Global Household Insecticides Market by Types, Compositions, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Household Insecticides Market is valued to reach USD 16.4 Billion by 2024, growing at CAGR of 5.2% over forecast period 2020–2026. Rapid urbanization, increasing incidence of vector-borne diseases, growing emphasis on the control of insect vectors and rising unhygienic environmental conditions are key factors driving the market growth.

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Market Trends, Drivers, Restraints, and Opportunities:

Increase in communicable diseases such as malaria and rise in emphasis on the control of insect vectors by local and national government bodies are expected to drive the market.
Surge in the demand for safe and environment-friendly insecticides is creating opportunities in the market.
Rise in awareness about the risks associated with vector borne diseases is expected is encouraging a number of people to purchase household insecticide. This, in turn, is driving the growth of the market.
Government initiatives are prompting the use of household insecticides. Moreover, advancements in insecticide release technology such as aerosols and gels are factors driving the growth of the market.
Adverse effects on human health due to overexposure and increase in resistance of insecticides are likely to hamper the growth of the market.