Household Insecticides Market - Forecast(2023 - 2028)

Overview

Household Insecticides Market size is forecast to reach $4.11 billion by 2025, after growing at a CAGR of 6% during 2020-2025. Household insecticides are the products used to destroy or inactivate insects from houses. Household insecticides also include the substances applied to the surfaces of houses, clothes, and skin to control the growth of insects, roaches or bed bugs. In recent years, the government across the world is focusing upon developing measures to eradicate them due to which the household insecticides market is expected to grow during the forecast period.

Report Coverage

The report: “Household Insecticides Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Household Insecticides Industry.

Key Takeaways

·         Increased threats due to communicable diseases such as malaria and an increased emphasis on the control of insect vectors by local and national government bodies are expected to drive the market

·         There is also a shift towards safer and environment-friendly household insecticides with the last five years showing an increase in the usage of synthetic pyrethroids.

·         Innovations like mosquito repellent cards have gained popularity in rural areas whereas liquid vaporizers are favorite among urban consumers.

By Composition - Segment Analysis

Natural segment held a significant share in household insecticides market in 2019. Household insecticides are categorised as synthetic, which include DEET, Picaridin & others, and natural, which include citronella oil, geraniol oil and others. Oil of citronella is a naturally occurring insect and animal repellent distilled from two grass varieties. It is a mixture of many components which vary by grass variety. Some oil of citronella products are applied to animal or human skin, ornamental plants, or other outdoor areas. Oil of citronella is currently on the U.S. Environmental Protection Agency (EPA)'s list of minimum risk pesticides.

Moreover, geraniol as a main active ingredient in insecticides kills tiny parasitic worms found in certain fish. Specific essential oils make good insect repellents and insecticides, on top of being biodegradable. Geraniol is used as a mosquito and tick repellent and as an insecticide for other target pests (including mites).

By Type - Segment Analysis

Mosquito fly control segment held a significant share in household insecticides market in 2019, growing at a CAGR of 8.41% during the forecast period. Mosquitoes and flies are one of the major insects which are perceived to cause diseases. In recent years, the government across the world is focusing upon developing measures to eradicate them. Increase in unhygienic environmental conditions and rapid urbanization are leading to multiplication of mosquito and flies population. Moreover, the rising instances of insect-borne diseases are also motivating the vendors to introduce new products for household insecticides such as mosquito repellents and care products.

By Packaging - Segment Analysis

Small segment held a significant share in household insecticides market in 2019. The household insecticides sprays and concentrates at local garden center will not have the same packaging as the bulk materials marketing to agricultural products distributors and farmers. Many of the adverse effects of pesticides depend upon the packaging containers and their suitable discard could minimize exposure to chemicals and the undesirable effects of exposure on human health.

By Distribution Channel - Segment Analysis

Drug stores segment held a significant share in household insecticides market in 2019. National Drug Store Survey discloses that household insecticides represent an important item in the proprietary department of the drug stores. Imports are handled through wholesale druggists having contacts with drug stores which retail household insecticides.

By Product Form - Segment Analysis

Sprays segment held a significant share in household insecticides market in 2019. The convenience of using sprays and their ability to provide instant relief from insects are some of the factors responsible for the growth of the household insecticide market in this segment. Additionally, the demand for insect sprays for use in outdoors, kitchens and lawn applications has been rising significantly. This further positively influences the market household insecticides market growth.

Geography- Segment Analysis

Asia Pacific dominated the household insecticides market with a share of more than 41%, followed by North America and Europe.  In the Asia Pacific region, termites and other insects are of significant risk for wood products in many situations for both permanent needs and short terms. The rising and expansion of the building and construction industry have been another contributing factor to the growth of the household insecticides market in the Asia Pacific region. With the presence of significant household manufacturers in Japan, India and China, there has been an increasing demand for household insecticides in this region.

Drivers – Household Insecticides Market

·         Rising concerns about vector-borne diseases

Vector-borne diseases remain a key challenge across the world. The spread of these diseases is determined by complex environmental and social factors. As mosquitoes and flies carry pathogens, they are more likely to spread infections. Rising concerns about vector-borne diseases is significantly fueling the growth of the household insecticides market. People are increasingly becoming aware about the risks associated with vector-borne diseases, and this is expected to result in an increase in the number of people purchasing household insecticides during the forecast period.

·         Growing Mosquito and Bedbugs Population Driving the Market

Mosquitos being one of the major disease-carrying insects have gained serious attention in recent years with a high focus on developing measures to eradicate them. The gradual waning of DDT concentration and urbanization are the major reasons for growing mosquito and bedbug population. Aedes aegypti is a tropical species of mosquito, which is responsible for spreading zika, dengue, and chikungunya. It is one of the major threats of disease transmission.

Bedbugs can be seen in both sanitary and unsanitary locations, irrespective of cleanliness. They are primarily found in areas, like schools, nursing homes and daycare centers, offices, hospitals, hotels, and public transportation. The growth of these insects along with the awareness about the spread of diseases by these insects is driving the market for the household insecticides.

Challenges – Household Insecticides Market

·         Health effects

Citronella is thought to be safe, although some people may experience a mild allergic reaction to the eyes or skin. According to the United States EPA (Environmental Protection Agency), there is little toxicity in citronella oil, and it poses no risk to humans or animals. There is also no risk to bees and other pollinators. Health Canada, however, has expressed concern about the disadvantages of citronella, especially the safety of applying large amounts of citronella products used on the skin.

 Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the household insecticides market. In 2019, the market of household insecticides has been consolidated by the top five players accounting for xx% of the share. Major players in the household insecticides market are Bayer AG, Godrej Consumer Products Limited, Jyothy Laboratories Ltd., Liphatech, Inc., Medella Laboratories, Neogen Corporation, Reckitt Benckiser Group Plc., SC Johnson Products Pvt. Ltd., Spectrum Brands, Inc., and Sumitomo Chemical Co., Ltd among others.

Expansion/ Product Launch

Ø  In 2014, Godrej Consumer Products Pvt. Ltd. introduced its mosquito repellents under the brand name ‘Good Knight’ and ‘Good Knight Fast Card’ in the Indian market, raking in approximately 28% of its overall revenue from the rural markets in the fiscal year 2014

Ø  In October 2014, SC Johnson expanded its WOW business in the Yilo Krobo district of Ghana (West Africa) to cater to the consumers in rural areas. The ‘WOW Bundle’ includes products such as Raid Dual Action Insect Repellents & Home Fresheners, Mr. Muscle All-In-One Cleaner, OFF! Insect Repellent Lotion with aloe vera and others.