Insect Repellent Market To Grow Enormously with Size Worth $5.8 Billion By 2025 |Grand View Research, Inc.



The global insect repellent market size is expected to reach USD 5.8 billion by 2025, expanding at a CAGR of 7.0% in the forecast period, according to a new report by Grand View Research, Inc. Increasing pests due to global warming results in rise in the number of insect borne diseases, which is a prominent factor propelling the market growth.
The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
On the basis of product type, vaporizers dominated the market with a share of 29.7% in 2018. The fact that it reduces the effect of pests and do not let humans get out of the place is among the prominent factors for the segment growth. Integration of herbal products has also fuelled the market growth in recent times. Spray is the fastest growing product type, expanding at a CAGR of 7.5% in the forecast period. Wide application and effectiveness make it more popular among the consumer group.
Mosquito repellent is the most selling product based on insect type and it accounted for 51.5% share of the total revenue in 2018. The fact that the most common insect borne disease is caused due to mosquitoes and increasing awareness regarding the product are among the prominent factors for the segment growth. Demand for bugs repellent is also likely to witness a significant rise in the forecast period. Rapid increase in the number of bed bugs and their frequent growth by more than 50.0% every year are likely to boost the segment growth in the forecast period.
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Asia Pacific emerged as the largest regional insects repellents market, accounting for 40.0% share of the overall revenue in 2018. India is one of the leading markets for the product and is expected to expand at a CAGR of 8.9% in the forecast period. Growing usage of the product in the rural areas due to replacement of traditional methods with the new pest repellents is propelling the market growth in the region.
Further key findings from the study suggest:
·         By product type, vaporiser is expected to expand at a CAGR of 7.0% in the forecast period
·         By insect type, mosquito repellent is anticipated to expand at a CAGR of 7.4% in the forecast period
·         Countries such as India and Saudi Arabia are projected to witness significant growth in insects repellent market due to increasing number of diseases in the region.
The global insect repellent market size was valued at USD 3.6 billion in 2018 and is expected to expand at a CAGR of 7.0% over the forecast period. Growing consumer awareness regarding insect borne diseases due to increasing waste from household or commercials is anticipated to propel the market growth in the forecast period.
Furthermore, rising insect borne diseases due to increasing number of mosquitoes has impacted the market growth to a great extent. Regions such as North America, Asia Pacific, and Europe have witnessed a large number of cases of dengue, Malaria, and chikungunya. For instance, according to a survey, the number of cases has increased to 2 million in 2017 from 2016 across the countries. Increasing global warming has also led to a rise in the insect borne diseases due to increase in the number of insects. This, in turn, increases the demand for the repellent.
Government initiatives in order to control the effects of insects in the surroundings is also likely to impact the market growth in the forecast period. For instance, government has come up with integrated pest management that aims at keeping the pests under economic level. Increase in the number of global waste is also impacting the market growth as it leads to increase in the number of insect borne diseases. For instance, according to the WHO, the global waste is anticipated to grow by 70.0% by 2050.
Growing awareness regarding the benefits of insect repellents, particularly in rural areas, is driving the market in the forecast period. In the recent past, the traditional methods of preventing themselves from insect has been replaced to new insect repellents available in the market. In urban areas, increase in demand for natural and herb based insect repellents is fueling the market growth. Manufacturers are coming up with various integrations in the products.
For instance, Dabur has come up with herbal cream for mosquito repellent, which is good for skin as well. Although, some products such as sprays have adverse effects on the health due to content of deet in them. Products such as repellent liquids also have some negative effects on the health. According to a report, 11.8% of the people reported different health problems such a breathing problem, itching in eyes, and headache after using insect repellents. Manufacturers are coming up with various different products that are reducing the harmful effects of the repellents. This, in turn, is anticipated to boost the insect repellent market growth significantly in the forecast period.
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On the basis of the product type, vaporizers accounted for the largest share of 29.7% in 2018. Vaporizers help reducing insect counts and they contain perfume that prevents humans to not get impacted by its effect. Integration of herbal ingredients in the product is also likely to fuel the segment growth in the forecast period.
Spray is expected to expand at the fastest CAGR of 7.5% in the forecast period. Wide application of the product ranging from mosquito repellent to bugs and fly repellent has made it popular among the consumer group. Spray helps to get rid of insects present in the pipeline of kitchens and washrooms and is more effective as compared to liquids. The main reason for its lower market share is that people feel uncomfortable for a while after spraying.
Grand View Research has segmented the global insects repellent market on the basis of product type, insect type:
Insect Repellent Product Type Outlook (Revenue, USD Million, 2015 - 2025)
·         Vaporizers
·         Spray
·         Cream
·         Others
Insect Repellent Insect Type Outlook (Revenue, USD Million, 2015 - 2025)
·         Mosquito
·         Bugs
·         Fly
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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