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%

 

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.

 

In the Asia Pacific region, termites and other insects are of major risk for wood products in many situations for both permanent needs and short terms. The rise and expansion of the building and construction industry have been another contributing to the growth of the household insecticides market in the Asia Pacific region. With the presence of large household insecticides manufacturers in Japan, India and China, there has been an increasing demand for household insecticides in this region. The growing awareness of the harmful effects of insects such as mosquitoes, flies, cockroaches, rats and others has led to an elevated consumption rate of household insecticides in the Asia Pacific region. There have been growing occurrences of malaria in the Asia Pacific countries that have led to the growing use of household pesticides in this region. The consumers in the Asia Pacific region are well educated of the fact that these insects prove to be carriers of some of the most toxic epidemic diseases that have led to an elevation in the use of household insecticides in this region.

 

The market for global household insecticides is concentrated with some very well-established players. Some of the key players in the global household insecticides market include 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 among others.


Global Household Insecticides Market — By Region Breakdown, 2018