In 2023, Germany and France lead European herbicide production, valued at 923.34 and 680.89 million euros respectively. Germany grew by 2.15%, while France saw a slight drop of 0.77%. Italy experienced a modest increase of 0.87%. Meanwhile, Poland and Portugal showed strong growth with 3.03% and 6.28% respectively. However, Belgium and Spain faced declines of 5.91% and 2.3%. Smaller markets, like Serbia and Denmark, recorded notable growths of 4.49% and 3.34%, while Hungary and Romania remained relatively stable.
Future trends to watch include:
- Persistent growth in Eastern European markets like Poland and Serbia, driven by agricultural expansion and favorable policies.
- Potential for innovation-driven productivity in Germany and France as they aim to strengthen competitive advantages.
- Portugal's significant growth indicates potential for emerging players in Western Europe to gain larger market shares.
- Monitoring evolving environmental regulations across Europe which may impact production dynamics.
Top countries in Sold Production of Herbicides by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 923,340,000 | 2023 | +5.77% | +2.15% | View data |
| 2 | 2 France | 680,890,000 | 2023 | +1.42% | -0.77% | View data |
| 3 | 3 Italy | 141,050,000 | 2023 | +0.45% | +0.87% | View data |
| 4 | 4 Poland | 80,212,000 | 2023 | +3.36% | +3.03% | View data |
| 5 | 5 Spain | 64,512,000 | 2023 | -2.95% | -2.3% | View data |
| 6 | 6 Belgium | 63,954,000 | 2023 | +27.27% | -5.91% | View data |
| 7 | 7 Portugal | 62,577,000 | 2023 | +2.31% | +6.28% | View data |
| 8 | 8 Denmark | 42,142,000 | 2023 | +4.33% | +3.34% | View data |
| 9 | 9 Serbia | 38,722,000 | 2023 | +5.1% | +4.49% | View data |
| 10 | 10 Hungary | 7,586,800 | 2023 | +5.9% | +2.08% | View data |
