From 2013 to 2023, agricultural pesticides sales in Argentina experienced fluctuations, marked by an overall increasing trend. Sales peaked in 2022 at 344.93 thousand metric tons, before declining by 10.64% in 2023 to 308.22 thousand metric tons. Over the last five years, the compound annual growth rate (CAGR) averaged 5.13%, indicating steady growth despite the recent dip.
The future outlook from 2024 to 2028 suggests a moderated growth with a forecasted CAGR of 1.17% and an overall growth rate of 5.98% by 2028.
Future trends to watch for:
- Technological advancements in pesticide formulation and application.
- Regulatory changes impacting pesticide usage.
- Market adaptations to sustainable and organic agriculture models.
