MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Home Insecticide Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Home Insecticide Market: 2023-2028
The Home Insecticide Market size was valued at USD 12.35 billion in 2022 and is projected to grow at a CAGR of around 5.27% during the forecast period, i.e., 2023-28.
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What are the primary factors driving the growth of the Home Insecticide Market?
Global Home Insecticides Market Driver: The Rising Number of Vector-Borne Diseases is Increasing the Adoption
Globally the instances of vector-borne diseases such as Malaria, Dengue, Viral Infections, etc. have grown manifold mainly due to urbanization, improper sanitation, climate change, vector resistance, and others. According to the WHO’s World Malaria Report, nearly 241 million individuals were diagnosed with malaria with over 0.6 million mortalities in 2020.
Further, the report also stated that nearly half of the world’s population resides in malaria-prone regions of the world. This has increased the instances of vector borne diseases in these regions which has led to a behavioural shift and has made individuals more concerned about personal health. This resulted in a higher demand for home insecticides solution such as coils, sprays, etc. as these are effective measures to control and prevent the spread of vectors.
Additionally, countries such as India, Brazil, Indonesia, South Africa, and others are the breeding grounds for vectors such as mosquitos, cockroaches, etc. due to the tropical climatic conditions in the nations. As a result, there has been a constant demand for insecticides from such countries, with the sudden spike in peak seasons including summer & monsoon. For instance;
As per Dabur India, the demand for its mosquito repellent cream grew by nearly 2.6% between April 2022 to July 2022.
Further, several government programs such as National Vector Borne Disease Program (India), National Malaria Control Programme (the US), Global Malaria Program, etc., are emerging as an opportunity area for insecticide. As these programs would further fuel the demand for mosquito repellent among the household, thereby leading to the growth of the Global Home Insecticide Market in the coming years
Home Insecticide Market Segmentation:
The Home Insecticide Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Insect Type
-Cockroach
-Mosquitoes & Flies
-Rats & Rodents
-Bedbugs & Beetles
-Others (Ants, Termites, etc.)
- Mosquitoes & Flies, hold a substantial share in the Global Home Insecticides.
By Chemical Type
-Natural
–Citronella Oil
–Geraniol
–Others (Neem oil, Eucalyptus Oil, etc.)
-Synthetics
–N, N Diethyl-Meta-Toluamide
–Hydroxyethyl Isobutyl Pieridine Carboxylate
–Others (Fumigants, Pyrethroids, etc.)
By Product Type
-Spray
-Mosquito Coil
-Baits
-Others (Electric Vaporizers, Granules, etc.)
By Distribution Channel
-Offline
–Supermarket/ Hypermarket
–Convenience Stores
–Drug Stores & Pharmacy
-Online
Geographical Analysis into the Vivid Hair Dye Market:
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Thailand, Vietnam, Rest of Asia-Pacific
- South America: Brazil, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/home-insecticides-market.html
Competitive Landscape and Home Insecticide Market Share Analysis:
The competitive landscape of the Home Insecticide Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
FMC, Godrej Consumer Goods, SC Johnson, Spectrum, Dabur India Ltd., Amplecta, BASF SE, Jyuthy Labs, Liphatech, Kittrich, PelGar, Sumitomo Chemicals, Reckitt Benckiser Group Plc, PIC Corporation, Proctor & Gamble, Others
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Home Insecticide Market growth?
- How is the Home Insecticide Market expected to grow over the next five years?
- What are the key insights into the current trends in the Home Insecticide Market?
- What is the current size of the Home Insecticide Market, and how is it projected to change in the future?
- What is the future outlook for the Home Insecticide Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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