The forecasted sales of herbicides in Norway from 2024 onwards show a steady decline. In 2024, the sales are predicted to be 393.09 thousand kilograms, decreasing to 317.86 thousand kilograms by 2028. Compared to 2023, the herbicide market has been contracting.
Year-on-year percentage variations highlight a declining trend. From 2024 to 2025, there is a reduction of approximately 4.9%. This decline continues with 5.05% from 2025 to 2026, 5.27% from 2026 to 2027, and 5.53% from 2027 to 2028. Over the last five years, the Compound Annual Growth Rate (CAGR) reflects an average decline of around 5.26% per year.
Future trends to watch for include regulatory changes impacting the use of herbicides, advancements in alternative weed control technologies, and shifting farmer preferences towards organic and sustainable farming practices. These factors may further influence herbicide sales in the coming years.
