Market Size And Industry Analysis On Insect Repellent Bands By Credence Research

Credence Research ran a study on insect repellent bands industry, presenting the trends, competition, and the market in the said field.

 

Insight

Traditional ways of repelling insects have been proven to pose health risks to individuals. Mosquito coils, for example, releases smoke that could be potentially poisonous especially for children, pregnant women, and individuals with weak bodies. Mosquito repellents made with synthetic materials, on the other hand, can lead to respiratory illnesses and skin rashes, among others.

 

Health Concerns

Because of these detriments, more and more consumers are switching to herbal and natural products instead. They believe that these would save them from the health risks stated above. Currently, insect repellent bands are being made with neem, citronella oil, soybean oil thyme oil, birch tree bark, and other organic and plant based ingredients. The report also states that the increasing demand for non-toxic ingredients and cheaper alternatives, together with the changing preferences of consumers are driving factors that would cause even more market growth in the industry.

 

Research and Regulation

Increased attention to the matter through research, as well as stricter regulations on chemical based repellents are also expected to shift the demand for these bands from synthetic-based to natural.

 

Disease Transmission

These insect repellents are a necessity as mosquitos remain the biggest culprit in transmitting diseases such as malaria, dengue fever, West Nile fever, and Zika virus. The diseases that mosquitos carry are also held accountable for millions of deaths all over the world. This is a growing concern as cases of mosquito-borne diseases among infants and young children has been increasing– and thus the need for insect repelling wristbands increases as well. It has become more particularly worrisome as cases have been observed throughout different continents, with outbursts occurring in recent years.

 

Growing Market

As previously mentioned, the growing concern for mosquito-borne diseases among children is seen as a driving force that would cause the industry to grow as well. Consumers mostly get these wristbands from pharmacies as it is considered a healthcare product. International pharmacy chain Watsons has more than 100 stores around the world, and has reported that there has been a 200% increase in the sales of insect repellent bands in 2017 alone. They expect the trend to continue into the near future.

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