Asia Pacific Household Insecticides Market to Reach US$ 9,997.7 Mn at a CAGR of 5.2% in 2027

Asia Pacific Household Insecticides Market to 2027 - Regional Analysis and Forecasts By Insect Type (Mosquitoes & Flies, Rats & other Rodents, Termites, Bedbugs & Beetles, Others); Composition (Natural, Synthetic); Packaging (Small, Medium, Large); Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online Store, others)

  • Report Code : TIPRE00007903
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 175
Buy Now

The Asia Pacific household insecticides market is accounted to US$ 6,364.7 Mn in 2018 and is predicted to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account for US$ 9,997.7 Mn by 2027.

China dominates the Asia Pacific household insecticides market, 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 indirect present high competition to home insecticides producers in China. Some consumers already use essential oils for various other purposes can also use them to avoid mosquitoes and insects in their homes. People even apply essential oils directly onto their skin to protect from insect bites. This may hamper the household insecticide market in China over the forecast period.

Asia Pacific Household Insecticides Market

 

Asia Pacific Household Insecticides Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Growing emphasis on controlling vector-borne diseases by local and national government bodies to spur the growth of household insecticides

According to the World Health Organization the world wide incidence of dengue has rose by 30 folds in the last 30 years as more and more countries are reporting the outbreak of diseases transmitted by vectors such as mosquitoes. Mosquito-borne diseases are cited among the world's leading causes of death and illness. The World Health Organization predicts that more than 300 million clinical cases are attributable to mosquito-borne diseases each year. Despite great strides over the last five decades, mosquito-borne illnesses continue to pose significant risks to a significant share of the population in poor regions in Asia Pacific. For instance the Indian government has implemented the National Vector Borne Disease Control Programme (NVBDCP) for prevention and control of 6 vector borne diseases which include Malaria, Kala-azar, Dengue, Lymphatic Filariasis, Chikungunya, and Japanese Encephalitis in India. It frames technical guidelines & policies to guide different states to implement the National Vector Borne Disease Control Programme (NVBDCP). The World Health Organization (WHO) also assists federal, state, and local agencies to further protect the public from mosquito-borne diseases such as the West Nile virus.                                                        

Insect Type Insights

The Asia Pacific household insecticides market was dominated by the mosquitoes & flies segment in 2018, and it is anticipated that mosquitoes & flies segment would retain its dominance during the 2019–2027 period. There has been a rising demand for mosquito insecticides in the Asia Pacific market. There are two main two leading and most widely used insecticides that are used in the preparation of household insecticides to be effective against mosquitoes known as malathion and permethrin. Malathion is an organophosphate that is quite often used for the elimination of mosquitoes indoors as well as outdoors and also against a wide range of insects. It is used in a small amount as in the mosquito insecticide as it possesses no harm to humans. Permethrin is another chemical that is widely used in the preparation of mosquito insecticides that belongs to the group of chemicals known as pyrethroids. This chemical is mixed with water or oil and is applied as a mist. This chemical is used in the preparation of mosquito insecticides as it damages the central nervous system of the mosquitoes and is noted to cause no harm to the humans as well as animals. The flies have been noted to be responsible for many contagious diseases and the insecticides have been observed to be beneficial for the elimination of these flies. The houseflies are known to rest on sunny surfaces during the day and are known to enter the house during the evenings. The areas where these flies come and rest need to be sprayed with insecticides. Growing concerns regarding the risks associated with vector-borne diseases carried by mosquitoes and flies in urban areas is expected to fuel the growth of the Asia Pacific household insecticides market.

