Showing posts with label Pest Control Market. Show all posts
Showing posts with label Pest Control Market. Show all posts

Thursday, May 30, 2024

Pest Control Market Size, Opportunities, Analysis, and Forecast Until 2028

 The global pest control market is expected to grow from an estimated $24.9 billion in 2023 to $32.8 billion by 2028, with a compound annual growth rate (CAGR) of 5.7% during this period. The global demand for pest control products and services is being driven by several key factors. There is growing awareness about the health risks and diseases associated with pests, prompting individuals and businesses to prioritize pest prevention and control measures. This increased focus on health and hygiene is significantly boosting the demand for pest control services. Additionally, advancements in pest control technologies and methods have enhanced the effectiveness, accuracy, and sustainability of treatments, making them more attractive to consumers.

Pest Control Market

Pest Control Market Drivers

  • Increasing instances of vector-borne disease outbreaks to encourage public health initiatives
  • Impact of climate change on pest proliferation
  • Rising adoption of digital applications and technology

Within the mode of application segment, sprays are predicted to have the largest market value during the forecast period.

Sprays are utilized for the application of pest control in specified amounts to different surfaces and areas. Spraying allows for a widespread and even distribution of pest control products, reaching areas that might be difficult to access through other methods. This method is particularly useful for both indoor and outdoor applications, making it suitable for a wide range of pest control scenarios. Additionally, advancements in spray technology have led to the development of more targeted and eco-friendly formulations that minimize the impact on non-target species and the environment.

North America is expected to have the largest market share during the forecast period.

The market for pest control is growing in North America owing to the widening scope of applications in not only residential or commercial but also in livestock and for industrial purposes, such as in the food and pharmaceutical industries. The pest control market in North America is experiencing notable growth owing to a convergence of factors. Moreover, there are numerous companies in North America providing pest control products and services. Apart from major players, there are many local players in the market. The presence of numerous pest control companies in the region also indicates that there is high demand for the pest control management. Stringent regulations in industries such as food safety and hospitality further bolster the market's expansion. Innovations in pest control technologies, including eco-friendly solutions and integrated approaches, enhance efficacy and appeal to environmentally conscious consumers.

Top Pest Control Companies

The key players in this include Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK). Companies are emphasizing on expanding their production facilities by entering into partnerships and agreements as well as by launching new products to grow their businesses and their market shares. New product launches because of extensive research & development (R&D) initiatives, geographical expansion to tap the potential of emerging economies, and strategic acquisitions to gain a foothold over the large extent of the supply chain are the key strategies adopted by companies in the pest control market.

Pest Control Industry News:

  • In June 2023, Bayer AG’s agricultural division, Bayer CropScience, partnered with Crystal Crop Protection Ltd. to develop and launch groundbreaking solutions for pest control that are aimed at benefiting paddy growers across India. This partnership indicates a critical turning point in the quest to improve rice farmer yields and crop protection techniques in India.
  • In June 2023, Corteva Agriscience opened a combined crop protection and seed research laboratory in Eschbach, Germany. This research centre would help the company drive innovation and deliver sustainable solutions for farmers. The expansion would also enable the company to conduct state-of-the-art crop protection studies to help develop solutions which protect crops from pests and diseases, thus boosting the pest control market.
  • In April 2023, Rollins, Inc. acquired Fox Pest Control through its own brand, HomeTeam Pest Defense. The acquisition is expected to augment Rollins long-term growth strategy in new geographies across the US market.

Wednesday, January 31, 2024

Pest Control Industry Analysis, Growth Drivers, Trends, and Leading Players

The pest control market size is projected to reach $32.8 billion by 2028 from an estimated $24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value. Several important factors are augmenting the demand for pest control products and services on a global scale. Increasing awareness of the health risks posed by pests and the diseases they can transmit is driving individuals and businesses to prioritize pest prevention and control. This heightened concern for health and hygiene fuels the demand for pest control services. Moreover, advancements in pest control technologies and methods have improved the efficacy, precision, and sustainability of treatments, making them more appealing to consumers.

pest control market

Pest Control Market Share:

The key players in this include Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).

