Employment in Austria's agrochemicals and pesticide sector displayed notable trends from 2013 to 2023, starting from 348 units in 2013 and reaching 406 units in 2023. The sector experienced a blend of periods with growth and minor declines, with year-on-year variations ranging from -4.55% in 2017 to 6.42% in 2013. The 5-year CAGR from 2018 to 2023 stood at 2.84%, reflecting moderate growth. By 2024, employment is forecasted to continue its upward trajectory, projected to hit 411 units.
Future trends to watch for:
- Continued moderate growth with a 5-year forecast CAGR of 0.77% up to 2028, suggesting steady, albeit slowing, expansion in employment.
- Potential impacts of regulatory changes and technological advancements on the sector’s employment figures.
- Shifts in agricultural practices or environmental policies that may influence the demand for agrochemical products and, consequently, employment numbers.