The production value of pesticides in Spain stood at €1,510 million in 2023, showing a steady year-on-year growth of 4.11%. From 2013 to 2023, the industry experienced fluctuations in growth rates with notable accelerations in 2014 and 2020, and a stable CAGR of 5.64% over the past 5 years. Forecasts indicate moderate growth ahead, with a 5-year CAGR of 1.54%, reaching €1,680 million by 2028, and a forecasted 5-year growth rate of 7.93%.
Future trends to watch for:
- Environmental regulations influencing production patterns.
- Advancements in pesticide technology and organic alternatives.
- Market dynamics affected by climate change and agricultural practices.
- Domestic and international market demands.
