The forecasted sold production of animal or vegetable fertilizers in Belgium indicates a steady increase from 2024 onwards. Starting at 1.1533 billion kilograms in 2024, this figure is expected to rise to 1.2926 billion kilograms by 2028. Based on year-on-year variations, the percentage increase is approximately 3.06% from 2024 to 2025, 2.95% from 2025 to 2026, 2.82% from 2026 to 2027, and 2.73% from 2027 to 2028. This results in a Compound Annual Growth Rate (CAGR) of approximately 2.89% over the five-year period.
Future trends to watch for:
- Emerging technologies in sustainable agriculture which could impact production efficiency.
- Fluctuations in global demand for organic fertilizers driven by consumer preferences for organic products.
- Regulatory changes and their potential impact on the production and use of animal or vegetable fertilizers.