Global Household Insecticides Market Segmentation - by Product Type (Gel/Cream, Mat, Roll on, Patches, Liquid, and Powdered Granules)
Industry: Chemicals and Materials
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 344
Report ID: PMRREP3923
Newly-released data on the household insecticide market shows that global sales are expected to reach around US$ 15,119.5 Mn by the end of 2022, registering a Y-o-Y growth of approximately 7.0%. The market of household insecticide is projected to witness a CAGR of magnitude 7.0 % over the period of 2022 and 2033 on a value basis.
| Attributes | Key Insights |
|---|---|
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Household Insecticide Market Value (2022A) |
US$ 15,119.5 Mn |
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Household Insecticide Market Estimation (2023E) |
US$ 16,099.0 Mn |
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Household Insecticide Market Forecast (2033F) |
US$ 31,669.2 Mn |
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Value CAGR (2023-2033) |
7.0 % |
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Collective Value Share: Top 3 Countries (2023) |
52.8% |
As per the research conducted by Persistence Market Research, the global market of household insecticide consumption across the world is expected to reach a value of US$ 31,669.2 Mn by the end of 2033. East Asia and Europe are anticipated to remain key regions in the household insecticide business owing to growing consumption in Germany, India, and ASEAN countries, and the region is forecast to expand at a CAGR of 7.0% during the same period.
The market of household insecticide had witnessed about 4.1% year-over-year growth in the past years. Demand for household insecticides has been consistently increasing due to the rising concerns about vector-borne diseases. Based on the current estimations, the market of household insecticide is to witness a growth outlook of about 7.0% over the period of 2033 and 2033.
Vector-borne infections are a major problem for many countries and place a significant burden on the healthcare system. Such vector-borne illnesses cause a high number of infections and fatalities, and they continue to be a major global problem. These infections are mainly carried by flies and mosquitoes.
Additionally, the world's population is increasing at a rapid pace, with rapid urbanization and a rise in disposable income, particularly in developing nations like Turkey, ASEAN, China, and India. The average household expenditure on insecticide products is anticipated to rise as a result of the rise in per capita income. Over the course of the projection period, all of these factors are anticipated to increase demand for household insecticides.
Owing to these factors, The Global Household Insecticides Market Value is anticipated to witness substantial growth with a CAGR of about 7.0% during the forecast period of 2023-2023.
Over the past five years, there has been tremendous growth in the mosquito population. The development of strategies to remove mosquitoes, one of the main disease-carrying insects, has received significant attention in recent years. Growing mosquito and bedbug populations are mostly caused by the progressive decline in DDT concentration and urbanization.
Zika, dengue, and chikungunya are tropical mosquito diseases spread by the Aedes aegypti species. One of the main risks of disease transmission is it. Irrespective of cleanliness, bedbugs may be found in both clean and dirty environments. They are mainly seen in places like hotels, nursing homes, childcare facilities, offices, schools, and public transit. Owing to this remarkable rise in bedbugs and mosquito population is expected to benefit the household insecticides market over the forecast period.
Insect Repellents to be used on human skin must first pass various tests by EPA. As a matter of fact, these products must be registered with EPA even before a company can start marketing them. The food and Drug Administration (FDA) has laid down regulations that cover insect-repellent products under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA)
Also, the Centers for Disease Control and Prevention (CDC) recommends the use of products containing EPA-registered active ingredients Differentiation in rules is another issue in this regard. For example, EPA allows sales of repellents with up to 100% DEET in the market in the U.S. However, the Canadian government recommends limiting DEET to 30% in any product.
Moreover, various regulations imposed over the use of synthetic chemicals in household insecticides across various regions are expected to hamper the growth of the market over the forecast period.
Why Does Germany Account for a significant share of the Household Insecticide market?
Demand for household insecticides is expected to remain prominent in Germany and the dominating country in the European household insecticides market. The country is expected to hold around 25% of the regional market. Increasing awareness among consumers about the adverse effects of vector-borne diseases, the role of insects in spreading them, and the wake of alarming health is a key factor propelling the market in the country.
However, various stringent government regulations imposed over harmful synthetic chemicals in the country and European region are expected to hamper the growth of the market over the forecast period.
Why India is a key emerging market for Household Insecticide?
India is a developing country with a substantial contribution to global urbanization development. Over the past two decades, the average disposable income of the working population has increased significantly across the nation. The consumption of household insecticides is anticipated to increase throughout the projection period as a result of the growth in the urban population.
Moreover, per capita, spending on household insecticide is anticipated to increase significantly along with the increase in per capita income across the nation. Awareness of vector-borne diseases is also increasing at very rapid a pace in the country with dedicated efforts from the government as well as private healthcare players.
According to the latest data from WHO, the death rate due to malaria in the country is 1.89 per 100,000 people which ranks the country 45 in the world. With the rise in awareness of such diseases, it is expected to benefit the household insecticides market of the country.
What factors are boosting the demand for natural forms of household insecticide?
Over the forthcoming assessment period of 2023-2033, Natural Insecticides are anticipated to have a significant increase. The market for natural insecticides is being driven by a shift in customer preference toward products manufactured from bio-based materials. Demand is rising as consumers become more aware of the negative consequences of synthetic pesticides.
To meet the increased demand for sustainability, major manufacturers are concentrating hard on creating environmentally friendly solutions employing natural insect repellents like neem extract and others. Despite the fact that they are often more expensive, consumers are purchasing eco-friendly products.
In order to capitalize on the expanding trend, major manufacturers are launching specialized brands and putting efforts into marketing to highlight their eco-friendly product selection. For instance, key manufacturers are engaged in developing household insecticides with various natural insect repellents like Neem, Rotenone, Carboxin, and various others which are capable of providing the same efficiency as synthetic insecticides.
Which Is the Most Preferred Product Type of Household Insecticides?
The most preferred form of the product is liquid household insecticides. In the global market for household insecticides, the liquid-based product type is predicted to have a 48.4% value share in 2022
According to a Persistence Market Research analysis, the demand for the Powder Granules segment is estimated to rise by 5.2% between 2021 and 2022, which is anticipated to result in a total global household insecticides market growth rate of 6.1% in 2022.
New product types are anticipated to enter the market as a result of the increase in R&D activity for product innovation and product portfolio expansion.
Key Manufacturers are engaged in strategic Merger Acquisitions, and collaboration activities to expand the business reach and gain a competitive edge in the market. Key Manufacturers mainly focus on research and development activities to update their portfolio and relish the maximum opportunity created in the market. For Instance,
| Attribute | Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2017-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
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The global household insecticide market is estimated to be valued at over US$ 16,099.0 Mn as of 2023.
The substantial production volume of natural insecticides and the increasing production of bio-based products are expected to drive the market in the coming years.
Consumption of household insecticide is projected to increase at 7.0% CAGR during the period of 2023 and 2033 on a volume basis.
China, the U.S., Japan, India, and Germany are driving most of the demand for Household Insecticides.
