Home and Garden Pesticides Market Size, Share, Growth, Trends and Forecast Report
by Susan Hill Business ConsultantThe
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.
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.
Access
full research report on global home and garden pesticides market:
www.grandviewresearch.com/industry-analysis/home-garden-pesticides-market
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Created on Dec 30th 2019 08:38. Viewed 251 times.