Household Insecticides Market is Expected to Reach US$ 18,514.3 Mn in 2027: Top Key Players are Godrej Consumer Products Limited, Liphatech, Neogen Corporation, SC Johnson & Son

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.

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In the Asia Pacific region, termites and other insects are of major risk for wood products in many situations for both permanent needs and short terms. The rise and expansion of the building and construction industry have been another contributing to the growth of the household insecticides market in the Asia Pacific region. With the presence of large household insecticides manufacturers in Japan, India and China, there has been an increasing demand for household insecticides in this region. The growing awareness of the harmful effects of insects such as mosquitoes, flies, cockroaches, rats and others has led to an elevated consumption rate of household insecticides in the Asia Pacific region. There have been growing occurrences of malaria in the Asia Pacific countries that have led to the growing use of household pesticides in this region. The consumers in the Asia Pacific region are well educated of the fact that these insects prove to be carriers of some of the most toxic epidemic diseases that have led to an elevation in the use of household insecticides in this region.

The market for global household insecticides is concentrated with some very well-established players. Some of the key players in the global household insecticides market include 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 Laboratories among others.

Insect Types Insights

Based on insect types, the household insecticides market is bifurcated based on mosquitoes & flies, rats & other rodents, termites, bedbugs & beetles and others. The mosquitoes & flies segment dominated the global household insecticides market. Mosquitos and flies are one of the major insects which are perceived to cause diseases. In recent years, the government across the world is focusing upon developing measures to eradicate them. Increase in unhygienic environmental conditions and rapid urbanization are leading to multiplication of mosquito and flies population. The rising instances of insect-borne diseases is motivating the vendors to introduce new products for household insecticides such as mosquito repellents and care products. Rise in populations of insects along with the growing awareness about the spread of diseases by these insects is expected to drive the growth of the household insecticides market.

Composition Insights

The household insecticides market is bifurcated based on composition into natural and synthetic. The synthetic form of household insecticides is dominating the market for household insecticides. The synthetic household insecticides are considered as an effective solution to eradicate insect population in comparison to natural form of household insecticides. The rising awareness of the effects of insects and it playing the role of epidemic diseases has led to an upsurge in the use of synthetic household insecticides in particular which has led to the growth of the segment in the household insecticides market.

Reasons To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global household insecticides market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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