MRRSE has recently added a research document to their roster titled “Global Market Study on Household Insecticides: Beetles, Mosquito and Flies Control Segment Collectively Accounted for Over 80% of the North American Market in 2015”.
Albany, NY -- (SBWIRE) -- 01/06/2017 -- Household insecticides include any substances applied to clothing, skin, or other surfaces to control or repel insects. Demand for insecticides is currently on the rise; ranging from sprays for controlling insect infestations in the kitchen, to weed killers for gardens and lawns and mosquito repellents for indoor or outdoor use. Household insecticides have been widely gaining acceptance to keep homes and gardens insect-free and to ensure safe and healthy living environment.
Overall sales revenue from the global household insecticides market is expected to increase at a CAGR of 7.9% over the forecast period to reach US$ 17,248.9 Mn by 2021.
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Drivers and Trends
The growth of the global household insecticides market is majorly driven by increasing demand from emerging regions such as Asia Pacific due to rapid urbanization and growing disposable income among the population. In addition, factors such as increasing urbanization and concerns over vector-borne diseases across the globe are projected to fuel demand for household insecticides in the near future.
Conversely, toxicity levels in household insecticides are increasing (primarily due to the growing immunity level of insects), which is causing health problems from prolonged exposure to chemicals and odor. This is one of the factors restraining demand for household insecticides globally.
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Persistence Market Research (PMR), in its report titled, "Household Insecticides: Global Industry Analysis and Forecast, 2015–2021," has segmented the global household insecticides market on the basis of purpose, distribution channel, packaging, composition, and region. On the basis of purpose, the global household insecticides market has been segmented into: mosquito & flies control segment (sub-segments include aerosol/spray, electric, coils, others); rat & rodent control segment (sub-segments include aerosol/spray and baits); termite control segment (sub-segments include aerosol/spray and others); bedbugs & beetles control segment (sub-segments include aerosol/spray and others); and others segment (others segment includes lizard, ants, cockroaches & others and sub-segments include aerosol/spray and others). On the basis of the distribution channel, the market is segmented into online and offline channels. The offline channel segment is further sub-segmented into a hypermarket, supermarket, drug stores, convenience stores, neighborhood stores and others. Others sub-segment includes specialty and other traditional stores. On the basis of packaging, the market has been segmented into three types: small (50 ML– 200 ML), medium (200 ML– 500 ML), and large (500 ML and above). On the basis of composition, the market is segmented into natural and synthetic. The synthetic channel segment is further sub-segmented as N,N-Diethyl-meta-Toluamide (DEET), Hydroxyethyl Isobutyl Piperidine Carboxylate (Picaridin), and others. The natural segment is further sub-segmented as Citronella Oil, Geraniol, and Others. Finally, on the basis of region, the global household insecticides market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Household insecticides are manufactured in different forms and used for controlling various types of insects. Household insecticides formats used for controlling mosquitos and flies are aerosol/spray, electric, coils, others. The format for controlling rats & rodents are aerosol/spray and baits. The format for termite control includes aerosol/spray and others while aerosol/spray and others are used for controlling bedbugs & beetles. Aerosol/spray and others formats are also used to control lizards, ants, cockroaches & others. Household insecticides or insect repellents come in different forms depending on the basis of the composition of materials namely 'synthetic' and 'natural'. Preference for synthetic insecticides for use at home has been increasingly shifting towards natural insecticides owing to increasing health awareness. Growing online retail sales have also resulted in increased opportunities for insecticides manufacturers over the long run. Demand for household insecticides via the online channel is also expected to increase substantially over the forecast period.
Analysis, by Region
Asia-Pacific accounted for the largest revenue share in the global household insecticides market in 2014, and revenue from the market in the region is anticipated to increase at the highest CAGR as compared to other regions over the forecast period. Consumption of household insecticides in Asia Pacific is projected to increase by 1.9X between 2014 and 2021. Mature markets, i.e., North America and Europe, are expected to register relatively slower growth during the forecast period.
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