The projected turnover in the agrochemicals and pesticide sector in Belgium is expected to grow consistently from €1.24 billion in 2024 to €1.63 billion in 2028. This equates to year-on-year growth rates of approximately 8.06%, 7.46%, 6.94%, and 5.84% from 2024 to 2028, respectively. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) stands at around 7.28%.
Looking forward, increased focus on sustainable agriculture practices could drive innovation and investment in eco-friendly agricultural inputs. Regulatory changes and advancements in biotechnology and precision agriculture are also anticipated to impact sector dynamics significantly.
