Household Insecticides Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Form (Liquids, Aerosol Spray, Cream & Gel, And Others), By Insect Type (Mosquitoes & Flies, Termites, Bedbugs & Beetles, And Others), By Type (Synthetic, And Natural), And By Geography - Forecasts From 2019 To 2024

The household insecticide market was valued at US$12.542 billion in 2018 and is projected to expand at a CAGR of 5.47% over the forecast period to reach US$17.264 billion by 2024. Household Insecticides are the chemicals used to kill or remove insects from houses. The products include insect sprays, mosquito coils, slow-release vaporizing systems such as mat and liquid vaporizer, baits to kill roaches, ants, and more. Rising concerns about the risks associated with vector-borne diseases are expected to fuel the growth of the household insecticides market. Governments in several nations have taken up initiatives encouraging the use of household insecticides for protection against diseases. Advancement in insecticide-release technology such as sprays, gels, and aerosols is also a driver for market growth. Adverse effect on human health due to overexposure to insecticides is a restraint for market growth. Insects develop resistance against the insecticides on prolonged exposure which is expected to be a hurdle for market growth. By form cream & gel segment is expected to have significant growth due to the ease of usage. Based on insect type, the mosquito segment is expected to have a significant market share due to the rise in cases of diseases caused due to mosquito bites. The Asia Pacific region is expected to have significant market growth due to increased threats from vector-borne diseases.

 

DRIVERS

Increase in incidence of vector-borne diseases

Government initiatives promoting the use of insecticides in households

Advancement in insecticides release technologies

 

RESTRAINT

Adverse effect on human health due to overexposure

Increase in resistance of vectors to insecticides

 

INDUSTRY UPDATE

In April 2019, a new insecticide developed by Sumitomo chemical and IVCC moved into the next evaluation phase

The household insecticides market has been analyzed through the following segments:

 

By Product form

Liquids

Aerosol Spray

Cream & Gel

Others

 

By Insect Type

Mosquitoes & Flies

Termites

Bedbugs & Beetles

Others

 

By Type

Synthetic

Natural

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others