Fact.MR has recently added a new report to its vast online database. This research study is titled as “Home Insecticides Market Report” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.
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Global sales of home insecticides is expected to witness a slight increase over the next five years. A wide range of home insecticides are available in the market, which include sprays for killing mosquitoes, weed controlling spays for lawns and gardens, and all-insects repellents both for outdoor and indoor use. Increasing consumer consciousness about hygiene coupled with rising concerns over epidemics caused by insects and bugs are reflecting favorably on the global demand for home insecticides. Moreover, consumers across the globe desire a healthy living environment, which requires pest control on regular basis. Emerging countries such as China and India are also exhibiting higher demand for such products, owing to the rising standard of living and rapid urbanization. Hence, the aforementioned factor are projected to drive the growth of the global home insecticides market in the near future. However, adverse effects of household insecticides on human health and environment and increasing immunity level of insects is posing a challenge to manufacturers of home insecticides.
Global Market for Home Insecticides : Key Projections
1) Based on product type, the spray/ aerosol insectisides segment is expected to remain most sought-after throughout the assessment period. Currently, this segment commands for close to 31% value share of the global market and is expected to remain dominant over 2022.
2) Modern trades is expected to remain one of the most attractive sales channel for home insecticides in 2017 and beyond. The modern trade segment is expected to reach a market valuation in excess of US$ 3,760 Mn in 2022, riding at a steady CAGR over the forecast period.
3) By composition type, the N,N-Diethyl-meta-Toluamide (DEET) segment is expected to witness steady growth during 2017 and 2022. In terms of revenue, this segment currently commands for around 35% share of the global market.
4) Among regions, Europe is expected to remain a lucrative market for home insecticides. Between 2017 and 2022, the home insecticides market in Europe is projected to command for a significant value share of the global market. The region’s market is anticipated to increase at a CAGR of over 25 during assessment period. Meanwhile, North America and Asia-Pacific excluding Japan (APEJ) is expected to remain the other attractive markets for home insecticides.
Spray/ Aerosol Insectisides will Remain Highly Sough-After
On the basis of product type, spray/ aerosol insectisides will continue to be the top selling home insecticide in 2017 and beyond. In terms of value, spray/ erosol Insectisides currently accounts for around 31% share of the market, this figure is expected to reduce by a small margin towards the end of the assessment period.
Among regions, sales of home insecticides is expected to be relative high in Europe. During the forecast period, the region is expected to account for a considerable share of the global home insecticides market in terms revenue. The home insecticides market in Europe is projected to surge at over 2% CAGR between 2017 and 2022.
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Competition Tracking
Syngenta, MONSANTO, DuPont, BASF, Godrej Consumer Products Limited, SC Johnson & Son, Inc., Earth Chemical Co., Ltd., Bayer Aktiengesellschaft are the leading players profiled in the Fact.MR’s report. Many of these player are actively focusing on further improving their product efficacy and development of non-toxic home insecticides.
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