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Home Insecticides Market

Home Insecticides Market

Home Insecticides Market By Form (Sprays, Aerosol, Electric, Coils, Baits, Home Creams & Others), By Composition (Natural, Synthetic), By Distribution Channel (Supermarkets & Hypermarkets Drug Stores), By Application & By Region - Global Market Insights 2022-2032

Home Insecticides Market
FACT127MR
  • Sep-2022
  • List of Tables : 321
  • List of Figures : 108
  • 170 Pages
  • Consumer Goods

Home Insecticides Market Outlook (2022-2032)

The global home insecticides market is expected to secure US$ 14.96 Billion in 2022. During the forecast period of 2022-2032, the global home pesticides market is projected to exhibit a CAGR of 6.84% while garnering a market value worth US$ 29 Billion.

The market development can be attributed to the growing acceptance of home insecticides for safety needs and healthy environment requirements.

Report Attribute

Details

Anticipated Base Year Value (2021)

US$ 14 Billion

Expected Market Value (2022)

US$ 14.96 Billion

Projected Forecast Value (2032)

US$ 29 Billion

Global Growth Rate (2022-2032)

6.84%

Home Insecticides Provider

  • 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

Home insecticides are used to get rid of insects like rats & rodents, mosquitos, ants, and cockroaches. They are applied to the surface or clothes of the house to control the growth of such insects. Home insecticides are available in various forms, including aerosols, vaporizers, powdered, patches, roll-ons, creams, and granules.

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2017-2021 Revenue Analysis of Home Insecticides Market vs. Future Outlook 2022-2032

Rapid urbanization across the globe is increasing the market growth significantly. From 2017-2021, the global home for insecticides is expected to have displayed a CAGR of 6%. The fast development, rising disposable income in developing countries, and rising consciousness for hygiene are expected to have benefitted the market during the aforementioned period.

Also, the increasing launch of new products by players in the market is expected to have developed the market. For instance, In November 2020, Insecticides India launched 3 new products with enhanced quality for which investments worth 150 crores were raised. The initiative was launched to boost its capacity in Rajasthan and Gujrat. Such factors are projected to have made significant contributions to developing the market from 2017-2021.

From 2022-2032, the global home insecticides market is anticipated to display a CAGR of 6.84%. The growth of the market can be attributed to the growing awareness regarding safe, healthy, and risk-free life. Further, the rising demand for the prevention of insect-borne diseases is likely to increase demand for such products.

In addition, ongoing innovation in the market is expected to propel the market in the forecast period. For instance, in November 2020, Syngenta developed an innovative active insecticide gradient Spiropidion to neutralize a wide number of pests. Attributed to such factors, the market for home insecticides market is anticipated to augment the market in the forecast period.

Major Factors Driving the Home Insecticides Market

Growing Demand to Prevent Insect-borne Diseases to Drive the Market

The home insecticide market is projected to be driven by the increasing demand to prevent the spread of insect-borne diseases. As the population is expanding, they are increasingly becoming prone to suffer from pest infection. Increasing awareness of a hygienic, safer lifestyle and risk-free lifestyle is expected to propel the market in the forecast period.

Low tolerance toward pest menace is a significant driver for the market. Further, a rise in government programs is encouraging the application of household insecticides, and developments in pesticide release technologies like aerosols, sprays, and gels. Such factors are expected to benefit the market during the forecast period.

The growing launch of new products by players in the market is expected to widen the market size in the coming time. For instance, in February 2022, Godrej Agrovet Limited, announced the launch of Gracia (Fluxametamide, an isoxazoline compound) in the Indian market. It is patented chemistry discovered and developed by Japan’s Nisan Chemical Corporation and will be introduced in India through collaboration with Godrej Agrovet.

Growing Mosquito and Bedbugs Population to Favor the Market Growth

The increasing population of mosquitoes and the spread of diseases by them are expected to drive the market in the forecast period. The gradual waning of DDT concentration and urbanization are the major reasons for the growing mosquito and bedbug population. Players in the market are launching various products which will benefit the market in the forecast period.

For instance, in September 2021, Rentokil PCI launched ‘Mosquito Control Innovation’ to keep mosquito-borne diseases at bay. Known as ‘Cold Fogging’, the innovative solution involves blasting the mixture of insecticide and water into very fine micron-sized droplets through a fogging (ULV) machine. Such factors are projected to augment the market in the forthcoming period.

Other factors developing the market include a rise in urban population, increasing disposable income, and a growing need for products that keep household menaces such as ants, mosquitoes, and cockroaches. Thus, the market is projected to flourish significantly in the forecast period.

An Adaptive Approach to Modern-day Research Needs

Factors Hampering the Home Insecticides Market

Harmful Impacts Associated with Home Insecticides to Hamper the Market

Long exposure to a harmful chemical present in home insecticides is likely to affect human health, which is expected to hamper the market during the forecast period. The smell of these products can result in dizziness or enhance respiratory problems, which is another factor hampering the market in the assessment period. Further, lack of information on the adequate usage and storage of insecticides is a significant constraint to the sales of the product, thereby, hampering the industry growth.

Comparative View of Adjacent Home Insecticides Market

Home Insecticides Market :

Attributes

Home Insecticides Market

Market Value (2032)

US$ 29 Billion

CAGR (2022-2032)

6.84%

Growth Factor

The market development can be attributed to the growing acceptance of home insecticides for safety needs and healthy environment requirements.

Opportunity

The increasing population of mosquitoes and the spread of diseases by them are expected to drive the market in the forecast period.

Home & Garden Pesticides Market :

Attributes

Home & Garden Pesticides Market

Market Value (2032)

US$ 15 Billion

CAGR (2022-2032)

6.76%

Growth Factor

The growing inclination of consumers towards gardening activities and growing investment in urban green space are expected to drive the market during the forecast period.

Opportunity

Growing demand for hydroponics is expected to offer significant growth opportunities in the forecast period.

Home Improvement Market :

Attributes

Home Improvement Market

Market Value (2032)

US$ 577 Billion

CAGR (2022-2032)

5.37%

Growth Factor

Rapid urbanization across the globe along with DIY home remodeling and renovations are expected to benefit the market during the forecast period.

Opportunity

The growing popularity of smart kitchens and rising adoption of smart home technology are projected to provide remunerative opportunities to the market in the forecast period.

Segmentation Analysis

What is the Role of Natural Home Insecticides in Developing the Industry?

Increasing Demand for Natural Remedies to Benefit the Segment

Owing to various side effects of synthetic insecticides, the demand for natural home insecticides has increased significantly. Increasing awareness related to health and growing concern over the potential harm caused by synthetic insecticides has increased the demand for natural insecticides.

For instance, Godrej launched an organic mosquito repellant that is composed of neem and turmeric. Such factors are expected to benefit the segment growth during the forecast period.

How is Mosquito & Flies Control Segment Driving the Home Insecticides Market?

Growing Spread of Diseases by Mosquitos and Flies to Drive the Market

As per WHO, malaria claims about 2 million lives of infants, annually. Therefore, the demand for mosquito and flies repellant has increased considerably, thereby, benefitting the segment in the forecast period.

Also, manufacturers across the globe are focusing to develop better and environment-friendly solutions for the prevention of the spread of such diseases, which is projected to aid the segmental growth in the forecast period.

What is the Contribution of Startups in Developing the Home Insecticides Market?

Urbanns, SOLASTA, BioPhero, Rallis India, Disinfecto Chemical Industries, and Aimco Pesticides are some of the emerging names in the home insecticides market.

Recent Updates among the Startups :

  • In August 2021, SOLASTA Bio, a Glasgow University spin-out, nabbed seed funding of around €1.5 million to support the development of its nature-inspired pesticides. Investors in this round include The Yield Lab Europe, SIS Ventures, members of Cambridge Agritech, and UKI2S, which also provided access to the Innovate UK sub-fund grant.

Regional Analysis

How is the Presence of Established Players Driving the Home Insecticides Market in North America?

As per the analysis, North America is expected to dominate the global home insecticides market during the forecast period. The U.S is likely to make the maximum contribution in developing the market from 2022-2032. In 2021, the U.S is likely to have secured US$ 10.2 Billion of global revenue.

The domination of the region can be attributed to the presence of established players in the region. Also, with the implementation of EPA regulation, the application of insecticides has become mandatory in the country, thus, benefitting the regional market.

Other factors contributing to the market growth include increased awareness, and growing concern toward hygiene, among others. Such factors are expected to benefit the market during the forecast period.

How is Growing Awareness of Pest Control Methods in APAC Developing the Home Insecticides Market?

According to the analysis, Asia Pacific is anticipated to display maximum opportunities for growth along with the highest CAGR during the forecast period. From 2022-2032, the region is likely to exhibit a CAGR of 4.8%.

The rapid development of the region can be attributed to the increasing awareness of pest control and the presence of various developing countries such as India, China, and Japan. Other factors contributing to the market growth include urbanization, increasing disposable income, and rising awareness about health and hygiene.

In addition, ongoing R&D in the field is likely to augment the market size in the forecast period. For instance, in July 2022, The Indian Council of Medical Research (ICMR)’s research center in Puducherry developed a technology to produce Bacillus thuringiensis israelensis (Bti strain VCRC B-17), a strain of bacteria that kills mosquito and black fly larvae without harming other animals. The Bti bacteria has been in use for decades for mosquito control and is considered safe for other animals and the environment. Such factors are expected to benefit the market in APAC during the forecast period.

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Competition Analysis

Key players in the global home insecticides market include 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, and PelGar International.

Recent Update from the Industry :

  • In September 2020, Mitsui & Co., Ltd., and Nippon Soda Co., Ltd., announced the acquisition of majority shares in Bharat Insecticide Limited, an Indian agrochemical company, through the special purpose company co-founded by Nisso and Mitsui. Mitsui and Nisso intend to contribute to the expansion of BIL's business in India by inducing synergy with Mitsui's global assets and by introducing Nisso's competitive products into BIL's portfolio.
  • In April 2020, Sumitomo Chemical Company Limited successfully completed the acquisition of four South American subsidiaries in Brazil, Argentina, Chile, and Colombia. It is owned by group companies of Nufarm Limited, a known Australian agricultural chemical company, through Sumitomo Chemical’s wholly-owned subsidiaries in the region.

Key Segments in Home Insecticides Industry Research

  • By Form :

    • Sprays
    • Aerosol
    • Electric
    • Coils
    • Baits
    • Creams
    • Gels
    • Mats
    • Patches
    • Liquid
    • Roll-ons
    • Powdered Granule
  • By Composition :

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

    • Supermarkets & Hypermarkets
    • Drug Stores
    • Convenience Stores
    • e-Commerce
  • By Application :

    • Mosquito & Flies Control
    • Rat & Rodent Control
    • Termite Control
    • Bedbugs & Beetles
    • Cockroaches

- FAQs -

The global home insecticides market is expected to hold a value worth US$ 29 Billion by 2032.
The home insecticides market in APAC is expected to display a CAGR of 4.8% during the forecast period.
The home insecticides market in the U.S is expected to have secured about US$ 10.2 Billion in 2021.
Spectrum Brands limited, Sumitomo Chemicals, Kittrich Corporation, Sanmex International, LODI UK LIMITE, and PelGar International are some of the eminent players in the global home insecticides market.
The global home insecticides market is anticipated to value at US$ 14.96 Billion in 2022.
The global home insecticides market is anticipated to have secured 14 Billion in 2021.

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