Insect Pest Control Products Market

Insect Pest Control Market Size & Growth (2022-2027):

The insect pest control market is estimated to grow at US$ 19.7 billion by 2027, with an increasing CAGR of 5.8% during 2022-2027.

Pesticides are chemicals or chemical mixes that are used to protect crops from pest damage. Pest control refers to the management of specific insect species that are known to be harmful to human health. Pest management has been increasingly important in recent years as a result of the prevalence of house flies, bed bugs, cockroaches, and other insects in areas where there are human activities that can lead to serious health problems. Pest control market growth factors include tight government laws aimed at environmental conservation in developed regions such as North America and Europe, as well as favorable government initiatives to promote the use of bio-based pesticides. Furthermore, frequent variations in climatic conditions are a significant influence on pest proliferation, as bugs thrive at different temperatures.

Global Insect Pest Control Market Drivers and Restraints:

Insect pest control products are utilized in a wide range of applications, including residential structures, business, and non-commercial institutions, livestock, and the industrial sector. The demand for insect pest control is being driven by large end-users such as hospitals, airports, hotels, offices in commercial institutions, industries, and manufacturing facilities. In addition, non-commercial institutions, storage and transportation facilities, and public landscapes are having a favorable impact on the market. Hilton, ITC, General Mills, and Nestlé are among the end-user organizations that have requested insect pest management services in their kitchens. Climate change has an impact on insect proliferation, which further propels the global insect pest control market growth during the forecast period. Climate change, according to the WHO book "Public Health Significance of Urban Pest," will result in a rise in the population of flying insects. According to a statement released by the World Health Organization, fly populations would increase by 244 percent by 2080. The Asian tiger mosquito, which is most prevalent in Asian nations such as India, Indonesia, Malaysia, Myanmar, Nepal, Taiwan, Thailand, and Vietnam, has spread rapidly to 28 countries in the last ten years, according to the Centre for Agriculture and Bioscience International.

Pest control is widely employed in agriculture to safeguard crop output and improve the quality of current crops through chemical fertilizers, pesticides, and other methods. During the last four decades, technological advancements have resulted in greater production worldwide. Additionally, increased worries about vector-borne disease outbreaks and uneven climate variations in insect proliferation are driving the worldwide insect pest management market forward. New product developments and strategic collaborations amongst top companies striving to expand are some of the factors that are predicted to drive worldwide market growth in the future. Moreover, increased disease outbreaks are pushing public health activities is also another factor driving the global insect pest control market growth during 2022-2027.

Manufacturers' manufacturing processes and environments are subject to strict and stringent regulatory standards in the environmental protection sector, which acts as the major restraint in the global insect pest control market. Furthermore, these differ depending on each country's policies. In many countries, the use of insect pest control products is subject to registration by health, environmental, and insect pest control agencies. The policies governing the acquisition, registration, formulation, application, and disposal of pesticides are evaluated by governments. The nature of government policies has an impact on insect pest control product demand and prices.

Recent Developments in the Global Insect Pest Control Market:

BASF has begun the registration process for a new pesticide active component on a global scale. In Australia and Korea, the business submitted regulatory dossiers for the AxalionTM insecticide. This is an important step in growing BASF's worldwide pesticide range and strengthening the company's position as a provider of sustainable agricultural technologies.

INSECT PEST CONTROL MARKET REPORT COVERAGE:

Global Insect Pest Control Market Segmentation: 

Insect Pest Control Market By Insect Type:

• Cockroaches
• Termites
• Bedbugs
• Mosquitoes
• Ants
• Flies
• Others

Based on insect type, termites dominate the global insect pest control market in the upcoming years. Termites are wood-eating insects that can become household pests. Termites are often referred to as white ants, despite the fact that they are not closely related to ants. When they eat on and sometimes destroy, human-important wooden buildings or vegetable stuff, they are dangerous. Termites eat dead plant matter and cellulose, which can be found in the form of wood, leaf litter, soil, or excrement. Termites are important detritivores, especially in subtropical and tropical areas, and their recycling of wood and plant debris is important for the environment. Termites can bite and sting humans, but the wounds are not dangerous. As a result, those who live in termite-infested homes may get allergic reactions or asthma attacks. Therefore, the rising number of termite-borne diseases, the insect pest control market is expected to develop throughout the forecast period.

Insect Pest Control Market By Control Method:

• Biological pest control
• Chemical pest control
• Physical pest control
• Electronic pest control

In the Global Insect Pest Control Market chemical pest control is the most often utilized method. Chemical pesticides are mostly utilized because of their low cost, ease of application, effectiveness, availability, and stability. These characteristics, combined with improving economic situations in various locations, are driving the use of chemicals to a greater level. Chemical pesticides are often fast-acting, which helps to reduce their environmental impact. To optimize the area covered, local agencies are implementing innovative methods for deploying chemical remedies, including the use of drone-based sprays. Chemical pest growth is expected to increase in the foreseeable period because to these qualities.

Insect Pest Control Market By Application:

• Residential
• Commercial & Industrial
• Livestock Farms
• Others

Based on application, the Commercial & Industrial Sector accounted for the greatest share of the Insect Pest Control Market, with a CAGR of 5.2 percent during 2022-2027. Because of the growing demand for skilled pest control solutions, especially in the food manufacturing and hospitality sectors, insect pest management is the most widely used in the commercial and industrial sector to keep a sanitary working atmosphere for the control of bedbugs, flies, cockroaches, and mosquitoes. Commercial and industrial enterprises are increasingly requiring mandatory audits for certifications such as ISO 9001 and ISO 22000. Insect management is required by these certificates on a yearly, half-yearly, or quarterly basis, and organizations that cannot be able to comply with these standards face penalties or even prosecution.

Global Insect Pest Control Market Regional Analysis: 

The Global Insect Pest Control Market Report includes the segmentation of Regions:

• Because of the growing residential and non-residential construction industries, North America has the greatest share of the Insect Pest Control Market, accounting for 36.5 percent in 2019. The United States is the largest market for green and bio polyols in North America, accounting for a significant volume proportion of the industry in 2019. For more than 20 years, the US Department of Energy's Construction America Program has been a source of innovation in residential building energy durability, quality, performance, affordability, and comfort, according to the DOE.
• The pest control market in Asia-Pacific is expected to grow at the fastest rate. The region includes developing countries like China and India, which have a lot of lands that may be used to cultivate crops. Furthermore, a modern and elevated lifestyle necessitates greater living standards, which leads to the prominence of pest control goods and services.
• Europe
• Latin America
• Middle East and Africa

Impact of COVID-19 on Insect Pest Control Market:

During the pandemic, value sales of insect pest control products and services showed an increase. Insect pest management goods and services from various end-user application industries have increased in popularity, particularly in North America and Europe. People saw insect pest treatment as an efficient way to maintain a pest-free environment, as well as their health and wellness, during the COVID-19 outbreak in North America. The real estate sector, according to certain significant sources, is increasing its use of insect pest control services. In the worldwide insect pest control industry, the distribution system, wisely, has disrupted supply chains.

Global Insect Pest Control Market Key Players:

The companies covered in the report include:

• Adama
• Arrow Exterminators
• BASF SE
• Bayer AG
• Ecolab
• Ensystex
• FMC Corporation
• Rentokil Initial PLC
• Syngenta
• The Terminix International Company Lp