Between 2013 and 2023, Spain's pesticides and other agrochemical products market showed considerable fluctuations, reaching 1117.2 million Euros in 2023. The period saw substantial growth in 2015 and 2016 with year-on-year variations of 11.92% and 27.36% respectively. However, declines followed in 2017 and 2018. Recent years exhibited stabilization with moderate annual growth around 1%. The Compound Annual Growth Rate (CAGR) for the past five years was 0.81%.
From 2024 onwards, forecasted values show a continued steady increase, reaching 1153.1 million Euros by 2028, with an estimated five-year CAGR of 0.5%, and an overall growth rate of 2.53% over the forecast period. Future trends to monitor include advancements in sustainable agriculture, regulatory impacts, and technological innovations in agrochemical formulations.
