Increasing consumer awareness of insect-borne illnesses as a result of augmented trash from businesses or homes is expected to drive expansion of the global insect repellent market during the forecast period, from 2021 to 2031. Government measures aimed at reducing the effect of insects on the environment are also expected to have an impact on the development of the global Insect Repellent market over the forecast period. For example, the government has developed integrated pest control, which attempts to keep pests at a minimum economically. A rise in international trash results in an increase in the number of insect-borne illnesses, which is likely to influence market growth. As per the World Health Organization (WHO), global trash is expected to increase by 70% through 2050.
Some prominent players that are found in the global insect repellent market include names such as Godrej Consumer Products Ltd, Spectrum Brands Holdings Inc., Entomol Products, LLC., S.C. Johnson & Son, Inc., Jyothy Labs Ltd., and Spectrum Brands Holdings Inc.
The global insect repellent market is expected to grow at a CAGR of 7% in terms of revenue over the forecast period, from 2021 to 2031. Many factors influence the market, including increased usage of insect repellent solutions to safeguard against vector-borne illnesses and rising health awareness. The market for creams as well as oil variants of insect repellent is being driven by the growing popularity of body-worn insect repellents.
Asia Pacific is Likely to Dominate the Market, Middle East and Africa to Exhibit Promising Growth Opportunities
Geographical classifications are expected to give a better understanding of the market forces at play at the regional level.
With a substantial market share in 2018, Asia Pacific is likely to dominate the market throughout the forecast period, from 2021 to 2031. In Asia Pacific region, India is likely to account for the bulk of the market and is anticipated to grow at an robust growth rate throughout the forecast period. The market in the area has been pushed by the introduction of numerous types of the product, its acceptance by customers owing to expanding knowledge about various advantages, and the increasing incidence of insect-borne diseases.
In 2018, Middle East and Africa emerged as another important regional market, accounting for a substantial chunk of the total sales. A rise in the number of vector-borne illnesses caused by pathogens has been observed over most of Africa.
Rising Demand for Herbal and Natural Insect Repellant to Augur Well for the Market
The global insect repellent market is likely to be driven by rising awareness about the advantages of insect repellents, especially in rural regions, over the forecast period. Traditional ways of protecting themselves from insects have recently been supplanted by modern insect repellents found in the market. The market is growing due to a rise in demand for natural as well as herb-based insect repellents in the urban areas. Companies are coming up with a variety of product combinations.
Dabur, for example, has developed a herbal mosquito repellent lotion that is also excellent for the skin. However, some products, like as sprays, have negative health consequences due to the presence of deet in them. Repellent liquids, for example, have certain detrimental health consequences. As per a study, around 11.8 % of respondents had health issues after utilizing insect repellents, including headaches, eye irritation, and breathing difficulties. Companies are developing a variety of items that reduce the negative effects of repellents. As a result, the insect repellent market is expected to increase considerably throughout the projected period.
Government authorities as well as environmental agencies have set rules and criteria for insect repellent chemical composition and safety, which are enforced by the insect repellent business. In addition to that, based on species of insects present in specific geographies and climatic conditions, the regulatory framework might change between areas.
The information provided in the review has been extracted from a TMR report titled “Insect Repellent Market (Product Type - Coils, Liquid Vaporizers, Sprays/Aerosol, Mats, and Cream & Oil; Ingredient - Natural Ingredient and Synthetic Ingredient; Distribution Channel - Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031”.
The global Insect Repellent market is segmented based on:
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