Global Insect Pest Control Market Scope

Global Insect Pest Control Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global insect pest control market is estimated to garner a revenue of USD 20.0 Billion by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 12.0 Billion in the year 2021. The growth of the market can be attributed to the rise in the number of death cases considering the human infections caused by pests. According to the statistics provided by the World Health Organization in 2020, malaria caused by anopheline mosquitoes infected approximately 219 million people globally and accounted for 400,000 deaths annually.

GET A SAMPLE COPY OF THIS REPORT
 

Insect pest control is used to kill, eliminate, or reduce pests present in different types, such as insects, rodents, termites, and others. Moreover, it is applied in different sectors with the help of three methods that are chemical, mechanical, and biological pest control. With the rising awareness of environmental pollution, biological pest control has become popular among people owing to its environmentally friendly nature. There are three types of biological pest control that are used for controlling the pest i.e importation, augmentation, and conservation of natural enemies. According to the United Nations Environment Programme, nine out of ten people worldwide breathe air containing levels of air pollutants that exceed the limits specified by the World Health Organization.

Global Insect Pest Control Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Demand for Pesticides for Farming– More than a billion pounds of pesticides are used in the United States every year and nearly 90 percent are used in the farming sector, as per the statistics of the Food and Agriculture Organization of the United Nations in 2021

• Growth in Infrastructure Sector– The growth in the infrastructure sector will increase the construction of commercial and residential areas that require insect pest control for the reduction of pest. Hence, it is expected to drive the growth of the global insect pest control market. In India, the Union Budget 2021, has provided support for different initiatives related to infrastructure with the allocation of USD 1.89 billion as per the India Brand Equity Foundation.

• Rise in the Intercountry Transactions of Pesticides Supplementary Products– There is always a direct relationship between the supplementary products, as the increase in the demand for insect pest control will increase the demand for the supplementary products or vice versa. As per the ITC Trade Map, Saudi Arabia has shown an increased market size of agricultural or horticulture mechanical appliances from USD 134,728 thousand exported value in 2017 to USD 1,44,691 thousand exported value in 2020.

• Growing Awareness Related to Improving Lifestyle Among People– Healthy eating and living habits owing to growing awareness related to improving lifestyle among people is anticipated to surge the growth of the global insect pest control market. Life expectancy has shown an increasing trend of more than 6 years, from 66.8 years in 2000 to 73.4 years in 2019.

Challenges

• Negative Impact of Pest Control on the Environment- According to the Northwest Center for Alternatives to Pesticides, approximately 70 percent of the produce sold in the U.S consists of pesticide residues that can lead to a variety of illnesses in the human body.

• Strict Regulatory Compliance Related to Pesticides

• Requirement of Trained Professionals for the Use of Pesticides

The global insect pest control market is segmented and analyzed for demand and supply by application into residential, commercial, livestock farms, industrial, and others. Out of which, the livestock farms segment is estimated to hold the largest share of the market over the forecast period. This can be attributed to the rise in the destruction of crops produced by the farmers on their agricultural farms, and the surge in the pests in livestock farms across the globe. According to the data published by the Food and Agriculture Organization of the United Nations in 2021, the pest destroys approximately 40 percent of global crop production every year.

Global Insect Pest Control Market Regional Synopsis

Regionally, the global insect pest control market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031. This can be attributed to an increase in residential and commercial institutions, and government support to establish various commercial pest management programs.

The market in the Asia Pacific region is also expected to witness moderate growth by the end of 2031 owing to a rapid increase in the number of pests’ activities in the region, rising government support to eliminate the diseases caused by pests, and escalating awareness about the health and economic loss caused by pests. As per the World Health Organization, malaria cases have been reduced by 28 percent in 2018 from the past year considering the government initiative such as National Strategic Plan for Elimination 2017-2022, and growing awareness among the people.

Market Segmentation

Our in-depth analysis of the global insect pest control market includes the following segments:

Key Companies Dominating the Global Insect Pest Control Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global insect pest control market that are included in our report are Anticimex International AB, Syngenta Crop Protection, LLC, Rentokil Initial plc, Rollins, Inc., The Terminix Company, The ServiceMaster Company, LLC., Truly Nolen of America, Inc., BASF SE, Sumitomo Chemical Co., Ltd., FMC Corporation, and others.

Global Insect Pest Control Market: Latest Developments

• November, 2021- Syngenta Crop Protection, LLC, announced PLINAZOLIN technology which is a new active ingredient to protect plants’ health from harmful pests.

• November, 2019- Rentokil Initial plc, announced the acquisition of Florida Pest Control in USA for USD 66.0 million. The acquisition will help in their strategy to acquire a pest control business and strengthen their reach in key local markets.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goals.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.