Market Definition
Insecticides are a category of pesticides that are specially formulated to kill or eliminate insects from the household. These are used to address common insect issues relating to ants, mosquitoes, flies, etc. and are available in different forms such as cream, spray, vaporizer, etc.
Market Insights & Analysis: Global Home Insecticides Market (2023-28):
The Global Home Insecticides Market size was valued at around USD 12.35 billion in 2022 & is estimated to grow at a CAGR of around 5.27% during the forecast period, i.e., 2023-28. The market growth is attributed to the surging consciousness among consumers regarding the health risks associated with insect-borne diseases like Zika, Dengue, Malaria, Chikungunya, and West Nile Virus, etc. Simultaneously, the advent of the COVID-19 pandemic in 2020, improved consumer’s emphasis on the importance of maintaining pest-free living spaces to minimize further disease spread. As a result, a notable number of home insecticide manufacturers such as P&G, Godrej, etc., initiated contracts with advertisement agencies and e-commerce providers to market their products through personalized videos, with the intent to gain customers.
For instance, in 2020 Godrej announced to have recorded a significant 22% higher ad recall for the Kala HIT brand from India Solely through personalized video advertisement tactics which helped the company to gain over 15% revenue growth from the home insecticide segment. Moreover, the surge in urbanization activities, population growth, and climate change is creating conducive environments for pests. Warm temperatures, altered weather patterns, and an increase in chemical exposure due to pollution are extending the breeding season of many insects, making them a year-round issue in some regions globally. Thus, is certainly propelling the demand for efficient insect control measures.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 5.27% |
| Regions Covered | North America: US, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
| Asia-Pacific: China, Japan, India, South Korea, Thailand, Vietnam, Rest of Asia-Pacific | |
| South America: Brazil, Rest of South America | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA | |
| Key Companies Profiled | FMC, Godrej Consumer Goods, SC Johnson, Spectrum, Dabur India Ltd., Amplecta, BASF SE, Jyuthy Labs, Liphatech, Kittrich, PelGar, Sumitomo Chemicals, Reckitt Benckiser Group Plc, PIC Corporation, Proctor & Gamble, Others |
| Market Value (2022) | USD 12.35 Billion |
Moreover, innovations in product formulations and delivery methods, like eco-friendly packaging, use of natural ingredients such as citronella oil and Geraniol, etc., along with longer-lasting protection, are motivating consumers to choose these insecticides. Thereby, positively influencing the growth of the Global Home Insecticides Market during 2023-2028.
Global Home Insecticides Market Driver:
The Rising Number of Vector-Borne Diseases is Increasing the Adoption– Globally the instances of vector-borne diseases such as Malaria, Dengue, Viral Infections, etc. have grown manifold mainly due to urbanization, improper sanitation, climate change, vector resistance, and others. According to the WHO’s World Malaria Report, nearly 241 million individuals were diagnosed with malaria with over 0.6 million mortalities in 2020.
Further, the report also stated that nearly half of the world’s population resides in malaria-prone regions of the world. This has increased the instances of vector borne diseases in these regions which has led to a behavioural shift and has made individuals more concerned about personal health. This resulted in a higher demand for home insecticides solution such as coils, sprays, etc. as these are effective measures to control and prevent the spread of vectors.
Additionally, countries such as India, Brazil, Indonesia, South Africa, and others are the breeding grounds for vectors such as mosquitos, cockroaches, etc. due to the tropical climatic conditions in the nations. As a result, there has been a constant demand for insecticides from such countries, with the sudden spike in peak seasons including summer & monsoon. For instance;
Further, several government programs such as National Vector Borne Disease Program (India), National Malaria Control Programme (the US), Global Malaria Program, etc., are emerging as an opportunity area for insecticide. As these programs would further fuel the demand for mosquito repellent among the household, thereby leading to the growth of the Global Home Insecticide Market in the coming years,
Global Home Insecticides Market Opportunity:
Rising Construction of Premium Housing across Developing Economies– Globally several developing countries such as India, Brazil, Indonesia, etc., are witnessing rapid urbanization. According to the World Bank, in India, nearly 498 million people resides in urban cities in the year 2021 and this figure is projected to reach 590 million by the year 2030. This, in turn, is widely influencing the demand for accommodation spaces in the country. Additionally, with the rise in disposable income, the sense of upgrading to a spacious residence and investing in real estate as a safe bet is further nudging the growth of luxury housing. Thus, with the surging demand, the country is witnessing a rise in residential construction projects, which includes the development of luxury homes. For instance,
The new housing units would further generate an increased demand for the integrated pest management to prevent & control the breeding of insects like mosquitoes, ticks, beetle etc. This would further, generate an increased demand for insecticides to be used in the integrated pest management and lead to the growth of the Global Home Insecticides Market during 2023-2028.
Global Home Insecticides Market Challenge:
Skin Issues and Allergy from Chemicals Restricting the Adoption of Insecticides– Insecticides use several toxic chemicals such as DEET, Benzyl Benzoate, etc., whose active and regular usage can cause skin irritation, rashes, and skin infection to allergy-prone individuals. Along with it, several insecticides that come in spray format have foul & strong smell and aerosols in them which often cause breathing issues and irritation to the users. As these products are used indoors they linger the enclosed spaces and hamper the indoor air quality, especially in poorly ventilated spaces. Thus the extensive usage of chemicals is limiting the sales of insecticides, especially among those who suffer from sensitivities. Thereby restricting the market growth of the Global Home Insecticides Market.
