Global Repellents Market Forecast to 2023: Growing at a CAGR of 7.5%

Global Industry Analysis

The Repellents Market has seen considerable growth in recent years and is projected to continue to flourish. Repellents are substances or devices used to repel animals, insects, and other pests, commonly used by people in domestic and outdoor settings. Repellents come in a variety of forms such as sprays, lotions, and coils.

The global repellents market is projected to reach USD 6.4 billion by 2023, growing at a CAGR of 7.5% from 2015 to 2023. The increasing prevalence of vector-borne diseases, rising awareness about the benefits of using repellents, and growing demand for natural and organic repellents are some of the major factors driving the growth of the market.

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Due to the widespread reproduction of insects and mosquitoes, as well as the terrible diseases brought on by them, the market for repellents has reached maturity worldwide. The urban population's growing willingness to spend money on insect repellents as a preventative step against a number of diseases caused by mosquitoes, however, has also contributed to the market's expansion.

Several growth factors such as increasing awareness about health and related diseases and reducing tolerance towards pest problems are expected to boost the demand for repellents. Furthermore, rising health consciousness and improvements in literacy in certain rural areas of developing countries have also fuelled the demand for repellents. However, growing health concerns regarding use of certain hazardous chemicals in repellents is expected to slow down the growth of the market.

Community outreach and establishment of disease prevention programs in emerging markets are expected to provide new opportunities for the growth of the market. North America was the largest consumer for repellents, followed by Europe. Asia Pacific is expected to be the fastest growing market on account of rising health awareness regarding certain diseases as well as various tie-ups between international and domestic manufacturers for expanding their product portfolio in the region.

Balsara Hygiene, Bayer, Henkel AG & Co. KGaA, Jyothi Laboratories, Motomco Ltd., Own Label, Reckitt Benckiser Group PLC, S.C. Johnson & Son, Inc., Spectrum Brands, Inc., Tainwala Chemicals, Willert Home Products, Inc. are some of the major repellent manufacturers present in the industry.

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This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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