360 MARKET UPDATES Report provides a 360-degree overview of the global Household Insecticides Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Household Insecticides Market – Segmented by Insect Type, Chemical Type and Geography- Growth, Trends, and Forecast (2018 – 2023)”
Global “Household Insecticides Market” is expected to register a CAGR of approximately 8.21% during the forecast period of (2018 – 2023). Also, Household Insecticides Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Household Insecticides Analysis.
Household Insecticides market Report provides a 360-degree overview of the global Household Insecticides market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Household Insecticides Market Report Covers Leading Manufacturers: Amplecta AB Bayer AG FMC Corporation Godrej Consumer Products Ltd Natural INSECTO Products, Inc. Nicols International Sa. S.C. Johnson & Son Shogun Organics Spectrum Brands Holding
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The Global Household Insecticides Market was valued at USD 11.94 billion in 2017 and is expected to register a CAGR of 8.21% during the forecast period (2018-2023). The US is the largest producer and consumer of household insecticides. Asia-Pacific has the potential to witness the growth in household insecticides market.
An insecticide can be defined as a solution to kill the insects present in the household. Insecticide products include insect sprays, coils, and vaporizers for mosquitoes, baits to kill ants, flies and cockroaches and many other products. These also include bands, incense candles. The household insecticide market is segmented by chemical type which includes natural insecticides and synthetic insecticides. Through insect type, it was segmented into Mosquitoes & Flies, Rat & Rodent, Termite, Bedbugs &Beetles, Others.
The Major Disease-Causing Household Insect – Mosquito
The population of mosquito has increased tenfold over the past five decades. It one of the most widespread disease-carrying insects. Gradual waning of DDT concentration and urbanization are the major reasons for increasing mosquito population. Aedes aegypti is a tropical species of mosquito responsible for spreading Zika, dengue and chikungunya. It is one of the major threat for disease transmission through its terrible biting. There are many household insecticides available in the form of coils, aerosols, sprays and many other to eradicate the diseases and its effects.
Widespread Awareness Campaigns by Government and Other Organizations
Widespread awareness campaigns by government and other organizations have been the major driver for the household insecticides market. The national mass distribution campaign in Africa which provided three million insecticide-treated nets to citizens has been a successful campaign and it has increased awareness among the population and increasing the market for the nets. This campaign was concentrated especially on rural area populations as they were found to be more prone to the diseases. There are a few other campaigns held by other organizations, including the manufacturers of household insecticides, in order to increase the awareness regarding their products and to increase their sales. These campaigns helped in increasing the awareness about the insects, diseases caused by the insects and regarding the usage of insecticides to eradicate the diseases.
Resistance in Insects due to Repeated Exposure
The major restraint for household insecticide market is the development of resistance in insects due to repeated exposure. There have been several instances of insects developing resistance to the insecticides when exposed to them repeatedly. This scenario leads to the need for continuous product development and shorter product lifecycles of household insecticides.
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Reasons to Purchase Household Insecticides Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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