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Home and Garden Fungicides Market: Introduction

A fungicide is a particular type of pesticide that controls fungal disease by specifically suppressing or killing the fungus causing the disease. Fungicides, herbicides, and insecticides are all pesticides used in plant protection. Fungi are the number one cause of crop loss across the world. Viruses, nematodes, and bacteria also cause diseases in plants. Symptoms resembling those caused by pathogens can be caused by abiotic (non-living) factors, such as nutrient deficiency and air pollution. Fungicides are used to control a disease during the development of a crop, to increase productivity of a crop, and lessen blemishes. Diseased food crops may produce less because their leaves which are needed for photosynthesis are affected by the disease.

Key drivers of the home and garden fungicides market

The Covid-19 pandemic acted as one of the important factors in the growth of backyard gardens. The lockdown, according to many new growers, provided them more time and energy to focus on their new hobby of cultivating. During the lockdown, the National Allotment Society reported surge in the number of people signing up for plots on their local council's waiting lists, demonstrating that this is an urban as well as a rural trend. The growing significance of vector-borne diseases is one of the key factors supporting the growth of the global home and garden fungicides market. In addition, increasing demand for hydroponics is another key factor supporting the market growth. The prevalence of dengue and malaria in countries such as India, Bangladesh, and Philippines is one of the highest across the globe. Hence, governments have urged people to buy the recommended insect repellent products. These factors have led to an increase in usage of home and garden fungicides, which has resulted in increased retail sales of these products.

Improved products creating opportunities in the home and garden fungicides market

Businesses keep providing new and innovative products in order to offer best possible versions of the existing products and capture a larger audience. For example, in August 2020, FMC, an agricultural sciences company, launched Xyway 3D fungicide, the first and only at-plant corn fungicide to offer season-long, inside-out disease protection from planting to harvest. It merges the most systemic triazole fungicide, flutriafol, with special at-plant flexibility. Fungicides kill fungi by rupturing their cell membranes, inactivating critical enzymes or proteins, or by interfering with key processes such as energy production or respiration. Others impact specific metabolic pathways such as the production of sterols or chitin. For example, phenylamide fungicides bind to and inhibit the function of RNA polymerase in oomycetes, while the benzimidazole fungicides inhibit the formation of beta tubulin polymers used by cells during nuclear division. These factors create new opportunities for the product in the market.

Harmful Impact a restraint of the home and garden fungicides market

One of the restraints of home and garden fungicides is the harmful impact of fungicides on humans. Fungicide residues develop on food meant for human consumption, mostly the ones from post-harvest treatments. Some fungicides are extremely dangerous to human health, such as vinclozolin, which has now been banned. Another fungicide called Ziram is toxic to humans with long-term exposure, and fatal if ingested. These factors acts as restraints of the home and garden fungicides market.

North America the dominant market

North America accounts for highest share in the home and garden fungicides market in terms of revenue contribution as compared to markets in other regions due to the increased adoption of home and garden fungicides. Fungicides are extensively used in the developing world, and their demand is surging as a result of the existing food production system, which prioritizes high agricultural yields. In addition, the increasing application of home and garden fungicides among consumers etc. in countries such as the U.S, Canada, and Rest of North America is expected to trigger demand for home and garden fungicides. Fungicides composed of chemicals can control pests or influence plant growth, and have given a new approach in developing countries such as India, China, and Brazil to enhance harvests. These factors are expected to propel growth of the home and garden fungicides market, in these countries.

Key players operating in the global market

Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the home and garden fungicides market are:

  • BASF SE
  • DuPont de Nemours, Inc.
  • Organic Laboratories, Inc.
  • Reckitt Benckiser Group PLC
  • Syngenta
  • Willert Home Products

Home and Garden Fungicides Market: Research Scope

Home and Garden Fungicides Market, by Type

  • Contact
  • Translaminar
  • Systemic

Home and Garden Fungicides Market, by Application

  • Garden
  • Household

Home and Garden Fungicides Market, by Distribution Channel

  • Online
  • Offline

Home and Garden Fungicides Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the home and garden fungicides market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Home And Garden Fungicides Market