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Home Insecticides Market

Natural Home Insecticides to Account for Over 4 in 10 Global Sales: Fact.MR Study

Published : 09 Sep 2021 Industry: Consumer Goods

As per Fact.MR - a market research and competitive intelligence provider, the global home insecticides market is anticipated to top US$ 28 Bn by 2031, progressing at a CAGR of 7% over the next ten years.

Home insecticides are chemicals used to kill or inactivate household insects. Insecticides that are specifically marketed for in-home purposes are used complementary to available non-chemical methods such as exclusion, mechanical disposal, and sanitation to combat pests at homes. These products are available in the form of baits, sprays, powders, and others. Home insecticides come in handy as they can be used as is with no further need for mixing, modification, or dilution.

Demand for home insecticides is increasingly being driven by growing awareness about household hygiene and environmental sanitation. Intensifying focus on sanitation in urban settings has brought routine pest control for killing insects and rodents to the forefront, especially in less developed economies.

Increasing role of home pesticides in integrated pest control is vital for the steady expansion of demand. Growing popularity of synthetic home insecticides is also boosting market growth.

Key Takeaways from Market Study

  • Global home insecticides market to top US$ 28 Bn by 2031.
  • Natural home insecticides projected to reach around US$ 10 Bn by 2031.
  • Synthetic home insecticides projected to record above 4% CAGR over next 10 years.
  • Market in Asia Pacific holds share of more than 50%.
  • Market in India expected to reach valuation of US$ 12 Bn by 2031.
  • Market in Latin America to record 4% CAGR over forecast period of 2021- 2031.

“Increased awareness of the need for a safe and healthy environment has prompted the development of various technologies to combat insect existence in homes and surrounding areas,” according to a Fact.MR analyst

Market Competition

Major players are partnering with governments to eliminate the spread of diseases such as malaria and dengue.

  • For instance, Godrej Consumer Products has actively championed social responsibility and is working on several initiatives to promote more sustainable growth. As a leader of household insecticides in India, it has partnered with the government to support its target of eliminating malaria in India by 2030.
  • In 2019, Spectrum Brands, Inc. donated 10,000 bottles of Cutter Insect Repellent products to the American Red Cross to help with the organization's ongoing disaster relief efforts after Hurricane Dorian.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the home insecticides market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study divulges essential insights on the market on the basis of form (sprays, aerosol, electric, coils, baits, creams, gels, mats, patches, liquid, roll-ons, and powdered granules), composition (natural and synthetic), distribution channel (supermarkets & hypermarkets, drug stores, convenience stores, and e-Commerce), and application (mosquito & flies control, rat & rodent control, termite control, bedbug & beetle control, and cockroach control), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).

About the Retail & Consumer Goods Division at Fact.MR

Retail and consumer goods analysts at Fact.MR have been categorically tracking the broader sub-industries to keep themselves abreast of the recent happenings in the market. Our practical approach to product design and pricing strategy contributes to the growth of businesses that are struggling to hit the ‘move-the-needle’ bottom line. With unmatched analytical diligence, the team at Fact.MR helps organizations design product differentiation strategies and introduce exclusive product(s) to their existing portfolio.

For more information, refer to our market research report or contact the PR author.

Shambhu Nath Jha

Fact.MR

Sr. Consultant – Retail & Consumer Goods

E-mail: shambhu@factmr.com                                                                        

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Home Insecticides Market

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Home Insecticides Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2031