Household Insecticides Market is expected to reach US$ 18,514.3 Mn by 2027

Latest market study on "Global Household Insecticides Market to 2027 - Analysis and Forecasts by Insect Types (Mosquitoes & Flies, Rats & other Rodents, Termites, Bedbugs & Beetles, Others); Composition (Natural, Synthetic); Packaging (Small, Medium, Large); Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online Stores, Others)", The global household insecticides market is accounted to US$ 11,785.9 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 - 2027, to account to US$ 18,514.3 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. The rising demand of household insecticides from the Asia Pacific region is projected to escalate the household insecticides market at a CAGR of 5.2%

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Key Companies: Godrej Consumer Products Limited, Liphatech, Inc., Neogen Corporation, SC Johnson & Son, Inc., Spectrum Brands, Inc., Reckitt Benckiser Group plc, Jyothy Laboratories Ltd., Sumitomo Chemical Co., Ltd., Bayer AG., and Medella Laboratories

Household insecticides are defined as those products which helps to inhibit the growth of insects such as mosquitoes, flies and other insects at home. Such insecticides portrays limited toxicity to human and are composed of natural or synthetic substances including isobutyl piperidine carboxylate, hydroxyethyl, citronella oil and geraniol oil. The market is a perfect competition market with the presence of numerous Household Insecticides market players and buyers. The market players are competing based on price, product innovation, and quality.

In 2018, Asia Pacific held the largest share of the global household insecticides market. The dominance of the household insecticides market in this region is primarily attributable to the presence of strong industrial base with prominent manufactures significantly contributing to market growth. The demand for household insecticides is rising in the region with the wake of alarming health and hygiene issues along with rising prevalences of diseases such as malaria, dengue and others. Further, the easy accessibility and availability of raw materials coupled with cheap labor and low production cost are yet another factor that bode well the market demand in the region

The COVID-19 pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns, travel bans, and business shutdowns. The chemical & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the activities in the chemical & materials industry, which are restraining the growth of various markets related to this industry.

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Report Spotlights
• Progressive industry trends in the global household insecticides market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the market from 2017 to 2027
• Estimation of the demand for household insecticides across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the competitive market scenario and the demand for household insecticides
• Market trends and outlook coupled with factors driving and restraining the growth of the household insecticides market
• Decision-making process by understanding strategies that underpin commercial interest with regard to global household insecticides market growth
• household insecticides market size at various nodes of market
• Detailed overview and segmentation of the global Household insecticides market as well as its dynamics in the industry
• household insecticides market size in various regions with promising growth opportunities

Household Insecticides Market Segmentation:
Household Insecticides Market, by Insect Type
Mosquitoes & Flies
Rats & other Rodents
Termites
Bedbugs & Beetles
Others

Household Insecticides Market, by Composition
Small
Medium
Large

Household Insecticides Market, by Packaging
Natural
Synthetic

Household Insecticides Market, by Distribution Channel
Supermarket/Hypermarket
Convenience Stores
Online Stores
Others

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