In 2023, the production of animal or vegetable fertilizers in Belgium stood at 1.084 billion kilograms. The forecasted data for 2024 is 1.1404 billion kilograms, increasing to 1.3499 billion kilograms by 2028. The year-on-year variations indicate a steady growth trajectory: from 5.18% in 2024, 4.66% in 2025, 4.41% in 2026, 4.18% in 2027, to 3.97% in 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 4.48%.
Future trends to watch for include:
- Adoption of sustainable farming practices
- Technological advancements in fertilizer production
- Regulatory changes affecting the agricultural sector
- Market demand for organic and eco-friendly fertilizers
