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Home Insecticides Market

Home Insecticides Market

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

Home Insecticides Market
FACT127MR
  • Sep-2021
  • List of Tables : 321
  • List of Figures : 108
  • 170 Pages
  • Consumer Goods

Market Snapshot

As per latest industry analysis published by Fact.MR, the global market for home insecticides reached around US$ 14 Bn in 2020, and is slated to accelerate at a CAGR of 7% to top US$ 28 Bn by 2031. Demand for natural home insecticides is set to increase at a CAGR of 5% across the assessment period of 2021 to 2031.

Key Points Covered in Home Insecticides Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Home Insecticides Market Size in 2021
  • Brand Share and Market Share Analysis
  • Home Insecticides Market Growth to 2031
  • Key Product Innovations and Regulatory Climate
  • Home Insecticides Market Share in 2021
  • COVID-19 Impact on Home Insecticides Industry and How to Navigate
  • Recommendation on Key Winning Strategies

Home Insecticides Consumption Analysis from 2016-2020 Vs Future Outlook for 2021-2031

As per Fact.MR - a market research and competitive intelligence provider, the global market for home insecticides was valued at US$ 14 Bn in 2020.

There is high demand for home insecticides, ranging from sprays used in the kitchen to garden sprays and mosquito repellents. Home insecticides are widely gaining acceptance due to safety needs and healthy environment requirements. The acceptance of synthetic household insecticides is shifting to natural home insecticides, owing to increasing health awareness across the world.

Market growth is driven by increasing awareness regarding adequate environmental sanitation using environment-friendly household insecticides, latest trends of home insecticides, and rising sales of aerosol home insecticides.

Increased threats from communicable diseases such as malaria and growing emphasis on the control of insect vectors by local and national government bodies are expected to drive the market. Top companies in the home insecticides market are increasingly looking at providing convenience to household consumers.

These factors that are expected to drive the market at a 7% CAGR from 2021 to 2031.

How are Rising Concerns About Vector-Borne Diseases Fueling Market Growth?

Vector-borne diseases remain a key challenge across the world. The spread of these diseases is determined by complex environmental and social factors. As mosquitoes and flies carry pathogens, they are more likely to spread infections

Rising concerns about vector-borne diseases is significantly fueling demand for household insecticides. The World Health Organization estimates that nearly one-sixth of illness and disability suffered across the globe is related to vector-borne diseases, and currently, more than half of the world's population is at risk of these diseases. Vector-borne diseases are responsible are nearly 1.4 Mn global deaths annually.

Rise in incidence of vector-borne diseases, advancements in insecticide discharge technology such as aerosols, gels and sprays, coupled with favorable government initiatives promoting the usage of home insecticide creams, mats, patches, and roll-ons is expected to provide impetus to industry growth.

People are becoming increasingly aware of the risks associated with vector-borne diseases, and during the forecast period, this is expected to change the dynamics of the home insecticides market in a positive way.

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What are the Key Challenges Faced by Home Insecticide Manufacturers?

Home Insecticide products may pose health threats due to prolonged exposure to the smell or harmful chemical emissions. The smoke and ash of insecticide products contain traces of heavy metals such as lead, chromium, tin, and nickel, which are harmful for human health.

Prolonged exposure to harmful chemical emissions of home insecticides can be hazardous for human health. The odor of these product may cause dizziness, nausea or aggravate respiratory problems in vulnerable groups like infants, weak patients and elderly people.

Lack of knowledge regarding the adequate use and storage of insecticides has been a major constraint to the sales of picaridin-based, icaridin-based, and citronella oil-based home insecticides.

Nevertheless, focus of end users on home insecticides should be controlling exposure to reduce the toxicity effect. On the other hand, advent of home insecticides that are organic or labeled minimally toxic and their commercial availability are opening promising avenues in the global insecticides market.

Which Regional Market is the Most Lucrative for Suppliers of Home Insecticides?

The Asia Pacific region leads with more than 50% share in the global market for home insecticides. Rapid urbanization, increasing disposable incomes, and growing awareness regarding vector-borne diseases will propel regional industry growth.

Numerous deaths caused by dengue have been reported in Asian countries over the past years. Increasing governments efforts to spread awareness regarding adequate environmental sanitation and keeping homes insects-free will favor pesticides market growth.

Demand for electric home insecticides, picaridin home insecticides, home insecticides baits, and geraniol-based home insecticides is rising in the region in the wake of alarming health and hygiene issues along with rising prevalence of diseases such as malaria, dengue, and others.

