Nov 13, 2023   SOURCE: BusinessWire

Global Household Insecticide Products Market to Reach $20.7 Billion by 2028, Driven by Public Health Concerns and Changing Lifestyles - ResearchAndMarkets.com

The "Global Household Insecticide Products Market Overview, 2023-28" report has been added to ResearchAndMarkets.com's offering.

The global household insecticides market is projected to be worth USD 20.7 billion by 2028, with a CAGR of 6.08% during the period from 2023 to 2028. In 2022, the market was valued at USD 14.66 billion, driven by several key factors.

Key Drivers:

  1. Safeguarding Public Health: Household insecticides play a crucial role in safeguarding public health by controlling vectors like mosquitoes and reducing the risk of insect-borne diseases such as malaria, dengue, and Zika. These products help mitigate disease transmission, promoting community well-being.
  2. Changing Lifestyles: Modern lifestyles often involve spending more time indoors, making pest control within living spaces essential. Rising disposable incomes and improved living standards contribute to increased spending on products that enhance comfort and hygiene, including household insecticides.
  3. Global Travel and Trade: International travel and trade can introduce invasive pests to new regions. Household insecticides are vital in preventing the establishment and spread of these pests, which can have ecological, agricultural, and health-related consequences.

Product Types:

  • Sprays: Leading the market with the highest share due to their versatility, ease of use, and portability.
  • Electric Vaporizers: Growing market segment known for sustained pest control without frequent reapplication and controlled release of active ingredients.

Applications:

  • Mosquitoes: With the highest market share, as mosquitoes are widespread and require comprehensive pest control solutions.
  • Termites: Growing due to the economic impact of termite infestations and their ability to cause extensive damage to wooden structures.

Composition:

  • Synthetic: Leading the market with powerful and targeted active ingredients known for high efficacy and residual effects on treated surfaces.
  • Natural: A smaller segment focusing on eco-friendly and natural solutions.

Distribution Channels:

  • Supermarkets and Hypermarkets: Preferred for their convenience, offering a one-stop solution for household needs, including pest control products.
  • Convenience Stores and Drug Stores: Also play a role in making household insecticides easily accessible to consumers.
  • E-commerce: An emerging channel, providing convenience and a wide range of product options to consumers.

Regional Insights:

The Asia-Pacific region has emerged as a leader in the global household insecticides market due to its dense population, urbanization, and diverse pest control needs. As urbanization accelerates, the demand for effective pest management solutions becomes urgent, making household insecticides an integral part of daily life in megacities and urban centers. The region's role in mitigating the spread of diseases carried by insects, particularly mosquitoes, has become indispensable.

Recent Market News:

  • In February 2023, Godrej Consumer Products Ltd launched two homegrown innovations: a low-cost liquid mosquito repellent device and a no-gas instant mosquito-kill spray, aimed at addressing the pest control needs of consumers.
  • In May 2022, Spectrum Brand Holdings Inc., known for Cutter insect repellent, redesigned the visual identity of its product, highlighting key benefits on packaging labels to help shoppers choose products that suit their needs.

Key Topics Covered:

1. Executive Summary

2. Market Dynamics

2.1. Market Drivers & Opportunities

2.2. Market Restraints & Challenges

2.3. Market Trends

2.4. Covid-19 Effect

2.5. Supply chain Analysis

2.6. Policy & Regulatory Framework

2.7. Industry Experts Views

3. Research Methodology

3.1. Secondary Research

3.2. Primary Data Collection

3.3. Market Formation & Validation

3.4. Report Writing, Quality Check & Delivery

4. Market Structure

4.1. Market Considerate

4.2. Assumptions

4.3. Limitations

4.4. Abbreviations

4.5. Sources

4.6. Definitions

5. Economic /Demographic Snapshot

6. Global Household Insecticides Market Outlook

7. North America Household Insecticides Market Outlook

8. Europe Household Insecticides Market Outlook

9. Asia-Pacific Household Insecticides Market Outlook

10. South America Household Insecticides Market Outlook

11. Middle East & Africa Household Insecticides Market Outlook

12. Competitive Landscape

12.1. Competitive Dashboard

12.2. Business Strategies Adopted by Key Players

12.3. Key Players Market Share Insights and Analysis, 2022

12.4. Key Players Market Positioning Matrix

12.5. Porter's Five Forces

12.6. Company Profile

12.6.1. Reckitt Benckiser Group plc

12.6.2. Spectrum Brands Holdings, Inc.

12.6.3. Henkel AG & Co. KGaA

12.6.4. FMC Corporation

12.6.5. BASF SE

12.6.6. Bayer AG

12.6.7. Neogen Corporation

12.6.8. S. C. Johnson & Son, Inc

12.6.9. Sumitomo Chemical Co., Ltd.

12.6.10. Corteva, Inc.

13. Strategic Recommendations

14. Annexure

15. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/ohl7a6

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