132,150,000 | 2023 | +3.13% | +3.05% | View data |
| 6 | 6 Czech Republic | 129,560,000 | 2023 | +0.9% | +1.35% | View data |
| 7 | 7 Portugal | 55,558,000 | 2023 | +1.31% | +1.67% | |
| 8 | 8 Croatia | 43,458,000 | 2023 | +0.93% | +0.17% | View data |
| 9 | 9 Finland | 38,609,000 | 2023 | -0.98% | -0.49% | View data |
