From 2013 to 2016, the sold production of insecticides in Sweden stood at zero Euros, indicating negligible or no activity in this sector during these years. A dramatic shift occurred in 2018 with a sudden surge to €6,912,900. This was followed by a decrease in 2020 by 9.83%, but the market recovered modestly in subsequent years. By 2023, the value of sold production reached €5,848,300, reflecting a marginal year-on-year increase of 0.97% from 2022. The compound annual growth rate (CAGR) over the last five years was -3.29%, suggesting a downward trend from the peak in 2018.
Moving forward, the forecast indicates a steady yet modest increase in the value of sold production of insecticides, with a CAGR of 0.72% projected through 2028. The total forecasted growth rate over the next five years is expected to be 3.66%.
Future trends to watch for include advancements in eco-friendly and sustainable insecticide solutions, shifts in regulatory policies, and potential increases in demand due to climate change impacts on pest populations. Monitoring these factors will be critical to understanding the future trajectory of the insecticides market in Sweden.
