China Home Insecticides Market Forecast 2022-2028

China Home Insecticides Market Forecast 2022-2028

KEY FINDINGS

The China home insecticides market is expected to grow with a CAGR of 1.17% during the forecasted years of 2022 to 2028. The market growth of the country is determined by numerous factors, including China’s strong manufacturing and supply chain, in addition to the rising urbanization.

MARKET INSIGHTS

China is the largest manufacturer of chemicals, globally. As per the European Chemical Industry Council, a chemical industry body, the nation also manufactured over $1567 billion worth of chemicals in the year 2020, contributing to 44.6% of chemical sales in the same year across the world. Since chemicals are utilized for the production of insecticides, they constitute an integral part of the pesticide and insecticide manufacturing process. As a result, insecticide companies in China possess the potential to procure chemicals on a larger scale at highly competitive prices, thus reducing items’ cost per unit.

On the other hand, China also has a robust infrastructure, supply chain, roads, and highways, thus providing the country with a conducive environment for the supply, distribution, and retailing of insecticides. Moreover, the significant logistical strength further ensures that products promptly reach the distributors and retailers. China is also home to e-commerce giants like Alibaba, which facilitates online B2B sales of insecticide products. As a result, these factors are set to augment the market growth in China during the forecast period.

COMPETITIVE INSIGHTS

Key firms operating in the market include Shanghai Johnson Ltd (SC Johnson & Son Inc), Zhongshan Lanju Ltd, Cheerwin Group Co Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments