Insecticide sales in Turkey have experienced fluctuating trends between 2016 and 2023. Recordings show a peak in 2020 with 14.457 million kilograms, followed by a decline and stabilization. In 2023, the sales stood at 12.76 million kilograms, signaling a small decrease from the previous year. Year-on-year variations reveal significant shifts, such as a decrease of 17.17% in 2021 followed by an 8.5% increase in 2022.
Looking towards the future, forecasts indicate a gradual decline in sales volume, with the market expected to decrease to 11.629 million kilograms by 2028. The projected compound annual growth rate (CAGR) from 2024 to 2028 is -1.48%, with an overall negative growth rate of -7.19%.
Future trends to watch for include advancements in pest management technologies, regulatory changes, and shifts in agriculture practices. Also, the impact of environmental policies and consumer preferences for sustainable solutions could significantly influence the market dynamics.
