Home and Garden Fungicides Market: Analysis Report, Share, Trends and Overview 2021-2027
The global home and garden Fungicides
market is anticipated to grow at a CAGR of around 3.2% during the forecast
period (2021-2027). 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
·
The market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
·
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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Home and Garden Fungicides Market– Segment by
Region
North America
·
United States
·
Canada
Europe
·
Germany
·
United Kingdom
·
France
·
Spain
·
Italy
·
Rest of Europe
Asia-Pacific
·
China
·
Japan
·
India
·
Rest of
Asia-Pacific
Rest of the World
·
Middle East &
Africa
·
Latin America
Company Profiles
·
Central Garden
& Pet Co.
·
ADAMA Ltd.
·
Willert Home
Products, Inc.
·
The Scotts
Miracle-Gro Co.
·
Spectrum Brands
Holdings, Inc.
·
Bayer AG
·
Syngenta AG
·
Organic
Laboratories Inc.
·
Reckitt Benckiser
Group PLC
·
BASF SE
·
DuPont de Nemours,
Inc.
·
Corteva Agriscience
Inc
·
Certis USA LLC
·
Nufarm
·
FMC Corp.
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