Report ID: SQMIG15A2268
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.
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Report ID: SQMIG15A2268