Latest market study on “Global Household Insecticides Market to 2027 – Analysis and Forecasts by Insect Types (Mosquitoes & Flies, Rats & other Rodents, Termites, Bedbugs & Beetles, Others); Composition (Natural, Synthetic); Packaging (Small, Medium, Large); Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online Stores, Others)”, The global household insecticides market is accounted to US$ 11,785.9 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 18,514.3 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. The rising demand of household insecticides from the Asia Pacific region is projected to escalate the household insecticides market at a CAGR of 5.2%.
Household insecticides are defined as those products which helps to inhibit the growth of insects such as mosquitoes, flies and other insects at home. Such insecticides portrays limited toxicity to human and are composed of natural or synthetic substances including isobutyl piperidine carboxylate, hydroxyethyl, citronella oil and geraniol oil. The market is a perfect competition market with the presence of numerous Household Insecticides market players and buyers. The market players are competing based on price, product innovation, and quality.
In 2018, Asia Pacific held the largest share of the global household insecticides market. The dominance of the household insecticides market in this region is primarily attributable to the presence of strong industrial base with prominent manufactures significantly contributing to market growth. The demand for household insecticides is rising in the region with the wake of alarming health and hygiene issues along with rising prevalences of diseases such as malaria, dengue and others. Further, the easy accessibility and availability of raw materials coupled with cheap labor and low production cost are yet another factor that bode well the market demand in the region.
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Godrej Consumer Products Limited, Liphatech, Inc., Neogen Corporation, SC Johnson & Son, Inc., Spectrum Brands, Inc., Reckitt Benckiser Group plc, Jyothy Laboratories Ltd., Sumitomo Chemical Co., Ltd., Bayer AG., and Medella Laboratorie
Rising acceptance of natural form of household insecticides
Natural insecticides are those insecticides which are derived from a natural source such as a mineral or plant. The demand for such form of insecticides is rising for household or domestic uses attributable to the harmful attributes of synthetic form of insecticides. Synthetic insecticides contain harmful chemicals and substances which are perceived to impact the health of individual. The growing awareness related to health and rising concern over the potential harm caused by synthetic insecticides has driven the need for natural insecticides. With the growing trend towards natural form of insecticides, several manufacturers have invested in research and development activities and have introduced natural form of insecticides to meet consumer’s demand. For instance, Godrej Consumer Products Limited, which is leading industry in home insecticides, have come mosquito repellant agarbatti completely composed of neem and turmeric. The company through the launch of this natural product has provided safe solution at low cost. Thus, natural form of household insecticides is expected to rise
- Progressive industry trends in the global household insecticides market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the market from 2017 to 2027
- Estimation of the demand for household insecticides across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for household insecticides
- Market trends and outlook coupled with factors driving and restraining the growth of the household insecticides market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global household insecticides market growth
- household insecticides market size at various nodes of market
- Detailed overview and segmentation of the global Household insecticides market as well as its dynamics in the industry.
Household insecticides market size in various regions with promising growth opportunities
Household Insecticides Market, by Insect Type
- Mosquitoes & Flies
- Rats & other Rodents
- Bedbugs & Beetles
Household Insecticides Market, by Composition
Household Insecticides Market, by Packaging
Household Insecticides Market, by Distribution Channel
- Convenience Stores
- Online Stores
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