In 2023, sales of insecticides produced by fermentation in the Netherlands stood at 13.5 thousand kilograms. From 2024 to 2028, forecasted sales indicate a consistent upward trend. The year-on-year variations from 2024 to 2028 show a gradual increase of approximately 2.5% annually, projecting future sales of 15.18 thousand kilograms by 2028. The Compound Annual Growth Rate (CAGR) over this five-year period averages to around 2.5%.
Key future trends to watch for include:
- Increasing demand for sustainable agricultural practices.
- Advancements in fermentation technology.
- Potential regulatory changes favoring eco-friendly insecticides.
