According to MarketsandMarkets, the global insect pest control market size is estimated to be valued at USD 12.3 billion in 2021 and projected to reach USD 15.8 billion by 2026, recording a CAGR of 5.1% during the forecast period. Various factors have played a major role in driving the insect pest control market growth across the globe.
Insect pest control products are used in various end-user industries such as in residential buildings, commercial & non-commercial institutions, livestock, and industrial sectors. The bulk end-users namely as, hospitals, airports, hotels, offices under commercial establishments, factories, manufacturing plants are driving the demand of insect pest control. Also, the segment such as non-commercial institutions, storage, and transport facilities, and public landscapes are also creating a positive influence on the market. Some of the end-user companies include Hilton, ITC, General Mills, and Nestlé are demanding the insect pest control services in their kitchens.
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Drivers: Impact of climate change on insect proliferation
According to the “Public Health Significance of Urban Pest” publication by the WHO, climate change would result in an increase in the population of flying insects. There would be an increase of 244% in fly populations by 2080, according to the statement provided by the WHO. According to the Centre for Agriculture and Bioscience International, the Asian tiger mosquito, mainly found in Asian countries such as India, Indonesia, Malaysia, Myanmar, Nepal, Taiwan, Thailand, and Vietnam, had spread quickly to 28 countries in the past 10 years.
Restraints: Interminable time for regulatory approval of products
Strict and rigorous regulatory requirements in the environmental protection sector are applicable to the manufacturers’ production processes and their production environments. Moreover, these vary with the policies of each country. The usage of insect pest control products is subject to registration by health, environmental protection, and insect pest control agencies in various countries. Governments evaluate the policies related to the purchase, registration, formulation, application, and disposal of insecticides. The nature of government policies affects the demand and prices of insect pest control products
The chemical control method dominates the insect pest control market with the largest share in 2021.
In terms of control method, market is segmented into various methods, namely as, chemical, physical, and biological. Chemical control methods include chemicals of various classes such as chlorinated hydrocarbon, carbamates, organophosphates, pyrethroids, pyrroles, and neonicotinoids. These control methods are preferred globally due to instant results, availability, longer duration, and greater coverage area.
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The mosquito’s segment, by insect type, is projected to witness the highest growth during the forecast period.
In terms of insect types, mosquito segment is projected to grow at the highest CAGR during the forecast period. Due to increases in vectored diseases, the end-consumer are demanding the mosquito control services and products in the market. The common mosquito-vectored diseases include protozoan diseases such as malaria & filarial diseases and viruses such as dengue, encephalitis, and yellow fever hampered the humans. Mosquito-borne diseases that animals are susceptible to include dog heartworm, West Nile virus (WNV) and Eastern equine encephalitis (EEE) shows the negative impact on animal health.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, Key players in this market include BASF (Germany), Bayer (Germany), FMC Corporation (US), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), and ADAMA (Israel).
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