The global home and garden pesticides marketsize 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.
Home and Garden Pesticides Market Report Highlights
• 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..
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Home and Garden Pesticides Market Segmentation
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)
Home and Garden Pesticides Application Outlook (Revenue, USD Million, 2015 – 2025)
Home and Garden Pesticides Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• The U.K.
• Asia Pacific
• Central and South America
• Middle East & Africa (MEA)
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About Grand View Research
Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.
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