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Household Insecticides Market 2024 - By Size, Share, Trends, Demand, Global Challenges, Competitive Growth And Outlook By 2033
Household Insecticides Market
As per the report, 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 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%.
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Rising Mosquito-Borne Diseases Propel Growth In The Household Insecticides Market
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.
Household Insecticides Market Driven By Growing Popularity Of Plant-Based Pest Control Innovations
Product innovations have emerged as a key trend gaining popularity in the household insecticides market. Major companies operating in the market are focused on offering innovative products such as plant-based pest control products to remain relevant in their markets while also growing and improving over time. For instance, in June 2022, SC Johnson, a US-based manufacturer of household cleaning supplies and other consumer chemicals launched STEM, a range of innovative pest control products powered by plant-based active ingredients. The product contains botanical extracts that when used in scientifically precise combinations, immobilize bugs while ensuring they are safe to use around humans and pets. Further, these products are free from added dye, fragrance, or harsh chemical odor. STEM offers an effective solution as it contains lemongrass, mint, and rosemary oils with its nozzles customized to target insects directly.
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
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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.
Contents of the report:
1. Executive Summary
2. Household Insecticides Market Report Structure
3. Household Insecticides Market Trends And Strategies
4. Household Insecticides Market - Macro Economic Scenario
5. Household Insecticides Market Size And Growth
…..
27. Household Insecticides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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