Insect Repellent Market is expected to reach USD 7.49 billion by 2029, at a CAGR of 6.75% during the forecast period.
Insect Repellent Market Scope:
The Insect Repellent Market research report outlines the sector's competitive landscape in order to assist the major market players in increasing their market shares and maintaining their competitiveness. The study outlines the competitive landscape for the industry using the PESTEL analysis and Porter's five forces model. The important investment options for the sector's players to profit are also included in the research report. These analytical structures are calculated based on their CAGR and relative market share. The study includes a list of the major market players, their financial standing, and their relative market shares across the globe. The study's company profiles also cover the strategic advancements achieved by the leading businesses in the industry on a global and regional level, including mergers and acquisitions, new covenants, partnerships, and product launches.
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COVID 19 Impact:
The pandemic outbreak had a significant global impact and slowed socioeconomic progress. As a result, the market analysis for Insect Repellent provides a micro- and macroeconomic evaluation of the sector throughout the epidemic. The study also breaks down the effect of Covid-19 on the market qualitatively. In addition, the study work supports the market size based on the pandemic's overall effects on the sector and sheds insight on the post-covid environment in the coming years. The report also focuses on the fundamental tactics used by the main parties throughout the global health crisis. In addition, it provides a clear framework for how the pandemic would affect sales, the supply chain, and other crucial parts of the market.
Report Insights:
This study examines the market's capacity, production, structure, sales (consumption), price, and gross margin. In order to compile current government rules, knowledge of the industry, and data, primary and secondary research with qualitative and quantitative components was conducted. The research document provides information on significant trends, regional dynamics, and market drivers.
Market Dynamics:
The market research study evaluates the market's demographics, development prospects, and suitability for the study period. This element aids in determining the market's size and lays the groundwork for the market's ability to sustain its present growth pattern over time. The market research also highlights the main industries' current and future investment opportunities. These minute details have been thoughtfully created to help the stakeholders completely comprehend the state of the market's potential opportunities.
Market Segmentation:
By source, the constant demand for plant-based repellents and increasing penetration in untapped markets of rural regions are generating new opportunities for the players in the global insect repellent market. Natural ingredient based insect repellent is gaining popularity among buyers observing for a natural, waterproof and less messy alternative to sprays or lotions. Most insect repellents that can be put on the skin are registered by the U.S. Environmental Protection Agency (EPA) before they can be sold in stores. EPA registration means the insect repellent has been tested and permitted for human safety and is effective when used in keeping with directions on the label.
List of Key Players:
• Reckitt Benckiser Group plc.
• Godrej Household Products Ltd.
• SC Johnson & Son, Inc.
• Dabur International Limited
• Jyothy Laboratories Ltd.
• Spectrum Brands Holdings Inc.
• Henkel AG & Co. KGaA
• Willert Home Products, Inc.
• Motomco Ltd.
• The Yankee Candle Company, Inc.
• Avon Products Inc.
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Report Brief:
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Dec 05, 2022