New York, United States, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Pesticides are substances sprayed on a location to ward off or lessen damage from pests. Pest control efforts are concentrated on certain species of insects that pose a threat to human health. Insects like cockroaches, house flies, and bed bugs congregate in places where people congregate and are known to cause serious health issues. As a result, the management of pests has assumed a much greater significance in recent years. It is anticipated that the execution of stringent government regulations for conserving the environment and initiatives to promote the use of bio-based pesticides will drive the growth of the global pest control market. In addition, variations in the weather that occur regularly play a significant role in the expansion of insect populations. Pests can only thrive in warm environments.
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Accelerating Urbanization and Exponential Population Growth and Convenient Access to Pest Control Products and Services Drives the Global Market
An increase in economic activity, an increase in the rate of urbanization, and an increase in the population have contributed to the significant growth of the pest control market globally. Additionally, it increases commercial activity and travel, which raises the number of vehicles on the road. The majority of industry experts concur that the main reason for the growth of the pest management industry is the existence of factors making it easier for pests to move from one place to another.
Controlling vermin and other unwanted creatures has become essential to modern living. An ever-evolving lifestyle combined with a substantial demographic shift has increased the number of pests. Effective pest management has emerged as a critical factor in recent decades to achieve the highest possible crop output in agriculture. In addition, the rise in pollution has contributed to the expansion of pest populations, reducing crop yields.
Consistent Development and Release of Products Creates Tremendous Opportunities
Organic pest control methods are safer for unintended insects, animals, aquatic life, and the environment. A brand-new insecticide named RANGO, developed by Terramera, is derived from plants and contains solid and active chemicals. According to predictions, the chemical industry's rising demand for bio-based chemicals will offer lucrative opportunities for market expansion.
Report Scope
| Report Metric | Details |
| Market Size | USD 35.05 Billion by 2030 |
| CAGR | 5.2% (2020-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Pest Type, Application, Regions |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | BASF SE, FMC Corporation, Bayer AG, Rollins Inc, Syngenta, Anticimex, Dodson Pest Control Inc, Ecolab, Rentokil Initial plc |
| Key Market Opportunities | Consistent Product Development to Spur Market Opportunities |
| Key Market Drivers | Increasing Urbanization and Exponential Rise in Population to Aid Growth Variations in Weather Conditions to Foster Market Growth |
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Regional Analysis
North America dominates the global pest control market and is expected to grow at a CAGR of 3.7% during the forecast period. Regulatory bodies in the United States, such as the Environmental Protection Agency (EPA) and the Federal Food, Drug, and Cosmetic Act (FFDCA), protect the public and environmental safety of pesticides. Moreover, pest control products are sold on the U.S. market only after receiving approval from these regulatory organizations. This eliminates the risk posed by pesticides. American farmers' use of advanced pest control products has increased the land's productivity. In addition, the current integrated pest management (IPM) service has minimized the negative impact of insecticides and pesticides on human health in some areas of the United States.
Key Highlights
- The global pest control market size was valued at USD 22.21 billion in 2021. It is projected to reach USD 35.05 billion by 2030, growing at a CAGR of 5.2% during the forecast period (2022–2030).
- Based on type, the market is segmented into chemical, mechanical, biological, and other categories. Mechanical pest control expands at a CAGR of 5.9% during the forecast period.
- Based on the pest type, the market is divided into insects, termites, rodents, and others. The global demand for insect pest control will increase at a compound annual growth rate of 5% during the forecast period.
- Based on application, the market is divided into commercial, residential, agricultural, and industrial. The global demand for commercial pest treatment will increase at a CAGR of 5% during the forecast period.
- North America dominates the global pest control market and is expected to grow at a CAGR of 3.7% during the forecast period.
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The global pest control market’s major key players are
- BASF SE
- FMC Corporation
- Bayer AG
- Rollins Inc
- Syngenta
- Anticimex
- Dodson Pest Control Inc
- Ecolab
- Rentokil Initial plc
- Eco Environmental Services Ltd
- NBC Environment, Eastern Pest Control
- JG Pest Control, and Cleankill Pest Control.
Global Pest Control Market: Segmentation
By Type
- Chemical
- Mechanical
- Biological
By Pest Type
- Insects
- Termites
- Rodents
By Application
- Commercial
- Residential
- Agriculture
- Industrial
By Regions
- North America
- Europe
- Asia-Pacific
- LAMEA
TABLE OF CONTENT
- Introduction
- Market Definition
- Market Scope
- Research Methodology
- Primary Research
- Research Methodology
- Assumptions & Exclusions
- Secondary Data Sources
- Market Overview
- Report Segmentation & Scope
- Value Chain Analysis: Pest Control Market
- Key Market Trends
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitution
- Threat of New Entrants
- Competitive Rivalry
- Market Share Analysis
- Type Overview
- Introduction
- Market Size & Forecast
- Chemical
- Market Size & Forecast
- Mechanical
- Market Size & Forecast
- Introduction
- Pest Type Overview
- Introduction
- Market Size & Forecast
- Insects
- Market Size & Forecast
- Termites
- Market Size & Forecast
- Introduction
- Regional Overview
- Introduction
- Market Size & Forecast
- America
- North America
- U.S.
- By Type
- By Pest Type
- Canada
- By Type
- By Pest Type
- Mexico
- By Type
- By Pest Type
- Latin America
- By Type
- By Pest Type
- Europe
- Market Size & Forecast
- Germany
- By Type
- By Pest Type
- France
- By Type
- By Pest Type
- U.K.
- By Type
- By Pest Type
- Italy
- By Type
- By Pest Type
- Spain
- By Type
- By Pest Type
- Rest of Europe
- By Type
- By Pest Type
- Asia Pacific
- Market Size & Forecast
- Japan
- By Type
- By Pest Type
- China
- By Type
- By Pest Type
- Australia
- By Type
- By Pest Type
- India
- By Type
- By Pest Type
- South Korea
- By Type
- By Pest Type
- Rest of Asia-Pacific
- By Type
- By Pest Type
- Middle East & Africa
- Market Size & Forecast
- Saudi Arabia
- By Type
- By Pest Type
- South Africa
- By Type
- By Pest Type
- Kuwait
- By Type
- By Pest Type
- Rest of Middle East & Africa
- By Type
- By Pest Type
- Introduction
- Company Profile
- BASF SE
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- FMC Corporation
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Bayer AG
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- BASF SE
- Conclusion & Recommendation
- Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/pest-control-market/toc
Market News
- May 2022- FMC Corporation files a patent infringement lawsuit in the U.S. against Aceto US, LLC.
- June 2022- JG Pest Control – Managing Common Summer Pests: Houseflies.
- May 2022- Syngenta Seedcare launches VICTRATO, a novel seed treatment that targets damaging nematodes and diseases in many crops.
- March 2022- Provivi and Syngenta Crop Protection launch pheromone-based technology Nelvium to control detrimental rice pests.
News Media
Global Insecticides Market Size Worth USD 22 Billion By 2030 | CAGR of 5%
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