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Roll-On Insect Repellents Market is Projected to Expand at a CAGR Value of 7% During Forecast Period 2021 to 2031
Roll-On Insect Repellents Market
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Increase in literacy in developing countries is making rural populations focus more on health and hygiene. Furthermore, the current coronavirus crisis is driving modern consumers' purchasing decisions.
Growing use of insect repellents to protect against insect-borne diseases is recognized as a major market driver worldwide. Consumers are more health-conscious and willing to pay for better solutions in healthcare and home care.
As per a new report published by Fact.MR, the global insect repellent market is projected to reach a revenue of US$ 9.3 billon by the end of 2031, and is poised to expand at a CAGR of around 7% over the next ten years.
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Key Takeaways from Market Study
The insect repellent market is anticipated to add 3X value by 2031.
Rising health awareness and prevalence of insect-borne diseases is a key driver of the market.
India and China are expected to become huge markets in the projected period.
There will be huge investments in insect repellents in many countries in Africa.
Investments in R&D and new advancements in technology will increase the market for insect repellents.
Rising demand for insect repellents in the 2nd half of FY2021 will lead to growth in the market.
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The Insect Repellent market report answers important questions which include:
• What does the status of the Insect Repellent market look like after the forecast period?
• Which region has the highest contribution to the global Insect Repellent market and why?
• Which players remain at the top of the global Insect Repellent market?
• What opportunities are available for the Insect Repellent market players to expand their production footprint?
• Which segment has the maximum impact on the global Insect Repellent market?
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