USD 7.7 billion
Report ID:
SQMIG15A2268 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Home and Garden Pesticides Market size was valued at USD 7.7 billion in 2021 and is poised to grow from USD 8.15 billion in 2022 to USD 12.9 billion by 2030, at a CAGR of 5.9% during the forecast period (2023-2030).
A number of companies are releasing new products, such as BASF's Renestra insecticides, that have various modes of action and control a wide variety of insects. It will allow farmers to control a wide range of insect pests, including soybean aphids. A premium innovation, Mortein Smart, was also introduced. The product automatically toggles between extreme and normal settings. Furthermore, according to Bonnie Plants, during the COVID-19 outbreak, over 20 million Americans planted a vegetable garden for the first time, showing that the demand for home and garden insecticides is rapidly rising in North America.
Furthermore, according to the Horticultural Trade Association, the number of gardeners climbed by three million last year, with more than half of those under 45. During the lockdown, plant searches outnumbered clothing searches, and Google searches related to gardening increased from May 2020 to May 2021. Furthermore, the growing popularity of Do-It-Yourself (DIY) gardening activities contributes to the market for home and garden pesticides. Gardening as a hobby is especially popular among Americans and Europeans, with a record number of children taking up the hobby. During the forecast period, this is also projected to be one of the primary drivers driving the market for home and garden pesticides. Furthermore, according to the Financial Times blog in September 2020, gardening was the next most popular activity during the COVID-19 lockdown in 2020, with the first being watching TV.
US Home and Garden Pesticides Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 7.7 billion
Largest Segment
Garden
Fastest Growth
Garden
Growth Rate
5.9% CAGR
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The global home and garden pesticides market is segmented based on type, application and region. In terms of type, the market is segmented into herbicides, insecticides, fungicides, and fumigants. With respect to application, the market is segmented into garden, and household. Based on region the global home and garden pesticides market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Global Home And Garden Pesticides Market Analysis by Type
In 2022, the herbicides category led the home and garden pesticides market, accounting for more than 43.8% of total sales. Because of the increased adoption of landscaping among households, the growing popularity of Do-It-Yourself (DIY) gardening activities is also increasing demand for home and garden pesticides. Herbicides are products that destroy unwanted plants in the same way as pesticides kill pests. Herbicides are frequently used to remove weeds or clear brush from a site. Herbicides come in both synthetic and organic varieties.
These should be treated with utmost caution, regardless of the type. Furthermore, increased demand for hardscaping is expected to boost the overall growth of the market for home and garden pesticides. Hardscaping is becoming more popular as the demand for asphalt blocks and concrete stamped plank pavers made of natural stones and porcelain grows. These chemicals aid in the prevention of runoff and flooding. The insecticides market is expected to grow at the fastest rate during the projected period.
Global Home And Garden Pesticides Market Analysis by Application
In 2022, the garden application sector dominated the market for home and garden pesticides, with a revenue share of more than 78.9%. The outbreak increased the popularity of backyard gardening. According to several of these new growers, the lockdown gave them more time and energy to devote to their new hobby of cultivation. The National Allotment Society reported a surge in the number of people signing up for plots on their local council's waiting lists during the lockdown, suggesting that this is a rural as well as an urban trend.
Restaurants and small eateries, such as outside cafes, are popular venues for social gatherings and plant displays. This also allows for market expansion. A number of projects are also in the works to encourage planting initiatives in public spaces such as transport terminals, streets and lanes. The optimal time to use an insecticide on an overcast day with cool temperatures is when the soil is generally dry and no rain is expected. Never apply pesticide while there is wind to avoid chemicals floating to non-target areas.
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North America has the biggest revenue contribution in the home and garden pesticides market when compared to other regions, owing to increased usage of home and garden pesticides. Pesticides are widely utilized in developing countries, and demand for pesticides is increasing as a result of the current food production system, which prioritizes high agricultural yields. Furthermore, the increasing use of home and garden pesticides by consumers in the United States, Canada, and the rest of North America, among others, is predicted to drive demand for home and garden pesticides.
Asia Pacific is anticipated to grow the most in the next few years. This can be attributed to the growing popularity of gardening as well as a higher standard of living. In addition, the growing real estate sector has paved the way for a surge in residential construction endeavors. Furthermore, the increasing severity of health issues caused by insects is propelling market growth.
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Global Home And Garden Pesticides Market Drivers
Increasing Demand for Pest Control Solutions
Global Home And Garden Pesticides Market Restraints
Environmental and Health Concerns
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The home and garden pesticides market is highly competitive in nature, with numerous players operating at both the global and regional levels. These companies operate across different segments of the home and garden pesticides market, including insecticides, herbicides, fungicides, and rodenticides. They compete on the basis of product quality, brand recognition, price, and distribution network. In recent years, there has been a growing trend towards the use of natural and organic pesticides, and some players have responded to this trend by expanding their product portfolios to include more eco-friendly options.
Top Player’s Company Profiles in Global Home And Garden Pesticides Market
Global Home And Garden Pesticides Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global home and garden pesticides market analysis, we found that the Home and Garden Pesticides market is the home and garden pesticides market is driven by the growing demand for pest control solutions due to the rise in pest-related health concerns and property damage caused by pests. Integrated pest management is a sustainable approach to pest control that involves using a combination of methods, including biological control, habitat modification, and the use of pesticides as a last resort. The adoption of IPM is increasing in the home and garden pesticides market, as consumers and professionals seek to reduce the reliance on chemical pesticides.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.7 billion |
Market size value in 2031 | USD 12.9 billion |
Growth Rate | 5.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Home and Garden Pesticides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Home and Garden Pesticides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Home and Garden Pesticides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Home and Garden Pesticides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2268
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