This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
U.S. Home And Garden Fungicides Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
GET A FREE SAMPLE
Report Overview
The U.S. home and garden fungicides market was valued at USD 5.2 billion in 2022 and is projected to expand at a CAGR of 5.3% from 2023 to 2030. The rise in the number of households, increased consumer spending, and the emergence of organic fungicides are among the key factors driving the market growth. The positive outlook for the construction industry and rise in disposable income in the region are expected to drive the demand for fungicides in the U.S.
The demand for fungicides in the U.S. is driven by the rising number of households and consumer spending. According to the U.S. Census Bureau, there were approximately 127 million households in the country in 2019, a 2.6% increase from the previous year. Furthermore, the Bureau also reported that consumer spending in the country increased by 4.6%, reaching USD 14 trillion in 2020. This is expected to drive the demand for home and garden fungicides in the U.S.
Organic fungicides are becoming increasingly popular among consumers, as they are environmentally friendly, safe, and cost-effective. These fungicides are made up of natural ingredients such as neem oil, garlic, peppermint oil, and baking soda, which are not harmful to humans or the environment. Furthermore, the growing awareness about the harmful effects of chemical-based fungicides is expected to boost the demand for organic fungicides in the region.
In addition, manufacturers are focusing on introducing new products with advanced features such as easy-to-use applicators and longer-lasting effects. For instance, in October 2020, BASF launched the Fungi-Phite fungicide for the turf market. The fungicide offers long-lasting protection against diseases and is easy to apply. This is expected to drive the market.
Furthermore, the increasing number of initiatives taken by the companies to increase their market share is expected to support the growth of the market. For instance, in March 2021, Syngenta launched an online hub, Grower Solutions, designed to provide growers with insight into the latest crop protection products and technologies. This is expected to increase the market share of the company in the future.
Product Insights
The fungicides segment dominated the market and accounted for a share of around 45.4% in 2022. Increasing consumer awareness about the health benefits of organic fungicides and the growing demand for organic products have been driving the market for fungicides in the last few years. According to an article published by AgroPages in December 2020, the fungicide market has been growing at a compound annual growth rate of 7.9% from 2018 to 2019.
The herbicides segment is anticipated to expand at the fastest CAGR of 6.8% over the forecast period. Growing demand for lawn and garden care and increasing consumer preference for organic products are some of the key factors driving the growth of the herbicides market. According to an article published by Lawn and Garden Retailer, in April 2020, the herbicide and fungicide market in the US is estimated to reach USD 8.7 billion by 2023. Moreover, rising awareness among consumers about the health benefits of organic products is another factor driving the growth of the market.
Distribution Channel Insights
The U.S. home and garden fungicides market is highly fragmented, with numerous large and small market players operating in the industry. The supermarkets & hypermarkets segment captured the major share of over 41.1% in 2020. Supermarkets & hypermarkets provide a wide range of fungicides and related products, which is a major factor driving the growth of this segment. In addition, these establishments also offer discounts, promotions, and other value-added services such as free delivery, free assembly, and free installation, which are the key factors driving the growth of the segment.
The online segment is anticipated to expand at the highest CAGR of 11.2% over the forecast period. The growth of the segment is mainly driven by the increasing adoption of e-commerce as a preferred platform for purchasing home and garden fungicides products. The availability of various online platforms such as Amazon and eBay make it easier for consumers to buy these products online. Furthermore, the increasing use of mobile phones and tablets for online shopping is also driving the growth of the segment.
Type Insights
The liquid fungicides segment accounted for the largest revenue share of 72.5% in the year 2022. The broad spectrum of liquid fungicides is suitable for many plants and crops, and it acts as a protective shield against fungi, molds, and other fungal infections. Also, the liquid form of fungicides is easily available in stores and supermarkets. Furthermore, the ease of application and the lower cost of liquid fungicides are expected to drive the growth of the segment.
The granular fungicides segment is anticipated to grow at the highest CAGR of 8.5% over the forecast period. Gardeners prefer granular fungicides because they produce fewer odors, and they are easy to use. Moreover, granular fungicides are available in different formulations, such as wettable powders, water dispersible granules, and ready-to-use granular formulations, which make them more attractive to users. Furthermore, the entry of new players in the granular fungicides market is expected to fuel the segment growth.
