Insecticides Market, Trends, Forecast, Revenue Share Analysis, Forecast, 2018–2028
According to a recent analysis by Reports and Data, the global home insecticides market size was valued at USD 13.97 Billion in 2020 and is estimated to exceed USD 25.85 Billion in terms of revenue, delivering a CAGR of 8.0% over 2021-2028. Rise in incidence of vector-borne diseases, favourable government initiatives promoting the usage of household insecticides, and advancements in insecticide discharge technology such as aerosols, gels and sprays, are the key factors driving market growth.
Surging demand for natural insecticide
products, coupled with increasing focus of industry players to introduce
pleasant fragrances and eliminate foul odor from home insecticide will bolster
market growth through 2028.
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Prominent players in the global home insecticides
market are Spectrum Brands, SC Johnson, Shogun Organics Ltd, Bayers AG, Nicols,
BASF SE, Aristo Biotech and Life Science Pvt. Ltd., Godrej Consumer Products,
Zapi SpA, Bharat Group, HPM Chemicals and Fertilizers Ltd, Walco-Linck
Company, FMC, Natural Insecto Products Inc, Gharda Chemicals Ltd, and
AIMCO pesticides Limited, among others.
Further Key
Findings from the Report:
- On the basis of product type, the
mosquito & fly repellent segment is forecast to showcase the fastest
growth rate over the projected timeframe on account of growing concerns
over vector-borne diseases across the globe
- Based on composition, the natural segment
is forecast to observe fastest growth rate over the analysis period. The
robust growth can be attributed to the increasing consumer inclination
towards organic or natural insecticide products.
- Based on packaging, the small
packaging segment is expected to gain major traction through 2028 owing to
ease of use and portability of the product. The limited shelf-life of home
insecticides is expected to boost small packaging demand in the coming
years.
- In the regional landscape, North America
is forecast to be a major revenue contributing region for the global home
insecticides market share over the analysis period. The robust growth of
the industry can be attributed to largest production and consumption of
home insecticides in the United States.
- A German-based leading agrochemicals
company, Bayers AG made an investment of USD 2.89 Million to
establish a new Ethiprole (an insecticide that is effective against a wide
range of insects) manufacturing plant in Gujarat on 12th November,
2020. Ethiprole. The new facility at Vapi, Gujarat will cater to domestic
demand as well as exports across Latin America, and the Asia Pacifc.
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This report forecasts revenue growth
at the global, regional, and country levels and provides analysis of the latest
industry trends and opportunities in each of the sub-segments over 2018-2028.
For the purpose of this study, Reports and Data, has segmented the global home
insecticides market on the basis of type, composition, distribution channel, packaging,
and region:
Type Outlook (Revenue, USD Billion, 2018 - 2028)
- Mosquito & Fly Control
- Rodent Control
- Termite Control
- Bedbugs & Beetle Control
- Others
Composition
Outlook (Revenue, USD Billion, 2018 - 2028)
- Natural
- Citronella Oil
- Geraniol
- Others
- Synthetic
- N,N-Diethyl-Meta-Toluamide (DEET)
- Hydroxyethyl Isobutyl Piperidine
Carboxylate (Picaridine)
- Others
Distribution
Channel Outlook (Revenue, USD Billion, 2018 - 2028)
- Supermarket
- Hypermarket
- Convenience Stores
- Drug stores
- Online Stores
- Neighborhood Stores
- Others
To identify the
key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/home-insecticides-market
Packaging Outlook (Revenue,
USD Billion, 2018 - 2028)
- Small
- Medium
- Large
Regional
Outlook (Revenue, USD Billion, 2018 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
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