tmrFebruary 8, 2021
According to a new market report published by Transparency Market Research “
Insect Repellent Market – Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” in terms of revenue, Europe insect repellent market was valued at US$1.40 bn in 2014, and is expected to reach US$1.82 bn by 2023, increasing at a CAGR of 3.0% from 2015 to 2023.
The insect repellant market in Europe is primarily driven by increasing concerns about insect-borne diseases and existence of strong distribution networks in the continent. Furthermore, rising demand for natural insect repellant products is likely to create a potential growth opportunity for the insect repellant market in the future. However, strict government regulations pertaining to safety of insect repellent products is expected to hinder the growth of the market throughout the forecast period.