Press release
Household Insecticides Market Sales to Cross US$ 31.66 Bn by the end of 2033-PMR study
Household Insecticides Market to 2032The global household insecticide market is estimated to be valued at over US$ 16.09 Bn as of 2023. Consumption of household insecticide is projected to increase at 7.0% CAGR during the period of 2023 and 2033 on a volume basis. As per the research conducted by Persistence Market Research, the global market of household insecticide consumption across the world is expected to reach a value of US$ 31.66 Bn by the end of 2033.
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The household insecticides market refers to the market for insecticides that are used in households to control and eliminate pests such as ants, cockroaches, mosquitoes, flies, and other insects. Household insecticides are available in various forms, including sprays, liquids, powders, and baits.
The demand for household insecticides is driven by the need to protect households from pests and the diseases they carry. Pests can cause damage to property, contaminate food, and pose a health risk to humans and pets. As a result, the use of household insecticides is essential for maintaining a clean and healthy living environment.
The global household insecticides market is expected to grow at a steady pace, driven by the increasing urbanization and the rising standards of living. The market is highly competitive, with a few large players dominating the industry. These companies invest heavily in research and development to produce high-quality and effective products.
Key Players-
• S. C. Johnson & Son Inc
• Reckitt Benckiser Group PLC
• Godrej Consumer Products Ltd
• Spectrum Brands Holdings
• Dabur India Limited
• Bonide Products Inc
• Pelgar International Limited
• Tiger Brands Ltd
• Amplecta AB
• Jyothy Laboratories Ltd
• Earth Chemicals Co. Ltd
• Neogen Corporation
• Liphatech Inc and more
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There are several factors that are driving the growth of the household insecticides market. These include the increasing awareness of the risks posed by pests, the availability of a wide range of insecticides, and the growing popularity of eco-friendly and natural insecticides.
Despite the growth in the market, there are some challenges that the industry faces. One major challenge is the increasing resistance of pests to insecticides, which can impact the effectiveness of household insecticides. In addition, there is also the challenge of managing the environmental impact of insecticides, as some insecticides can be harmful to humans and the environment.
Overall, the household insecticides market is expected to continue growing at a steady pace, driven by the increasing demand for pest control in households. As the market evolves, companies will need to focus on innovation and the development of eco-friendly and effective products to remain competitive.
Key Takeaways from Market Study
• East Asia is the most prominent market for household insecticides. The region is expected to carry its dominance over the forecast period as well.
• Water-based household insecticides are expected to increase their market share due to shifting consumer base toward eco-friendly products.
• Liquid household insecticides are the most preferred across regions.
• Household insecticides to combat cockroaches and mosquitoes are the most-demanded across the world.
• Key manufacturers are engaged in research & development activities to expand their product portfolios with bio-based products and gain a competitive edge in the market.
"Demand for household insecticides is estimated to be significantly driven by rising cases of mosquito-borne diseases such as dengue in urban environments," says a Persistence Market Research analyst.
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Key Questions and Answer -
What is the global valuation of the household insecticide market in 2023?
What is the main factor driving demand for Household Insecticide?
What is the expected consumption outlook of household insecticide through 2033?
Which 5 countries drive most of the demand for Household Insecticide?
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