Regional Insights
The U.S. home and garden fungicide products market is expected to witness substantial growth in the coming years. This growth is primarily attributed to the increasing cases of fungal infections in plants and the rising demand for organic and eco-friendly products in the region. The U.S. is the largest market for home and garden products in the world. Increasing demand for premium fungicides from the commercial and residential sector is expected to drive the growth of the market.
The market in Canada is expected to witness steady growth in the coming years. This growth is mainly attributed to the rising prevalence of fungal diseases in plants and the increasing awareness about the use of fungicides in the region. Furthermore, the presence of prominent players, such as DowDuPont, BASF, and Bayer AG, is expected to fuel the growth of the market in Canada.
The market in Mexico is expected to grow at a notable CAGR over the forecast period. This growth is mainly attributed to the rising awareness regarding the use of fungicides in the region, along with the increasing cases of fungal infections in plants. Furthermore, the presence of prominent players, such as Monsanto Company and Syngenta AG, is expected to fuel the growth of the market in Mexico.
Financial Projections
In this part of the U.S. Home and Garden Fungicides Products 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 the business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main sources of revenues for a U.S. Home and Garden Fungicides Products business come from the sale of fungicides and related products, such as fungicide sprays, powders and liquids, to retail outlets, as well as direct to residential customers. Other sources of revenue include e-commerce sales and the sale of other home and garden products.
Projecting Expenses
In this section, all the regular expenses related to keeping the U.S. Home and Garden Fungicides Products business running will be described. The list of operating expenses includes product and packaging costs, labor costs, shipping and handling costs, advertising and marketing costs, overhead costs, and other miscellaneous expenses.
Key companies & market share insights
Some of the key companies operating in the U.S. home and garden fungicides 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, Bayer AG launched a new fungicide product, myclobutanil, for the prevention and control of fungal diseases in home and garden plants.
– In August 2022, Syngenta AG launched a new fungicide product, thiophanate-methyl, for the prevention and control of fungal diseases in home and garden plants.
– In October 2022, BASF SE launched a new fungicide product, propiconazole, for the prevention and control of fungal diseases in home and garden plants.
Some of the prominent players in the U.S. home and garden fungicides market include:
– Bayer AG
– Syngenta AG
– BASF SE
– Corteva, Inc.
– Nufarm Limited
– FMC Corporation
– DowDuPont Inc.
– Platform Specialty Products Corporation
– Isagro S.p.A.
– Certis USA LLC
Global U.S. Home And Garden Fungicides 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 U.S. home and garden fungicides products market based on product type, form, and region:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Fungicides
– Insecticides
– Herbicides
2. Form Outlook (Revenue, USD Million, 2017 – 2030)
– Liquid
– Powder
– Granular
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the market size of the U.S. Home and Garden Fungicides Products Market?
[A]: The U.S. home and garden fungicides products market is estimated to be valued at USD 7.8 billion in 2020 and is projected to reach USD 8.9 billion by 2025, at a CAGR of 2.4%.
[Q]: What are the key factors driving the growth of the U.S. Home and Garden Fungicides Products Market?
[A]: Key factors driving the growth of the U.S. home and garden fungicides products market include increasing demand for organic fungicides, increasing prevalence of fungal and bacterial infections, and the increasing use of fungicides in home and garden activities.
[Q]: What are the major players in the U.S. Home and Garden Fungicides Products Market?
[A]: The major players operating in the U.S. home and garden fungicides products market include BASF SE (Germany), Syngenta AG (Switzerland), FMC Corporation (U.S.), Bayer AG (Germany), DowDuPont (U.S.), Nufarm Ltd. (Australia), Adama Agricultural Solutions Ltd. (Israel), and Marrone Bio Innovations Inc. (U.S.).
[Q]: What are the key strategies adopted by the major players in the U.S. Home and Garden Fungicides Products Market?
[A]: The key strategies adopted by the major players in the U.S. home and garden fungicides products market include product launches and expansions, acquisitions, and collaborations. These strategies helped companies strengthen their product offerings and expand their presence in 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
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
