Global Household Insecticides Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Household Insecticides Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global household insecticides market report has been segmented on the basis of product form, application, nature, distribution channel, and region.

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Global Household Insecticides Market: Overview

Insecticides are substances or chemicals which are used to kill insects. Insecticides may be natural origin or manmade origin. Insecticides kill insects by getting inside their bodies where they then act as poison. The most widely used products are oil sprays, mosquito coils, spray cans, and some slow-release vaporizing systems such as liquids and mats.

Global Household Insecticides Market: Dynamics

A key factor driving growth of the global household insecticides market is rising concern about vector born diseases such as chikungunya, dengue fever, lymphatic filariasis, typhus, etc. According to World Health Organization, every year nearly 700,000 deaths occur due to vector-borne diseases globally. In addition, Malaria causes more than 400,000 deaths every year globally.

Some other factors boosting the revenue growth of the target market are government initiatives, advents in insecticide release technology such as aerosols, sprays, etc. and growing awareness regarding risks associated with vector-borne diseases.

However, adverse effect on human health on overexposure and stringent regulations for product approval are some factor expected to restraint growth of the target market to a certain extent.

Global Household Insecticides Market: Trends

Major player in the target are focusing on launching new products as well as enhancing its products offering. In addition, increasing popularity of E-commerce is allowing manufacturers to offer products online at a competitive price. These are among some on-going trends witnessed in the target market.

For instance, in June 2018, BASF SE expanded its global insecticide portfolio worldwide by receiving Inscalis insecticide approval in key markets.

In January 2018, Bayer AG inaugurated new greenhouse laboratories for insecticide research.

Global Household Insecticides Market: Segment Analysis

On the basis of product form, unit segment is expected to register high growth revenue over the forecast period. The unit segment is further sub-segmented into gel/cream, mat, patches, and roll on.

On the basis of applications, mosquitoes segment is expected to register highest CAGR, owing to increasing mosquito born diseases such as malaria, dengue, etc.

On the basis of nature, natural segment is expected to register highest CAGR over the forecast period, owing to increasing demand for natural and organic based product.

On the basis of distribution channel, online store is expected to register highest CAGR, due to high internet and smart phones penetrations.

Global Household Insecticides Market: Regional Analysis

Currently, the market in Asia Pacific accounted to dominated the global market. This is primarily due to high research and development funding for development of innovates products. India and China are among the two major consumers in the Asia Pacific region for household insecticides, due to the presence of a large and continuously growing population and higher per capita income level. The markets in Europe is expected to account for significant revenue growth in the global market, followed by Latin America, and Middle East & Africa markets in the global household insecticides market.

Global Household Insecticides Market Segmentation:

Segmentation by product form:

Unit
Gel/Cream
Mat
Patches
Roll On
Liquid
Aerosol
Vaporizers
Powdered Granule

Segmentation by application:

Cockroaches
Ants
Mosquitoes
Flies & Moths
Rat & Rodents
Bedbugs & Beetles

Segmentation by Nature:

Natural
Synthetic

Segmentation by distribution channel:

Supermarkets
Drugs Stores & Pharmacies
Departmental Stores
Online Store