Market Size of Household Insecticides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Household Insecticides Market Analysis
The Household Insecticides Market size is estimated at USD 17.24 billion in 2023, and is expected to reach USD 23.34 billion by 2028, growing at a CAGR of 6.25% during the forecast period (2023-2028).
- Increased threats due to communicable diseases such as malaria and an increased emphasis on the control of insect vectors by local and national government bodies are expected to drive the market in the forecast period.
- To cater to the needs of household consumers, companies in the market are increasingly providing convenience through products that are easy to use and require minimal effort. In addition, there is a growing trend towards safer and more environment-friendly household insecticides. This has led to an increase in the usage of synthetic pyrethroids, which are considered to be safer than traditional insecticides.
- One of the major challenges facing the market is the emergence of insect resistance among insects. This has led to the development of new and innovative insecticides that are more effective and have a longer residual effect. Another challenge is the negative impact of insecticides on the environment and human health. This has led to increasing demand for more sustainable and eco-friendly solutions. Therefore, with an increasing focus on safer and more sustainable products, the industry is expected to grow during the forecast period, coupled with increasing new innovations and solutions aimed at improving efficiency and effectiveness in controlling insect vectors.
