In 2023, the pesticide turnover in Sweden stood at 10.6 million Euros. Forecasts for 2024 indicate a turnover of 10.7 million Euros, maintaining this value in 2025 and 2026. From 2027 onwards, the turnover is expected to experience a slight increase, reaching 10.8 million Euros in both 2027 and 2028. This demonstrates a stabilized growth trend with minimal variation.
Key Observations:
- The year-on-year variation from 2023 to 2024 is 0.94%.
- The year-on-year variation remains flat at 0% from 2024 to 2026.
- From 2026 to 2027, the variation is 0.93%, followed by 0% from 2027 to 2028.
- The cumulative average growth rate (CAGR) over the last five years (2023-2028) stands at approximately 0.38% per year.
Future trends to watch for:
- Potential regulatory changes impacting pesticide usage and environmental guidelines.
- Advances in organic and bio-pesticides influencing market dynamics.
- Economic factors like agricultural productivity and sectoral investments.