Dominance of the household insecticides market in this region is primarily attributable to the presence of a strong industrial base with prominent manufactures significantly contributing to market growth.

Growing demand for home insecticides coils in Germany, rising sales of natural household insecticides in the U.K, and adoption of new strategies by manufacturers of home insecticides in Australia also supplement the growth prospects of home insecticides in the global market.

Home insecticides market by Fact.MR

An Adaptive Approach to Modern-day Research Needs

Country-wise Analysis

What is the Home Insecticides Demand Outlook for the U.S.?

The market in the U.S. was valued at over US$ 10 Bn in 2020. The U.S. is one of the largest manufacturers of organic home insecticides. Owing to EPA regulations, production and use of insecticides has become mandatory in the U.S., which further leads to huge consumption and production.

The EPA, in cooperation with FDA and USFDA, is the major factor for the production and use of pesticides majorly in the U.S. This is the primary factor that is expected to drive sales of home insecticides at present and in the future as well.

Moreover, the U.S. market has witnessed steady growth due to mixed macro-economic environment signals, which have resulted in relatively higher growth in consumer spending.

Will China Offer Increasing Opportunities for Home Insecticide Suppliers?

By 2031, China is expected to have a market value of roughly US$ 12 Bn. China is a major consumer in the Asia Pacific household insecticides space due to the presence of a large population and increasing disposable income. The China home insecticides market is expanding fast and attracting more manufactures and suppliers due to its high potential.

Owing to globalization and greater purchasing power, consumers are willing to spend more on home insecticides. With increase in discretionary income of consumers, they can now spend more on products that are beyond basic utilities, which, in turn, is favoring market growth in China.

Top mass retailers of organic home insecticides are improving accessibility and permit evaluation of large number of alternatives, as well as provide special offers and discounts. Emergence of organized retail is also playing a crucial role in increasing the availability of home insecticide products across the country.

Category-wise Insights

How is Growing Use of Home Insecticides for Mosquito & Flies Control Stimulating Market Growth?

Flies and mosquitos are vectors for various diseases and accountable for numerous deaths across the world. According to the WHO, malaria is prevalent in 91 nations while 40% of the world population is at risk. In addition, as per the WHO, nearly 2 million deaths occur from an infection due to mosquito bite every year.

Thus, demand for home insecticides to control mosquitoes and flies is highly driven by rise in number of cases of diseases caused by these pests.

Top home insecticide manufacturers are focusing on developing better and environment-friendly solutions for the prevention of such diseases, and are developing advanced mosquito household insecticides products. Growing demand for home insecticide spray and rising sales of electric home insecticides are driving market growth.

Market leaders have already launched top home insecticide brands for mosquito and fly control to offer effective protection.

  • For instance, Godrej Consumer Products Ltd. offers a neem anti-mosquito room spray that is made of 100% natural active ingredients. The Goodknight Naturals Neem Anti Mosquito Room Spray will last up to 750 sprays.

Why is the Popularity of Natural Home Insecticides Rising Rapidly?

Natural insecticides are those insecticides that are derived from a natural source such as a mineral or plant. Demand for such form of insecticides is rising for household or domestic uses attributable to the harmful attributes of synthetic insecticides. Synthetic insecticides contain harmful chemicals and substances that are perceived to impact health.

Growing awareness related to health and rising concern over the potential harm caused by synthetic insecticides has driven the need for natural insecticides. With the growing trend towards natural form of insecticides, top home insecticide spray manufacturers have invested in research & development activities and have introduced natural form of insecticides to meet consumer demand.

For instance, Godrej Consumer Products Limited, a leading provider of home insecticides, has come up with a mosquito repellant agarbatti completely composed of neem and turmeric. The company, through the launch of this natural product, has provided a safe solution at low cost.

As such, sales of natural form of home insecticides are expected to rise over the years ahead.

How Has COVID-19 Impacted Demand for Home Insecticides?

The ongoing COVID-19 pandemic has altered the status of the household insecticides industry. As much as the outbreak has distorted operational efficiency and value chains due to the sudden shutdown of national and international boundaries, it has also positively impacted demand for household insecticides.

With growing consciousness towards health and hygiene, demand for household insecticides is expected to rise globally. Also, as economies are planning to revive their operations, sales of home insecticide dust and granules and liquid home insecticides are expected to rise over the coming months.

Further, significant investments by prominent companies in the development of advanced products is yet another factor supporting market growth.

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Competitive Landscape

The household insecticides industry is consolidated with top online retailers of home insecticides accounting for a majority of the share of the market. Product innovation is a go-to-market strategy adopted by firms to increase market penetration in rural areas and consumption growth in urban areas.

Distributors of citronella oil-based home insecticides are also heavily focusing on developing integrated marketing communications such as television, newspapers, Internet, and radio advertisements to increase their sales.

  • In November 2020, German agrochemicals major Bayers AG inaugurated a new Ethiprole manufacturing plant in Gujarat (India), with an added investment of US$ 2.89 Mn.

Home Insecticides Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Form
  • Composition
  • Distribution Channel
  • Application
  • Region

Key Companies Profiled

  • Shogun Organics Ltd.
  • Nicols
  • Bayer AG
  • Aristo Biotech and Life Science Pvt. Ltd.
  • Bharat Group
  • FMC
  • AIMCO pesticides Limited
  • HPM Chemicals and Fertilizers Ltd.
  • Gharda Chemicals Ltd.
  • Natural Insecto Products Inc.
  • Walco-Linck Company
  • Zapi SpA
  • Godrej Consumer Products Ltd.
  • S. C. JOHNSON & SON, INC.
  • Dabur India Limited
  • Zhongshan Lanju, Liphatech Inc.
  • Neogen Corporation
  • Earth Chnsemicals co. Ltd.
  • Jyothy Laboratories Ltd.
  • Amplecta AB
  • Spectrum Brands limited
  • Sumitomo Chemicals
  • Kittrich Corporation
  • Sanmex International
  • LODI UK LIMITED
  • PelGar International

Pricing

Available upon Request

Key Segments in Home Insecticides Industry Research

  • Form

    • Home Insecticide Sprays
    • Aerosol Home Insecticides
    • Electric Home Insecticides
    • Home Insecticides Coils
    • Home Insecticides Baits
    • Home Insecticide Creams
    • Home Insecticide Gels
    • Home Insecticide Mats
    • Home Insecticide Patches
    • Liquid Home Insecticide
    • Home Insecticide Roll-ons
    • Powdered Granule Home Insecticides
  • Composition

    • Natural Household Insecticides
      • Citronella Oil-based Home Insecticides
      • Geraniol Oil-based Home Insecticides
      • Neem Oil-based Home Insecticides
    • Synthetic Household Insecticides
      • N,N-Diethyl-meta-Toluamide (DEET) Home Insecticides
      • Hydroxyethyl Isobutyl Piperidine Carboxylate (Picaridin) Home Insecticides
      • Icaridin Home Insecticides
  • Distribution Channel

    • Sales of Home Insecticides in Supermarkets & Hypermarkets
    • Sales of Home Insecticides in Drug Stores
    • Sales of Home Insecticides in Convenience Stores
    • Sales of Home Insecticides by e-Commerce
  • Application

    • Home Insecticides for Mosquito & Flies Control
    • Home Insecticides for Rat & Rodent Control
    • Home Insecticides for Termite Control
    • Home Insecticides for Bedbugs & Beetles
    • Home Insecticides for Cockroaches

Home Insecticides Market: Report Scope

A recent study by Fact.MR on the home insecticides market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with home insecticides market!

The study also provides the dynamics responsible for influencing the future status of the home insecticides market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing home insecticides, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of home insecticides across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of home insecticides during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative markets for home insecticides?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the home insecticides industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for home insecticides are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global home insecticides market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the home insecticides market during the forecast period.

Country-specific valuation on demand for home insecticides has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of home insecticides, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering home insecticides has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the home insecticides market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of home insecticides market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The global home insecticides market is currently worth more than US$ 14 Bn.

From 2016-2020, sales of home insecticides registered a CAGR of 4%.

Key factors driving market growth are increasing concerns about vector-borne diseases, rising urbanization, and increased health consciousness among people.

Shogun Organics Ltd, Nicols, Bayer AG, Aristo Biotech and Life Science Pvt. Ltd., and Bharat Group are key suppliers of home insecticide products.

The Asia Pacific region, with 50% global market share, will largely contribute to the growth of home insecticides revenue.

Sales of home insecticides in South Korea will most likely flourish at a CAGR of 4% over the next ten years.

Natural home insecticides continue to be the highest revenue-generating segment accounting for 40% of global revenue.

Home insecticide sales in China are forecasted to reach over US$ 12 Bn by 2031.

The U.S., China, U.K, Germany, and Australia are expected to drive most of the demand for home insecticides.

The market is expected to top a value of US$ 28 Bn by the end of 2031, with sales revenue expected to register a high CAGR of around 7%.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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