Global Insect Pest Control Market Overview
The Insect Pest Control Market, with a valuation of USD 17.65 Billion in 2022, is set for significant expansion. Projections indicate that the industry will advance from USD 19.1 Billion in 2023 to USD 29.43 Billion by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 6.60% during the forecast period (2023 – 2030). The impetus behind this growth stems from changing climatic conditions and a rapid surge in the global pest population. This surge, combined with an increase in cases of severe human infections caused by specific pests, is driving the widespread adoption of pest control measures. Furthermore, the growth of the integrated pest management industry, the introduction of new integrated pest management (IPM) programs, and increased government support for IPM are anticipated to positively impact this market.
Market Segmentation
The insect pest control market can be segmented by type, application, and mode of application.
By Type
- Insecticides
- Insect repellents
- Insect traps
- Biological control agents
Insecticides are the most widely used type of insect pest control product, accounting for over 70% of the market share. Insecticides can be classified into two main types: contact insecticides and systemic insecticides. Contact insecticides kill insects on contact, while systemic insecticides are absorbed by the plant and kill insects when they feed on the plant.
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Insect repellents are used to deter insects from biting or landing on people or animals. Insect repellents can be classified into two main types: natural repellents and synthetic repellents. Natural repellents are made from plant extracts, such as citronella and eucalyptus, while synthetic repellents are made from chemicals, such as DEET.
Insect traps are used to lure and capture insects. Insect traps can be classified into two main types: light traps and sticky traps. Light traps attract insects using light, while sticky traps attract insects using a sticky substance.
Biological control agents are living organisms that are used to control insect pests. Biological control agents can be classified into two main types: predators and parasites. Predators are insects or other animals that eat insect pests. Parasites are insects or other organisms that live on or inside insect pests and eventually kill them.
By Application
- Agricultural
- Residential
- Commercial
The agricultural sector is the largest application segment of the insect pest control market, accounting for over 50% of the market share. Insect pests can cause significant damage to agricultural crops, leading to reduced yields and increased costs.
The residential sector is another major application segment of the insect pest control market. Insect pests can be a nuisance in homes and can also transmit diseases.
The commercial sector includes businesses such as restaurants, hotels, and offices. Insect pests in commercial establishments can damage property and spread diseases.
By Mode of Application
- Spraying
- Fumigation
- Baiting
Spraying is the most common mode of application of insect pest control products. Insecticides, insect repellents, and insect traps can all be applied by spraying.
Fumigation is a process of using toxic gases to kill insects. Fumigation is typically used in enclosed spaces, such as warehouses and food processing plants.
Baiting is a process of using poisoned food to lure and kill insects. Baiting is typically used for insect pests that are difficult to control with other methods, such as cockroaches and ants.
Market Drivers
The following are some of the key drivers of the insect pest control market:
- Rising demand for insect pest control services in the agricultural and residential sectors
- Increasing incidence of insect-borne diseases
- Growing awareness of the importance of pest prevention
Market Challenges
The following are some of the challenges facing the insect pest control market:
- Stringent environmental regulations
- Development of resistance to insecticides by insect pests
- Lack of awareness about the importance of pest prevention in developing countries
Key Trends
The following are some of the key trends in the insect pest control market:
- Increasing demand for organic insect pest control products
- Growing adoption of precision pest control practices
- Technological advancements in insect pest control
Key Players
The major players in the insect pest control market include:
- Bayer
- BASF
- Syngenta
- DowDuPont
- FMC
- Rentokil Initial
- Orkin
- Terminix
- Ecolab
- Steritech
- Anticimex
Conclusion
The insect pest control market is expected to grow at a steady pace in the coming years, driven by the rising demand for insect pest control services in the agricultural and residential sectors. The market is also expected to benefit from the increasing incidence of insect-borne diseases and the growing awareness of the importance of pest prevention. The market is expected to be challenged by stringent environmental regulations, the development of resistance to insecticides by insect pests, and the lack of awareness about the importance of pest prevention in developing countries.
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