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Home And Garden Pesticides Market Is Expected to Generate a Revenue of USD 8.8 Billion By 2025: Grand View Research Inc.

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Home And Garden Pesticides Market Is Expected to Generate a Revenue of USD 8.8 Billion By 2025: Grand View Research Inc.

September 12
08:10 2019
Home And Garden Pesticides Market Is Expected to Generate a Revenue of USD 8.8 Billion By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Growing trend of home gardening and increased expenditure on lawn and garden maintenance are the key factors boosting growth of this market. In addition, wide usage of herbicides to avoid labor-intensive work of removing unwanted plants is likely to support the market growth.

According to a report, “ Home And Garden Pesticides Market Size, Share & Trends Analysis Report By Type (Herbicides, Insecticides, Fungicides, Fumigants), By Application (Garden, Household), By Region, And Segment Forecasts, 2019 – 2025 ”, published by Grand View Research, Inc., The global home and garden pesticides market size is expected to reach USD 8.8 billion by 2025 expanding at a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Growing trend of home gardening and increased expenditure on lawn and garden maintenance are the key factors fuelling the demand for pesticides, thereby boosting market growth. Organic pesticides, in particular, have high demand as they eco-friendly, are less toxic, and can degrade quickly. Moreover, organic pesticides support the growth of beneficial insects, such as honey bees.

In addition, constant product developments in the market are likely to propel the growth further. The garden application segment holds the largest market share. It is also estimated to be the fastest-growing application segment over the forecasted period. Herbicides product type is estimated to account for the largest industry share by 2025. This growth is attributed to the wide usage of herbicides to avoid labor-intensive work of removing unwanted plants. However, insecticides type segment is estimated to register the fastest CAGR from 2019 to 2025.

This is due to rising product demand as it is easy to use and can effectively kill pests in larval stage. Botanical insecticides are also becoming popular as they have low toxicity and less or no impact on the environment. North America is estimated to be the largest regional market over the forecasted period due to rising trend of home gardening. Whereas, Asia Pacific is estimated to be the fastest-growing region from 2019 to 2025 due to improving standards of living, rapid economic growth, and rising number of residential construction activities in emerging countries.

U.S. home and garden pesticides market

Further key findings from the study suggest:

  • Insecticides segment is estimated to register the maximum GAGR of 4.4% over the forecasted period owing to high demand for botanical insecticides as they are less toxic

  • Led by India, Asia Pacific is estimated to be the fastest-growing region from 2019 to 2025 owing to increasing number of residential projects

  • Key companies in this market are Central Garden & Pet; SC Johnson & Son; Willert Home Products, Inc.; The Scotts Miracle-Gro Company; Spectrum Brands Holdings, Inc.; Bayer AG; Syngenta AG; Organic Laboratories Inc.; Reckitt Benckiser Group plc; BASF SE, and DuPont de Nemours, Inc.

Application Insights

Based on application, the market is bifurcated into garden and household. The garden application is estimated to be the largest, as well as the fastest-growing, segment over the forecasted period. Increased spending on lawn and garden care supplies is supporting the segment growth. The household application segment is also estimated to witness a considerable growth during the forecasted years. Rising concerns about pest-borne diseases and household insects, such as bed bugs and red fire ants, are projected to boost the demand for pesticides, thereby augmenting the segment growth.

Type Insights

Based on type, the market is segmented into herbicides, insecticides, fungicides and fumigants. The herbicides segment is estimated to account for the largest share of the global market by 2025. Herbicides are used to get rid of weeds and other harmful and unwanted plants.

Global home and garden pesticides market

Insecticides segment is witness the fastest CAGR from 2019 to 2025 on account of rising demand for insecticides. Rising popularity of botanical insecticides is also supporting the growth of this segment. Botanical insecticides are less toxic and have no or minimal effects on the environment. Fungicides are also estimated to witness strong growth over the forecasted period.

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Regional Insights

Asia Pacific is estimated to be the fastest-growing regional market over the forecasted period. The growth is attributed to rising trend of home gardening and improving standards of living in emerging counties. Moreover, rapidly expanding real estate sector and rising number of residential construction projects are expected to support the region’s growth. Increasing cases of insect-borne diseases in developing countries is also expected to boost the demand of pesticides.

North America is estimated to account for the largest market share by 2025. However, stringent regulations regarding the usage of pesticides creates challenges for market entrants. Europe is also estimated to witness a significant growth over the forecasted period on account of rising product demand in countries, such as U.K., Germany, and France.

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Grand View Research has segmented the global home and garden pesticides market on the basis of type, application, and region:

Home and Garden Pesticides Type Outlook (Revenue, USD Million, 2015 – 2025)

  • Herbicides

  • Insecticides

  • Fungicides

  • Fumigants

Home and Garden Pesticides Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Garden

  • Household

Home and Garden Pesticides Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa (MEA)

 

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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