insect pest control market Analysis Estimated to Boost in Near Future 2029

 Market Insights

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).

Insects are ubiquitous and considered pests due to their appearance which is commonly considered frightening as well as the various adverse effects insects can produce. Insect pest control uses various techniques to eliminate insects, particularly those such as bedbugs, mosquitos, termites and several others. Due to the sheer size of the insect population, and the applications of insect pest control in commercial, industrial, residential, and agriculture, demand has been observed to be consistent and healthy. Market Research Future has recorded all observations and insights in its latest report on the global Insect Pest Control Market for the assessment period from 2018 to 2023.

Many common insects found in urban areas are carriers of disease or have venomous bites that could have adverse reactions. In industrial settings, particularly in the manufacturing sector, insect pest control is required to ensure the quality of the products and reducing the chances of contamination. This is particularly important in the food & beverage industry. In agriculture, certain insects are very harmful to crop as they can damage them and reduce overall yield. Due to these factors, insect pest control witnesses consistent demand. The growing construction activities around the globe, particularly emerging economies due to the expansion of urbanization is expected to result in an increased demand for insect pest control. Moreover, climate change has created conditions conducive to the growth pest population. New diseases such as Zika, which is insect-borne have been discovered, and the rates of other insect-borne diseases such as malaria, and dengue have increased, thus driving the demand for insect control. Moreover, increasing agricultural activities have also boosted the demand for insect pest control. The easy availability of pest control vendors and the increasing launches of safe insect pesticides is expected to provide the market with ample room for growth.

Insecticide and pesticides need to evolve consistently as insects can sometimes build immunity. Moreover, adverse health effects due to some pesticides challenge the growth of the market. To mitigate this, market players are increasingly investing in the production of biologically safe products.

Market Segmentation

MRFR's segmentation of the global insect pest control market has been performed on the basis of control method, insect type, application, and region. Based on control method, the global insect pest control market has been segmented into chemical, physical, biological, and others.

Insect types have been segmented to include cockroaches, mosquitos, termites, bedbugs, ants, flies, and others. Applications of insect pest control include residential, industrial, agriculture, and others.

Key regions that have been included in the global insect pest control market review include Middle East & Africa, Latin America, Asia Pacific, Europe, and North America.

Regional Analysis

Asia Pacific is a rapidly growing market with the highest CAGR during the forecast period. The region has several emerging economies which happen to have tropical climates or temperate climates which are highly conducive to the growth of pests. A large chunk of these countries, such as India, and China have a huge agriculture sector. This in tandem with the natural climate in the APAC is expected to drive the consistent demand for insect pest control. The increasing awareness regarding modern pest control practices and products are also expected to open up ample opportunities in the APAC region. The increasing demand for food and growing food production in emerging economies of the APAC will propel the regional market in the coming years.  North America has been identified as the largest market in the region due to the presence of leading market players that have developed new and effective pest control products, as well as regulations regarding pest control.

Key Players

Distinguishable market players that MRFR has identified for their competitive role in the global insect pest control include Ecolab, ADAMA Agricultural Solutions Ltd., PelGar International Ltd., Rentokil Initial plc, SenesTech, Inc, Bayer, BASF SE, Curtis Gilmour, Syngenta, Sumitomo Chemical Co., Ltd., Rollins, Inc., and FMC Corporation.

Latest Industry News

·         American Pest, has acquired Innovative Pest Management.

·         Dudutech, a biological pest control solution provider for agriculture has officially become available in Tanzania