December 2, 2024
Household Insecticides Market

Household Insecticides Market is Witnessing Mass Adoption with Increasing Consumer Awareness

The household insecticides market comprises products such as mosquito repellents, mosquito coils, electric vaporizer mats, liquid vaporizers, gel vaporizers, aerosol sprays/foggers, and baits that help protect households from insects and other pests. Household insecticides provide an effective and convenient way to keep insects at bay, thereby maintaining hygiene and preventing the spread of diseases.

The Global Household Insecticides Market is estimated to be valued at US$ 22123.66 Mn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 To 2031.

Household insecticides have become an essential part of everyday household cleaning products for many families across the world. These products cover a range of formulations from sprays and coils to mats and liquid vaporizers and help protect households from common insects like mosquitoes, flies, ants, cockroaches and more.

Household Insecticides Market size provides an affordable way to safeguard health and prevent the spread of insect-borne diseases. With growing awareness about the role of insects in transmission of illnesses, the demand for effective and convenient household protection measures is increasing steadily. The Global Household Insecticides Market is driven by changing lifestyles, increasing middle-class population, and rapid urbanization in developing regions.

Key Takeaways

Key players operating in the Household Insecticides Market are Godrej Consumer Products Ltd., Reckitt Benckiser Group PLC, S. C. Johnson & Son., Spectrum Brands Holdings, Dabur India Limited, Amplecta AB, Jyothy Laboratories Ltd., Earth Chemicals Co. Ltd., Jaico RDP NV. and Sumitomo Chemical India Ltd. These companies are focusing on new product launches and investing in marketing activities to strengthen their position in the market.

The growing middle-class population across Asia Pacific and Latin America coupled with rising awareness about health protection is fueling the demand for effective and easy to use household insecticides. Furthermore, rapid urbanization has increased the presence of insects and mosquitoes in residential areas, driving more households to adopt insect control measures.

Global leaders are expanding their operations in emerging markets through partnerships, acquisitions, and by launching tailored and affordable product ranges. Asia Pacific, Latin America, Middle East, and Africa are witnessing higher adoption of household insecticides in line with improving economic conditions and rising consumer spending on health and homecare products.

Market Key Trends

One of the key trends witnessed in the household insecticides market is the growing popularity of herbal and plant-based formulations. Consumers are increasingly looking for eco-friendly products owing to health and environmental concerns over chemical-based insecticides. Household Insecticides Market Challenges and Opportunities have led manufacturers to launch natural insecticides containing plant extracts and essential oils that are biodegradable and non-toxic yet effective against insects. This trend is encouraging established players to diversify into herbal products and driving the entry of organic brands, improving the competitive landscape of the market.

Porter’s Analysis

Threat of new entrants: The household insecticides market requires huge investments in R&D along with branding and marketing efforts to gain consumer trust, making it difficult for new players to enter.

Bargaining power of buyers: Buyers have high bargaining power in this market as there are numerous established brands providing similar products. Buyers can choose from various options based on price and effectiveness.

Bargaining power of suppliers: A few big multinational corporations dominate the supply landscape in this market. However, suppliers have moderate bargaining power due to low switching costs for brands.

Threat of new substitutes: Substitutes include other household pest control methods like plant-based options, but they require more frequent application and are less effective than chemical insecticides.

Competitive rivalry: being a crowded market with established brands, competition is high based on pricing, marketing initiatives and continuous new product launches.

Geographical regions: Asia Pacific dominates the global household insecticides market, holding a share of over 35% in 2023, driven by huge population size and growing middleclass in India and China. With rising internet and e-commerce penetration, online sales are projected to accelerate market growth in the region during the forecast period.

North America is also a major region concentrated with household insecticides consumption, valued at over US$ 4 Bn in 2023. The region holds significant potential owing to growing consumer awareness about health issues caused by pests as well as availability of innovative products from key players.

The fastest growing regional market for household insecticides is expected to be Latin America through 2031. Factors such as urbanization, high infestation rates, and expanding retail distribution are estimated to drive substantial gains across countries like Brazil and Mexico.

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*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.

Money Singh
Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn

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