U.S. Home And Garden Fungicides Market Is Expected To Expand At A CAGR Of 5.0% From 2021 To 2028

 U.S. Home And Garden Fungicides Industry Overview

The U.S. home and garden fungicides market size is expected to reach USD 547.7 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.0% from 2021 to 2028. The market is expected to flourish over the years owing to the growing inclination of the end users toward landscaping. The increasing demand for home and garden fungicides, such as captan, folpet, dithiocarbamate, pentachlorophenol, and mercurial, is boosting the growth of the overall market.

 

Gardening as a hobby is particularly popular among Americans, with a record number of youngsters taking up gardening as a hobby. According to the National Gardening Survey 2018 conducted by the American Horticultural Society (AHS), an average household spent around USD 503 on lawn and garden products as well as services, which was an increase of about USD 100 as compared to 2017. Additionally, an increase in the number of garden centers and retail nurseries is one of the key factors expected to drive the market during the forecast period.

Current trends including organic gardening, kitchen gardening, urban farming, and small-space gardening are supporting the growth of the market. Garden owners frequently take up gardening as a hobby and their focus on developing various skills drives the demand for the requisite tools and consumables. Additionally, homeowners have started to use vacant areas for gardening to improve their physical and mental wellness.

Despite the positive outlook, in recent years, numerous products have been developed with wide-ranging effects owing to the rapidly developing technologies. Fungicides are one such class of chemical substances. Fungicides have been a crucial part of gardening and agriculture as they safeguard crops from fungal infestations and prevent yield reduction. Regardless of their usefulness, fungicides could cause potential risks to food safety, the environment, and all living things.

Technological advancements are changing the adoption and acceptance of home and garden fungicides and this factor is expected to have a profound implication on the future of the market. Relatively low-cost and eco-friendly products are projected to offer immense growth opportunities to the market in the near future. For instance, organic fungicides are proving a safer alternative to synthetic fungicides in certain cases, which widens the scope of the market.

 

U.S. Home And Garden Fungicides Market Segmentation

Grand View Research has segmented the U.S. home and garden fungicides market on the basis of product, form, and application:

Based on the Product Insights, the market is segmented into Organic, and Inorganic.

  • The inorganic product segment dominated the market with a share of over 70.0% in 2020. This is attributed to the fact that inorganic fungicides emerged as the prominent choice among consumers. The growing consumption of fruits and vegetables and increasing adoption of advanced farming techniques, along with prominent demand for high-value crops, are some of the factors that have been driving the demand for inorganic fungicides.

 

  • Organic fungicides are more efficient in terms of their mode of action than conventional ones. They act against the pathogenic fungi by parasitism, antibiosis, or competition, thus they are high in demand. Additionally, new product launches and partnerships were the prominent strategies adopted by key players to capitalize on the strong market potential.

 

Based on the Form Insights, the market is segmented into Dry, and Liquid.

  • The liquid segment dominated the market with a share of around 60.0% in 2020 owing to the prominent penetration rate of liquid fungicides. Benefits such as ease of usage, even distribution on the target area, and the ability to reach corners are responsible for the strong demand for liquid fungicides. 

 

  • The dry segment is expected to expand at a CAGR of 4.3% from 2021 to 2028. The adoption of dry fungicides is increasing among consumers as they are resilient and difficult to wash off, and the rain has little effect on them. This results in higher efficacy of the product and cost savings.

 

Based on the Application Insights, the market is segmented into Home Garden, and Turf & Ornamentals.

  • The turf and ornamentals segment dominated the U.S. market by accounting for over 66.0% share in 2020. This high share is attributed to Americans spending more than USD 36 billion every year on lawn care, four-and-a-half times more than the annual budget of the Environmental Protection Agency.

 

  • The home garden segment is projected to expand at a CAGR of 4.2% over the forecast period. The growing trend of home gardening and increased expenditure on garden maintenance are the key factors boosting the growth of this segment. 

 

Key Companies Profile & Market Share Insights

The U.S. market is characterized by the presence of various well-established players, along with several promising players. The market players face intense competition as some of them are among the top fungicides manufacturers and have a large customer base and robust supply chain.

The U.S. market is dominated by a few major brands that account for the maximum share in the market. Players have been focusing on launching new products to meet the growing customer demand for turf and landscape fungicides. For instance, in January 2018, Nufarm launched an all-terrain golf course fungicide in sponsorship with Land Rover during the Golf Industry Show (GIS) to attract new customers. Similarly, in May 2019, Syngenta AG launched the Appear II fungicide to control Pythium and anthracnose diseases and improve stress tolerance and turf quality in all seasons. Some prominent players in the U.S. home and garden fungicides market include:

  • Bayer AG
  • Syngenta AG
  • BASF SE
  • Corteva Agriscience
  • Certis USA L.L.C.
  • Central Garden & Pet Company
  • Nufarm
  • Spectrum Brands Holdings, Inc.
  • The ScottsMiracle-Gro Company

 

Order a free sample PDF of the U.S. Home And Garden Fungicides Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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