From an initial value of 34 kilograms in 2013, sales of other acaricides in Belgium surged to 1,160 kilograms in 2023. This represented a year-on-year increase of 29.87% in 2023 and a CAGR of 6.84% over the last five years. The market experienced significant fluctuations, such as a drastic -68.68% drop in 2020. However, it rebounded strongly with a 150.42% increase in 2022.
Forecasting into the future, sales are expected to steadily increase, reaching 1,730 kilograms by 2028, reflecting a forecasted 5-year CAGR of 6.22% and a total growth rate of 35.21% over that period.
Future trends to watch for include:
• Advancements in acaricide formulations and technologies.
• Increasing regulatory scrutiny and potential changes in legal frameworks.
• Growing awareness and demand for sustainable and environmentally friendly pest control solutions.
