In 2023, the sold production of herbicides based on amides in France stood at 160 million euros. From 2024 to 2028, a steady annual decline is forecasted, with values decreasing from 138.53 million euros in 2024 to 51.266 million euros in 2028. This trend indicates substantial annual decreases, particularly noticeable between 2025 and 2028, reflecting a Compound Annual Growth Rate (CAGR) that highlights the progressive reduction in production value over this period.
Future trends to watch for include:
- The impact of regulatory changes on herbicide formulations
- Increased emphasis on sustainable agriculture potentially affecting demand
- Technological innovations that may alter production efficiencies or introduce alternatives
- Economic factors influencing market conditions in EU agricultural sectors