The forecasted import of fungicides to the US from 2024 to 2028 shows a consistent upward trend in volume, starting at 43.016 million kilograms in 2024 and reaching 45.649 million kilograms by 2028. For reference, in 2023, the volume stood at about 42 million kilograms. This reflects year-on-year increases ranging from approximately 1.6% to 1.8%. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at around 1.5%.
Future trends to watch for:
- Potential changes in agricultural practices influencing fungicide demand.
- Environmental regulations impacting import quantities.
- Advancements in alternative pest management solutions.
