The herbicides market in Bulgaria saw fluctuations with an overall declining trend from 2013 to 2018, stabilizing from 2019 onwards. In 2023, the market size reached €17.068 million. Year-on-year variations show a volatile journey: major declines in 2015 and 2017 contrasted with positive growth from 2019. The CAGR over the last five years indicates an average annual growth rate of 2.67% from 2018 to 2023.
Future trends to watch:
- Emergence of eco-friendly herbicide alternatives.
- Rising regulatory pressures impacting traditional herbicide usage.
- Continuous technological advancements in precision farming.
