SPAIN HOME INSECTICIDES MARKET FORECAST 2022-2028

The Spain home insecticides market had generated $166.22 million in 2021, and is predicted to be valued at $215.39 million by 2028, rising at a 3.15% CAGR during the forecasted period, 2022 to 2028.

Termite infestations are not rare in Spain. In parts of Tenerife – a municipality in Spain’s Canary Island, many buildings of considerable cultural value, mainly built from timber, high temperatures, and high humidity levels, create ideal conditions for termites to thrive throughout the year.

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In 2019, the Tenerife Island Council and the regional Canary Island government were preparing a plan to completely eradicate the species from the island within 10 years. The proposed budget was $5.11 million, but the regional government believed the cost could go up to $10.23 million in only four years.

Also, government regulation supports sales of air treatment appliances in Spain, persuading many consumers to invest in such products. Therefore, home insecticide brand owners are investing in product innovations to collaborate with air treatment appliance manufacturers, promoting new ways of using home insecticides in closed environments.

In addition, consumers will be drawn by home insecticides they can use in private gardens and terraces in conjunction with other garden appliances. Similar to smart irrigation, consumers will be raising their expectations for home insecticides in the forecast period, calling for more innovative development in terms of use. Thus, the Spain home insecticides market can further be expanded by integrating the indoor air quality system.

However, since Spain healthcare regulations are stringent, the widespread and prolonged usage of insecticides faces restrictions. Hence, the harmful effects associated with insecticides are the major restrained for the home insecticides market in Spain. During the forecast period, sell of biocide home insecticides will only be supported by trained staff members over the counter. The tighter restrictions on purchasing home insecticides and rising unit prices due to the ban on price promotions for biocide insecticides could play a key role in slowing the retail volume performance of the products.

Inkwood Research’s report on the Spain home insecticides market provides in-depth insights and a market segmentation analysis. The detailed evaluation of the market includes Key Buying Criteria, Market Share Analysis, Competitive Landscape, Pestle Analysis, Value Chain Analysis, and Brand Share Analysis. The segmentation analysis of the Spain home insecticides market entails market by type and distribution channel.

Some of the key players in the Spain home insecticides market include AC Marca Home Care SA, Francisco Aragon SLU, SC Johnson & Son Inc, etc.

Report Synopsis

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