New York, United States, April 20, 2023 (GLOBE NEWSWIRE) — The Global Insect Pest Control Market Size is to grow from $12.98 billion in 2022 to $20.43 billion in 2032, at a compound annual growth rate (CAGR) of 4.6% over the forecast period. With increasing demand for food and increased awareness of insect-borne diseases, the global insect pest control market appears to have a growth opportunity. The market is expected to grow steadily in the coming years, driven by the adoption of innovative pest control products and services, as well as increasing emphasis on environmentally friendly pest control methods.
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List of key companies
- ADAM
- Rentokil Initial Group
- Bayer
- ecolab
- BASF
- Arrow Exterminators, Inc.
- FMC Corporation
- Sumitomo Chemical
- Korea Henkel Home Care Co. Ltd
- Bell Laboratories Inc.
- Syngenta
- Ensystex
- Terminate
- Rollins, Inc.
Recent developments
In March 2023, Zevo, America’s fastest-growing pest control brand1, has announced the launch of its new on-Body Tick + Mosquito Repellents, which offer odorless, non-sticky, long-lasting protection against mosquitoes and ticks.
In May 2021, ADAMA has completed the purchase of Huifeng (China). ADAMA completed the purchase of a 51% stake in Huifeng’s key crop protection formulation and synthesis facilities, significantly expanding ADAMA’s commercial presence in China’s insect pest control market.
Market overview:
Insect pest control is the process of manipulating and regulating the distribution of insects through the use of various techniques. This technique can be used to protect trees, timber, crop production and people from insect infestation. In general, pests are unwanted organisms that pose a threat to both property and human health. Among the many control procedures used are physical control methods, biological control methods, chemical control methods, and other control methods. Insect pest control products are used in a wide range of applications including residential buildings, commercial and non-commercial institutions, livestock and industrial sector. Bulk end-users, which include hospitals, airports, hotels, commercial establishments, factories, and manufacturing plants, drive the demand for insect pest control. Non-commercial institutions, storage and transportation facilities, and public landscapes also contribute to the market. However, traditional insecticides can be harmful to both human health and the environment. These concerns have resulted in a shift towards more sustainable pest control methods, which may be less effective than traditional methods, limiting market growth.
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Explore key industry insights spread across 210 pages with 151 market data tables and figures and charts from the report on “Global Insect Pest Control Market SizeSharing and Analysis of the impact of COVID-19, by type of insect (mosquitoes, termites, cockroaches, bedbugs, flies, ants and others), by control method (biological, chemical and physical), by form (dry and liquid), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022 – 2032”.
The mosquito control segment is expected to hold the largest market share during the forecast period.
The global insect pest control market is categorized into mosquitoes, termites, cockroaches, bed bugs, flies, ants, and others. Owing to significant public health concerns associated with mosquito-borne diseases such as malaria, dengue fever, and Zika virus, the mosquito control segment is expected to hold the largest market share. The growing awareness of these diseases as well as the need for effective mosquito control measures are driving the growth of this market segment.
The chemical segment is estimated to hold the largest share during the forecast period.
The global insect pest control market is divided into three segments based on the control method: biological, chemical, and physical. The chemical segment is expected to hold the largest share during the forecast period. The growth can be attributed to chemical control methods, which are very effective in controlling insect pests and are widely used in a variety of applications, including agricultural and other pest control.
The liquid segment is expected to hold the largest market share in the insect pest control market during the forecast period.
The global insect pest control market is classified into two types: dry and liquid. Among these, the liquid segment is expected to hold the largest market share of the insect pest control market during the forecast period. Growth may accelerate as liquid products such as sprays and insecticides become more versatile and can be used to control a wider range of insects, including those commonly found outdoors such as mosquitoes , flies and ticks. In contrast, dry products such as baits and powders are typically used for indoor pest control and are effective against a narrower range of insects.
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North America is expected to hold the largest share of the global insect pest control market during the forecast period.
North America is expected to hold the largest market share in the global insect pest control market during the study period. This is mainly due to factors such as increased public awareness of the health risks associated with insect-borne diseases, increased demand for environmentally friendly pest control solutions, and greater emphasis on public health and sanitation. The United States is North America’s largest market for insect pest control products, due to factors such as the high prevalence of insect-borne diseases such as Lyme disease and West Nile virus, as well as a strong emphasis on residential and commercial pest control. configurations The Asia Pacific insect pest control market is expected to grow at the fastest rate during the forecast period. Rapid urbanization, population growth, and growing demand for food safety and hygiene are driving the market for insect pest control products in the Asia Pacific region. Due to the growing demand for insect pest control products in countries such as China and India, the market in this region is expected to grow at the fastest rate.
Competitive Analysis:
The report provides adequate analysis of the key organizations/companies involved in the global market along with a comparative assessment primarily based on their product offering, business overview, geographical presence, business strategies, segment market share and SWOT analysis. The report also provides elaborate analysis focused on current company news and developments, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances and others. This makes it possible to assess the overall competition within the market. Key vendors in the global insect pest control market include ADAMA, Rentokil Initial Group, Bayer, Ecolab, BASF, Arrow Exterminators, Inc., FMC Corporation, Sumitomo Chemical, Korea Henkel home care Co. Ltd, Bell Laboratories Inc., Syngenta, Ensystex, Terminix, Rollins, Inc. And others.
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