The sold production of fungicides in Spain peaked in 2017 at 760.16 million Euros, marking a significant growth period from 2013 to 2017, with notable year-on-year variations such as a 39.91% increase in 2016. However, from 2018 onwards, a downward trend set in, highlighted by severe drops in 2021 (-72.7%) and subsequent years. By 2023, the value stood at 155.6 million Euros, reflecting a steep decline. The last five years show an average annual decrease (CAGR) of -26.15%. By 2028, the forecast suggests a further contraction with a five-year CAGR of -9.08% and overall growth rate of -37.87%.
Future trends to watch for include the evolving regulatory environment, shifts towards sustainable and organic farming practices, and advancements in biopesticides that could influence the demand for traditional fungicides.
