Insect Repellent Market Size, Share, Growth, Trends and Forecast Report

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.

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.

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.

Access full research report on global insect repellent market: 
www.grandviewresearch.com/industry-analysis/insect-repellent-market

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Created on Nov 21st 2019 13:40. Viewed 347 times.

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