Household Insecticide Market Key Players Analysis, Size, Growth, Trends and Forecast up to 2027

Household insecticide is a substance that is mainly used to kill household insects such as flies, mosquitos, bedbugs, termites, and beetles. The household insecticide consists of ovicides and larvicides, which prevents the growth of larvae and eggs of insects from further development. The insecticide products are readily available and are widely used by professionals and government vector control teams. The usage of household insecticide helps in minimizing the chances of vector-borne diseases like dengue, yellow fever, chikungunya, and malaria. The household insecticide is available in a variety of formats such as lotions, creams, oils, sticks, mats, liquid, aerosol spray, granules, and dustable powders.

The major factors boosting the demand of the Global Household Insecticide market include the rising incidences of vector-borne diseases and the increasing government initiatives towards the promotion of household insecticides across several nations. For instance, vector-borne diseases account for more than 17% of all kinds of infectious diseases resulting in more than 700,000 deaths every year. Moreover, the continuous advancement in the insecticide release technology such as sprays, aerosols, and gels will have a positive impact on the growth of the Global Household Insecticide market over the coming years. The significant shift in the consumer’s demand towards safer and environment-friendly household insecticide will drive the usage of synthetic pyrethroids, thereby accelerating the demand of the market. In addition to this, the growing mosquito and bed bugs population, followed by the rising awareness about the spread of diseases by these insects, will drive the growth of the Global Household Insecticide market during the forecast period. On the other hand, the rising awareness regarding the side effects caused due to prolonged usage of household insecticide will hamper the growth of the Global Household Insecticide market during the forecast period.

Based on the Insect Type, the Global Household Insecticide market is segmented into Mosquitoes & Flies, Rats & Other Rodents, Termites, Bedbugs & Beetles, and Others. The Mosquitoes & Flies segment is anticipated to lead the market during the forecast period owing to the increasing number of hazardous diseases such as Malaria, dengue, and yellow fever mainly caused by mosquitoes and flies. Mosquitoes are mostly found around blocked drains and require stagnant water to lay their eggs. The growing number of mosquitoes and flies across the globe will encourage customers towards the usage of household insecticide during the forecast period.

Based on the Chemical Type, the Global Household Insecticide market is segmented into Synthetic and Natural. The Nature-based household insecticide is expected to grow at a higher CAGR during the forecast period owing to the growing awareness regarding the side effects due to prolonged usage of household insecticides among the consumers across the globe. The natural household insecticides are environment-friendly, relatively cheaper, and provide a long-term solution for the consumers while reducing the risk of skin allergies such as rashes, redness, itchiness, and other skin-type inflammations.

Based on the Form, the Global Household Insecticide market is segmented into Dust and Granules, Liquids, Aerosol Sprays, and Other forms. The Liquid form of household insecticides is anticipated to lead the market during the forecast period owing to the increasing adoption of the liquid form of insecticides among the consumers as a result of its easy vaporizing feature. The liquid form of insecticide consists of a chemical known as Prallethrin, has a low level of mammalian toxicity, less allergic to skin, and minimizes the chances of the carcinogenicity. In addition to this, Aerosol sprays is expected to grow at a higher CAGR during the forecast period due to the increasing demand for aerosol sprays among the customers across the globe. The Aerosol spray offers numerous advantages such as provides even coating, recyclable, and reaches hard to get at places. All these factors will attract consumers towards the usage of aerosol sprays insecticide rather than any other form of household insecticide over the coming years.

Based on the Distribution Channel, the Global Household Insecticide market segmented into Hypermarkets/Supermarkets, Drug Stores, Online, Convenience Stores, and Others. The Hypermarkets/Supermarkets segment is anticipated to lead the market during the forecast period owing to the easy availability of a wide range of branded products at attractive discount offers. Hypermarket offers a great shopping experience with personal assistance to the customers.

Based on the region, the Asia-Pacific is projected to grow at a higher CAGR during the forecast period owing to the growing health concern regarding the vector-borne diseases such as Dengue, West Nile Virus, Lyme disease, and Malaria across the developing economies including India, Japan, and China. With the rapid urbanization and high disposable income, consumer’s preference has shifted towards safer homes, thereby boosting the demand for the Household Insecticide market over the coming years. In 2019, Philippines recorded 146,000 dengue cases followed by Thailand having more than 20,000 dengue cases, whereas Sri Lanka recorded the highest number of dengue cases across Asia, accounting for more than 200,000 cases. Moreover, the rising government initiatives focusing on reducing the diseases caused by mosquitoes and other insects will further complement the demand for the Household Insecticide across the Asian countries.

Various notable players operating in the market include FMC Corporation, Godrej Consumer Products Limited, S. C. Johnson & Son, Inc., Spectrum Brands, Inc., BASF SE, Bayer AG, Amplecta, HPM Chemicals and Fertilizers Ltd., Sumitomo Chemical Co., Ltd., Natural INSECTO Products, Inc., among others.

Key Developments

• In 2018, Godrej Consumer Products Limited launched Goodknight Naturals Neem Agarbatti, which is made up of natural ingredients neem and turmeric which helps to repel mosquitos while providing effective protection.

The Global Household Insecticide market has been segmented based on Insect Type, Chemical Type, Form, Distribution Channel and Region. Based on Insect Type, the market is segmented into Mosquitoes & Flies, Rats & other Rodents, Termites, Bedbugs & Beetles, and Others. Based on the Chemical Type, the market is segmented into Synthetic and Natural. Based on the Form, the market is segmented into Dust and Granules, Liquids, Aerosol Sprays and Other Forms. Based on the Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Drug Stores, Online, Convenience Stores, and Others.

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Created on May 14th 2020 00:05. Viewed 314 times.

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