A recent report published by Infinium Global Research on household insecticide market provides an in-depth analysis of segments and sub-segments in the global as well as regional household insecticide market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional household insecticide market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global household insecticide market. According to the report, the global household insecticide market is projected to grow at a CAGR of 5.8% over the forecast period of 2019-2025.
Market Insight
Household use of insecticide to kill mosquitoes and other insect pests. Household insecticide includes natural and synthetic substances applied to the clothes, skin and the surfaces of houses to control the growth of insects. It is used in the form of ready–to–use sprays, dust, or baits specifically marketed for in-home use. The major insecticides used for household include malathion, neem oil, carbaryl, spinosad, azadirachtin, and pyrethrin. Among them, Pyrethroid insecticides are a special chemical class used against a wide range of pests.
The increasing health and hygiene awareness among the people across the globe drive the growth of the household insecticide market. Additionally, growing incidences of insect-borne diseases, such as malaria is another major factor escalating the growth of the market. As per the World Health Organization, it is estimated that more than 300 million malaria cases were detected per year and several million deaths, transmitted by mosquitoes Anopheles spp. Furthermore, increasing inclination towards environment-friendly household insecticides is likely to aid market growth. With the growing number of awareness campaigns organized by the government, organizations are also escalating market growth. However, adverse effects on human health due to synthetic insecticides is expected to hamper the growth of home insecticides in the market.
Among the region, the global household market is segmented into North America, Europe, Asia Pacific, and RoW. Among the regions, North America holds the dominant market share in the global household insecticides market and is anticipated to maintain its leading position over the forecast period. The U.S. is the largest consumer and producer of household insecticides. Asia Pacific region is expected to grow at the highest CAGR owing to the increasing consumption of household insecticide along with rising hygiene awareness among people. The developing countries such as China and India are a major contributor to the Asia Pacific region owing to the awareness of home pest control methods.
Segment Covered
The report on global household insecticide market covers segments such as nature, product form, and insect type. On the basis of nature, the sub-markets include natural household insecticides, and synthetic household insecticides. On the basis of product form, the sub-markets include sprays, liquid, powdered granule, and other product forms. On the basis of insect type, the sub-markets include mosquitoes, cockroaches, ants, flies & moths, rats & rodents, and other insect types.
Companies Profiled:
The report provides profiles of the companies in the market such as Spectrum Brands Holdings, Inc., Shogun Organics Ltd., S. C. Johnson & Son, Inc., Nicols International Sa., Natural Insecto Products, Godrej Consumer Products Limited, FMC Global Specialty Solutions, and Amplecta AB.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of household insecticide market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
