The sales of Pyrazole (phenyl-) insecticides in Belgium have shown various trends over the past decade. Actual values from 2013 to 2023 have depicted fluctuations. A significant rise occurred from 2013 to 2018, peaking at 1620 kilograms, followed by a drop and recovery, standing at 1560 kilograms in 2023. The year-on-year increase in 2023 was 6.61%. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was -0.65%, revealing a decline in the growth rate.
Forecasted data from 2024 to 2028 suggests steady growth, with the 2028 forecast standing at 1740 kilograms. The forecasted average growth rate per year (CAGR) over the next five years is anticipated to be 1.64%, with an overall increase of 8.47% up to 2028.
Trends to watch for include:
- Potential market saturation, requiring innovation for further growth.
- Regulatory changes impacting the use of insecticides.
- Environmental concerns and shifts toward sustainable alternatives.
- Advancements in pest control technology influencing market demand.
