From 2013 to 2023, the production value of pesticides in the Netherlands exhibited fluctuations, starting at 395.01 million euros in 2013, decreasing marginally in some years, and peaking at 411.56 million euros in 2022 before slightly declining to 406.92 million euros in 2023. Notably, 2022 saw a significant year-on-year increase of 8.76%, while 2023 experienced a minor decline of 1.13%. The compound annual growth rate (CAGR) over the last five years stood at 1.9%.
Future projections from 2024 to 2028 show a steady rise in the production value, reaching 421.56 million euros by 2028, with an anticipated 5-year CAGR of 0.56%. The cumulative forecasted growth rate over this period is expected to be 2.83%.
Trends to watch for in the future include:
- Potential regulatory changes impacting pesticide production and use.
- Technological advancements in sustainable agriculture that could alter production dynamics.
- Shifts in global demand and export opportunities for pesticides.
