Home insecticides are expected to show positive retail value growth over the forecast period, with retail sales projected to increase at a current value CAGR of 21% (4% in constant value terms) and volume growing at a CAGR of 5%. As the economy improves and exchange rate stability helps reduce import and production costs, growth is set to accelerate.
Spray/aerosol insecticides is expected to continue driving overall retail volume and value growth over the forecast period, owing to their perceived effectiveness and strong consumer familiarity. Ongoing developments of more effective products, particularly those that claim to use less harmful or natural ingredients and feature milder scents, will help to spur demand.
The niche category of electric insecticides is expected to experience a recovery over the forecast period, although its growth will remain somewhat constrained by challenging economic conditions. Consumers perceive these products as safer, with fewer side effects compared to other home insecticide categories.
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Understand the latest market trends and future growth opportunities for the Home Insecticides industry in Nigeria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Insecticides industry in Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Insecticides
This is the aggregation of spray/aerosol insecticides, electric insecticides, coils, baits and other insecticides.
See all of our definitionsThis report originates from Passport, our Home Insecticides research and analysis database.
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