The sales volume of Organophosphorus insecticides in Belgium peaked in 2015, followed by a substantial decline, dropping from 84.54 thousand kilograms to 5.9 thousand kilograms by 2021. A modest recovery observed in 2022 and 2023 saw volumes increase to 13.28 thousand kilograms and 13.57 thousand kilograms respectively. Despite this, the recent five-year compound annual growth rate (CAGR) hovered around -18.93%. The projection for the next five years indicates a continued decline, with a forecasted CAGR of -5.43% and a forecasted growth rate of -24.36% by 2028. Organophosphorus insecticide sales in 2023 stood at 13.57 thousand kilograms.
Future trends to watch include regulatory changes affecting pesticide usage, potential advancements in alternative pest control methods, and shifts in agricultural practices towards more sustainable solutions. Monitoring these factors will be crucial for anticipating future market dynamics.
