The production of pesticides in Sweden has seen fluctuating trends over the last decade, featuring both growth and decline. Between 2013 and 2017, there was a general upward trajectory despite a slight downturn in 2016. The period from 2018 to 2020 exhibited volatility with a significant dip in 2018 but a recovery by 2020. From 2021 to 2023, the market demonstrated strong growth, particularly in 2021 and 2022, before experiencing a minor decline in 2023. In 2023, the production of pesticides stood at 121.84 million euros. The Compound Annual Growth Rate (CAGR) over the past five years was 5.39%.
Key future trends to watch for in the pesticides production market in Sweden include:
- Technological advancements in pesticide formulation and application methods
- Shifts towards organic and eco-friendly products driven by regulatory changes and consumer preferences
- Impact of climate change on agricultural practices and, subsequently, on pesticide demand
