The household insecticides global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Household Insecticides Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The household insecticides market size has grown strongly in recent years. It will grow from <b>$15.59 billion in 2023 to $16.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. </b> 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 <b>$23.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. </b> 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.
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Scope Of Household Insecticides Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Household Insecticides Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
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.
Key Companies –
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.
Table of Contents
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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