In 2023, Germany led Europe's herbicide production share with 43.65%, followed by France at 32.19%. Italy, Poland, and Spain maintained moderate shares, while countries like Belgium and Portugal had smaller contributions. Germany showed a 2.15% growth, offsetting France's 0.77% decline. Notably, Portugal and Denmark experienced significant increases, at 6.28% and 3.34% respectively. Romania saw the smallest share with a 0.15% dip.
Future trends to watch include:
- Potential market consolidation among larger players like Germany and France.
- Growth opportunities in Eastern Europe as countries like Poland continue to expand.
- Environmental regulations possibly impacting production and innovation in herbicides.
Top countries in Sold Production of Herbicides Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.65 | 2023 | +5.77% | +2.15% | View data |
| 2 | 2 France | 32.19 | 2023 | +1.42% | -0.77% | View data |
| 3 | 3 Italy | 6.67 | 2023 | +0.45% | +0.87% | View data |
| 4 | 4 Poland | 3.79 | 2023 | +3.36% | +3.03% | View data |
| 5 | 5 Spain | 3.05 | 2023 | -2.95% | -2.3% | View data |
| 6 | 6 Belgium | 3.02 | 2023 | +27.27% | -5.91% | View data |
| 7 | 7 Portugal | 2.96 | 2023 | +2.31% | +6.28% | View data |
| 8 | 8 Denmark | 1.99 | 2023 | +4.33% | +3.34% | View data |
| 9 | 9 Serbia | 1.83 | 2023 | +5.1% | +4.49% | View data |
| 10 | 10 Hungary | 0.36 | 2023 | +5.9% | +2.08% | View data |
