PUBLISHER: The Business Research Company | PRODUCT CODE: 1425548
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425548
Household Insecticides Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on household insecticides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for household insecticides? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The household insecticides market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Household insecticides are substances designed to kill or control pests within homes, targeting creatures like cockroaches, houseflies, and mosquitoes. These insecticides come in various forms and are commonly used indoors to manage pest-related issues.
The primary product types of household insecticides include sprays, vaporizers, mosquito coils, baits, and other formulations. Sprays, for instance, are liquid formulations applied using aerosol cans or trigger pump sprayers. These insecticides are formulated for specific pest control purposes, such as mosquito and fly control, rodent control, termite control, bedbugs and beetle control, among others. The compositions of these products can be natural or synthetic. They are packaged in different sizes, categorized as small (50-200 ml), medium (200-500 ml), and large (500 ml and above) packs. They are distributed through various channels, including online platforms, hypermarkets, supermarkets, drug stores, convenience stores, neighborhood stores, and others.
The household insecticides market research report is one of a series of new reports from The Business Research Company that provides household insecticides market statistics, including household insecticides industry global market size, regional shares, competitors with a household insecticides market share, detailed household insecticides market segments, market trends and opportunities, and any further data you may need to thrive in the household insecticides industry. This household insecticides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historical period can be attributed to increased concerns about pest-related health issues, urbanization and population density, a rise in vector-borne diseases, heightened consumer awareness and education, changing lifestyles and hygiene standards, the availability of affordable and accessible products, climate conditions favorable to pests, and innovations in product formulations in the pest control industry.
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 anticipated growth in the forecast period can be attributed to escalating concerns regarding emerging diseases, the development of eco-friendly insecticides, a growing preference among consumers for do-it-yourself (DIY) pest control, the impact of climate change on pest behavior, a heightened focus on child and pet safety, increasing investments in research and development, and a preference for long-lasting residual formulations. Major trends expected in this period include the use of eco-friendly and natural ingredients, technological advancements in pest control methods, the development of multi-functional products, regulatory emphasis on safety, the provision of customized pest management solutions, the globalization of pest threats, the utilization of social media and digital marketing, and innovation in product formats.
The household insecticides market is set to witness significant growth due to the increasing prevalence of mosquito-borne diseases. Mosquito-borne diseases, including malaria, pose a considerable health risk, with the World Health Organization reporting 619,000 malaria deaths in 2021. The demand for household insecticides is expected to rise as these products play a crucial role in preventing the spread of mosquito-borne diseases. Spraying insecticides indoors effectively reduces mosquito bites, contributing to the overall effort to control and combat such diseases. The persistent threat of mosquito-borne illnesses creates a substantial market demand for household insecticides.
The growth of the household insecticides market is further fueled by increasing concerns regarding hygiene and sanitation. Hygiene and sanitation are paramount for maintaining clean and healthy living environments, and household insecticides play a vital role in addressing pest-related challenges. Controlling pests, such as mosquitoes, rats, ants, and cockroaches, is crucial to prevent the spread of diseases and ensure overall well-being. The link between inadequate WASH (Water, Sanitation, and Hygiene) services and preventable diseases underscores the importance of effective pest control. With 1.4 million annual deaths attributed to preventable diseases, the demand for household insecticides as a hygiene and sanitation solution is on the rise.
Product innovation emerges as a key trend driving growth in the household insecticides market. Major companies are focusing on introducing innovative products that align with evolving consumer preferences and sustainability goals. SC Johnson's launch of the STEM range exemplifies this trend, featuring plant-based pest control products powered by botanical extracts. These products offer effective pest control while being safe for humans and pets, emphasizing a commitment to eco-friendly solutions. This trend reflects a broader industry shift towards more sustainable and scientifically advanced formulations, meeting the demand for effective yet environmentally conscious household insecticides.
Major companies in the household insecticides industry are leveraging next-generation technologies to introduce advanced products and drive market revenues. The launch of Mortein Smart+, a scientifically advanced liquid vaporizer by Mortein, exemplifies this approach. The product boasts an improved insect repellent formulation, providing extended mosquito protection even after turning off. The incorporation of cutting-edge scientific advancements in insecticides enhances their efficacy, contributing to better pest management. As companies continue to invest in technology-driven solutions, the household insecticides market is expected to witness sustained growth, meeting the evolving needs of consumers for enhanced pest control solutions.
In February 2022, Safex Chemicals India Ltd., a prominent India-based agrochemicals company, successfully acquired Shogun Lifesciences Pvt. Ltd. for an undisclosed sum. This strategic move positions Safex as the first organization in India to provide comprehensive solutions under one roof, covering crop nutrition, growth regulation, prevention, protection, safe grain storage, and household chemicals. The acquisition of Shogun Lifesciences is expected to propel Safex beyond Rs 10 billion (approximately $120 million) in sales for the fiscal year 2022-2023. Shogun Lifesciences Pvt. Ltd. is an India-based private company specializing in the manufacturing of household insecticides, particularly for mosquito control in India.
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, and Ecolab Inc.
Asia-Pacific was the largest region in the household insecticides market share in 2023. Asia-Pacific is also expected to be the fastest-growing region in the forecast period. The regions covered in the household insecticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the household insecticides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The household insecticides market consists of sales of N-diethyl-meta-toluamide, picaridin, citronella, and geraniol household insecticides. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.