Latest market study on “Global Household Insecticides Market to 2027 – Analysis and Forecasts by Insect Types (Mosquitoes & Flies, Rats & other Rodents, Termites, Bedbugs & Beetles, Others); Composition (Natural, Synthetic); Packaging (Small, Medium, Large); Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online Stores, Others)”, The global household insecticides market is accounted to US$ 11,785.9 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 18,514.3 Mn by 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The global household insecticides market is accounted to US$ 11,785.9 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 18,514.3 Mn by 2027. The Asia Pacific accounted for the highest share in the global household insecticides market. Rising concerns over vector-borne diseases in this region provide a huge market opportunity for the key players operating in the market. The vector-borne disease is a key challenge faced by Asia countries. The mosquitoes and flies carry pathogens; thus, they are more likely to spread infections. Thus, the rising concerns about vector-borne diseases are significantly fuelling the growth of the household insecticides market in the Asia Pacific region. Numerous deaths caused by dengue have been reported in the countries in the Asia-Pacific region in the past few years. This has led the governments of these countries to drive awareness regarding keeping their households insects-free. This is one of the major reasons for the growth of household insecticides market in this region.
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The household insecticides market on the basis of the insect types is categorized into mosquitoes & flies, rats & other rodents, termites, bedbugs & beetles, and others. The mosquitoes and flies segment dominated the global household insecticides market. Moreover, the rats and others rodents segment is anticipated to grow at a fast pace over the projected period. The growth of the mosquitoes & flies segment is mainly attributed to the increasing occurrences of the epidemic diseases such as malaria in the Asia Pacific region. Moreover, growing health concern among the people in the developed region such as North America has attracted consumers towards the household insecticides. This factor is projected to drive the household insecticides market during the forecast period.
Key Players
- Godrej Consumer Products Limited
- Liphatech, Inc.
- Neogen Corporation
- SC Johnson & Son, Inc.
- Spectrum Brands, Inc.
- Reckitt Benckiser Group plc
- Jyothy Laboratories Ltd.
- Sumitomo Chemical Co., Ltd.
- Bayer AG
- Medella Laboratories
The global household insecticides market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is expected to account for the largest share of the global household insecticides market in 2018, followed by North America. In addition the, China and Japan are the two key countries in the Asia Pacific region which are expected to significantly drive the household insecticides market and also expected to continue its domination in terms of CAGR throughout the forecast period from 2019 to 2027. Some of the major players in the household insecticides market include Godrej Consumer Products Limited, Neogen Corporation, and Reckitt Benckiser Group PLC, among others are focusing on introducing new and innovative products for the increasingly high demand from rural markets
The report segments the global household insecticides market as follows:
Global Household Insecticides Market – By Insect Type
• Mosquitoes & Flies,
• Rats & other Rodents
• Termites
• Bedbugs & Beetles
• Others
Global Household Insecticides Market – By Composition
• Natural
• Synthetic
Global Household Insecticides Market – By Packaging
• Small
• Medium
• Large
Global Household Insecticides Market – By Distribution Channel
• Supermarket/Hypermarket
• Convenience Stores
• Online Stores
• Others
Global Household Insecticides Market – By Geography
- North America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- South America
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