March 13, 2023
(press release)
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Demand for home and garden insecticides and insect repellents is expected to grow less than 1.0% per year from a high 2021 base to $1.7 billion in 2026. The COVID-19 pandemic increased the attention paid to pests in and around homes and supported high levels of product sales in 2020 and 2021. Looking forward, it is expected that the trends toward higher value products with safer, easier-to-use formulations – such as sprays with lower active ingredient concentrations – will continue.
The household segment is the larger application and saw the majority of gains in 2020 and 2021. This segment, which represented 87% of demand in 2021, will be supported by:
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