Household Insecticides Market to Hit US$ 18,514.3 Mn by 2027- Liphatech, Neogen Corporation, Spectrum Brands, Jyothy Laboratories

The global household insecticides market 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.

Asia Pacific is leading the market for household insecticides. This growth is attributed to the increasing population of insects and growing environmental concerns of the governments in countries such as India, China, and Japan. Also, rapid urbanization and rise in disposable income is further expected to fuel the growth of the market in the region. Furthermore, the rising prevalence of diseases caused by insects is also fuelling the growth of the household insecticides market.

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The rising demand of household insecticides from the Asia Pacific region is projected to escalate the household insecticides market at a CAGR of 5.2%

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.

Rising acceptance of natural form of household insecticides will create growth opportunities for the global household insecticides market

Natural insecticides are defined as the organic form of insecticides which are derived from a natural source such as a mineral or plant and are usually made for own defense. The use of natural form of insecticides for household or domestic uses is rising on account of the harmful attributes of synthetic form of insecticides. Synthetic insecticides contains harmful chemicals and substances which are perceived to impact the health of individual. The growing awareness related to health and rising concern over the potential harm caused by synthetic insecticides has driven the need for natural insecticides.

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GLOBAL HOUSEHOLD INSECTICIDES MARKET SEGMENTATION

By Insect Types

Mosquitoes & Flies
Rats & other Rodents
Termites
Bedbugs & Beetles
Others

By Composition

Natural
Synthetic

By Packaging

Small
Medium
Large

By Distribution Channel

Supermarket/Hypermarket
Convenience Stores
Online Stores
Others

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This release was published on openPR.