Forecast: Pesticide and Other Agricultural Chemical Manufacturing Industry Gross Output in the US

In 2023, the Pesticide and Other Agricultural Chemical Manufacturing industry's gross output in the US was $16.47 billion. The forecasted increase from 2024 to 2028 reflects a steady annual growth, with year-on-year percentage changes: 1.08% (2024: $16.64 billion), 1.08% (2025: $16.82 billion), 1.07% (2026: $17.00 billion), 1.00% (2027: $17.17 billion), and 0.99% (2028: $17.34 billion). A Compound Annual Growth Rate (CAGR) of approximately 0.99% from 2024 to 2028 indicates a stable yet modest expansion.

Future trends to watch include:

  • Increasing regulatory pressures that may impact manufacturing costs.
  • Technological advancements in sustainable and eco-friendly pesticides.
  • Potential market expansions driven by global agricultural demands.
  • The influence of consumer preference shifts towards organic and non-GMO products.

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