Market Overview
Household insecticides are chemical substances intended for control of insects in home environments. These formulations are designed for killing pests such as mosquitoes, bedbugs, termites, ants, rodents and cockroaches, and can be formulated from synthetic chemicals and natural sources. Also, varieties are available for prevention of pest attacks in homes. However, repellent solutions that are used for pest control is a direct alternative to the market. These substances can also be applied over surfaces including clothes, walls and skin. In recent years, the government across the world is focusing upon developing measures to eradicate them due to which the household insecticides market is expected to grow during the forecast period.
“The increased risk of communicable diseases such as malaria and increased emphasis on the control of insect vectors by local and national government bodies are expected to drive the market”
Moreover, advancements in insecticide release technology such as aerosols and gels are factors driving the growth of the market. However, the health concerns related to synthetic insecticides is expected to hamper the growth of household insecticides in the market. Natural counterparts developed from plant sources such as neem are likely to offset this hindrance. Natural insecticides are defined as the organic form of insecticides, which are derived from a natural source such as a mineral or plant and are usually made for their own defense. The use of a natural form of insecticides for household or domestic uses is rising on account of the harmful attributes of a synthetic form of insecticides. Synthetic insecticides contain harmful chemicals and substances which are perceived to impact the health of an individual.
Market Dynamics
Drivers
- Rising concerns about vector-borne diseases
- Increased emphasis on the control of insect vectors by local and national government bodies
Restraints
- The health concerns related to synthetic insecticides
- Increasing resistance of vector species to insecticides
- Threat from professional household insecticide services
Rising concerns about vector-borne diseases
One of the major factors boosting the demand of the global household insecticides market include the rising incidences of vector-borne diseases. Vector-borne diseases account for more than 17% of all kinds of infectious diseases resulting in more than 700,000 deaths every year. A primary threat around the globe remains vector-borne diseases. Mosquitos being one of the major disease-carrying insects have gained serious attention in recent years with a high focus on developing measures to eradicate them. The gradual waning of DDT concentration and urbanization are the major reasons for growing mosquito and bed bug populations. Aedes aegypti is a tropical species of mosquito, which is responsible for spreading zika, dengue, and chikungunya. It is one of the major threats of disease transmission. Complex environmental and social factors influence the spread of these illnesses. As mosquitoes and flies carry pathogens, they are more likely to spread infections. Moreover, bedbugs can be seen in both sanitary and unsanitary locations, irrespective of cleanliness. They are primarily found in areas, like schools, nursing homes and daycare centers, offices, hospitals, hotels, and public transportation. The growth of these insects along with the awareness about the spread of diseases by these insects is driving the market for the household insecticides. People are becoming increasingly aware of the risks associated with vector-borne diseases, and during the forecast period, this is expected to result in a rise in the number of individuals buying household insecticides.
Geographical Analysis
APAC was the largest segment of the global household insecticide market in 2019 with a share of 55.35%. Growing awareness of the benefits of using household insecticides through television advertisements and the high adoption rates of these products in tier 2 and tier 3 cities have been fueling the market's growth. Most parts of APAC have tropical and sub-tropical climate, which is favorable for insects like mosquitoes to survive and breed. With the rising instances of insect-borne diseases, therefore, the demand for insecticide products is increasing exponentially in the region. Asia Pacific household insecticides market is likely to reach USD **** million in 2027, from its recorded value of USD 3,993.74 million in 2019, growing with a CAGR of 7.61% during the forecast period. China dominates the Asia Pacific household insecticides market with a share of 35%, followed by Japan. The demand for household insecticides made from natural ingredients rather than chemicals is gaining popularity among the consumers in China. This trend is projected to support natural insecticide products. These products are mainly composed of natural ingredients and have a limited impact on the health of the consumers and the environment. The increasing concern for the environment and raising awareness about the harmful effect of chemicals used in the production of household insecticides is driving the consumers towards natural based products. Moreover, the use of natural remedies, along with the use of essential oils to avoid mosquitoes and insects, is a growing trend in China. This factor indirectly presents high competition to household insecticides producers in China. Japan's household insecticides market is likely to reach USD **** million in 2027, from its recorded value of USD 1,008.41 million in 2019, growing with a CAGR of 4.57% during the forecast period. The increasing urbanization, improvement of infrastructure, and a growing awareness of the benefits of a hygienic lifestyle will propel the household insecticide market in Japan.
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