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Insect Pest Control Market Size, by Types, Key Players, Demand, Revenue, Opportunities, Growth Factors, Trend & Forecast till 2023

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Insect Pest Control Market Size, by Types, Key Players, Demand, Revenue, Opportunities, Growth Factors, Trend & Forecast till 2023

September 07
14:27 2019
Insect Pest Control Market Size, by Types, Key Players, Demand, Revenue, Opportunities, Growth Factors, Trend & Forecast till 2023

Insect Pest Control Market Research
Insect Pest Control Market Research Report: by Control Method (Chemical, Physical, Biological), by Insect Type (Ants, Flies, Bedbugs, Termites, Mosquitoes, Cockroaches, Others), by Application (Commercial, Residential, Industrial, Livestock Farms), and Region – Global 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.

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.

Insect Pest Control Market Key Players:

BASF SE (Germany), Bayer AG (Germany), Sumitomo Chemical Co., Ltd. (Japan), ADAMA Agricultural Solutions Ltd (Israel), China National Agrochemical Co., Ltd. (China), PelGar International Limited (UK), Syngenta (Switzerland), Curtis Gilmour (US), Ecolab (US), SenesTech, Inc. (US), Rollins, Inc. (US), Rentokil Initial plc (UK), and FMC Corporation (US)

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Competitive Landscape:

The top players dominating this market include BASF SE, Bayer AG, Sumitomo Chemical Co., Ltd., ADAMA Agricultural Solutions Ltd, PelGar International Limited, Syngenta, Curtis Gilmour, Ecolab, Rentokil Initial plc, and FMC Corporation. The global Insect pest control market is fragmented and consists of tier-1, tier-2, and small players; catering demand from commercial, industrial, and residential applications. The rapid urbanization, leading to an increased number of residential and commercial construction is driving the global insect pest control market. With the increasing awareness about the vector-borne diseases, food safety, and hygiene, the market is projected to witness high growth in the coming years.

Latest Innovation News:

In September 2018, Syngenta Ventures, the corporate venture capital team of Syngenta, invested USD 2.9 million seed round in a Denmark based ag biotech startup BioPhero, which develops insect pheromones that are used as active ingredients in products to control pests in crops.

Rollins, Inc. (Rollins) provides pest and termite control services to residential and commercial customers and operates through its wholly owned subsidiaries namely, Orkin LLC., Orkin Canada, Western Pest Services, The Industrial Fumigant Company, HomeTeam Pest Defense, AllPest, Critter Control, Inc., Trutech LLC., Waltham Services LLC., PermaTreat, Crane Pest Control, Statewide Pest Control, Murray Pest Control, Safeguard Pest Control, Northwest Exterminating, and OPC Pest Services. It has operations in North America, Australia, Europe, Central America, the Caribbean, the Middle East, Asia, the Mediterranean, and Africa. It has over 700 locations in 53 countries, along with 200 franchises.

On 27 September 2018, Adama announced a collaboration with AgroSpheres, an agricultural biotechnology company to focus on developing novel crop protection solutions. The research and development will be conducted on AgroSpheres’ proprietary bioparticle technology for encapsulation of pesticides. This was the former’s strategy to strengthen its product portfolio through the development of new formulations to improve crop protection offerings.

Bayer completed the acquisition of Monsanto, the US-based agrochemicals and agricultural biotechnology corporation in June 2018. The acquisition was completed after Bayer’s divestments to BASF SE as per the conditions laid down by the US Department of Justice

Ecolab is the global leader in water, hygiene, and energy technologies and services. It operates through 11 business segments- ecosure, food & beverage processing, food safety specialties, healthcare, institutional, kay chemical, life sciences, nalco champion, nalco water, pest elimination, and textile care. It has operations in over 170 countries with around 105 sales offices across the globe. All these segments come under the major reporting segments, namely global industrial, global institutional, global energy, and other. It had assets worth USD 19,962.4 million as of 2017 and has over 50 manufacturing facilities worldwide along with 8,700 patents on its name. 

In March 2018, Sumitomo announced the acquisition of 82.9% of shares of Botanical Resource Australia Pty Ltd, one of the leading suppliers of a natural insecticide ingredient, pyrethrins- an extract found in pyrethrum flower heads. The pyrethrins act on the nervous systems of pests such as mosquitoes and ticks. This was the company’s strategy to strengthen its product portfolio and to remain a leading player in the global market.

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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 European market is expected to grow on account of the revsions in regulations on integrated pest management in the region.

The Latin American market is expected to grow at a significant rate during the review period due to the economic growth and the increasing population. The market in the Middle East & Africa is likely to exhibit considerable growth in the coming years due to increasing construction activities.

Segmentations:

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 Audiences:

  • Insect Pest Control Manufacturers
  • Insect Pest Control Suppliers and Distributors
  • Potential Investors
  • Raw Material Suppliers
  • Insect Pest Control Associations
  • End Use Industries

Table Of Contents

TABLE 1 MARKET SYNOPSIS 17 

TABLE 2 LIST OF ASSUMPTIONS 20 

TABLE 3 GLOBAL INSECT PEST CONTROL MARKET, BY CONTROL METHOD, 2016–2023 (USD MILLION) 42 

TABLE 4 GLOBAL INSECT PEST CONTROL MARKET, FOR CHEMICAL, BY REGION, 2016–2023 (USD MILLION) 43 

TABLE 5 GLOBAL INSECT PEST CONTROL MARKET FOR PHYSICAL, BY REGION, 2016–2023 (USD MILLION) 43 

Continued . . .

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