Global Home Insecticides Market Trend:
Smart & Strong Formulation-Based Mosquito Vaporisers to Amplify Growth– Insects, especially mosquitoes have developed resistance against insecticides, which has reduced the effectiveness of the mosquito-repellent creams and vaporizers. Considering this insecticide manufacturer such as Reckitt Benckiser, Jyothy Labs, etc. are developing scientifically advanced and smart mosquito liquid vaporizers to provide long-lasting solutions to their customers for getting relief from mosquitoes, For instance,
In addition to it, these smart vaporizers come with automated functions to provide effective protection from mosquitos as per the requirement. They have limited or milder concentrations of chemicals in them, thereby making the smart mosquito vaporizers usable for sensitive users as well. Apart from it, several mosquito repellent systems are embedded with advanced technology such as the Internet of Things which allows the user to access the system remotely. Thus the incorporation of the latest technology and advanced scientific formulation in the mosquito repellent system is the latest trend augmenting the market growth of Home Insecticide Market globally.
Global Home Insecticides Market (2023-28): Segmentation Analysis
The Global Home Insecticides Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment. It includes predictions for the period 2023–2028 at the global level. Based on the analysis, the market has been further classified as:
Based on Insect Type:
Among them, Mosquitoes & Flies, hold a substantial share in the Global Home Insecticides. The population of mosquitoes and flies has grown substantially in the past few years, as a result of rise in chemical exposure, pollution, etc., Additionally, these insects are effectively developing resistance against toxic chemicals as the usage of DDT has also reduced in insecticides globally, to minimize environmental concerns & growing focus on integrated pest management. As a result, the demand for highly effective mosquito and flies’ replants which provides protection for longer hours is rising across both households and commercial working spaces.
The constant rise in mosquito population, & growing availability of effective mosquito repellants in the form of fast cards, advanced vaporizers, etc., at a competent cost, would fuel the demand for home insecticides during 2023-2028.
Based on Chemical Type:
Based on chemical type, synthetic types of chemicals have largely been in demand by users. As toxic chemicals have been highly effective in preventing breeding and killing insects. Further, chemically manufactured insecticides are long-lasting and offer immediate results. Thus owing to such factors the adoption of clinical based insecticides has been higher in the historical period.
However, in the coming years, the share of natural products-based insecticides is expected to be substantial. As users are gradually becoming aware of the side effects of using chemical-induced insecticides. Individuals are now switching over to natural repellents and sprays made using neem oil, lemon grass, etc. because its regular usage does not have a severe impact on human health. As a result, insecticide manufacturers such as Dabur, Jyothy laboratories, etc. are introducing their range of naturally manufactured repellant creams and sprays such as natural Odomos as launched by Dabur. Thus in the upcoming years, insecticides manufactured using natural ingredients are anticipated to generate higher revenue and to lead the market growth.
Global Home Insecticides Market (2023-28): Regional Analysis
Geographically, the Global Home Insecticides Market expands across:
Among these regions, Asia Pacific region holds a significant demand for insecticides across the globe. The climate in the Asia Pacific countries like India, China, Thailand, Vietnam, etc. is mostly tropical & warm throughout the year. Such climatic condition is favorable for the breeding of insects like tocks, mosquitoes, flies, etc. due to which the demand for insecticides is high in the region to prevent the spread of vector borne diseases. In addition to it, the mean temperature in the region is constantly rising due to higher carbon emissions and global warming. This is further aiding the breeding of insecticide in the region, resulting in the higher demand for insecticides like mosquito repellant creams.
Further, urbanization is another major factor that is expected to propel the demand for insecticides in the region. Countries like India, China, Thailand among other are witnessing rapid urbanization and the creation of slum areas with improved sanitation and hygiene. These conditions have further aided the growth of insects, which in turn is expected to create an increased demand for insecticides in the region. Thereby creating a conducive environment for the revenue growth of the Global Home Insecticide Market during the forecast period.
Global Home Insecticides Industry Recent Development:
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Frequently Asked Questions
A. The Home Insecticides Market is expected to grow at a compound annual growth rate (CAGR) of 5.27% from 2023 to 2028.
A. The Home Insecticides Market size was estimated at USD12.35 Billion in 2022.
A. The rising number of vector-borne diseases is expected to drive the Home Insecticides Market during 2023-28.
A. The top players in the Home Insecticides Market are FMC, Godrej Consumer Goods, SC Johnson, Spectrum, Dabur India Ltd., Amplecta, BASF SE, Jyothy Labs, Liphatech, Kittrich, PelGar, Sumitomo Chemicals, Reckitt Benckiser Group Plc, PIC Corporation, Procter & Gamble, and others.
A. Natural chemicals are anticipated to hold a dominant share in the Home Insecticides Market.
A. Asia Pacific region would present growth prospects in the Home Insecticides Market during 2023-2028.
A. Advanced scientific formula and smart vaporizing machines is the key trend shaping the growth of the Home Insecticides Market.
A. Rising construction of premium housing across developing economies is a key opportunity anticipated to drive the Home Insecticides Market through 2028.
A. Allergy and skin issues associated with high chemical exposure is a key restraint affecting the growth of the Home Insecticides Market.
Global Home Insecticides Market Research Report (2023-2028) - Table of Contents