Pest Control Market Trends

  • Sustainability: With increasing environmental concerns, there's a growing demand for eco-friendly pest control solutions. This includes the use of organic products, non-toxic methods, and sustainable practices to minimize harm to the environment.
    Integrated Pest Management (IPM): IPM continues to gain traction as a comprehensive approach to pest control. It emphasizes prevention, monitoring, and control, reducing reliance on chemical treatments and promoting long-term solutions.
    Technology Integration: Advancements in technology are revolutionizing pest control. From smart traps and sensors to data analytics and remote monitoring systems, technology is enhancing efficiency, accuracy, and predictive capabilities in pest management.
    Focus on Health and Safety: Consumers are increasingly prioritizing health and safety concerns, driving the demand for pest control methods that are safe for humans and pets. This includes the use of low-toxicity products and application techniques that minimize exposure risks.
    Rise of Professional Services: While DIY solutions remain popular for minor pest problems, many consumers are turning to professional pest control services for more challenging infestations. Professional expertise, specialized equipment, and guaranteed results are key factors driving this trend.
    Urbanization and Pest Pressure: As urban areas continue to expand, pest pressure is on the rise. This trend is fueling the demand for proactive pest control measures in both residential and commercial settings, driving market growth.

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North America is expected to have the largest market share during the forecast period.

The market for pest control is growing in North America owing to the widening scope of applications in not only residential or commercial but also in livestock and for industrial purposes, such as in the food and pharmaceutical industries. The pest control market in North America is experiencing notable growth owing to a convergence of factors. Moreover, there are numerous companies in North America providing pest control products and services. Apart from major players, there are many local players in the market. The presence of numerous pest control companies in the region also indicates that there is high demand for the pest control management. Stringent regulations in industries such as food safety and hospitality further bolster the market's expansion. Innovations in pest control technologies, including eco-friendly solutions and integrated approaches, enhance efficacy and appeal to environmentally conscious consumers. 

Friday, September 22, 2023

Pest Control Market Industry Analysis, Leading Players, and Forecast

The pest control market is projected to reach USD 32.8 billion by 2028 from an estimated 24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value. A number of variables influence the need for pest control worldwide. One major factor is people and companies being more aware of the health dangers and property damage that pests pose. As the value of keeping hygienic surroundings is well understood, there is an increased need for expert pest control services to efficiently handle infestations. Additionally, urbanization and globalization have made it simpler for pests to spread across borders and geographical areas, necessitating a comprehensive strategy for pest management.

Pest Control Market

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The key players in this market includes Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).

Bayer AG (Germany), Bayer AG is a global company with its core competencies in the life sciences field of health care and agriculture. It operates through three segments—pharmaceuticals, consumer health, and crop science. Bayer CropScience is Bayer’s agricultural subsidiary that offers crop protection, seeds & traits, and digital farming products. Bayer CropScience’s division, Environmental Science, offers professional pest management products. The environmental science business offers a broad portfolio of highly effective sprays, baits, and other pest control products that have chemical or biological modes of action. Additionally, it provides extensive customer services to support sustainable agriculture. As of 2022, Bayer Grourp comprised of 354 consolidated companies in 83 countries and supplies products and solutions through its subsidiaries. The company primarily operates in Europe and has an active presence in North America, Latin America, Africa, the Middle East, and Asia Pacific.

BASF SE (Germany), BASF SE is a leading chemical company and is listed on stock exchanges in Frankfurt (Germany), London (UK), and Zurich (Switzerland). The company has 11 divisions grouped into six segments, namely, Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. For financial reporting, it has organized its regional divisions into four: Europe, North America, Asia Pacific, and South America/Africa/Middle East. BASF’s pest control division is engaged in the research, development, production, and sales of pest control products for the extermination of different types of pests across a wide range of scenarios. The BASF urban and rural pest control portfolio combines novel products and strategies to existing and emerging pest control challenges. It provides smart solutions for pest management to keep the environment safe and healthy. In January 2023, BASF SE launched the novel insecticide active ingredient, which is used to control harmful piercing and sucking insect pests. The company launched it in Australia and further planning to launch it in Asia, Europe, and South America in the coming years.

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Syngenta AG (Switzerland), Syngenta engages in the discovery, development, manufacture, and marketing of a range of products designed to enhance crop yield and food quality worldwide. The company operates through two business segments—crop protection and seeds. It sells pest control products through the crop protection segment. The company markets its products in over 90 countries and 116 R&D sites. The company sells its products through specialized distributors, dealers, and professional applicators, as well as directly to growers. Syngenta has its manufacturing facilities in Switzerland, the US, the UK, France, India, China, and Brazil. The company’s subsidiaries include Syngenta India Ltd. (India), Syngenta UK (UK), and Syngenta US Agribusiness (US). In September 2022, Syngenta Crop Protection collaborated with a Swiss agricultural startup, Gamaya SA, for the development and launch of a digital tool to detect harmful nematodes through satellite images. This is a commercial digital diagnosis and mapping solution for harmful nematode pests. The collaboration signified the utilization of advanced technologies and integration of technologies with the pest management approaches.

