Global Insect Pest Control Market size is expected to reach USD 23.77 Billion in 2028 and register a CAGR of 5.4% over the forecast period, according to the latest report by Reports and Data. Use of insect pest control for prevention of various hazardous diseases caused by insects is driving market revenue growth.
Furthermore, rising demand for insect pest control services in various sectors such as commercial, industrial, residential, livestock farms, agricultural farms, and other applications will enhance market growth during forecast period. Most of the insect pest control methods are helpful in proper protection of crops, human beings, and animals from insects & pests that can cause harm. Insect pest control has showcased a drastic change due to development in technology. Various types of biological control methods are present for insect pest control, which, in turn, would boost market growth.
Rising number of pests causing harms to crops and cattle has increased demand for insect pest control services. It would help this market to grow over the forthcoming years. A large number of people migrating from villages to cities results in increasing population density and builds up an unhygienic environment, which increases the number of different insects. Therefore, demand and awareness of insect pest control is increasing and it is helpful in boosting market growth.
However, strict government rules & regulations for use of pesticides are hampering market growth. Besides, toxic substances present in chemical pesticides have also affected insect pest control market growth.
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Top companies profiled in the report include:
Adama, Arrow Exterminators, BASF SE, Bayer AG, Ecolab, Ensystex, FMC Corporation, Rentokil Initial PLC, Rollins, Sumitomo Chemicals Syngenta, and The Terminix International Company LP.
Some Key Highlights From the Report:
By application, commercial & industrial segment accounted for largest revenue share in 2020. Growth of this segment is due to increasing adoption of insect pest control services as it has become necessary to prevent pest infections and to provide a professional surrounding for employees and customers in commercial buildings. Advancement in pest control methods helps to combat hazardous pests. This factor would contribute to market growth.
By control methods, chemical control methods segment contributed to largest revenue share in 2020. Growth of this segment is due to ability to provide better results and low cost of chemical pesticides. Increasing awareness among people about these methods and implementation of strict norms governing use of many insect pest control solutions are also responsible for growth of this segment.
Demand for insect pest control services is increasing due to subsequent rise in the number of patients suffering from diseases such as malaria, dengue, cholera, salmonella, and others. Growing need of precise pest control methods to prevent spread of such hazardous diseases is also contributing to market growth.
Insect pest control market in North America accounted for largest revenue share in 2020, attributed to increasing cases of dengue and chikungunya, as well as high demand for pest control from both commercial & industrial and residential sectors.
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Increasing consumer inclination towards sustainability and thus considering products based on criteria such as circularity and carbon footprint is expected to change materials and chemical market trends during in the coming years. The growing consumer concern about carbon emissions has prompted industry players to make investment in renewable energy, de-carbonization of transportation, and energy efficiency. These trends are expected to have a significant impact end markets for chemicals, notably in construction and automotive.
Increasing focus of the materials and chemical companies on adoption of de-carbonization technologies, re-examination of their assets, and diversification away from hydrocarbons to some extent will favor global Insect Pest Control market growth during the forecast period.
The report provides an extensive assessment of the prominent companies operating in the materials and chemical industry to offer better insights into competition scenario on a regional and global level.
Rise in competition in the global market has led to increasing innovation and technological advancement in the materials and chemical sector to meet the rising demand of environmentally conscious consumers. Industry players in the Insect Pest Control market are adopting the strategy of forward integration to cater increasing product demand, while adapting to the sustainability trends and to expand their in the global market.
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Global Insect Pest Control Market Segmentation:
Commercial & Industrial
Major Regions covered in the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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