ID: MRFR/CnM/4954-CR | February 2019 | Region: Global | 157 Pages
Insect Pest Control Market is projected to be worth USD 17,900.8 Million by 2030, registering a CAGR of 5.19% during the forecast period (2021-2030).
$17,900.8 million
5.19%
North America
2021-2030
Insect Pest Control Market Overview
The insect pest control market comes inclusive of the chemical pest control methods and techniques that over insecticide solutions to the various customer segments. These solutions are provided by the service providers across various geographical locations. The mushrooming population across the globe is opting for a healthier lifestyle and thus, experiencing an increased awareness amongst the people. This is compelling the target audience to demand pest control on regular basis. The pest control services are available both for the residential, as well as, commercial levels. The pest control market makes use of ingredients like toxins that act as poison for the pests, making the area where they are used, pest-free.
Owing to the lifestyle changes and growing concerns for healthier living, insect control is expected to increase a huge demand by the end of the forecast period in 2030. The demand is expected to fetch the market growth at a 5.19% CAGR, by the end of the forecast period and attain a market value of USD 17,900.8 million.
COVID 19 Analysis
The end of 2019 and the beginning of 2020 knocked on our door with a deadly virus that took the world. Not only the health concerns were on a rise but also, the economic growth was also facing major hurdles. The companies have stopped their production and manufacturing work due to the lockdown that forced the workforce to not step out of their homes. Due to the pandemic, people have grown their health concerns and also opting for safer and healthier food options. Also, the pandemic pushed people to keep their homes sanitized and pest-free. Hence, the majority of the businesses offering insect pest control were able to keep their working activities. Some have even experienced the busiest working seasons.
Rodents and pests are the major rivals of your furniture, washrooms, and cabinets. Hence, the lockdown allowed people to opt for pest control services, as the restrictions were slowly restricted. Also, the market was riding quite high for the wasp control services.
Market Dynamics
The previous decade that ended in 2009, saw the outbreak of many different types of diseases like influenza, H1N1 virus, dengue, chikungunya, and many more. The world was emerging from such, but much before that, the pandemic hit, and the situation worsened. Ever since people have been shifting to healthier eating and living habits. This includes getting timely pest control done. This is quite a common requirement on both the commercial, as well as, industrial front. It has become important for pest control companies to attain certifications like ISO 9001 or ISO 22000. The public health legislation and campaigns are also gearing up to rive the market growth of pest control.
The main function of the insect pest control market is to affect the insects’ nervous system, disrupt the mating process, and exterminate the infestations. However, it affects the surroundings and hence, should be used efficiently with the help of the trained professionals. It should be used in prescribed amounts. Also, the cost of registration to use the pesticides is very high and required a huge time to get the approval done. These are challenges in the way of market growth.
The global insect pest control industry is aiming at innovations and product portfolio development. The market is witnessing a use and vibrant demand for biological insecticides that have a nill or very less amount of effect on the health of humans. The pest control market analytics show that the service providers are gaining huge acceptance on the production of biological insecticides. The use of chemicals for the development of pest control is on a gradual rise and the customers are expected to help in the emergence of pest control solutions that are biological. Also, the governments of different countries are stepping in and bringing about a change in regulations that are likely to develop a quality of the pest controls available in the market.
Study Objectives
Segment Overview
The pest control market analysis predicts considerable growth for the insect pest control market and the performance of its segments. The market segments are based on the following:
Type of the insect
Pests are not only termites but can be further divided into mosquitoes and cockroaches, ants and bedbugs, as well as flies, amongst others. These have different types of harm, based on their functioning in various locations.
Controlling methods
The main way to control the growth of the pest is by stopping their mushrooming and mating that gives birth to new kinds of pests. The easiest way to do this is by opting for chemical, biological, or physical methods. All of these act differently in stopping pest reproduction and population.
Application
The insect pest control market size is also based on the market application. The market application is extended to the commercial sector and serves industrial needs. Also, the insect pest control market share is increasing due to the use of insect pest control in livestock farms, and residential purposes, as well.
Regional Analysis
The insect pest control market share is all set to increase because of the efficient performance of the major regions like North America and Europe, Asia-Pacific, Latin America, the Middle East, and Africa. The climatic conditions of the Asian Pacific regions are more than supportive to conduct the breeding on insects. Hence, this region is expected to have the largest growth owing to the demand for insect pest control methods and services. Termites, as well as, mosquitoes are the biggest pests in the APAC region. Precisely, China is witnessing a lot of prominence by meeting the regulations, as well as, safety trends in the commercial sector mainly.
The historic forecast period that ended in 2018, witnessed Europe as the largest growing market and had a share of 20% in the growth. Similar growth is expected by the region by the end of the current forecast period ending in 2023.
Competitive Landscape
The global insect pest control market research report covers the leading companies and their performance and undertaking of the development strategies.
These companies are precisely working on research and development initiatives that will boost production and launch reliable product portfolios.
Recent Developments
Report Overview
The insect pest control industry is largely driven by a change in the lifestyle of people towards a healthier and better tomorrow. The target audience is generating awareness about the need, functioning, market segments, regional landscape, prevailing market competition, and much more. The global insect pest control report has the ability to define and describe the market forecast by discussing the size of the market that is based on the market segments. Also, the performance of the key market players in prominent regions is taken into consideration, before and after the outspread of the global COVID 19 pandemic.
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 17,900.8 Million. |
CAGR | 5.19% CAGR |
Base Year | 2020 |
Forecast Period | 2021-2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Material Type, Application and End-Use |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | China National Agrochemical Co., Ltd. (China), PelGar International Limited (U.K.), SenesTech, Inc. (U.S.), Rentokill Initial plc (U.K.), ADAMA Agricultural Solutions Ltd. (Israel), Bayer AG (Germany), Rollins, Inc. (U.S.), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), Ecolab (U.S.), BASF SE (Germany), Curtis Gilmour (U.S.), and FMC Corporation (U.S.). |
Key Market Opportunities | Nanotechnology is an emerging opportunity which can be lucrative to players in the global insect pest control market. |
Key Market Drivers | Rise in vector-borne diseases such as chikungunya, malaria, and dengue which can affect human health is projected to elicit massive demand. |
The global insect pest control market will expand at 5.19% CAGR from 2021-2030.
The global insect pest control market is set to reach USD 17,900.8 million by 2030.
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.
The market segments include applications, type of pests, as well as, controlling methods.