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Mexico Household Insecticides Market Size Worth $159 Million By 2028: IndustryARC

The Mexican Household Insecticide Market is estimated to grow at a CAGR of 6.7% during the forecast period (2023-2028) and reach US$159 million by 2028, from around US$110.4 million in 2022. The increasing demand for insecticides owing to the rising incidences of vector borne diseases are expected to propel the growth of the household insecticides market in Mexico., finds IndustryARC in its recent report, titled “Mexico Household Insecticides Market Size, Share & Trends Analysis Report-By Insecticide Type (Natural oil, N,N-Diethyl-Meta-Toluamide, Hydroxyethyl Isobutyl Piperidine Carboxylate, Pyrethroids, Neonicotinoids and Other Insecticides Types), By Mode of Application (Mosquito & Flies Control, Termite control, Bedbugs & Beetles Control, Ants & Cockroaches, and Others), By Packaging (Small, Medium, and Large), By Distribution Channel (Offline Distribution Channel and Online Distribution Channel), By Product Form (Liquid , Powder, Spray, Gel, Mat, Roll On, Patches, Coils, Dust & Granules, and Others)- Mexico Opportunity Analysis & Industry Forecast, 2023-2028’’

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Mexico Household Insecticides Market2023-2030: Scope of the Report

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2028

CAGR

6.7%

Market Size in 2028

$159million

Segments Covered

Insecticide Type, Mode of Application, Product Form, Packaging, Distribution Channel

Geographies Covered

Mexico

Key Market Players

  1. Spectrum Brands (Bayer AG)
  2. Syngenta
  3. S.C. JOHNSON & SON, INC
  4. BAS
  5. Procter & Gamble Co.
  6. Sumitomo Chemical Co., Ltd
  7. Reckitt Benckiser
  8. FMC Corporation
  9. Rentokil Initial PLC and more

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Mexico Household Insecticides Market Report – Key Takeaways:

Rising Demand for Environmentally Friendly Products

In the Mexico household insecticide market, there is a noticeable trend towards increasing demand for environmentally friendly products. Consumers are becoming more conscious of the impact of traditional insecticides on the environment and human health. As a result, there is a rising preference for insecticides formulated with natural ingredients or eco-friendly formulations. Manufacturers are responding to this trend by introducing insecticide products that are biodegradable, non-toxic, and derived from sustainable sources, catering to the growing demand for eco-conscious pest control solutions.

Innovative Formulations and Delivery Systems

Innovations in formulations and delivery systems are driving the evolution of the Mexico household insecticide market. Manufacturers are introducing new formulations with improved efficacy, longer-lasting protection, and reduced environmental impact. Advanced formulations may include microencapsulation technology, which enables controlled release of active ingredients for prolonged efficacy and minimal exposure to humans and pets. Additionally, manufacturers are exploring innovative delivery systems such as aerosols, baits, gels, and traps to target specific pests and enhance ease of use for consumers, reflecting the demand for convenient and effective pest control solutions.

Focus on improving Indoor Air Quality

There is a growing emphasis on indoor air quality and safety in the Mexico household insecticide market. Consumers are seeking insecticide products that effectively control pests while minimizing exposure to harmful chemicals and indoor air pollutants. Manufacturers are developing low-odor formulations and non-residual insecticides that provide effective pest control without compromising indoor air quality or posing health risks to occupants. Additionally, there is a demand for insecticide products certified as safe for use around children and pets, reflecting the importance of family safety and well-being in purchasing decisions.

Regulations to Hamper Market Growth

The Mexican government imposes strict regulations on the manufacture, importation, labelling, and sale of household insecticide products to protect public health and the environment. Obtaining regulatory approval and product registration can be a time-consuming and costly process, requiring extensive documentation, safety assessments, and testing to demonstrate product efficacy and safety. Moreover, frequent updates to regulations and evolving compliance standards pose challenges for manufacturers and importers to stay abreast of regulatory changes and maintain compliance throughout the product lifecycle.

