From 2013 to 2023, the market for rodenticides and other plant protection products in Portugal experienced various shifts, reaching a market size value of 17.441 Million Euros in 2023. The initial period from 2013 to 2016 saw steady growth, with the market peaking in 2016. However, a declining trend started in 2017 and continued until 2019. From 2020 onwards, the market stabilized with modest year-on-year increases. The last two years (2022-2023) saw minor year-on-year growth, indicating stabilization, with a five-year CAGR about 0.23% showing minimal overall annual change.
Future trends to watch for include potential impacts of regulatory changes on the use of chemical-based plant protection products, advancements in bio-based alternatives, and shifts in agricultural practices due to climate change, which might drive innovation and redefine market dynamics in the forthcoming years.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 46,178,000 | 2023 | +1.33% | -2.39% | View data |
| 2 | 2 Spain | 33,382,000 | 2023 | -3.13% | -4.85% | View data |
| 3 | 3 Greece | 23,035,000 | 2023 | +4.33% | +3.41% | View data |
| 4 | 4 Sweden | 17,516,000 | 2023 | +3.56% | +4.67% | View data |
| 5 | 5 Portugal | 17,441,000 | 2023 | +0.63% | +0.23% | |
| 6 | 6 Austria | 6,426,900 | 2023 | -2.73% | -3.85% | View data |
