In 2018, the global market for household insecticides was valued at approximately US$ 11,785.9 million and is projected to expand at a compound annual growth rate (CAGR) of 5.2% from 2019 to 2027, reaching an estimated US$ 18,514.3 million by the end of the forecast period.
Household insecticides are formulated products designed to eliminate or neutralize insects within residential spaces. These insecticides encompass a variety of substances that can be applied to surfaces in homes, on clothing, and even directly on skin to manage insect populations. They are available in several formats, including gels, creams, aerosols, vaporizers, mats, patches, powders, granules, and roll-ons. The increasing prevalence of communicable diseases such as dengue and malaria, along with heightened governmental focus on controlling insect vectors, is anticipated to drive growth in the household insecticide sector. Furthermore, there is a notable rise in the demand for insect sprays intended for kitchens, outdoor areas, and lawns, which is expected to further enhance market expansion.
The segmentation of the global household insecticides market by insect type includes categories such as mosquitoes and flies, rodents like rats, termites, bedbugs, beetles, and others. The segment for mosquitoes and flies holds the largest market share, as these insects are widely recognized for their role in transmitting diseases. In recent years, governments worldwide have intensified efforts to develop strategies aimed at their eradication. Factors such as deteriorating sanitary conditions and rapid urbanization have contributed to the proliferation of mosquito and fly populations. Additionally, the increasing frequency of insect-borne illnesses is prompting manufacturers to innovate and introduce new household insecticide products, including mosquito repellents and care solutions.
The demand for household insecticides is particularly robust in the Asia Pacific region, which is a significant driver of market growth. In this area, termites and various other insects pose considerable risks to wooden products, affecting both long-term and short-term needs. The ongoing expansion of the construction and building industry has also played a crucial role in boosting the household insecticides market in Asia Pacific. With major manufacturers located in countries such as Japan, India, and China, there is a growing demand for household insecticides. Increased awareness regarding the dangers posed by insects like mosquitoes, flies, cockroaches, and rodents has led to a higher consumption rate of these products in the region.
In North America, the household insecticides market is primarily led by the United States, followed by Mexico. This market is expected to experience the fastest growth rate during the forecast period. Factors contributing to this growth include the high purchasing power of consumers and rising health concerns, which are likely to drive demand for household pesticides in North American countries, including the US, Canada, and Mexico. Additionally, the mosquito population has surged in recent years, as these insects are recognized as significant carriers of diseases, drawing increased attention from both the public and health authorities.
Key players in the global household insecticides market include 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.
The overall size of the global household insecticides market has been determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the household insecticides market. Additionally, numerous primary interviews are conducted with industry stakeholders and experts to validate the data and analysis. Participants in this process typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the household insecticides sector.