Household insecticides are chemical substances used to eradicate or kill insects from the house. Cockroaches, bedbugs & beetles, files & moths, mosquitos, ants, and rats & rodents are some of the insects on which household insecticides are applied. Household insecticides can be classified into synthetic and natural. Synthetic includes DEET and Picaridin whereas natural includes geraniol and citronella oil.
The global household insecticides market is expected to surpass US$ 29,972.2 Mn in terms of value by the end of 2028.
Growing concern over vector-borne disease is primarily fueling the market growth of the household insecticides. According to the World Health Organization, vector-borne diseases account for more than 17% of all infectious diseases, causing more than 700 000 deaths annually. They can be caused by either parasites, bacteria, or viruses. Malaria is a parasitic infection transmitted by Anopheline mosquitoes. It causes an estimated 219 million cases globally and results in more than 400,000 deaths every year.
Continuous product launch by key products in order to cater to rising demand is expected to provide lucrative opportunities over the forecast period. For instance, in November 2017, BASF launched a new multi-purpose, undetectable insecticide in Australia. The new product is Seclira® WSG, it is a non-repellent insecticide to control both indoor and outdoor pests. It is a colorless, non-staining product that helps reduce the risk of contamination while providing enhanced coverage with lower impact on the area where treatment is being applied.
To know the latest trends and insights prevalent in this market, click the link below:
Global Household Insecticides Market: Recent Developments
Toxicity and associated health issues with the exposure of household insecticides is expected to hinder the market growth. According to the Coherent Market Insights Analysis, DEET is a neurotoxin that may increase the toxicity of other chemicals, to which people are exposed. Almost one-third of children in the U.S. are estimated to use DEET-based products.
Global Household Insecticides Market - Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on household insecticides market.
Figure 1. Global Household Insecticides Market Value (US$ Mn), by Product Type, 2020
The rising popularity of paper-based mosquito repellent product that helps in eradicating the household insecticides is contributing to the market growth. Moreover, they are cost-effective and are easy available in market. This is again propelling the demand for paper-based mosquito repellent. Advent of IoT based household insecticide devices is projected to support the market growth over the forecast period. For instance, in April 2018, Henkel has introduced the world’s first Internet of Things (IoT) electrical diffusor against mosquitoes. It is called “HomeControl” and is launched under the brands Vape (Italy), Bloom (Spain) and Catch (France).
Growing strategic partnership and agreement among key manufacturer in order to cater to rising demand is one of the trends. For instance, in April 2020, Godrej Consumer Products Limited (GCPL) has partnered with start-ups Zomato, Shopkirana, and Zoomcar for delivery of essential items during lockdown amid the coronavirus pandemic. The aim of this partnership is to deliver essential products under personal care, hair care, home care, and household insecticide categories to customers at their doorsteps.