The pest control market is growing in North America owing to the widening scope of applications in not only residential or commercial but also in livestock and for industrial purposes, such as in the food and pharmaceutical industries. The pest control market in North America is experiencing notable growth owing to a convergence of factors. Moreover, there are numerous companies in North America providing pest control products and services. Apart from major players, there are many local players in the market. The presence of numerous pest control companies in the region also indicates that there is high demand for the pest control management. Stringent regulations in industries such as food safety and hospitality further bolster the market's expansion. Innovations in pest control technologies, including eco-friendly solutions and integrated approaches, enhance efficacy and appeal to environmentally conscious consumers.

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Wednesday, August 23, 2023

Factors Driving the Pest Control Market

According to a research report "Pest Control Market by Control Method (Chemical, Mechanical, Biological, Software & Services), Pest Type (Insects, Rodents, Termites, Wildlife), Mode of Application (Sprays, Traps, Baits, Pellets, Powder), Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the pest control market is projected to reach USD 32.8 billion by 2028 from an estimated USD 24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value. The utilization of pest control products and services is being driven by a number of factors that reflect the evolving needs and priorities of individuals, businesses, and industries. Heightened awareness of the health risks associated with pests and the diseases has spurred a greater demand for proactive pest management. Moreover, the increasing urbanization and population density in various regions have created an environment conducive to pest infestations, necessitating effective control measures.

Pest Control Market

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By application, the residential segment accounted for the largest share of the pest control market.

Pest control products for residential use are essential in maintaining a safe and comfortable living environment for homeowners. These products are designed to address common household pests, including insects like ants, cockroaches, spiders, and termites, as well as rodents like mice and rats. Thus, due to the increasing infestation by pests in residential areas, the utilization of pest control products in residential in expanding at a significant rate.

The insects segment accounted for the largest share of the pest control market by value.

The increasing urbanization and changing climate has increased the global insect population, which is driving the need for pest management, particularly for insects such as bedbugs, cockroaches, mosquitoes, flies, and others. Since insects’ cause irritation to livestock or humans and can be vectors of plant or livestock diseases, thus management of insect pests are essential, due to which the pest control market is anticipated to benefit.

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By mode of application, the sprays segment accounted to have the largest share in the pest control market.

Sprays are a preferred mode of application in the pest control market, owing to the high demand for liquid chemical formulations. Sprays give consumers a quick and easy way to apply pest control solutions, enhancing pest control and preventing property losses. The spray mode of application also allows for a uniform distribution of the pest control chemicals over the target area, which ensures that pests are exposed to the active ingredients consistently, increasing the effectiveness of the treatment. Moreover, with various nozzle designs and spray patterns, the spray formulations can be applied to specific areas that reduces the risk of non-target species exposure.

By control method, the chemical segment accounted for the largest share in the pest control market.

Chemicals are preferred due to their quick action and effectiveness in controlling pests. The use of chemical pesticides is widespread due to their relatively low cost, the simplicity of application, and their effectiveness, availability, and stability. Chemical pest control products also provide rapid control of pest populations, especially when dealing with immediate threats, outbreaks, or infestations. Moreover, Chemicals can provide a consistent and reliable means of pest control, since chemicals works regardless of weather conditions and can be applied at various growth stages of pests. Thus, these factors are driving the utilization of chemicals in pest control management.

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The North America region accounted for the largest market, in terms of value, of the global pest control market in 2022.

Due to several factors, the market for pest control is expanding in North America. As consumers look for pest control management, there is first a growing awareness of and adoption of sustainable pest control approaches practices in the area. The stringent regulations in various industries, such as food production, hospitality, and healthcare, have also played a significant role in the market's growth. Additionally, advancements in pest control technologies and methods have made treatments more efficient, targeted, and environmentally friendly, further boosting the market in North America.

The key players in this market includes Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).

Thursday, August 17, 2023

Growth Strategies Adopted by Major Players in the Pest Control Market

The global pest control market is projected to reach USD 29.1 billion by 2026, at a compound annual growth rate (CAGR) of 5.1% during the forecast period. It is estimated to be valued USD 22.7 billion in 2021. Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.

Pest Control Market

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Restraints : High registration costs and interminable time for product approval

Strict and rigorous regulatory requirements in the environmental protection sector apply to the manufacturer’s production processes and environments. Moreover, these vary with the policies of each country. The usage of pest control products is subject to registration by health, environmental protection, and pest control agencies in various countries.

