ID: MRFR/CnM/4954-CR | February 2019 | Region: Global | 157 pages
The global insect pest control market is projected to touch a value of USD 17,900.8 million by 2023, states Market Research Future (MRFR) in its report. It is driven by the high demand in residential and commercial construction projects in eliminating pests. The market is touted to exhibit 5.19% CAGR over the forecast period (2018-2023).
Awareness of insect-related diseases and rise in insect populations due to changing climatic conditions are factors expected to drive market demand over the forecast period. The migration of citizens from rural to urban areas also carries the risk of infections which has called for increased pest management.
Rollout of new policies to ensure the safety of workers in food safety and food processing companies is projected to fuel the insect pest control market till 2023. But high toxic levels in insecticides which is harmful to humans can act as a growth deterrent.
The insect pest control market is segmented by control method, insect type, and application. By control method, it is segmented into chemical, physical, and biological. By insect type, the market is segmented into ants, flies, termites, mosquitoes, cockroaches, bedbugs, and others. Major applications in the insect pest control market include commercial, residential, industrial, and livestock farms.
Region-wise, the insect pest control market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA). Among these, North America held the largest market share in 2018 owing to expanding food and hospitality industries. APAC and MEA regions are also poised for immense growth thanks to new regulations emphasizing on safety and hygiene.
Premier pest control solution providers in the insect pest control market report include Bayer AG (Germany), BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan), ADAMA Agricultural Solutions Ltd. (Israel), China National agrochemicals-market-1267'>Agrochemical Co., Ltd. (China), PelGar International Limited (U.K.), Syngenta (Switzerland), Curtis Gilmour (U.S.), Ecolab (U.S.), SenesTech, Inc. (U.S.), Rollins, Inc. (U.S.), Rentokill Initial plc (U.K.), and FMC Corporation (U.S.).
At MRFR, research analysts rely on a combination of primary and secondary research methods to create infallible market reports. Primary research entails interviews with top decision makers in prominent companies to gain keen insights. Secondary research encompasses verifying the authenticity of trends and opportunities through credible sources such as newspapers, white papers, SEC filings, annual reports, and others. The market size is estimated via thorough top-down and bottom-up approaches coupled with a microscopic view on the strategies of competitive players.
For the scope of the report, the insect pest control market is segmented in the following manner
Frequently Asked Questions (FAQ) :
The global insect pest control market will expand at 5.19% CAGR from 2018 to 2023.
The global insect pest control market is set to reach USD 17,900.8 million by 2023.
Rise of insect-borne diseases and policies to protect workers from insect bites and diseases are major drivers of the global insect pest control market.
High toxicity levels in insecticides is the major restraining factor of the global insect pest control market.
Nanotechnology is an emerging opportunity which can be lucrative to players in the global insect pest control market.
North America can dominate the global insect pest control market owing to pest management services in commercial and residential applications.
Rentokill Initial plc, Curtis Gilmour, China National Agrochemical Co., Ltd., FMC Corporation, Sumitomo Chemical Co., Ltd., Syngenta, PelGar International Limited, Bayer AG, BASF SE, Ecolab, ADAMA Agricultural Solutions Ltd., SenesTech, Inc., Rollins, Inc. are major players of the global insect pest control market.
Global Insect Pest Control Market - Summary
Pest control services are various methods used in eliminating insects such as mosquitoes, bedbugs, and others through biological, chemical, and physical methods. These services are designed for applications such as hospitals, offices, residences, farming, and food processing.
The global insect pest control market is expected to touch a value of USD 17,900.8 million by 2023, growing at 5.19% CAGR over the forecast period (2018-2023). Urbanization of regions coupled with migration of citizens to cities from rural regions has evoked the need for pest control management. The demand for commercial spaces owing to rapid industrialization coupled with the boom in sectors such as banking, finance, insurance, telecommunications, and information technology can drive the market demand exponentially.
Awareness of vector-borne diseases such as yellow fever, dengue, malaria, and others is projected to drive the insect pest control market growth. Pest management services act as a perfect bulwark against transmission of these diseases to humans. Moreover, heightened measures at food processing centers to eliminate the menace of pests is likely to bode well for the insect pest control market. Changing climes which can affect the breeding cycles of pests is another driver which can affect the market. For instance, cold climates can boost the numbers of bugs, wasps, rats, and cockroaches.
Nanotechnology has emerged as an effective tool in eliminating pests. Researchers in India have developed methods to convert secretions of bacteria into nanoparticles. This can be an effective alternative to chemical agents and highly effective against pests affecting cotton. Introduction of biopesticides can offer growth opportunities for the insect pest control market.
By control method, the insect pest control market comprises chemical, biological, and physical. The chemical method accounted for the largest market share in 2017 owing to its efficacy and easy application. The physical control method accounts for a significant share thanks to the use of traps and barriers to eliminate pests. Bu the biological control method is projected to exhibit a high growth rate owing to the use of natural methods in destroying pests.
By insect type, the market is segmented into termites, bedbugs, mosquitoes, ants, flies, cockroaches, and others. Termites accounted for the maximum share in the insect pest control market owing to its prevalence in subterranean areas. Cockroaches, on the other hand, are known to carry diseases of salmonella, dysentery, and others and require pest management services to prevent health risks.
