Latest research on the household insecticide market reveals that global sales are expected to reach approximately US$ 17 billion by the end of 2024. The market is poised for significant expansion from 2024 to 2031, reaching a market size of US$ 30 billion by the end of the forecast period.
Market Growth Drivers
The robust growth of the household insecticide market is driven by several key factors:
- Growing Bedbug and Mosquito Population: The past five years have witnessed a significant increase in the mosquito population, leading to heightened concerns about mosquito-borne diseases. Additionally, the resurgence of bedbugs in various environments, including hotels, nursing homes, offices, and schools, has fueled the demand for household insecticides.
- Vector-Borne Disease Concerns: Diseases like Zika, dengue, and chikungunya, spread by mosquitoes, have raised concerns about disease transmission. Household insecticides play a crucial role in controlling these disease vectors.
Challenges in Market Growth
Despite the market's growth prospects, it faces challenges, particularly due to stringent government regulations:
- Regulatory Hurdles: Government agencies such as the Environmental Protection Agency (EPA) and the Food and Drug Administration (FDA) have imposed strict regulations on insect repellents used on human skin. These regulations vary from region to region and can impact the availability of certain chemicals in household insecticides.
- Regional Variation in Regulations: Different regions have varying regulations regarding the concentration of chemicals like DEET in insect repellent products. This creates complexities for manufacturers and can affect market growth.
Country-wise Analysis
Germany: Germany holds a significant share of the European household insecticide market and is expected to account for around 25% of the regional market. The country's market prominence is driven by increasing consumer awareness of vector-borne diseases and the role of insects in their transmission. However, stringent government regulations regarding harmful synthetic chemicals pose challenges to market growth.
India: India emerges as a key emerging market for household insecticides due to its rapid urbanization and increased disposable income among the working population. Rising awareness of vector-borne diseases, government initiatives, and efforts by private healthcare players are expected to drive market growth in the country. Per capita spending on household insecticides is also anticipated to rise significantly.
Competitive Landscape
Key manufacturers in the household insecticide market are actively engaging in strategic activities such as mergers, acquisitions, and collaborations to expand their business reach and gain a competitive edge. Research and development initiatives are a primary focus for these manufacturers, allowing them to update their product portfolios to capitalize on market opportunities.
Key Companies Profiled
- 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
- Zhongshan Lanju Daily Chemical Industries Co., Ltd
- Sumitomo Chemical Co., Ltd
- Kittrich Corporation
- Sanmex International Limited
- Lodi UK
- Evergreen Garden Care
Key Segments Covered in Household Insecticide Market Research
By Product Type
- Gel/Cream
- Mat
- Roll On
- Patches
- Liquid
Aerosol
Vaporizer
By Nature
By Sales Channel
Supermarket
Drug Stores & Pharmacy
Departmental Stores
By Application
- Cockroaches
- Ants
- Flies & Moths
- Mosquitoes
- Rats and Rodents
- Bedbugs & Beetles
- Others
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa