Global Insect Pest Control Market - 2023-2030

Overview

Global Insect Pest Control Market reached US$ 17.1 billion in 2022 and is expected to reach US$ 29.0 billion by 2030, growing with a CAGR of 6.8% during the forecast period 2023-2030.

Insects are a significant threat to the agriculture and horticulture industries, causing crop damage and lowering yields. As global food demand rises, so does the demand for effective pest control solutions in farming practices. As a result of advancements in pest control technologies and equipment, pest management has become more efficient and precise, encouraging businesses and homeowners to adopt modern insect pest control solutions.

Furthermore, the increasing prevalence of pest-related diseases such as malaria, dengue fever, Zika virus, and Lyme disease has increased the demand for effective pest control solutions to prevent outbreaks and protect public health. For instance, According to the World Malaria Report, there will be 247 million malaria cases in 2021, up from 245 million cases in 2020. Malaria deaths are expected to be 619,000 in 2021, up from 625,000 in 2020.

Dynamics

Climate Change and Insect Proliferation

Climate change, according to the WHO publication "Public Health Significance of Urban Pest," would increase the population of flying insects. According to the WHO statement, fly populations would increase by 244% by 2080. The Asian tiger mosquito, which is primarily found in Asian countries such as India, Indonesia, Malaysia, Myanmar, Nepal, Taiwan, Thailand, and Vietnam, has spread rapidly to 28 countries in the last decade, according to the Centre for Agriculture and Bioscience International.

Furthermore, according to Mississippi State University Extension Service, new termite colonies grow slowly. After the first year, a newly established colony may contain fewer than 50 termites, and only a few hundred termites after two years. A colony can take 5 years or more to grow large enough to invade a building or produce its own swarmers. A mature colony of Eastern subterranean termites can have a population of 50,000 to several hundred thousand termites. The increase in insect population will present an opportunity for insect pest control management.

Insect Pest Control is Becoming Increasingly Popular in The Residential Sector

The growing demand for bio-pesticides among residential property owners seeking a quality and safe environment influences termite and pest control prevention services to install sustainable products, boosting market growth. Furthermore, the expansion of comprehensive pest management services, such as general pest control, mosquito & termite inspections, and bed bug inspections, has resulted in the growth of this sector's promising pest control solution.

According to the United States Census Bureau, HUD reported on July 19, 2023, New residential construction in June 2023 in the United States, 1.44 million building permits, and 1.43 million housing starts. As a result, the rise in residential construction will drive up demand for insect pest control in the residential building market during the forecast period.

High Registration Fees and An Interminable Wait for Product Approval

Strict and stringent environmental regulatory standards apply to manufacturers' industrial processes and environments. In addition, these vary depending on the policies of each country. The use of insect pest control is subject to registration in many countries by health, environmental, and insect pest control agencies. Governments scrutinize the policies governing pesticide acquisition, registration, formulation, application, and disposal. Demand and pricing for insect pest control services are influenced by the type of government legislation. Pesticide regulation in Canada is overseen by the Health Canada Pest Management Regulatory Agency (PMRA). Pesticides in Canada are strictly regulated to ensure they pose no risk to human health or the environment. Health Canada is authorized by the Pest Control Products Act.

Furthermore, the various pest control product fees primarily stifle market growth. For example, in Canada, the processing fees for pest control products by the Minister of Canada are $1,133 for the application to renew a registration. In addition, the fee for the Minister's examination of an application to renew a pest control product's registration is $80. Also, on April 1 of each year, the annual fee adjustment of every fee set out in this part is to be increased by 2%, rounded up to the nearest dollar.

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Segment Analysis

The global insect pest control market is segmented based on insect type, control method, form, distribution channel, application, and region.

Growing the Usage of Liquid Formulation

The liquid formulation segment holds a major share of the global insect pest control market. Liquid formulations are typically mixed with water, but labels may allow the use of kerosene, crop oil, diesel fuel, or another light oil as a carrier in some cases. Liquid pesticide formulations come in a variety of forms, including emulsifiable concentrate, ready-to-use invert emulsion, aerosols, low-concentration solutions, ultra-low volume, and others.

For instance, DoMyOwn is a supplier company based in the United States that manufactures and supplies products for controlling pest infestations in homes and properties, businesses, lawns, and gardens. The company offers over 200 liquid products in the Insecticide Concentrates price range of 40 -60 US$ per 2L. The rising demand to increase agricultural crop production while improving yields is expected to drive market growth during the forecast period.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration

North America Dominant Share in Insect Pest Control Market

The North American insect pest control market has witnessed significant growth and popularity covering a significant share in 2022. Insect Pest Control is growing rapidly in the United States, owing to the high demand for pest control services in both residential and commercial settings. According to the United States Census Bureau, HUD reported on July 19, 2023, New residential construction in the United States in June 2023, 1.44 million building permits, and 1.43 million housing starts. As a result, the increase in residential construction will drive up demand for insect pest control in the United States market during the forecast period.

Furthermore, the National Pest Management Association reported on April 3, 2022. The structural pest control industry in the United States generated total service revenue of $11.042 billion, a 6% increase from $10.421 billion in 2021. Also, there were an estimated 17,670 pest control companies in the United States in 2022.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include Bayer AG, BASF SE, Syngenta, ADAMA, Ecolab Inc. Rollins, Inc., FMC Corporation, Sumitomo Chemical Co. Ltd, Ensystex, and Corteva

COVID Impact

The novel coronavirus outbreak across the globe had a negative impact on global pest control services. During the pandemic, major service providers were forced to suspend or reduce their activities and services in order to protect people's health. Furthermore, governments around the world implemented strict lockdown guidelines.

Furthermore, in this time of increased pressure on the core areas of food and health, pest control services must protect these premises from additional risks caused by pest activity. There's also the broader issue of pest activity posing a risk to human health, which could put additional strain on healthcare infrastructure in places like hospitals, slowing market growth. However, key market players were focusing on geographical expansions and partnerships to strengthen their position in the global industry.

Russia- Ukraine War Impact

Russia's aggression is also likely to have an impact on Ukraine's ability to control pest and animal diseases, particularly African swine fever (ASF), increasing the risk of disease spread within Ukraine and in neighboring countries. Since more than half of Ukraine's crop production is exported, export supply chain logistics are critical. Prior to Russia's aggression, over 90% of Ukraine's crop exports were routed through Azov and Black Sea ports. Because of the ongoing war or Russian occupation, these ports are currently inaccessible. Other export channels, such as road, rail, and river ports, lack the capacity to handle the same volumes as maritime ports. As a result, industry estimates indicate that current exports account for only about 20% of normal export quantities.

By Insect Type

• Termites
• Cockroaches
• Bedbugs
• Mosquitoes
• Flies
• Others

By Control Method

• Chemical
• Biological
• Physical

By Form

• Dry
• Liquid

By Distribution Channel

• E-Commerce
• Specialty Stores
• Hypermarket/Supermarket
• Others

By Application

• Residential
• Commercial
• Industrial
• Livestock Farms

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On March 22, 2023, Zevo, America's fastest-growing pest control brand, launched new On-Body Mosquito + Tick Repellents, which provide odorless, non-sticky, and complete protection against mosquitos and ticks for up to 8 hours.
• On November 2021, Rentokil acquired Insect IQ Pest Control Services of Modesto, California. Insect IQ Pest Control Services was established in 2003 and serve the communities of Modesto, Oakdale, Patteson, Riverbank, and surrounding areas in California.
• On December 2021, Rentokil acquired American Pest Control of Kansas City, Kan. In 1979, American Pest Management was established. Pest control services are provided to commercial and residential customers in the Kansas City metro area, including Overland Park, Olathe, Liberty, and surrounding areas.
• On December 2021, Rentokil North America acquired American Pest Management of Manhattan, Kansas. In 1979, American Pest Management - Manhattan was established. Pest control services are provided to both commercial and residential customers in Kansas cities such as Abilene, Clay City, Junction City, Ogden, Salina, and Wamego.

Why Purchase the Report?

• To visualize the global insect pest control market segmentation based on insect type, control method, form, distribution channel, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of insect pest control market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global insect pest control market report would provide approximately 77 tables, 81 figures, and 183 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies