Household Insecticides Market Revenue Statistics, Share, Industry Analysis, Trends and Forecast to 2020-25

According to the latest report by IMARC Group, titled “Household Insecticides Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global household insecticides market reached a strong growth in 2019. Household insecticides are widely utilized to control the growth of mosquitoes and other insects to prevent the spread of vector-borne diseases. They are relatively less toxic to humans and are generally manufactured using natural or synthetic substances, such as citronella and geraniol oil and hydroxyethyl isobutyl piperidine carboxylate. Household insecticides are usually available in the form of oil, sprays, coils and slow-release vaporizing systems.

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Insects represent one of the major causes of disease and discomfort across the globe. Insect-borne diseases, such as malaria, dengue and chikungunya, can impede the economic and social development of a country, especially in the warm and humid regions of the tropics and sub-tropics. Apart from this, local and national governing authorities in numerous countries are presently focusing on controlling insects, which in turn is strengthening the market growth. Furthermore, leading manufacturers in the industry are introducing new, safer and environment-friendly product variants to expand their existing market share. Moreover, advancements in insecticide release technology, such as sprays, aerosols, and gels, are anticipated to bolster the market growth in the coming years. Looking forward, IMARC Group expects the market to expand at a CAGR of around 5% during 2020-2025.

Market Breakup by Packaging:
• Small
• Medium
• Large

Market Breakup by Product Type:
• Sprays
• Electric Vaporizers
• Mosquito Coils
• Baits
• Other

Market Breakup by Composition:
• Natural
• Synthetic

Market Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• General Stores
• Online Stores
• Others

Competitive Landscape Key Player:
• Amplecta
• BASF SE
• Bayer AG
• Dabur India Limited
• Earth Chnsemicals Co. Ltd.
• Godrej Consumer Products
• HPM Chemicals and Fertilizers Ltd.
• Jyothy Laboratories Ltd.
• Neogen Corporation
• Reckitt Benckiser Group Plc
• S.C. Johnson & Son Inc.
• Spectrum Brands Holdings Inc.
• Sumitomo Chemicals Co. Ltd.
• Zapi SPA
• Zhongshan Lanju

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Source: steemit

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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