The herbicides market size in Romania experienced fluctuations in value from 2013 to 2023. In 2023, the market stood at 265.05 Million Euros. Over the past decade, there were notable increases in 2015, 2017, and 2018, while declines were registered in 2019 and 2020. The last five years showed a modest average growth rate with a compound annual growth rate (CAGR) of 1.13%. Year-on-year, 2023 witnessed a 6.21% growth. The market's resilience is evident despite significant dips, indicating potential for gradual recovery.
- Watch for trends in sustainable agriculture practices influencing herbicide demand.
- Consider regulatory changes related to chemical use impacting market dynamics.
- Monitor technological advancements in precision farming as a growth driver.
How does Romania 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% | |
| 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 |
