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Home And Garden Pesticides Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global home and garden pesticides market was valued at USD 16.9 billion in 2022 and is projected to expand at a CAGR of 5.7% from 2023 to 2030. The rising trend of organic farming and a surge in the number of pest infestations in urban and suburban areas are the key factors driving the demand for home and garden pesticides. Furthermore, the increasing awareness about the health risks associated with the use of chemical-based pesticides is prompting consumers to opt for eco-friendly alternatives.
The rising demand for organic food products is also bolstering the demand for home and garden pesticides. The growing consumer awareness about eco-friendly farming practices is encouraging farmers to switch from chemical-based pesticides to organic pesticides, which is propelling the demand for home and garden pesticides. Additionally, several government initiatives, such as the National Organic Program and the Organic Foods Production Act, are promoting the use of organic pesticides.
The increasing number of pests and diseases, such as aphids, mites, whiteflies, and blight, is driving the demand for home and garden pesticides. The rising number of pests is increasing the demand for insecticides and fungicides, which are expected to further fuel the growth of the market. Additionally, the rising demand for bio-based solutions is anticipated to create lucrative opportunities for market participants.
Key players are focusing on the launch of new products to capture the market share and increase their customer base. For instance, in November 2021, Syngenta launched an insecticide, named Actara, which is suitable for controlling aphids, flea beetles, and other pests in home and garden applications. Additionally, the rising demand for natural pesticides is encouraging market participants to focus on the development of eco-friendly products. For instance, in April 2022, Bayer launched a natural pesticide, named EcoSpray, to control aphids, mites, and other pests.
The growing demand for pest control services is also propelling the demand for home and garden pesticides. Due to the rising number of pest infestations, people are increasingly opting for pest control services, which is fueling the demand for home and garden pesticides. Additionally, the growing popularity of DIY pest control solutions is driving the demand for home and garden pesticides. The rising trend of DIY pest control solutions is attributed to the availability of various products in the market.
Product Insights
The insecticides segment accounted for the largest share of around 45.2% of the home and garden pesticides market in 2022. Insecticides are used to repel and control the breeding of insects and other pests. Growing use of insecticides to control the infestation of insects in homes and gardens is driving the demand for home and garden insecticides. According to an article published by the University of California, in May 2020, 50% of Americans have used insecticides in their gardens, and 28% of them have used insecticides in their homes. In addition, rising awareness about the ill-effects of pests and the introduction of new products with advanced features are among the major factors driving the growth of the segment.
The weedicides segment is expected to expand at the fastest CAGR of 8.4% over the forecast period. Weedicides help to control the growth of weeds by killing the weed plants and preventing the further growth of them. Increasing use of weedicides to control the growth of weeds in gardens, farms, and lawns is driving the demand for weedicides. According to an article published by the University of Georgia, in April 2020, 70% of Americans use weedicides to control the growth of weeds in their lawns and gardens. In addition, rising awareness about the ill-effects of weeds and the introduction of new products with advanced features are among the major factors driving the growth of the segment.
Distribution Channel Insights
The supermarkets and hypermarkets segment held the largest market share of over 43.1% in 2022. These establishments are the primary source of home and garden pesticides products for the majority of consumers. The presence of a wide range of products from several brands in supermarkets & hypermarkets is one of the key factors driving the growth of the segment. In addition, the presence of knowledgeable store staff in supermarkets & hypermarkets helps customers in making the right purchasing decision.
The online segment is anticipated to expand at the highest CAGR of 11.6% over the forecast period. The growth of this segment is driven by the rising number of online stores and e-commerce websites offering home and garden pesticides products. Online stores offer a wide range of products from different brands at competitive prices. Moreover, the convenience of online shopping, the availability of customer reviews, and the easy return policy are some of the factors driving the growth of this segment.
Type Insights
The chemical pest control segment accounted for the highest revenue share of 65.5% in the year 2022. Chemical pest control products are widely used in the home and garden pesticides market due to their effectiveness in controlling pests, and their easy availability in retail stores. Furthermore, the development of new products such as ready-to-use sprays, gels, and aerosols are driving the growth of the chemical pest control segment. For instance, in March 2021, Bayer launched a new insecticide spray in the U.S. called “Cobalt Advanced” to control spiders and ants.
The biological pest control segment is expected to expand at the highest CAGR of 10.4% during the forecast period due to the increasing use of biopesticides in home and garden pesticides. Biopesticides are natural substances derived from plants, animals, and bacteria that are used as a pest control agent. They have minimal environmental impact, are not toxic to humans, and are available in the form of naturally occurring substances like mineral oils, plant extracts, and microbial pesticides. Furthermore, the increasing awareness about the hazardous effects of synthetic chemical pesticides is driving the demand for biological pest control products.
Regional Insights
North America is expected to dominate the global home and garden pesticides market. Increasing demand for organic and natural products along with rising awareness among customers regarding the use of pesticides is driving the growth of the market in this region. Moreover, the presence of major players, such as Bayer, FMC, and Syngenta, is further contributing to the growth of the market. For instance, in April 2022, FMC launched a biological insecticide, which is an eco-friendly solution to control pests in gardens.
Asia Pacific is expected to emerge as the fastest-growing region in the forthcoming years. An increase in the gardening and landscaping activities coupled with rising awareness among consumers regarding home and garden pesticides is propelling the market growth in this region. Moreover, the presence of prominent players, such as UPL, UPL-BASF, and Nufarm, is further supporting the growth of the market.
Financial Projections
In this part of the Home and Garden Pesticides business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Home and Garden Pesticides business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a Home and Garden Pesticides business comes from the sale of products, services, and other related items. Here you will find a list with a description of each of them and other possible sources of profit such as advertising, promotions, and discounts.
Projecting Expenses
In this section, all the regular expenses related to keeping the Home and Garden Pesticides business running will be described. The list of operating expenses includes taxes, wages, inventory, shipping, utilities, insurance policies, advertising, and others.
Key companies & market share insights
Some of the key companies operating in the home and garden pesticides market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In June 2022, Scotts Miracle-Gro Company launched a new line of organic insecticides and fungicides targeting the home and garden market.
– In August 2022, Bayer AG launched a new line of insecticides targeting the home and garden market.
– In October 2022, BASF SE launched a new line of pesticides targeting the home and garden market.
Some of the prominent players in the home and garden pesticides market include:
– Scotts Miracle-Gro Company
– Bayer AG
– Syngenta AG
– BASF SE
– Sumitomo Chemical Co., Ltd.
– Nufarm Limited
– UPL Limited
– DOW AgroSciences LLC
– Arysta LifeScience Corporation
– Makhteshim Agan Industries Ltd.
Global Home And Garden Pesticides Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global home and garden pesticides market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Insecticides
– Herbicides
– Fungicides
– Rodenticides
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Synthetic
– Natural
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the key trends in the home and garden pesticides market?
[A]: The home and garden pesticides market is predicted to witness a positive growth in the coming years. This is due to the rising awareness among people about the harmful effects of the chemical pesticides used in the home and garden. Consumers are now more likely to opt for eco-friendly and organic options, such as botanical pesticides, bio-pesticides, and microbial pesticides. Furthermore, the increasing demand for pest control services is expected to fuel the growth of the market.
[Q]: What are the key drivers of the home and garden pesticides market?
[A]: The major drivers of the home and garden pesticides market are the rising population, increasing awareness about the ill-effects of chemical pesticides, and the increasing demand for pest control services. Moreover, the increasing per capita income and the development of innovative products are also expected to contribute to the growth of the market.
[Q]: Who are the key players in the home and garden pesticides market?
[A]: Major players in the home and garden pesticides market include Bayer AG, Syngenta AG, The Scotts Miracle-Gro Company, BASF SE, Nufarm Limited, FMC Corporation, Sumitomo Chemical Co., Ltd., and Marrone Bio Innovations, Inc.
[Q]: What are the factors restraining the growth of the home and garden pesticides market?
[A]: The stringent government regulations regarding the use of certain pesticides, their disposal, and the health risks associated with their usage are expected to act as major restraints for the market. Moreover, the high cost of organic pesticides is also likely to hamper the growth of the market.
[Q]: What are the opportunities for the home and garden pesticides market?
[A]: The demand for eco-friendly and organic products is likely to drive innovation and create lucrative opportunities for the home and garden pesticides market. Additionally, the development of new products for specific target pests and increased investments in research and development are expected to open up new avenues for the market.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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