Composition Insights

The Asia Pacific Household insecticides market is bifurcated based on form into natural and synthetic. There has been a rising demand for the household insecticides due to the growing awareness of the effects of the insects such as the mosquitoes, flies and other insects on the human health. On the basis of composition, the Asia Pacific household insecticides market is bifurcated as natural and synthetic. The synthetic segment dominated the Asia Pacific household insecticides market whereas natural segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. Synthetic household insecticides are widely used all over Asia Pacific as they are relatively inexpensive and are very efficient in killing pest and insects. The rising spread of mosquitoes, and other bugs due to deforestation and rapid urbanization is expected to drive the market for synthetic household insecticides market in the forecast period. However, the growing awareness about the ill-effects of synthetic pesticides has swayed many users towards more eco-friendly natural household insecticides. Manufacturers are launching new natural household insecticides to cater to these demand. The market for natural household insecticides is anticipated to grow in the forecast period.

Packaging Insights

On the basis of packaging, the Asia Pacific household insecticides market is bifurcated as small, medium and large. The small segment leads the Asia Pacific household insecticides market whereas medium segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. The small packaging type of household insecticides generally weighs between 250 gm. to 500 gm. It has been noted that the small packaging insecticides have been frequently used as they are easy to port and can be used before the product expires. It has a short period of use due to its acute weight. The easy portability and low weight of the small packaging household insecticides has been a contributing factor for the expansion of the market all over the Asia Pacific.

Rest of Asia Pacific Household Insecticides Market by Insect Type

Rest of Asia Pacific Household Insecticides Market by Insect Type
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.


Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Asia Pacific Household Insecticides Market: Strategic Insights

asia-pacific-household-insecticides-market
Market Size Value inUS$ 6,364.7 Million in 2018
Market Size Value byUS$ 9,997.7 Million by 2027
Growth rateCAGR of 5.2% from 2019-2027
Forecast Period2019-2027
Base Year2019
Analyst Image

Shejal

Have a question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

New product development, market initiatives and merger and acquisition were observed as the most adopted strategies in Asia Pacific household insecticides market. Few of the recent developments in the Asia Pacific Household insecticides market are listed below:

2019:

Godrej Consumer Products announced the expansion of Project EMBED (Elimination of Mosquito Borne Endemic Diseases) to Chhattisgarh and Uttar Pradesh. The project will cover 200 villages in the Bastar and Kondagaon districts of Chhattisgarh, and 200 villages in the Bareily and Badaun districts of Uttar Pradesh


2018:

Sumitomo Chemical began operations of newly established chemistry research center in takarazuka, hyogo prefecture, Japan. The chemical research center is intended to serve as Sumitomo Chemical's new global R&D base principally for discovery and innovation of crop protection chemicals and household & public hygiene insecticides.


2017:

Neogen Corp launched CyKill Rodenticide Bait an exceptional rodenticide bait that combines superior palatability with the proven active ingredient bromethalin which is an effective non-anticoagulant rodenticide capable of killing rats and mice in a single feeding

ASIA PACIFIC HOUSEHOLD INSECTICIDES MARKET SEGMENTATION

By Insect Type  

  • Mosquitoes & Flies
  • Rats & other Rodents
  • Termites
  • Bedbugs & Beetles
  • Others


By Composition

  • Natural
  • Synthetic


By Packaging

  • Small
  • Medium
  • Large


By Distribution Channel

  • Supermarket/Hypermarket
  • Convenience Stores
  • Online Stores
  • Others

By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Rest of APAC


Company Profiles

  • Godrej Consumer Products Limited
  • Neogen Corporation
  • SC Johnson & Son, Inc
  • Spectrum Brands, Inc
  • Reckitt Benckiser Group plc
  • Sumitomo Chemical Co., Ltd.
  • Bayer AG.
  • PelGar International
  • Jyothy Laboratories Ltd.
  • Relaxo Domeswear
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Insect Type, Composition, Packaging, Distribution Channel

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies

  1. Godrej Consumer Products Limited
  2. Neogen Corporation
  3. SC Johnson & Son, Inc
  4. Spectrum Brands, Inc.
  5. Reckitt Benckiser Group plc
  6. Sumitomo Chemical Co., Ltd.
  7. Bayer AG
  8. PelGar International
  9. Jyothy Laboratories Ltd
  10. Relaxo Domeswear

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Asia Pacific Household Insecticides Market