The global home insecticides market is anticipated to grow significantly over the forecast period. Insecticides are known to be widely used to control, deter or kill insects in agriculture and related field activity. These insect destroying agents can be synthetic as well as organic in nature or a combination of both. Their home segment counterparts also acquire a prominent market share with growing demand to eliminate insect presence in households. Various insects such as mosquitoes, flies, bugs, termites, ants, etc. are found to create inconvenience and severe health related problems for humans. Some categories of spiders, ants and wasps are dangerous enough to pose life threats. However, humans have gained knowledge to develop ways to tackle the outspread of these insects. Increased awareness of leading a safe, healthy and risk free has prompted the development of various technologies to combat insects’ existence in home and surrounding areas. Low tolerance towards pest menace is a major driving force for this market.
Home insecticide market growth is fuelled by the need for prevention of insect borne diseases. As cities are expanding to accommodate larger populations, they are increasingly becoming prone to suffer from pest infestation. A variety of integrated methods such as genetic, physical, biological and chemical are adopted to face these challenges. Aerosol/ spray, coils, baits and electric vaporizers are the various product forms of home insecticides used in many households to tackle insect problems. Major home insecticides include neem oil, pyrethrin, malathion and carbaryl among others. However, these products may pose health threats due to prolonged exposure to the smell or harmful chemical emissions. The accompanying odor may cause nausea and dizziness or aggravate respiratory problems in patients and hence, is undesirable. They not only eliminate insects, but might also have adverse effects on the human body especially in infants, weak patients and elderly people. This trend is witnessing a change with several technological developments initiated to induce pleasant fragrances and eliminate smoke and odor. Several regulations have been imposed to check the usage of harmful or banned materials in the manufacturing of these products.
Asia Pacific countries such as India and China have been favorable with increased urbanization and awareness of home pest control methods. Production and usage of insecticides made mandatory by EPA has made positive production and consumption conditions for home insecticides market in North America. Home insecticide market participants include Aristo Biotech & Science Pvt. Ltd., AIMCO Pesticides Ltd., Bharat Group, Gharda Chemicals Ltd., Godrej, HPM, Reckitt Benckiser, SC Johnson, Shogun Organics Ltd. and Zapi SPA.
This report by Grand View Research provides complete market estimates and forecasts up to 2020. The study also explains in detail various market dynamics including key drivers, restraints, growth opportunities and competitive landscape. Key questions answered by the report include:
- What is the current market size and what are the future growth prospects of the market
- What are the key applications in the market and what is their future potential
- What are the factors driving market growth and what are the key challenges for participants in this industry
- How will key regional markets perform up to 2020
- What is the competitive scenario in the market, which companies are expected to lead the market over the next six years
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The current pandemic situation has created disruption in the manufacturing of agrochemicals by virtue of raw material availability. Furthermore, this continual trend shall have a cascading effect on food productivity and crop yields on economies that are predominantly agrarian, during a time when demand for Agri produce shall register a spike over the medium term. Governments across the developing world are vying to incrementally ease restrictions on the manufacturing of fertilizers and maintain seasonal agricultural activities in order to reduce concerns regarding food security, which is a critical indicator for determining the course of a supply gap in the industry. The report will account for Covid19 as a key market contributor.