Sales of Dinitroaniline fungicides in Belgium showed substantial fluctuation between 2013 and 2023, standing at 29.3 thousand kilograms in 2023. Over this period, variations ranged from significant growths, such as a 54.98% increase in 2015, to sharp decreases, like the -58.95% drop in 2019. The most recent five-year compound annual growth rate (CAGR) was -6.81%, indicating an overall decline.
For the future, sales are projected to continue decreasing with a forecasted 5-year CAGR of -1.58%, leading to a decline of 7.64% by 2028. This suggests a challenging market ahead.
Future trends to watch for:
- Increased regulatory scrutiny on fungicides
- Adoption of alternative, eco-friendly plant protection solutions
- Rising input costs affecting profitability and sales volumes
