Based on the data, the sold production of pesticides and other agrochemical products in Italy has experienced significant fluctuations from 2013 to 2023. After reaching a low in 2016, there was a substantial uptrend, peaking notably in 2020 with a 39.6% increase. However, annual variations have been unpredictable, showing declines in years like 2016 and 2021. As of 2023, the value stood at 664.37 million Euros. The Compound Annual Growth Rate (CAGR) over the last five years showed a robust growth at 7.19%.
Future projections suggest a steadier increase in production values, with the forecasted CAGR for the next five years at 1.55%, resulting in a gradual rise to 732.43 million Euros by 2028. Key trends to watch include technological advancements in agrochemical formulations, regulatory changes, and shifts in agricultural practices towards sustainability.