Major applications of the insect pest control market include industrial, commercial, livestock farms, and residential. The commercial segment is projected to display the highest CAGR owing to the uptick noticed in infrastructural projects. The residential segment is expected to exhibit strong growth owing to awareness of diseases among the public and preventive measures undertaken by agencies to control growth of pests in North America and Europe.
Geographic segmentation of the insect pest control market is focused on the following regions - Latin America, North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The North America region held a significant market share owing to need for pest management services in commercial and residential applications. On the other hand, the APAC region can be highly lucrative for the global market owing to prevalence of mosquitoes and pests in China and India. Rise of infrastructural projects is likely to spur the demand for pest management services to maintain hygienic conditions.
Top players in the insect pest control market include Curtis Gilmour (U.S.), BASF SE (Germany), PelGar International Limited (U.K.), Syngenta (Switzerland), Rentokill Initial plc (U.K.), China National Agrochemical Co., Ltd. (China), ADAMA Agricultural Solutions Ltd. (Israel), SenesTech, Inc. (U.S.), Ecolab (U.S.), Sumitomo Chemical Co., Ltd. (Japan), Bayer AG (Germany), FMC Corporation (U.S.), and Rollins, Inc. (U.S.).
Global Insect Pest Control Market: Competitive Landscape
The prominent players in the global insect pest control market are BASF SE (Germany), Bayer AG (Germany), Sumitomo Chemical Co., Ltd. (Japan), ADAMA Agricultural Solutions Ltd (Israel), China National Agrochemical Co., Ltd. (China), PelGar International Limited (UK), Syngenta (Switzerland), Curtis Gilmour (US), Ecolab (US), SenesTech, Inc. (US), Rollins, Inc. (US), Rentokil Initial plc (UK), and FMC Corporation (US).
The top players dominating this market include BASF SE, Bayer AG, Sumitomo Chemical Co., Ltd., ADAMA Agricultural Solutions Ltd, PelGar International Limited, Syngenta, Curtis Gilmour, Ecolab, Rentokil Initial plc, and FMC Corporation. The global Insect pest control market is fragmented and consists of tier-1, tier-2, and small players; catering demand from commercial, industrial, and residential applications. The rapid urbanization, leading to an increased number of residential and commercial construction is driving the global insect pest control market. With the increasing awareness about the vector-borne diseases, food safety, and hygiene, the market is projected to witness high growth in the coming years.
In September 2018, Syngenta Ventures, the corporate venture capital team of Syngenta, invested USD 2.9 million seed round in a Denmark based ag biotech startup BioPhero, which develops insect pheromones that are used as active ingredients in products to control pests in crops.
Rollins, Inc. (Rollins) provides pest and termite control services to residential and commercial customers and operates through its wholly owned subsidiaries namely, Orkin LLC., Orkin Canada, Western Pest Services, The Industrial Fumigant Company, HomeTeam Pest Defense, AllPest, Critter Control, Inc., Trutech LLC., Waltham Services LLC., PermaTreat, Crane Pest Control, Statewide Pest Control, Murray Pest Control, Safeguard Pest Control, Northwest Exterminating, and OPC Pest Services. It has operations in North America, Australia, Europe, Central America, the Caribbean, the Middle East, Asia, the Mediterranean, and Africa. It has over 700 locations in 53 countries, along with 200 franchises.
On 27 September 2018, Adama announced a collaboration with AgroSpheres, an agricultural biotechnology company to focus on developing novel crop protection solutions. The research and development will be conducted on AgroSpheres’ proprietary bioparticle technology for encapsulation of pesticides. This was the former’s strategy to strengthen its product portfolio through the development of new formulations to improve crop protection offerings.
Bayer completed the acquisition of Monsanto, the US-based agrochemicals and agricultural biotechnology corporation in June 2018. The acquisition was completed after Bayer’s divestments to BASF SE as per the conditions laid down by the US Department of Justice
Ecolab is the global leader in water, hygiene, and energy technologies and services. It operates through 11 business segments- ecosure, food & beverage processing, food safety specialties, healthcare, institutional, kay chemical, life sciences, nalco champion, nalco water, pest elimination, and textile care. It has operations in over 170 countries with around 105 sales offices across the globe. All these segments come under the major reporting segments, namely global industrial, global institutional, global energy, and other. It had assets worth USD 19,962.4 million as of 2017 and has over 50 manufacturing facilities worldwide along with 8,700 patents on its name.
In March 2018, Sumitomo announced the acquisition of 82.9% of shares of Botanical Resource Australia Pty Ltd, one of the leading suppliers of a natural insecticide ingredient, pyrethrins- an extract found in pyrethrum flower heads. The pyrethrins act on the nervous systems of pests such as mosquitoes and ticks. This was the company’s strategy to strengthen its product portfolio and to remain a leading player in the global market.
In November 2017, Rentokil acquired Vector Disease Acquisition, one of the leading providers of mosquito control services in North America. The acquisition will help Rentokil expand its expertise in the mosquito control field in North America and adds a lake management service division to the Vector Disease Acquisition.