Insect Pest Control Market 2018 Global Industry Analysis by Key Players, Size, Share, Growth Factors, Segmentation, Future Scope till 2023

“Insect Pest Control Market”
Global Insect Pest Control Market: Information by Control Method (Chemical, Physical, Biological), Insect Type (Termites, Mosquitoes, Cockroaches, Bedbugs), Application (Commercial, Residential, Industrial, Agriculture and Others), Region—Forecast till 2023

Market Defination

Pest control is the technique used to eliminate insects such as termites, mosquitoes, bedbugs using insecticides through different chemical, biological, and physical methods, which include screening and spraying to avoid the entry of pests inside the premises. Insect pest control finds its application in commercial, industrial, residential, and livestock farms as it provides prevention against harmful insects and protects health and environment.

Market Synopsis

The growth of insect pest control market is driven by increasing commercial and residential construction, across the globe. The market also gained importance due to the increased health consciousness from insect-based diseases, among the consumers. The increasing pest control awareness in the industrial sector has further driven the market growth. The changes in climatic conditions help the growth of pests. The prevalence of harmful diseases such as dengue, Zika virus, and malaria raised the need for effective measures from national public health authorities to control the proliferation of harmful insects by implementing new regulations, demanding pest control in residential and commercial buildings which, is expected to drive the global market during the forecast period. Such factors have increased the demand for pest control, raising the market for insect pest control.  

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Top Key Players

Some of the key players in the global insect pest control are Bayer (Germany), Syngenta (Switzerland), BASF SE (Germany), and FMC Corporation (US), Sumitomo Chemical Co., Ltd. (Japan), ADAMA Agricultural Solutions Ltd. (Israel), PelGar International Ltd. (UK), Curtis Gilmour (US), Ecolab (US), SenesTech, Inc (US), Rollins, Inc. (US), and Rentokil Initial plc (US)

Regional Analysis

Asia-Pacific is the fastest growing market for insect pest control due to the increase in awareness about modern pest control practices and demand for maintaining hygienic environmental conditions. Agricultural sector in countries such as India and China account for a considerable part of these countries GDP. Such countries are among the top five rice and wheat producers in the world. As the production of these commodities is growing, pest control products are being increasingly used to avoid post-harvest losses. Growing agriculture industry in the emerging economies such as India, China, and Thailand due to the increasing food production and the rising population, are likely to drive the market.

North America held the largest market share of insect pest control in 2017, due to the demand in both commercial and residential applications. The commercial, residential, and industrial sectors such as food processing, food service industries, and tourism sectors are subjected to pest control regulations within their premises, which is likely to propel the growth of the insect pest control market.

The rise in insect pest control has been increasing in the agriculture segment, which is estimated to grow at the highest CAGR during the review period owing to an increase in agricultural activities across the globe. In addition, easy availability of pest control providers is also projected to increase the demand for insect pest control.

Some of the key growth strategies adopted by market players include new product developments, expansion, and acquisitions. For instance, in Sep 2017, Bionema, a UK based biotechnology company, launched NemaTrident pest control product, which is a Tri-Component biological pest control system. This product improve efficiency by 20-30% and kills up to 95% of vine weevil in horticultural crops. However, problems related to the application of pest control products is one of the major factors that restrains the growth of the insect pest control market. Moreover, these products, when form residues and accumulate, can cause health issues to consumers.

Segmentation

The global insect pest control market has been segmented by control method, insect type, application, and region.

On the basis of control method, the market has been segmented into chemical, physical, biological and others.

Based on insect type, the market has been segmented into termites, mosquitoes, cockroaches, bedbugs, ants, flies and others.

By application, the market has been segregated into commercial, residential, industrial, agriculture and others.

By region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Intended Audience

  • Insect pest control manufacturers
  • Traders and distributors of elastomeric foam
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratories

 

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