Governments evaluate the policies related to the purchase, registration, formulation, application, and disposal of pesticides. Government policies affect the demand and prices of pest control products. For instance, in the US, the use of pest control products is monitored by the EPA (Environmental Protection Agency) at a national level. It is subject to further regulation by state-level authorities.

By mode of application, powder witnesses increased demand from the residential sector

Powder is a popular form of insecticide used by pest control service providers. It is primarily used in the control of common pests such as ants, beetles, and cockroaches. The active ingredient differs based on the pests against which it is used. Common active ingredients such as cypermethrin and hydramethylnon are used in powder formulations. Powder formulations, even though effective, are also heavily regulated; for instance, hydramethylnon is classified by the US Environmental Protection Agency (EPA) as a potential carcinogen despite its minimal risk to humans; however, strict guidelines are to be followed by service providers to minimize the risk to humans and the surrounding environment. Powder formulations can be deployed for use in residential, commercial, and other settings, including transport facilities, to reduce or eliminate pest infestations.

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North America dominates the pest control market

The pest control market is dominated by a few pest control service providers such as Rollins, ServiceMaster Global Holdings, Rentokil Initial, and Ecolab. Apart from these major players, there are many local players in the market. Many major players are acquiring or collaborating with local players to increase their market shares, enhance their service portfolios, and strengthen their presence.

For instance, on 1st March 2019, Rentokil Steritech (US) acquired Virginia-based Loyal Termite & Pest Control (US). It would help Rentokil to expand its service in Virginia. Insects are the most found pests in the region. With increasing temperatures, the problem of bed bug infestation and termite infestation has increased in the North American region. The US is the dominant market in North America. Consumption of pest control products in the US is comparatively higher than in other countries. Although the diversity of termites in the US is low compared to other regions, globally, due to increasing temperatures, termite colonies have been spreading across the US.

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Monday, February 6, 2023

Pest Control Market to Showcase Continued Growth in the Coming Years

The global Pest Control Market is predicted to progress rapidly at a CAGR of 5.1% to reach USD 29.1 billion by 2026. The global market was estimated to be valued at USD 22.7 billion in 2021.

Pest Control Market

Pest management includes controlling infestations of insects, animals, germs, or other organisms that damage property, destroy food crops, and adversely affect the environment. Pest control eradicates or minimizes a wide range of undesirable insects and other pests from areas used for protective purposes, using chemicals, technologies, special equipment, and other safety measures. Various chemical, mechanical, biological, and digital solutions control different types of pests. Additionally, since pesticide solutions are toxic, pest control technicians must be acquainted with safety measures and proper usage.

Opportunities: Adoption of Artificial Intelligence (AI) in pest control

Artificial intelligence (AI) implementation in pest control has been rising because of the low service cost and its operation in remote, along with difficult-to-access locations continuously without interrupting the operations of the facility. The demand for digital pest control solutions is rising because service-provider companies use AI-based image-recognition technology to identify and treat various bugs and vermin.

App-based bug identification helps quick identification and effective remediation solutions for efficiently implementing proper treatment plans, including proper chemicals and recommendations for homeowners. Convenience and timesaving are the two prime advantages provided by the incorporation of AI in pest control. The use of machine learning software assists in identification process optimization.

North America dominates the pest control market.

The pest control market is dominated by a few pest control service providers such as Rollins, ServiceMaster Global Holdings, Rentokil Initial, and Ecolab. Apart from these major players, there are many local players in the market. Many major players are acquiring or collaborating with local players to increase their market shares, enhance their service portfolios, and strengthen their presence.

What is giving growth to pest control market?

For instance, on 1st March 2019, Rentokil Steritech (US) acquired Virginia-based Loyal Termite & Pest Control (US). It would help Rentokil to expand its service in Virginia. Insects are the most found pests in the region. With increasing temperatures, the problem of bed bug infestation and termite infestation has increased in the North American region. The US is the dominant market in North America. Consumption of pest control products in the US is comparatively higher than in other countries. Although the diversity of termites in the US is low compared to other regions, globally, due to increasing temperatures, termite colonies have been spreading across the US.

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Tuesday, November 15, 2022

Pest Control Market to Showcase Continued Growth in the Coming Years

The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026" estimated at USD 22.7 billion in 2021; it is projected to grow at a CAGR of 5.1% to reach USD 29.1 billion by 2026.
 
Pest Control Market
 
 
Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.
 
Insects sub-segment in by pest type segment is estimated to account for the largest share in the pest control market.
 
