The global home and garden fungicides market is anticipated to grow at a CAGR of around 3.2% during the forecast period (2021-2027). The global home and garden fungicides market is driven by the factors such as increasing concern regarding food safety, increasing activities to transform the residential and commercial spaces into outdoor kitchens, lawns, fun spaces, among others, and increasing expenditure on lawn and garden products and related services. For instance, as per the National Gardening Survey conducted in 2018 by the American Horticultural Society (AHS), the average household spending on gardens and lawns is nearly $505. Whereas, according to the What Gardeners Think survey conducted by Garden Research in 2018, gardeners have spent around $47.8 billion on retail lawn and garden sales in 2017. The young population in America, are highly attracted to gardening, this is also an important factor due to which the demand for home and garden fungicides such as captan, folpet, dithiocarbamate, pentachlorophenol has accelerated. According to the above survey conducted in the same year, among all the gardeners, 29% belongs to the age group of 18 to 34. Besides, the increasing concern regarding pest-borne diseases and household insects are further projected to augment the demand for home and garden fungicides during the forecast period.

Apart from this, the growing population due to which the residential and commercial sectors are also emerging lead to the high adoption of home and garden fungicides drives the market. Furthermore, health issue occurs due to the use of the garden and home fungicides such as headaches, nausea, excessive eye-watering, and dizziness is the major challenge that may hamper the market growth. Moreover, the development of low-cost and eco-friendly organic home and garden fungicides is projected to offer productive growth opportunities in the market during the forecast period.  

Impact of COVID-19 on Global Home and Garden Fungicides Market

The global home and garden fungicides market is positively impacted by the outbreak of the COVID-19 pandemic. The lockdown imposed by the government to curb the further spreading by avoiding human contact led to the increase in home activities, in which gardening was one of the major activities adopted by many people around the world. Moreover, due to the unavailability of fresh vegetables in the pandemic, people have started creating small gardens in their available space for growing veggies. The increased interest of people towards gardening and lawn designing with more free time during the pandemic positively influenced the market growth and accelerated the demand for fungicides. 

Segmental Outlook  

The global home and garden fungicides market is segmented based on product type, forms, and application. Based on type, the market is bifurcated into organic and inorganic. Among these, the organic segment is expected to hold the largest revenue owing to their high adoption in gardening and home disinfection due to properties such as eco-friendly, less toxicity, and fast degradable nature. Based on forms, the market is again bifurcated into liquid and powder form. Among these, the liquid segment is projected to hold the largest share in the market during the forecast period owing to their easy applications, fast distribution, and high penetration rate. The powder segment is anticipated to grow significant CAGR during the forecast period. Whereas, on the basis of application, the market is further analyzed into home garden, household, and turf & ornamentals. The garden segment is expected to hold the leading position during the forecast period. The increasing people interest in gardening and high expenditure on garden related products can lead to the growth of the market during the forecast period. 

Global Home and Garden Fungicides Market Share by Product Type, 2020 (%)

The Home Garden Segment is Projected to Hold Significant Share in the Global Home and Garden Fungicides market

Among applications of fungicides, the home garden segment is growing at a faster rate, and it is projected to hold a significant share in the market during the forecast period. The increasing people interest in gardening in emerging economies especially in the US is the reason behind the growth of the segment. The interest of the young population in gardening activities is significantly generating the demand for garden fungicides, this is the factor driving the growth of the market. Moreover, the rising fungal disease which is the most common urban garden problem caused by the garden plant through air and water is the major factor increasing the adoption of fungicides among gardeners. The more use of garden fungicides by gardeners to stop the spreading of diseases caused by the plant pathogens projected to drive the growth of the market during the forecast period. 

Regional Outlook 

Geographically, the global home and garden fungicides market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Asia-Pacific is anticipated to grow at a faster rate during the forecast period. The factors driving the growth of home and garden fungicides in the region include growing residential construction, increasing standard of living among the population, high inclination towards landscaping, and growing home gardening standards. Moreover, the increasing insect-borne diseases such as dengue, malaria, west nile fever among others in major economies of Asia-Pacific such as China, India boosting the adoption of home and garden fungicides. 

Global Home and Garden Fungicides Market Growth, By Region 2021-2027

North America Emerge as a Dominating Region in the Global Home and Garden Market  

Geographically, North America is projected to dominate the market by accounting for significant shares during the forecast period. The US is the major country contributing to the growth of the market owing to the presence of a large number of people interested in gardening. The increasing funding in garden maintenance and purchasing home and garden fungicides affects the growth of the market positively. The prevalence of infections caused by the pathogen plants in the garden, and insect-borne diseases are also a matter of concern increasing the use of home and garden fungicides to curb the further spreading. The high population of the region is one of the major factors supporting the growth of the home and garden fungicides market. These factors are likely to propel the demand for fungicides, hence lead to the growth in the market during the forecast period. 

Market Players Outlook

The key players in the home and garden fungicides market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include 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. These market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion, and others. For instance, in April 2020, Willert Home Products has acquired the brands Biocare and Trap-N-Kill from SpringStar, Inc. The acquisition helped Willert to expand its product offerings of household items for the home and garden.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Home and Garden Fungicides market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.