The Household Insecticides Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Household Insecticides Global Market Report 2024, 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..
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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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
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 report table of contents includes:
1. Executive Summary
2. Household Insecticides Market Characteristics
3. Household Insecticides Market Trends And Strategies
4. Household Insecticides Market – Macro Economic Scenario
5. Global Household Insecticides Market Size and Growth
….
31. Global Household Insecticides Market Competitive Benchmarking
32. Global Household Insecticides Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Household Insecticides Market
34. Household Insecticides Market Future Outlook and Potential Analysis
35. Appendix
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