GCC Household Insecticides Market Forecast Report to 2027 | Synthetic or Natural Insecticides – Analysis by Experts on the future of the industry
Recently Developed report on Household Insecticides Market of Asia Pacific Region Provides in Depth Analysis by top Players, Suppliers, Manufacturers with key competitive intelligence. The Report further gives precise data with market segmentation by types of insecticides, application area, end users and Regional analysis. The report contains experts’ reviews and discussions which proves helpful in analysing driving forces, future trends, opportunities and challenges in the household insecticides market.
The Asia Pacific Household Insecticides Market is accounted to US$ 6.4 Billion in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 10 Billion by 2027.
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The Asia Pacific Household Insecticides Market is segmented on the basis of insect type as mosquitoes & flies, rats & other rodents, termites, bedbugs & beetles, and others. The mosquitoes & flies Asia Pacific Household Insecticides Market is estimated to hold a dominant share in the market. There has been a rising demand for mosquito insecticides in the Asia pacific market.
There are two leading and most widely used insecticides that are used in the preparation of household insecticides to be effective against mosquitoes known as malathion and permethrin. Malathion is an organophosphate that is quite often used for the elimination of mosquitoes indoors as well as outdoors and also against a wide range of insects. It is used in a small amount as in the mosquito insecticide as it possesses no harm to humans. Permethrin is another chemical that is widely used in the preparation of mosquito insecticides that belongs to the group of chemicals known as pyrethroids. This chemical is mixed with water or oil and is applied as a mist. This chemical is used in the preparation of mosquito insecticides as it damages the central nervous system of the mosquitoes and is noted to cause no harm to the humans as well as animals. Growing concerns regarding the risks associated with vector-borne diseases carried by mosquitoes and flies in urban areas is expected to fuel the growth of the household insecticides market in Asia pacific
Some of the players present in Asia Pacific Household Insecticides Market are Godrej Consumer Products Limited, Neogen Corporation, SC Johnson & Son, Inc, Spectrum Brands, Inc, Reckitt Benckiser Group plc, Sumitomo Chemical Co., Ltd., Bayer AG., PelGar International, Jyothy Laboratories Ltd., and Relaxo Domeswear among others
The Asia Pacific Household Insecticides Market is segmented based on composition as natural and synthetic. The synthetic segment accounts for the largest share in the Asia Pacific Household Insecticides Market, while the natural segment also contributes a significant share in the market. The rising awareness of the effects of insects and it playing the role of epidemic diseases has led to an upsurge in the use of household insecticides and synthetic household insecticides in particular. Synthetic household insecticides are widely used all over Asia pacific as they are relatively inexpensive and are very efficient in killing pest and insects.
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The rising spread of mosquitoes, and other bugs due to deforestation and rapid urbanization is expected to drive the market for synthetic household insecticides market in the forecast period. While growing awareness about the ill-effects of synthetic pesticides has swayed many users towards more eco-friendly natural household insecticides. Natural household insecticides are more environmentally friendly and do not pose harm to living creatures. Some of the examples of natural compositions of household insecticides are citronella oil, geraniol and others. Manufacturers are launching new natural household insecticides to cater to these demand. The market for natural household insecticides is anticipated to grow in the forecast period.
The Asia Pacific Household Insecticides Market is segmented based on packaging as small, medium, and large. The small segment leads the Asia Pacific Household Insecticides Market whereas medium segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. The small packaging type of household insecticides generally weighs between 250 gm. to 500 gm. It has been noted that the small packaging insecticides have been frequently used as they are easy to port and can be used before the product expires. It has a short period of use due to its acute weight. The easy portability and low weight of the small packaging household insecticides has been a contributing factor for the expansion of the market all over the globe.
Asia Pacific Household Insecticides Market is segmented on the country as Australia, China, Japan, India, South Korea, Indonesia, and Rest of Asia pacific. China has a major share in the Asia Pacific Household Insecticides Market, which is followed by Japan. The large population of China generates significant demand for household pesticides per capita annually.
The rise in home ownership, the burgeoning immigrant population, and growing income levels are attributed to the growing sales of household pesticides in China and Japan. China led the Asia Pacific Household Insecticides Market in 2018, and is expected to continue its dominance during the forecast period by accounting for a significant share of the total Asia pacific market revenue share in 2027.
The overall Asia Pacific Household Insecticides Market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia Pacific Household Insecticides Market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific Household Insecticides Market.
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