Market Size of Hungary Crop Protection Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hungary Crop Protection Chemicals Market Analysis
Hungary Crop Protection Chemicals Market is projected to grow at a CAGR of 8.7% during the forecast period (2020-2025). The crop protection chemical industry in the region has been transforming over the years, with robust growth, coupled with changing crop mix trends, and environmental regulations. Growing population, declining arable land, food security, and the need for augmented agricultural productivity are the significant factors, which are driving the demand for higher agricultural output, thus augmenting the growth of the pesticide industry in Hungary. Increasing R&D costs and the ban on certain pesticides are some of the vital factors, which act as restraints to the market.
