According to the latest report by IMARC Group, titled "Household Insecticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global household insecticides market is currently witnessing healthy growth. Household insecticides are chemicals that are utilized to control the growth of insects. These chemicals consist of citronella oil, geraniol oil, boric acid, cyfluthrin and hydroxyethyl isobutyl piperidine carboxylate and are available in various forms, such as gels, creams, roll-on, coils, mats, aerosols, oil sprays, vaporizers, patches, powders and granules. They are widely used to kill flies, rats, ants, moths, cockroaches, mosquitoes and beetles, along with harmful fungi and bacteria, to prevent the spread of vector-borne diseases. As a result, they are extensively employed across outdoor, kitchen and lawn applications in domestic settings.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Household Insecticides Market Trends:
The global market is primarily driven by the growing prevalence of vector-borne diseases, such as malaria, dengue fever and chikungunya. Moreover, individuals are becoming more aware of the disease transmission and infestations, which, in turn, is propelling the sales of household insecticides. Along with this, governments of various countries are organizing campaigns to educate individuals regarding the importance of maintaining a hygienic lifestyle. The continual launch of innovative products, such as oil sprays, lotions, repellent sprays and slow-release vaporizing systems, is acting as another major growth-inducing factor. The market is further driven by the advent of organic variants and the growing preference for premium products in urban markets. Other factors, such as rapid urbanization, increasing demand for pest control solutions, and rising consumer expenditure capacities, are creating a positive outlook of the market further. On account of the aforementioned factors, the market is anticipated to expand at a CAGR of around 5% during 2020-2025.
Market Summary:
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