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Key Opportunity Analysis:

Rising Awareness of Vector Borne Diseases

The increasing awareness of vector-borne diseases in Mexico presents a significant opportunity in the household insecticides market. Mexico is endemic to diseases such as dengue, Zika, and Chikungunya, which are transmitted by mosquitoes. As the population becomes more educated about the risks associated with these diseases, there is a growing demand for effective household insecticides to control mosquito populations and reduce the risk of disease transmission. Manufacturers have the opportunity to capitalize on this trend by developing and marketing insecticide products specifically formulated to target mosquitoes and other disease-carrying pests. By offering solutions that provide reliable and long-lasting protection against mosquitoes, manufacturers can address consumer concerns and contribute to public health efforts to mitigate the spread of vector-borne diseases in Mexico.

Focus on Environmental Sustainability

As consumers become more environmentally conscious, there is a demand for insecticide products that are formulated with eco-friendly ingredients, minimize environmental impact, and promote sustainable pest control practices. Manufacturers have the opportunity to develop insecticide formulations that utilize natural ingredients, biodegradable materials, and environmentally friendly packaging to appeal to eco-conscious consumers. Additionally, incorporating sustainable practices such as integrated pest management (IPM) techniques and reducing reliance on chemical pesticides can help manufacturers align with consumer preferences for environmentally sustainable pest control solutions.

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The Report also Covers the Following Areas:

  • Mexico Household Insecticides Market Size and Forecast
  • Mexico Household Insecticides Market Trends
  • Mexico Household Insecticides Market Analysis by Insecticide Type

Mexico Household Insecticides Market2023-2030: Key Highlights

  • CAGR of the market during the forecast period 2023-2028
  • Value Chain analysis of key stake holders
  • Detailed analysis of market drivers and opportunities during the forecast period
  • Mexico Household Insecticides Market size estimation and forecast
  • Analysis and predictions on end users’ behavior and upcoming trends
  • Competitive landscape and Vendor market analysis including offerings, developments, and financials
  • Comprehensive analysis of challenges and constraints in the Mexico Household Insecticides Market

Covid and Ukrainian Crisis Impact:

During the Covid-19 pandemic, heightened hygiene awareness and increased time spent indoors led to a surge in demand for household insecticides as consumers sought to control pests within their living spaces. However, supply chain disruptions and economic uncertainties posed challenges for manufacturers, affecting production and distribution.

The Russia-Ukraine war has introduced geopolitical tensions and economic instability, impacting import/export dynamics and pricing of raw materials for insecticides. Despite challenges, opportunities for growth remain as consumers prioritize health and sanitation, driving sustained demand for household insecticides in Mexico.

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List of Key Market Players in Mexico Household Insecticides Market:

The key companies profiled in the Mexico Household Insecticides Market Report are listed below:

  1. Spectrum Brands (Bayer AG)
  2. Syngenta
  3. S.C. JOHNSON & SON, INC
  4. BASF
  5. Procter & Gamble Co.
  6. Sumitomo Chemical Co., Ltd
  7. Reckitt Benckiser
  8. FMC Corporation
  9. Rentokil Initial PLC

Related Reports:

Insecticides Market – Insecticides market size is estimated to reach US$27.0 billion by 2027 after growing at a CAGR of 4.6% during 2022-2027.Insecticides are substances which are used to control insects by preventing or killing them to control pests which infect cultivated plants.

North America Insecticides Market – North America Insecticides market size is forecast to reach US$5.6 billion by 2027, after growing at a CAGR of 4.3% during the forecast period 2022-2027. Insecticides such as organophosphate, carbamates, nicotinoids, neonics, aldicarb, others are frequently used in a variety of applications because they provide significant benefits such as higher crop yields due to defoliation disease protection, reduced spoiling of stored foods, and more.

Carbamate Insecticides Market – The Carbamate Insecticides market size is forecasted to reach a value of US$341.6 million by the end of 2027 after growing at a CAGR of 4.5% during the forecast period 2022-2027. The carbamates are a group of insecticides that consists of compounds such as methiocarb, carbamyl, methomyl and carbofuran. It is used to kill and control pest infestation.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

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Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518 282 4727


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