Home and Garden Pesticides Market Size, Share, Growth, Trends and Forecast Report

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.

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 250 times.

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