Household Insecticides Market - Forecasts from 2019 to 2024

The household insecticide market was valued at US$12.542 billion in 2018 and is projected to expand at a CAGR of 5.47% over the forecast period to reach US$17.264 billion by 2024. Household Insecticides are the chemicals used to kill or remove insects from houses. The products include insect sprays, mosquito coils, slow release vaporizing systems such as mat and liquid vaporizer, baits to kill roaches, ants and more. Rising concerns about the risks associated with vector-borne diseases is expected to fuel the growth of household insecticides market. Governments in several nations have taken up initiatives encouraging the use of household insecticides for protection against diseases. Advancement in insecticide-release technology such as sprays, gels and aerosols is also a driver for market growth. Adverse effect on human health due to overexposure to insecticides is a restraint for market growth. Insects develop resistance against the insecticides on prolonged exposure which is expected to be a hurdle for market growth. By form cream & gel segment is expected to have a significant growth due to the ease of usage. Based on insect type, mosquito segment is expected to have significant market share due to the rise in cases of diseases caused due to mosquito bites. The Asia Pacific region is expected to have a significant market growth due to increased threat from vector-borne diseases.

Drivers

Increase in incidence of vector-borne diseases
Government initiatives promoting the use of insecticides in households
Advancement in insecticides release technologies

Restraints

Adverse effect on human health due to overexposure
Increase in resistance of vectors to insecticides

INDUSTRY UPDATE
In April 2019, new insecticide developed by Sumitomo chemical and IVCC moved into the next evaluation phase

Segmentation

The household insecticides market has been analyzed through the following segments:

By Product form

Liquids
Aerosol Spray
Cream & Gel
Others

By Insect Type

Mosquitoes & Flies
Termites
Bedbugs & Beetles
Others

By Type

Synthetic
Natural

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others