Household Insecticides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Household Insecticides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Household Insecticides Market was valued at USD 12 billion in 2018 and is forecasted to register a CAGR of 8.2% during the forecast period. The US is the largest producer and consumer of household insecticides. Asia-Pacific has the potential to witness the growth in household insecticides market.

Key Highlights

• Increased threats due to communicable diseases such as malaria and an increased emphasis on the control of insect vectors by local and national government bodies are expected to drive the market
• Companies active in the market are increasingly looking at providing convenience to household consumers.
• There is also a shift towards safer and environment-friendly household insecticides with the last five years showing an increase in the usage of synthetic pyrethroids.

Key Market TrendsGrowing Mosquito and Bedbugs Population Driving the Market

The population of mosquitos has increased manifolds in the past five years. Mosquitos being one of the major disease-carrying insects have gained serious attention in recent years with a high focus on developing measures to eradicate them. The gradual waning of DDT concentration and urbanization are the major reasons for growing mosquito and bedbug population. Aedes aegypti is a tropical species of mosquito, which is responsible for spreading zika, dengue, and chikungunya. It is one of the major threats of disease transmission. Bedbugs can be seen in both sanitary and unsanitary locations, irrespective of cleanliness. They are primarily found in areas, like nursing homes, schools and daycare centers, offices, hotels, hospitals, and public transportation. The growth of these insects along with the awareness about the spread of diseases by these insects is driving the market for the household insecticides.

Asia Pacific is the Fastest Growing Market

The growth of the household insecticides market is largely driven by increasing demand from the emerging regions like Asia-Pacific due to their multiplying population, rapid urbanization, and rising disposable incomes of people. In addition, the concerns over vector-borne diseases in this region are driving the market. Numerous deaths caused by severe dengue have been reported in the countries in the Asia-Pacific region in the past five years. This has led the governments of these countries to drive awareness regarding keeping their households insects-free. This is one of the major reasons why the household insecticides market is flourishing in this region and is expected to do so in the forecast period as well.

Competitive Landscape

The Household Insecticides Market is consolidated with major players accounting for the majority of the share of the market. Product innovation is a go-to-market strategy adopted by firms to increase market penetration in rural areas and consumption growth in urban areas. The players are also heavily focusing on developing integrated marketing communications like television, newspapers, internet, and radio advertisements to increase sales.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Amplecta AB
FMC Global Specialty Solutions
Godrej Consumer Products Ltd
Natural INSECTO Products, Inc.
Nicols International Sa.
S.C. Johnson & Son
Shogun Organics
Spectrum Brands Holding

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.