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Household Insecticides Market Expected to Reach $31.1 Billion by 2032—Allied Market Research

 
2022
Household Insecticides Market

Report Code : A03041

quote The global household insecticides market is expected to possess high growth potential in the coming years, due to the increasing government initiatives promoting the use of insecticides in households and the rise in awareness of health and hygiene. However, the availability of alternative pest control methods and the emergence of resistance in insects are hampering the market. In addition, the advancement in insecticide release technologies is providing the market with lucrative opportunities in the future. quote

Yerukola Eswara Prasad - Manager
Materials and Chemicals at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Household Insecticides Market," The household insecticides market was valued at $15.2 billion in 2022, and is estimated to reach $31.1 billion by 2032, growing at a CAGR of 7.5% from 2023 to 2032.

Household insecticides refer to various chemicals that are used for insect control in domestic settings. They are primarily used against flies, cockroaches, mosquitos, rats, and mice. Household insecticides are less toxic to humans and are manufactured using natural or synthetic substances, such as hydroxyethyl isobutyl piperidine carboxylate, citronella oil, and geraniol oil.

These insecticides are commonly used in the form of sprays, mosquito coils, oil sprays, or slow-release vaporizing systems. They are applied to or sprayed on the floors, walls, and closed spaces to minimize the growth of insects, which aids in preventing the spread of vector-borne diseases.

The increase in number of mosquitoes and bedbugs is expected to contribute to the growth of the household insecticides market. The surge in mosquito population contributes to an increased risk of vector-borne diseases, such as malaria and dengue, increasing the urgency for protective measures.

Simultaneously, the resurgence of bedbug infestations poses a persistent challenge, compelling consumers to seek potent household insecticides to safeguard against these nocturnal pests. This growing threat to public health, coupled with increased consumer awareness about the risks associated with insect infestations, underscores the pivotal role of insecticides in maintaining a hygienic living environment.

Health and environmental concerns pose significant restraints on the household insecticide market, as consumers increasingly prioritize the safety of their homes and the environment. The use of potentially harmful chemicals in traditional insecticides has raised concern regarding indoor air quality and long-term health implications. In response, consumers are seeking alternatives that are perceived as safer and more environmentally friendly.

In addition, stringent regulations from governing bodies further contribute to the challenges faced by manufacturers in maintaining compliance with safety standards. The industry is under pressure to innovate and develop insecticides that are effective yet pose minimal risks to human health and the ecosystem.

The household insecticides market is anticipated to experience significant growth, with emerging economies presenting lucrative opportunities. There is a rise in demand for effective pest control solutions with rapid urbanization and an increase in disposable incomes in these regions. The increased population density in urban areas increases the risk of pest infestations, thereby boosting the requirement for household insecticides.

Moreover, the surge in awareness of health and hygiene with the pace of urbanization, contributes to the market growth. There is a noticeable demand for household insecticides in the market in economically emerging areas such as the Asia-Pacific, Africa, and Latin America. The focus on preventing vector-borne diseases and evolving consumer lifestyles positions these economies as pivotal growth centers for the household insecticide industry.

The household insecticides market is segmented based on product type, composition, application, and region. By product type, the market is divided into sprays, aerosols, coils, electric vaporizers, creams and lotions, baits and traps, powders and granules, and others. By composition, it is categorized into natural and synthetic. By application, it is classified into mosquitoes, flies, cockroaches, ants, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Based on product type, the household insecticides market is divided into sprays, aerosols, coils, electric vaporizers, creams and lotions, baits and traps, powders and granules, and others. Creams and lotions is projected to be the fastest-growing segment and sprays have garnered the highest share in the household insecticides market.

Based on composition, the household insecticides market is bifurcated into natural and synthetic. Synthetic is projected to be the fastest-growing segment and natural has garnered the highest share in the household insecticides market.

Based on application, the household insecticides market is classified into mosquitoes, flies, cockroaches, ants, and others. Flies is projected to be the fastest-growing segment and mosquitoes have garnered the highest share in the household insecticides market.

The major players operating in the global household insecticides market include FMC Global Specialty Solutions, S. C. Johnson & Son, Inc., Dabur India Ltd., Neogen Corporation., Spectrum Brands, Inc., Shogun Organics, Amplecta AB, Reckitt Benckiser Group PLC, Jyothy Laboratories Ltd., and Sumitomo Chemical India Ltd.

Other players include BASF SE, Bayer AG, Jaico RDP NV., Earth Chemicals Co. Ltd., The Scotts Miracle-Gro Co., Enesis Group, Godrej Consumer Products Ltd., Sanmex International, Gharda Chemicals Ltd., Natural Insecto Products Inc., Walco-Linck Company and Zapi SpA.

Key Findings Of The Study:

  • On the basis of product type, the creams and lotions segment is expected to grow at a CAGR of 7.4%, in terms of revenue, during the forecast period.
  • On the basis of consumption, the synthetic segment is expected to grow at a CAGR of 7.7%, in terms of revenue, during the forecast period.
  • On the basis of application, the flies segment is expected to grow at a high CAGR, in terms of revenue, during the forecast period.
  • Region-wise, Asia-Pacific garnered a major share in 2022 in terms of revenue.

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quote Household Insecticides Market by Product Type (Sprays, Aerosols, Coils, Electric Vaporizers, Creams and Lotions, Baits and Traps, Powders and Granules, Others), by Composition (Natural, Synthetic), by Application (Mosquitoes, Flies, Cockroaches, Ants, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032 quote

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