The household insecticides market is estimated to be valued at USD 18.34 Bn in 2024 and is expected to reach USD 28.32 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 18.34 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
6.40% |
2031 Value Projection: |
US$ 28.32 Bn |
Figure. Household Insecticides Market Share (%), By Region 2024
The global household insecticides market has been witnessing steady growth over the past few years. Insecticides play a pivotal role in protecting households from the menace of insects like mosquitoes, houseflies, cockroaches, and others. Rapid urbanization, coupled with changing lifestyles and growing awareness about vector-borne diseases, has been boosting the sales of household insecticides. Moreover, constant R&D by manufacturers to introduce bio-based and eco-friendly insecticide formulations is creating new avenues in this industry. However, stringent regulations surrounding the use of chemical insecticides may hamper the market growth to some extent going forward.
Market Dynamics:
The household insecticides market is driven by rising urban population, increasing awareness about vector-borne diseases, and constant innovations by manufacturers. However, stringent regulations surrounding chemical insecticides are expected to restrain the market growth. Some key opportunities in the market include the growing adoption of organic and herbal products and expansion into emerging economies. The rising urban population has been increasing the threat of insect-borne diseases like malaria and dengue. This is fueling the demand for effective household insecticides. Moreover, growing awareness about health issues caused by insects is propelling the sales of insect repellents and mosquito coils/liquid vaporizers. On the other hand, strict norms issued by regulatory bodies like REACH and EPA have been limiting the use of certain toxic ingredients in insecticide formulations. This is forcing manufacturers to develop bio-based products using plant-derived essential oils.
Key Features of the Study:
- This report provides in-depth analysis of the global household insecticides market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global household insecticides market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Godrej Consumer Products Ltd., Reckitt Benckiser Group PLC, S. C. Johnson & Son., Spectrum Brands Holdings, Dabur India Limited, Amplecta AB, Jyothy Laboratories Ltd., Earth Chemicals Co. Ltd., Jaico RDP NV., Sumitomo Chemical India Ltd., Rallis, FMC Global Specialty Solutions, Natural INSECTO Products, Inc., Nicols International Sa., S.C. Johnson & Son, and Shogun Organics
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global household insecticides market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global household insecticides market
Detailed Segmentation-
- By Type:
- By Purpose:
- Mosquitoes and Flies Control
- Rat and Rodent Control
- Termite control
- Bedbugs and Beetle Control
- Others
- By Packaging
- Small (50-200 ml)
- Medium (200-500 ml)
- Large (500 ml and above)
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Godrej Consumer Products Ltd.
- Reckitt Benckiser Group PLC
- S. C. Johnson & Son.
- Spectrum Brands Holdings
- Dabur India Limited
- Amplecta AB
- Jyothy Laboratories Ltd.
- Earth Chemicals Co. Ltd.
- Jaico RDP NV.
- Sumitomo Chemical India Ltd.
- Rallis
- FMC Global Specialty Solutions
- Natural INSECTO Products, Inc.
- Nicols International Sa.
- S.C. Johnson & Son
- Shogun Organics