Forecast: Production in Agrochemicals and Pesticide Sector in France

The agrochemicals and pesticide sector in France has experienced notable growth over the past decade. In 2023, the sector's production value stood at 5.88 billion euros. Historically, this sector showed significant year-on-year variation, peaking with a 44.04% increase in 2017. More recently, growth stabilized, showcasing average annual increases of approximately 4.19% over the past five years. The year-on-year increase for 2022 was 4.56%, and 2023 saw a slight decrease to 4.32%.

Looking forward, the sector is expected to grow at an average annual rate of 2.9% through 2028. By 2028, the sector’s production value is forecasted to reach 7.06 billion euros, representing an overall growth of 15.34% over the next five years.

Future trends to watch for include:

• Increased demand for sustainable agrochemicals and integrated pest management solutions.
• Regulatory changes within the European Union impacting production and innovation.
• The adoption of advanced technologies such as precision agriculture to optimize pesticide use.
• Potential market consolidation driven by mergers and acquisitions among key players.