Global Insect Pest Control Market – Industry Trends and Forecast to 2030

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Insect Pest Control Market Analysis and Size

The insect pest control market is booming nowadays. The large number of businesses providing insect pest control services has grown exponentially in the last few years, and the demand for these services shows no signs of decelerating down the growth of the market. As a result, insect pest control is now measured as an important service for numerous businesses and homeowners because it can efficiently eliminate all sorts of insects to wildlife. Moreover, the application of insect pest control is the largest in the industrial and commercial sector owing to the growing need for professional insect pest control solutions, mainly for hospitality and food manufacturing sectors, to maintain a hygienic environment for the control of flies, cockroaches, bedbugs and mosquitoes.

Data Bridge Market Research analyses t hat the insect pest control market is expected to reach USD 29.43 billion by 2030, which is USD 17.65 billion in 2022, registering a CAGR of 6.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Insect Pest Control Market Scope and Segmentation

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Market Definition

Insect pest control is the process of managing and controlling insect distribution through the usage of numerous methods. This method is used to protect trees, wood and crop production, as well as peoples from insect infestation. Pests are generally unwanted organisms that may pose a risk to property and human health. The numerous control procedures used are physical control methods, biological control methods, chemical control methods and other control methods.

Global Insect Pest Control Market Dynamics

Drivers

• Growing usage of liquid formulations

Liquid formulations are commonly mixed with water, but in some circumstances, labels may allow the usage of kerosene, crop oil, diesel fuel or some other light oil as a carrier. There are numerous types of liquid pesticide formulations for instance emulsifiable concentrate, ready to use invert emulsion, aerosols, low concentration solutions, ultra-low volume and others. The rising demand to increase the production of agricultural crops along with improving their yields is projected to drive the growth of the market in during the forecast period.

• Increasing demand of insect pest control in residential sector

The increasing demand for bio pesticide among residential owners for a quality and safe environment influences termite and pest control prevention services to install sustainable products, and boost the growth of the market. In addition, the increase of comprehensive pest management services, comprising general pest control, mosquito & termite and bed bug inspections resulted in the growth of the promising pest control solution in this sector. Therefore, the increase in residential buildings will aid to increase the demand for the insect pest control in the market in residential building during the forecast period.

Opportunities

• Constant development and introduction of safe products

Organic pest control methods are reliable and safer for unintended insects, aquatic life, animals, and the environment. A brand-new insecticide called RANGO has developed by Terramera. This brand-new insecticide is derived from plants and comprises active and solid chemicals. According to the predictions, the increasing demand for bio-based chemicals form chemical industry's will provide lucrative opportunities for the growth of the market during the forecast period.

• Increased regulations by different organization from better insect pest control

Regulatory authorities, such as the Federal Food, Drug, and Cosmetic Act (FFDCA) and the Environmental Protection Agency (EPA) in the United States, protect the public and environmental safety of pesticides. Furthermore, insect pest control products are sold on market only after getting approval from these regulatory authorities or organizations. This removes the risk posed by pesticides. American farmers' usage advanced insect pest control products which has augmented the land's productivity.

Restraints/ Challenges

• High fees of registration and an interminable wait for approval of product

Stringent and strict regulatory standards in the environmental protection sector apply to manufacturer of environments and industrial processes. Moreover, these differ according to counties policies. In numerous countries, the usage of insect pest control is subject to registration by environmental, health and insect pest control agencies. These policies governing the acquisition, application, registration, formulation and disposal of pesticides are inspected by governments. For instance, In the United States, the registration process comprises completing the necessities of the Federal Insecticide Act and the Federal Food, Cosmetic and Drug Act. The registration prices for insect pest control services are substantial owing to the many testing and approvals necessary. Long testing processes are also an obstruction to service providers because the long approval period might weaken companies' patent prospects.

This insect pest control market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the insect pest control market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In December 2021, Anticimex has acquired Pest Control and Clark’s Termite which is a prominent provider of high-quality pest control services. Through this acquisition Anticimex is projected to increase its pest control service.
• In July 2021, Rentokil Initial has acquired Southern Pest Control which offers residential and commercial pest control services in Gulfport, Ocean Springs, Pascagoula, Biloxi, the entire Mississippi Gulf Coast area and Mobile, Ala.
• In July 2020, Rollins a premier global consumer and commercial service company, has announced that one of its Australian subsidiaries acquired Adams Pest Control Pty Ltd. This company is the largest independent pest control provider in Australia. This acquisition solidified national coverage of Rollins' in Australia.

Global Insect Pest Control Market Scope

The insect pest control market is segmented on the basis of insect type, form, control method, application, mode of application and formulation. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Insect Type

• Termites
• Cockroaches
• Bedbugs
• Mosquitoes
• Flies
• Ants
• Others
• Beetles
• Wasps
• Fleas

 Form

• Dry
• Liquid

Control Method

• Chemical Control Methods
• Physical Control Methods
• Biological Control Methods
• Other Control Methods
• Environmental Services and Radiation

 Application

• Commercial and Industrial
• Residential
• Livestock Farms
• Others
• Post-Harvest Application and Transportation

Mode of Application

• Sprays
•  Traps
•  Baits

Formulation

• Liquid Formulation
• Emulsifiable Concentrate (EC)
• Aerosol (A)
•  Others
• Dry Formulation
• Granules (G)
• Wettable Powders (WP)
•  Soluble Powders (SP)
• Others

Insect Pest Control Market Regional Analysis/Insights

The insect pest control market is analyzed and market size insights and trends are provided by country, insect type, form, control method, application, mode of application and formulation as referenced above.

The countries covered in the insect pest control market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the insect pest control market in terms of revenue and market share owing to the increasing number of applications from commercial and residential sector in this region. 

Asia-Pacific is anticipated to be the fastest-growing region in insect pest control market during the forecast period of 2023-2030 due to increasing adoption of new regulations on hygiene and safety in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Insect pest control Market Share Analysis

The insect pest control market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to insect pest control market.

Some of the major players operating in the insect pest control market are:

• Bayer AG (Germany)
• BASF SE (Germany)
• Syngenta (Switzerland)
• ADAMA (Israel)
• FMC Corporation (U.S.)
• Rentokil Initial plc (U.K.)
• Ecolab Inc (U.S.)
• Rollins, Inc. (U.S.)
• Anticimex (Sweden)
• Arrow Exterminators (U.S.)
• JT Eaton (U.S.)
• Bell Labs. (U.S.)
• Sumitomo Chemical Co. Ltd (Japan)
• Ensystex (U.S.)
• Aptive Environmental (U.S.)
• PelGar International (U.K.)
• Corteva (U.S.)

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