The agrochemicals and pesticide sector in Austria has shown fluctuating employment numbers from 2013 to 2023. In 2023, the number of employees stood at 401, reflecting a year-on-year increase of 0.75%. Notable fluctuations occurred over the years, with a significant decline in 2017 by 6.7%, followed by a recovery trend. The compound annual growth rate (CAGR) over the last five years was 1.9%, indicating moderate growth.
Looking ahead from 2024 to 2028, the sector is expected to continue its modest upward trend. The forecasted 5-year CAGR stands at 0.39%, with an overall growth rate of 1.98% projected by 2028, suggesting stable but slow growth.
Future trends to watch for:
- Technological advancements in agrochemicals and pesticides might drive changes in labor demand.
- Regulatory changes and environmental concerns could influence employment trends.
- Global market shifts and economic factors will likely impact sector stability and growth.
- Rising focus on sustainable agriculture may alter job roles and numbers.