Insect Pest Control Market by Insect Type (Termites, Cockroaches, Bedbugs, Mosquitoes, Others), Control Method (Chemical, Biological, Others), and Application (Commercial, Residential, Others.): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026269 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 13 billion mark in 2022 and is expected to hit US$ 19 billion by 2030, recording a CAGR of 5.2% during the forecast period.

Impact of climate change on insect proliferation

According to the “Public Health Significance of Urban Pest” publication by the World Health Organization (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. Thus, with the increasing population of insects, the demand for insect pest control is expected to increase in the forecast period.

Within the report, the market is segmented into insect type, control method, application, and geography. By insect type, the market is segmented into termites, cockroaches, bedbugs, mosquitoes, others. By control method, the market is divided into chemical, biological, and others. By application, the market is categorized into commercial, residential, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Consumers shift towards biological control method

In recent years, the use of biological pesticides, which have little to no negative impacts on human health, is gaining popularity among service providers. It is expected that the usage of pesticides for insect control would steadily decline and that consumers will shift to biological alternatives. Regulatory changes and pest organism resistance development are major factors influencing market growth. The European Union's restriction on the use of neonicotinoid pesticides is an example of biological control approaches being preferred over chemicals. Growers have begun to use biological insecticides in place of banned older and more hazardous active chemicals. These factors are expected to propel the demand for biological pesticides and are further expected to drive market growth.

Increasing utilization of various technologies to spell growth of the market

The use of numerous emerging technologies, such as artificial intelligence (AI), has been on the upswing due to affordable service costs and the capability to operate in remote as well as difficult-to-access and remote regions without hampering facility operations. As a result, in the future years, the demand for digital pest management solutions is expected to skyrocket. Rentokil, a pest treatment company, uses AI-based picture recognition techniques to find and treat an extensive variety of pests and vermin. The utilization of such the latest technologies is anticipated to augur well for the insect pest control market during the forecast period.

Recent strategic developments in the Insect Pest Control market

The insect pest control market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 2021, ADAMA completed the acquisition of Huifeng (China). ADAMA closed the acquisition of a 51% stake in Huifeng’s key crop protection synthesis and formulation facilities, thus significantly bolstering ADAMA’s commercial presence in the China insect pest control market
  • In November 2020, Bayer introduced Fludora Co-Max to combat resistant mosquitoes and control vector-borne diseases worldwide. This product expansion helps company to increase their market share in the insect pest control market.

The insect pest control market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. BASF SE, Bayer AG, Syngenta, Sumitomo Chemical Co., Ltd, FMC Corporation are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Insect pest control manufacturer
  • Home care related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Insect Type
  • Termites
  • Cockroaches
  • Bedbugs
  • Mosquitoes
  • Others
  • Control Method:
  • Chemical
  • Biological
  • Others
  • Crop Application
  • Commercial
  • Residential
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • BASF SE
    • Bayer AG
    • Syngenta
    • Sumitomo Chemical Co., Ltd
    • FMC Corporation

Companies profiled

- BASF SE
- Bayer AG 
- Syngenta
- Sumitomo Chemical Co., Ltd
- FMC Corporation

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