Pesticide sales in Argentina, measured in kilograms per unit of agricultural land, showed a varying trend from 2013 to 2023. Annual growth rates fluctuated, with significant increases in certain years, notably 13.12% in 2017 and 16.73% in 2020, followed by periods of decline, such as -11.6% in 2018. The CAGR over the last five years from 2018 to 2023 stood at 6.09%, indicating a moderate positive trend. In 2023, the value rose again by 2.77%, landing at 2.97 kilograms per unit of land. Future projections for 2024 to 2028 anticipate continued growth, albeit at a slower pace, with a forecasted 5-year CAGR of 1.95% and an overall growth rate of 10.16% by 2028.
Future trends to watch include:
- Adoption of sustainable agricultural practices, which may influence pesticide usage.
- Regulatory changes impacting the availability and types of pesticides.
- Technological advancements in pest management that could either reduce or enhance the need for traditional pesticides.
