The market for pesticides and other agrochemical products in Sweden has shown mixed trends over the past decade. In 2023, the market was valued at 124.93 million Euros. There was an initial peak in 2013, followed by fluctuations with a notable decline until 2018, where the market value hit its lowest of 117.43 million Euros. Since 2019, the market has shown moderate recovery with slight year-on-year increases, leading to a current steady growth trend. The latest two years (2021-2023) experienced minimal increases of about 0.5% annually. Over the last five years, the CAGR of 1.25% indicates a slow upward trend.
Forecast data from 2024 onwards predict continual, but minimal growth with a five-year CAGR of 0.36%; the market value is expected to reach 127.78 million Euros by 2028.
Future trends to watch for include regulatory changes in agrochemical usage, technological advancements in sustainable agriculture, and shifting pest control practices that may impact market dynamics. Monitoring environmental policies and consumer preferences towards organic farming will also be critical in assessing this market's future.
