Household insecticide Market size to increase by USD 4.95 Bn | Technavio's Research Insights highlight Increasing Prevalence of Mosquito-borne Diseases as Key Driver

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Vendor Insights

The global household insecticide market is fragmented in nature due to the presence of several global and regional players Dabur India Ltd., Enesis Group, FMC Corp., Godrej Consumer Products Ltd., Jyothy Labs Ltd., Reckitt Benckiser Group Plc, S. C. Johnson and Son Inc., Spectrum Brands Holdings Inc., Sumitomo Chemical Co. Ltd., and The Scotts Miracle-Gro Co. are some of the dominant vendors featured in the report.

Vendors operating in the global household insecticide market are focusing on product innovation to increase their market penetration among rural and urban households. They are also introducing new and innovative products at competitive prices to stay competitive in the market.

Some vendors are adopting inorganic growth strategies such as M&As to remain competitive in the market. For Instance, in June 2021, FMC Corp. partnered with Aragen Life Sciences to develop chemistry, biological, and chemical processes.

Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.

Geographical Market Analysis

APAC will provide maximum growth opportunities in the household insecticide market during the forecast period. According to our research report, the region currently holds 58% of the global market share and is expected to dominate the market through 2025.

The report also offers a detailed analysis of the growth of the market across North America, Europe, South America, and MEA. In addition, countries such as China, US, Japan, India, and Indonesia are expected to emerge as prominent markets for household insecticide during the forecast period.

Know more about this market's geographical distribution along with the detailed analysis of the top regions. www.technavio.com/report/household-insecticide-market-industry-analysis

Key Market Trends & Challenges:

The report identifies the increasing prevalence of mosquito-borne diseases as the major trend influencing the household insecticide market. The number of mosquito-borne diseases such as cholera, typhoid, dysentery, leprosy, infectious hepatitis, poliomyelitis, diarrhea, helminthic infections, and others are increasing across the world. According to WHO, about 229 million cases of malaria were reported in 2019 and 409,000 deaths were caused by the same. In the same year, WHO reported 31 million dengue cases in the Americas. The increasing prevalence of such diseases is creating demand for effective ways of containing the diseases. This is encouraging vendors to introduce new and improved mosquito repellents and care products, thereby driving the market growth.

However, the increasing competition from insect repellents and pest control devices is expected to reduce the growth opportunities for vendors. The outbreak of communicable diseases worldwide has significantly increased the demand for insect repellants and pest control devices. Besides, increasing environmental awareness among people and low tolerance toward pests and termites have fostered the growth of the residential pest control devices industry over the years. This is expected to reduce the growth potential in the market for vendors.

View free sample for highlights on market Trends & Challenges affecting the household insecticide market.

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