The global market for home pesticides is expanding quickly due to rapid urbanisation. According to a forecast by "Swiss Re," there would be 1.4 billion more people living in cities worldwide by 2030. In cities around the world, there will likely be more than 1.4 billion people by 2030, with China and India leading the way. As a result, one of the key drivers of the market expansion for home insecticides is the rapid development in urban populations around the globe. The development of household pesticides is being aided by the harsh weather brought on by global warming. The need for insecticides is being driven by the fluctuating weather patterns that are occurring in many developed nations. These conditions are encouraging the proliferation of insects and mosquitoes. The market for household insecticides is also being driven by a number of favourable economic factors, including rising disposable income and increased household spending. All of these elements are accelerating market expansion. In the near future, additional market prospects are anticipated as people's knowledge of the need of living a safe, healthy, and risk-free lifestyle grows.
Coherent Market Insights estimates that the market for Household Insecticides is anticipated to reach a value of US$ 17,249 million in 2021 and grow at a CAGR of 6.42% from 2021 to 2028.
Leading Companies in the Household Insecticides Industry:
1. Godrej Consumer Products Limited
The firm was founded in 2001 and has its main office in Mumbai. The business makes products for skin care, hair care, home care, and fabric care. Toilet soaps, cosmetics, shaving creams, talc, home cleansers, and fabric detergents are among the company's offerings.
2. Reckitt Benckiser Group PLC
The business was established in 2007 and is based in Slough, United Kingdom. The company sells a variety of goods, such as fabric treatments, dishwashing detergent, over-the-counter medications, disinfection sprays, and cleaners. The company changed its name from RB to Reckitt in March 2021 as a next step in achieving its strategic goal. The graphic identity and new logo were part of this.
3. S. C. Johnson & Son.
The business was started in 1886 and has its main office in Wisconsin, United States. The business produces and sells consumer goods. Products for home cleaning, air care, pest control, home storage, and auto care are all made by the company. The business declared the introduction of DISSOLVETM Concentrated Pods in its Windex®, Scrubbing Bubbles®, and fantastik® trademarks in the United States in April 2022.
4. Spectrum Brands Holdings
The business was started in 1906 and is located in Wisconsin, United States. The Company provides consumer batteries, residential lock sets, faucets, builders hardware, personal care, home appliances, specialty pet supplies, lawn and garden equipment, and pest control goods through its subsidiaries. The acquisition of the kitchen appliances and cookware division of Tristar Products by Spectrum Brands was finalised in February 2022.
5. Dabur India Limited
The company was established in 1884 and is located in Ghaziabad. It produces natural consumer goods and Ayurvedic medicines. The business makes processed foods, soaps, detergents, hair oils, tooth powders, and antacids. For 588 crore, Dabur purchased a 51% share in the Indian spice manufacturer Badshah Masala in 2022.
6. Jyothy Laboratories Ltd.
The business was established in 1983 and is based in Mumbai. Jyothy Labs Limited creates and produces household goods. The company sells textiles, home care, kitchenware, and cosmetics. The business sells domestic goods and makes and markets soaps, fabric whiteners, and other goods.
7. Earth Chemicals Co. Ltd.
The business was founded in 1988 and is located in Japan. The production and marketing of household goods and pesticides are known to be the focus of Earth Chemical Co Ltd. They also create goods for several other markets, such as those for air fresheners, bath additives, and oral care items.
*Definition: Insects including mosquitoes, rats and other rodents, ants, and cockroaches are killed or destroyed by household pesticides before they can spread throughout the house. To stop the spread of insects, they are sprayed on domestic surfaces or textiles.
