The production of rodenticides and other plant protection products in Italy experienced significant fluctuations from 2013 to 2023. After a modest decline from 2013 to 2014, the market saw substantial growth, peaking in 2018. However, a sharp decline occurred in 2019, followed by recovery variability, and the value stood at €30.335 million in 2023. Year-on-year growth over the last two years was 44.97% in 2022, but slowed down to 3.72% in 2023. Over the past five years, the CAGR was -11.62%, impacted by the volatility in 2019 and consistent recovery efforts thereafter.
Future trends to watch for include:
- Continuous albeit modest growth from 2024 to 2028 with a forecasted CAGR of 2.54%.
- Emphasis on sustainable and eco-friendly products driven by regulatory changes and consumer preferences.
- Potential impact of climate change on production and demand variability.