Forecast: Employment in Agrochemicals and Pesticide Sector in Austria

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.

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