Fungicide sales in Turkey stood at 21.89 Thousand Metric Tons in 2023. Over the past two years, the sales volume increased by 1.32% in 2022 and 1.28% in 2023. The last five years have seen minor fluctuations with a Compound Annual Growth Rate (CAGR) of -1.02%. Despite slight setbacks in 2019 and 2020, the fungicide market has shown a relatively stable demand with minor year-on-year variations.
Looking ahead to 2028, the forecasted 5-year CAGR is projected at 0.91%, indicating a gradual but steady growth. The forecasted 5-year growth rate stands at 4.64%. Future trends to watch include the impact of emerging agricultural technologies, climate change, and regulatory changes that may affect the demand and usage of fungicides in Turkey.
