The sold production of insecticides in France experienced significant fluctuations from 2013 to 2023. After a high in 2014, with a 9.41% increase from the previous year, production saw a general decline, hitting a notable low with a 26.71% drop in 2022. The production value for 2023 stood at 244.71 Million Euros, slightly decreasing by 0.73% from 2022. The five-year CAGR from 2019 to 2023 was -1.34%, indicating a negative growth trend overall.
Looking ahead to the forecasted period, production is expected to continue its gradual decline. The forecasted value for 2028 is 235.94 Million Euros, with a forecasted five-year CAGR of -0.58% and an overall reduction of 2.87% over this period. These projections suggest a persistent downward trend in the sold production value of insecticides.
Future trends to watch for include:
- The impact of environmental policies and regulations on insecticide production and use.
- Technological advancements and the introduction of bio-insecticides.
- Changing agricultural practices and pest management strategies.
- Market demand fluctuations in response to public awareness and preferences regarding chemical usage in agriculture.
