The global home and garden Fungicides market is anticipated to grow at a CAGR of around 3.2% during the forecast period (2024-2031). Fungicides are the chemical compounds used in plant protection. It is a type of pesticide that can control the fungal disease by expressly preventing or destroying the mildew causing the disease. The use of fungicides in gardening is gaining popularity in the major economies which is the key factor driving the growth of the market. The rising application of fungicides in the home garden and household to prevent the infection caused by insect-borne, and plant pathogens are also boosting their demand in the market. In major economies such as the US, the spending on garden and lawn activities is increasing, which in turn further accelerating the production of fungicides in the region. Moreover, the rising prevalence of vector-borne diseases such as dengue, malaria, yellow fever, Lyme disease, among others is one of the key factors supporting the growth of global home and garden fungicides. For instance, according to the WHO estimates 2020, vector-borne diseases account for more than 17% of all infectious diseases along with more than 700 000 deaths annually. Among all the vector-borne diseases, malaria holds the top position with 219 million cases globally, more than 400,000 deaths every year.
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The major players of the global home and garden fungicides are also playing a major role in the development of the market. They are highly inclined towards the adoption of strategies such as mergers and acquisitions, and new product launches. This is the factor driving the market growth. For instance, in April 2021, Spectrum Brands Holdings, Inc., announced the acquisition of Life Products, LLC, one of the leading manufacturers having the prime focus on the development of household cleaning, maintenance, and restoration products. The acquisition aid Spectrum Brand Holdings Inc. in further boosting their supply chain and strong customer relationships. Similarly, in March 2020, Bayer AG has launched its first bio fungicide, Serenade for plants. The product was launched by the company in China. Whereas, in December 2019, ADAMA Ltd., launched ARMERO, a dual-mode fungicide that contains the active ingredients prothioconazole and mancozeb under its in-house production of prothioconazole. These developments can lead to the growth of the market during the forecast period.
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Market Coverage
- Segment Covered-
o By Product Type
o By Form
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ADAMA Ltd., Willert Home Products, Inc., The Scotts Miracle-Gro Co, Spectrum Brands Holdings, Inc., Bayer AG, Organic Laboratories Inc., Reckitt Benckiser Group PLC, BASF SE, DuPont de Nemours, Inc., SC Johnson & Sons, Inc., Sumitomo Chemical Co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Home and Garden Fungicides Market Report Segment
By Product Type
- Organic
- Inorganic
By Form
- Dry Powder
- Liquid
By Application
- Garden
- Household
- Turf & Ornamentals
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