The forecast for insecticide sales in Japan indicates a declining trend from 2024 to 2028. The sales volume is projected to decrease from 13.76 thousand metric tons in 2024 to 11.53 thousand metric tons by 2028. Comparing 2023 actual sales data, the year-on-year variation shows a consistent decline over the following years. Specifically:
• 2024 vs. 2023: A marginal decrease
• 2025 vs. 2024: A decline of 4.15%
• 2026 vs. 2025: A drop of 4.24%
• 2027 vs. 2026: A reduction of 4.35%
• 2028 vs. 2027: A decrease of 4.56%
The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 will average around -4.32% per year.
Looking ahead, critical future trends to monitor include technological advancements in pest control, shifts in agricultural practices, regulatory changes, and consumer preference for organic or bio-based insecticides. These factors could impact both the volume and sales dynamics in the insecticides market in Japan.
