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Insect Pest Control Market to Reach $15.8 Billion by 2026 | Key Players are BASF, Bayer, FMC Corporation, Syngenta, ADAMA

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Insect Pest Control Market to Reach $15.8 Billion by 2026 | Key Players are BASF, Bayer, FMC Corporation, Syngenta, ADAMA

September 14
07:53 2021
Insect Pest Control Market to Reach $15.8 Billion by 2026 | Key Players are  BASF, Bayer, FMC Corporation, Syngenta, ADAMA
MarketsandMarkets™
The global insect pest control products market size is estimated to be valued at USD 12.3 billion in 2021 and projected to reach USD 15.8 billion by 2026, recording a CAGR of 5.1%

The report Insect Pest Control Market by Insect Type (Termites, Cockroaches, Bedbugs, Mosquitoes, Flies, & Ants), Control Method (Chemical, Biological, & Physical), Application, Form (Dry and Liquid), and Region – Global Forecast to 2026″, published by MarketsandMarkets™. According to MarketsandMarkets, the global insect pest control market size is estimated to be valued at USD 12.3 billion in 2021 and projected to reach USD 15.8 billion by 2026, recording a CAGR of 5.1% during the forecast period.

Insect Pest Control Market

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The change in climate conditions is a significant factor that has contributed to the growth of the insect pest control market. This is attributed to global warming, which leads to changes in the population dynamics of insects and their ecosystems, as they are found prominently in warmer climates. Simultaneously, application methods have also become easier and safer to handle through larvicides, residual sprays, ultra-low volume sprays, and baits. This is expected to be a major driver for the growth of the insect pest control market.

The residential segment, by application, is projected to witness significant growth during the forecast period.

Insect pest controls have wide application in industrial and commercial segments, residential, and livestock farming practices. The residential segment mainly requires pest control services for the containment of cockroaches, bed bugs, mosquitoes, and termites. Insect pest control is recommended for localized areas and home applications. Baits are also used for indoor and outdoor applications in residential areas. 

The North American region dominates the insect pest control market with the largest share in 2021.

Growing industries, commercial plazas, residential societies, and livestock farming, have significantly contributed to the growth of the insect pest control market in North America. The rising growth of termites, cockroaches, mosquitoes, ants, flies, and bedbugs are another factor that is expected to boost the demand for insect pest control market. Due to strict rules and regulations and an increase in health-conscious consumers has led to the increased use of insect pest control services and has offered a market opportunity for the insect pest control market.

The chemical control method dominates the insect pest control market with the largest share in 2021.

In terms of control methods, the market is segmented into various methods, namely, chemical, physical, and biological. Chemical control methods include chemicals of various classes such as chlorinated hydrocarbons, carbamates, organophosphates, pyrethroids, pyrroles, and neonicotinoids. These control methods are preferred globally due to instant results, availability, longer duration, and greater coverage area.

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The mosquito’s segment, by insect type, is projected to witness the highest growth during the forecast period.

In terms of insect types, the mosquito segment is projected to grow at the highest CAGR during the forecast period. Due to increases in vectored diseases, the end-consumer are demanding the mosquito control services and products in the market. The common mosquito-vectored diseases include protozoan diseases such as malaria & filarial diseases and viruses such as dengue, encephalitis, and yellow fever hampered the humans. Mosquito-borne diseases that animals are susceptible to include dog heartworm, West Nile virus (WNV), and Eastern equine encephalitis (EEE) shows a negative impact on animal health.

Key Players:

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, Key players in this market include BASF (Germany), Bayer (Germany), FMC Corporation (US), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), and ADAMA (Israel).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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