From 2012 to 2022, the herbicides market in Finland exhibited fluctuating values with an early peak in 2015 and a noticeable decline thereafter. Between 2012 and 2015, the market size value grew consistently. However, from 2016 onwards, the market experienced volatility with significant drops, especially in 2019. Despite a resurgence in 2020, the market value decreased again in the following years, stabilizing around 37 million Euros in 2022. Over the last two years (2021-2022), the market saw fluctuations with minor year-on-year negative variations. The last five-year CAGR was minimal, indicating a close-to-flat growth trend.
Future trends to watch include the potential impacts of regulatory changes, technological advancements in herbicide formulations, and evolving agricultural practices. There could be a shift towards more environmentally-friendly and sustainable herbicide options, influenced by consumer demand and stricter environmental policies.
How does Finland rank in Herbicides Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 438,120,000 | 2023 | +1.05% | +3.91% | View data |
| 2 | 2 Poland | 295,000,000 | 2023 | +0.81% | -1.01% | View data |
| 3 | 3 Romania | 265,050,000 | 2023 | +6.21% | +1.13% | View data |
| 4 | 4 Italy | 203,000,000 | 2023 | -9.01% | -6.52% | View data |
| 5 | 5 Bulgaria | 132,150,000 | 2023 | +3.13% | +3.05% | View data |
| 7 | 7 Portugal | 55,558,000 | 2023 | +1.31% | +1.67% | View data |
| 8 | 8 Croatia | 43,458,000 | 2023 | +0.93% | +0.17% | View data |
| 9 | 9 Finland | 38,609,000 | 2023 | -0.98% | -0.49% | |
