Global Home Insecticides Market Is Expected To Hold a Value Worth US$ 29 Billion By 2032

The global home insecticides market is expected to secure US$ 14.96 Billion in 2022. During the forecast period of 2022-2032, the global home pesticides market is projected to exhibit a CAGR of 6.84% while garnering a market value worth US$ 29 Billion.

The market development can be attributed to the growing acceptance of home insecticides for safety needs and healthy environment requirements.

Home insecticides are used to get rid of insects like rats & rodents, mosquitos, ants, and cockroaches. They are applied to the surface or clothes of the house to control the growth of such insects. Home insecticides are available in various forms, including aerosols, vaporizers, powdered, patches, roll-ons, creams, and granules.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=127

The home insecticide market is projected to be driven by the increasing demand to prevent the spread of insect-borne diseases. As the population is expanding, they are increasingly becoming prone to suffer from pest infection. Increasing awareness of a hygienic, safer lifestyle and risk-free lifestyle is expected to propel the market in the forecast period.

Low tolerance toward pest menace is a significant driver for the market. Further, a rise in government programs is encouraging the application of household insecticides, and developments in pesticide release technologies like aerosols, sprays, and gels. Such factors are expected to benefit the market during the forecast period.

The growing launch of new products by players in the market is expected to widen the market size in the coming time. For instance, in February 2022, Godrej Agrovet Limited, announced the launch of Gracia (Fluxametamide, an isoxazoline compound) in the Indian market. It is patented chemistry discovered and developed by Japan's Nisan Chemical Corporation and will be introduced in India through collaboration with Godrej Agrovet.

How is the Presence of Established Players Driving the Home Insecticides Market in North America?

As per the analysis, North America is expected to dominate the global home insecticides market during the forecast period. The U.S is likely to make the maximum contribution in developing the market from 2022-2032. In 2021, the U.S is likely to have secured US$ 10.2 Billion of global revenue.

The domination of the region can be attributed to the presence of established players in the region. Also, with the implementation of EPA regulation, the application of insecticides has become mandatory in the country, thus, benefitting the regional market.

Other factors contributing to the market growth include increased awareness, and growing concern toward hygiene, among others. Such factors are expected to benefit the market during the forecast period.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: https://www.factmr.com/connectus/sample?flag=RC&rep_id=127

Key Segments in Home Insecticides Industry Research
• By Form :
o Sprays
o Aerosol
o Electric
o Coils
o Baits
o Creams
o Gels
o Mats
o Patches
o Liquid
o Roll-ons
o Powdered Granule

• By Composition :
o Natural Household Insecticides
 Citronella Oil-based
 Geraniol Oil-based
 Neem Oil-based

o Synthetic Household Insecticides
 N,N-Diethyl-meta-Toluamide (DEET)
 Hydroxyethyl Isobutyl Piperidine Carboxylate (Picaridin)
 Icaridin

• By Distribution Channel :
o Supermarkets & Hypermarkets
o Drug Stores
o Convenience Stores
o e-Commerce

• By Application :
o Mosquito & Flies Control
o Rat & Rodent Control
o Termite Control
o Bedbugs & Beetles
o Cockroaches

𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭: https://www.factmr.com/checkout/127

Competition Analysis

Key players in the global home insecticides market include Shogun Organics Ltd., Nicols, Bayer AG, Aristo Biotech and Life Science Pvt. Ltd., Bharat Group, FMC, AIMCO pesticides Limited, HPM Chemicals and Fertilizers Ltd., Gharda Chemicals Ltd., Natural Insecto Products Inc., Walco-Linck Company, Zapi SpA, Godrej Consumer Products Ltd., S. C. JOHNSON & SON, INC., Dabur India Limited, Zhongshan Lanju, Liphatech Inc., Neogen Corporation, Earth Chnsemicals co. Ltd., Jyothy Laboratories Ltd., Amplecta AB, Spectrum Brands limited, Sumitomo Chemicals, Kittrich Corporation, Sanmex International, LODI UK LIMITED, and PelGar International.

Recent Update from the Industry :

• In September 2020, Mitsui & Co., Ltd., and Nippon Soda Co., Ltd., announced the acquisition of majority shares in Bharat Insecticide Limited, an Indian agrochemical company, through the special purpose company co-founded by Nisso and Mitsui. Mitsui and Nisso intend to contribute to the expansion of BIL's business in India by inducing synergy with Mitsui's global assets and by introducing Nisso's competitive products into BIL's portfolio.

• In April 2020, Sumitomo Chemical Company Limited successfully completed the acquisition of four South American subsidiaries in Brazil, Argentina, Chile, and Colombia. It is owned by group companies of Nufarm Limited, a known Australian agricultural chemical company, through Sumitomo Chemical's wholly-owned subsidiaries in the region.

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