The herbicides market in Italy experienced peaks and troughs from 2012 to 2022. Starting with a market value of 251.93 million euros in 2012, the market saw significant growth up to 383.55 million euros in 2014, driven by notable year-on-year increases, with the highest at 31.01% in 2013. Following 2014, there was a slight decline and subsequent fluctuation, with market values generally decreasing from 2016 onward. The most substantial drop occurred in 2018, with a year-on-year decline of 20.38%, bringing the market to 284.36 million euros. By 2022, the market value slightly recovered to 246.99 million euros. The compound annual growth rate (CAGR) over the last five years stood at -7.11%, indicating a downward trend.
Looking ahead, the focus should be on emerging trends in sustainable and organic farming practices, regulatory changes affecting herbicide usage, and innovations in bio-herbicides. Monitoring these factors will be critical for future market projections and strategic planning.
How does Italy rank in Herbicides Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 438,120,000 | 2023 | +1.05% | +3.91% | View data |
| 2 | 2 Poland | 295,000,000 | 2023 | +0.81% | -1.01% | View data |
| 3 | 3 Romania | 265,050,000 | 2023 | +6.21% | +1.13% | View data |
| 4 | 4 Italy | 203,000,000 | 2023 | -9.01% | -6.52% | |
| 5 | 5 Bulgaria | 132,150,000 | 2023 | +3.13% | +3.05% | View data |
| 6 | 6 Czech Republic | 129,560,000 | 2023 | +0.9% | +1.35% | View data |
