The Bulgarian pesticides and agrochemical market experienced fluctuations from 2013 to 2023. Noteworthy periods include a 30.07% growth in 2014 and an 11.33% rise in 2017, contrasting declines in 2018 and 2020. The market saw a year-on-year increase of 3.58% in 2023, reaching 177.49 million euros. Over the last five years, the compound annual growth rate (CAGR) was notably negative at -0.34%, indicating subtle contraction.
Future trends to watch include the impact of regulatory changes, environmental initiatives, and innovations in eco-friendly agrochemicals. Attention to sustainable farming practices could reshape market dynamics significantly.
How does Bulgaria rank in Pesticides and Other Agrochemical Products Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,117,200,000 | 2023 | +0.69% | +0.81% | View data |
| 2 | 2 Italy | 859,120,000 | 2023 | +0.32% | +1.21% | View data |
| 3 | 3 Poland | 742,340,000 | 2023 | +3.14% | -1.45% | View data |
| 4 | 4 Romania | 585,130,000 | 2023 | +4.99% | +4.33% | View data |
| 5 | 5 Greece | 384,920,000 | 2023 | +2.56% | +2.12% | View data |
| 6 | 6 Czech Republic | 287,420,000 | 2023 | +5% | +1.91% | View data |
| 7 | 7 Portugal | 208,570,000 | 2023 | +0.74% | +0.87% | View data |
| 8 | 8 Bulgaria | 177,490,000 | 2023 | +3.58% | -0.34% | |
| 9 | 9 Slovakia | 151,000,000 | 2023 | +2.11% | +3.13% | View data |
| 10 | 10 Croatia | 130,040,000 | 2023 | +2.73% | +5.44% | View data |
