Impact of COVID-19 on insect repellent active ingredients market

Insect Repellent Active Ingredients Market by Type (DEET, Picaridin, IR 3535, P-Methane3,8 DIOL, DEPA), Concentration (Less than 10%, 10% to 50%, More Than 50%), Insect Type (Mosquitoes, Bugs, Ticks, Flies), End Application - Global Forecast to 2026

(EMAILWIRE.COM, August 10, 2021 ) The global insect repellent active ingredients market is estimated to be valued at USD 884 million in 2021 and is projected to reach USD 1,361 million by 2026, recording a CAGR of 9.0%, in terms of value.

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The growth in consumption of insect repellent products, growth in households, increasing vector borne diseases, and implementation of innovative animal husbandry practices to protect the animals from insect infections have led to the increased consumption of insect repellent active ingredients. The North America region will dominate the global insect repellent active ingredients market due to the presence of large insect control service providers and their growth rate. Furthermore, the region has witnessed an increase in the number of households, particularly in countries such as US and Mexico.

Impact of COVID-19 on insect repellent active ingredients market:

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. Where the medical community is focused on developing successful diagnostic and medical treatment, the insect repellent industry is also focused on manufacturing innovative products for humans and animals to protect them from insect infections.

Owing to the increasing COVID-19 pandemic outbreak in various regions/countries, the insect repellent active ingredients market in 2020 was observed to witness a decline due to the lockdowns in various countries, closure of the international borders, and delay in cross border transit that has led to supply chain hindrances. The social distancing and the other measures taken by the regional governments limit the number of people who can work together in small areas.

Thus, the decline in 2020 in the insect repellent active ingredients market growth was mainly due to the major impact of the COVID-19 pandemic. Gradually, as the restrictions of the government measures are likely to relax, the market for insect repellent active ingredients would witness a slight increment in the upcoming years till 2026.

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Key players in this market include Clariant AG (Switzerland), Lanxess (Germany), Sumitomo Chemical (UK) PLC (UK), Cetrefine International Limited (UK), Jiangsu Panoxi Chemical Co. Ltd (China), Qingdao Benzo New Materials Co. Ltd (China), Hefei TNJ Chemical Industry Co. Ltd (China), NK Chemiosys Pvt. Ltd. (India), and Shorgun Organics Ltd. (India).

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