Press release
Unveiling the Future: Household Insecticides Market Soars with Business Stats and 2033 Forecasts || Godrej Industries Limited, Liphatech Inc., Dabur India Limited., Jyothy Laboratories Limited
Household Insecticides Global Market Report 2024
The Business Research Company presents an extensive market research report on the Household Insecticides Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The household insecticides market size has grown strongly in recent years. It will grow from $15.59 billion in 2023 to $16.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increased pest-related health concerns, urbanization and population density, rise in vector-borne diseases, consumer awareness and education, changing lifestyles and hygiene standards, affordable and accessible products, climate conditions favorable to pests, product innovation and formulations..
The household insecticides market size is expected to see strong growth in the next few years. It will grow to $23.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to rising concerns about emerging diseases, development of eco-friendly insecticides, consumer preference for diy pest control, impact of climate change on pest behavior, focus on child and pet safety, increasing investments in research and development, preference for long-lasting residual formulations.. Major trends in the forecast period include eco-friendly and natural ingredients, technological advancements, multi-functional products, regulatory emphasis on safety, customized pest management solutions, globalization of pest threats, social media and digital marketing, innovation in product formats..
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Key Market Players:
Major companies operating in the household insecticides market report are Godrej Industries Limited, Liphatech Inc., Dabur India Limited., Jyothy Laboratories Limited, Reckitt Benckiser Group plc, S. C. Johnson & Son Inc., Spectrum Brands Holdings Inc., Sumitomo Chemical Co. Ltd., Zapi SpA, BASF SE, Bayer AG, Neogen Corporation, Anticimex Sverige AB, UPL Limited, The Scotts Miracle-Gro Company, PT Enesis Indonesia, FMC Corporation, Natural INSECTO Products Inc., Amplecta AB, Nicols International SA, Shogun Organics Ltd., Syngenta AG, The Dow Chemical Company, E.I. du Pont de Nemours and Company, Monsanto Company, Nufarm Limited, ADAMA Agricultural Solutions Ltd., Central Garden & Pet Company, The Andersons Inc., Rentokil Initial plc, Ecolab Inc.
Market Drivers:
The increasing prevalence of mosquito-borne diseases is expected to drive the growth of the household insecticides market going forward. Diseases caused by bacteria, viruses, or parasites transmitted by mosquitoes are referred to as mosquito-borne diseases and include diseases such as malaria. The increasing prevalence of mosquito-borne diseases will create significant demand for household insecticides as killing the mosquitos indoors through the spraying of household insecticides helps reduce mosquito bites in households and prevents the spread of mosquito-borne diseases. For instance, in March 2023, according to a report published by the World Health Organization (WHO), a Switzerland-based body of the United Nations that is responsible for public health, the estimated number of malaria deaths stood at 619,000 in 2021 compared to 625,000 in 2020. Therefore, the increasing prevalence of mosquito-borne diseases will drive the growth of the household insecticides market.
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https://www.thebusinessresearchcompany.com/report/household-insecticides-global-market-report
The household insecticides market covered in this report is segmented -
1) By Product: Sprays, Vaporizers, Mosquito Coils, Baits, Other Products
2) By Type: Mosquito And Fly Control, Rodent Control, Termite Control, Bedbugs And Beetle Control, Other Types
3) By Composition: Natural, Synthetic
4) By Packaging: Small (50-200 ML), Medium (200-500 ML), Large (500 ML And Above)
5) By Distribution Channel: Online, Hypermarket, Supermarket, Drug Stores, Convenience Stores, Neighbourhood Stores, Other Distribution Channel
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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