There are more than a million described species of insects, with 90% of all animal forms on earth consisting of insects. Insects such as mosquitoes, ants, cockroaches, and tiny moths destroy household materials and may cause ill-effects on the human body. Of the different types of insects, certain species are classified as pests and are controlled using chemicals, biologicals, and other mechanical means. The use of chemicals is the mainstream method to reduce losses caused by insect pests. Thus they are estimated to dominate the by pest type segment.
 
In by control method segment, the software and services sub-segment is projected to account for the fastest market growth in the pest control market.
 
The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.
 
Sprays sub-segment by mode of application is projected to account for the largest market share of the pest control market over the forecast period.
 
Spray-based pest control solutions incorporate a liquid formulation which is deployed either in an aerosol form, or a pressurized spray container. The spraying requirements may differ based on the pest type, climate conditions in the region, and the type of chemical used. Spray formulations are used to control a wide array of pests, including flies, cockroaches, ants, scorpions, silverfish, spiders, bed bugs, and ticks. Residual sprays are considered effective as the pesticides are mixed with adjuvants such as surfactants, which allow the pesticide to remain in contact with the infested area or insect body for a limited time.
 
Industrial sub-segment by application is projected to account for the fastest market growth in the pest control market over the forecast period.
 
Pest control in factories and manufacturing units is mandatory in the US. The mandate may differ on a case-by-case basis. For instance, pest control requirements in pharmaceutical and food manufacturing units are stringent to prevent any type of contamination in the product. In industrial facilities, factories, and manufacturing plants, certain birds cause serious problems as they may get caught in the machinery or dig holes in the roofs. The rapid urbanization globally is driving the market growth of the segment.
 
 
North America is estimated to dominate the global pest control market over the forecast period.
 
According to reports by major service providers, Rentokil Initial Plc (UK) and Anticimex (Sweden), North America occupies nearly 50% of the global pest control market. This is attributed to the increase in the number of services available in the US and a high rate of urbanization in the US and Canada. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. These factors are driving the market in the region.
 

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Monday, September 19, 2022

Growth Strategies Adopted by Major Players in the Pest Control Market

The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026", The global pest control market size is estimated to be valued at USD 22.7 billion in 2021. It is projected to reach USD 29.1 billion by 2026, recording a CAGR of 5.1% during the forecast period. The increase in disease outbreaks and the effect of climate change on pest proliferation encourage the adoption of pest control products.
 
Pest Control Market
 
 
Key players in this market include Bayer AG (Germany), BASF (Germany), FMC Corporation (US), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), and Corteva Agriscience (US).
 
Bayer AG is a global company with its core competencies in the life sciences field of health care and agriculture. It operates through three segments—pharmaceuticals, consumer health, and crop science. Bayer CropScience’s division, Environmental Science, offers two categories–Professional pest management and Vector management. The environmental science business offers a broad portfolio of highly effective sprays, baits, and other pest control products that have chemical or biological modes of action. In November 2020, Bayer CropScience partnered with BigHaat, which is a leading agricultural-input-e-commerce platform that will enable the delivery of Bayer’s seeds and crop protection products at the farmer’s doorsteps. Bayer has also partnered with XAG in February 2020 to bring, promote, and commercialize digital farming technology in Southeast Asia & Pakistan (SEAP).
 
Syngenta AG, an agribusiness company, engages in the discovery, development, manufacture, and marketing of a range of products designed to enhance crop yield and food quality worldwide. It operates through two business segments—crop protection and seeds. Syngenta is a wholly-owned subsidiary of ChemChina (China), which it acquired in 2017. Syngenta AG emerged through the mergers between the agribusinesses of Novartis AG (Switzerland) and AstraZeneca (Switzerland) in 2000. In February 2021, Syngenta Crop Protection also collaborated with artificial intelligence (AI) and deep learning company, Insilico Medicine, to speed up the invention and development of new, effective crop protection solutions that protect crops from diseases, weeds, and pests and is also sustainable.
 
Corteva Agriscience is the only prominent company, which is completely dedicated to agriculture. In 2011, Dow and DuPont announced a definitive agreement, under which these companies would merge and subsequently spin-off into three independent companies, i.e., Dow, DuPont, and Corteva Agriscience. In June 2019, Corteva Agriscience separated from DowDuPont and became a standalone company. The company operates through two business segments: Seed and crop protection. In February 2021, Corteva has collaborated with simbiose agro, the largest producer of microbiological technologies in Brazil, for the benefit of Brazilian farmers. The collaboration of Corteva Agriscience with the Potato Council of Kenya in September 2020, will help farmers to improve their yields. The improved technologies will show farmers how to increase potato yields using crop protection solutions, quality seed, resilient and improved varieties, pest and disease management, good hilling technologies, post-harvest management, and record-keeping.

The North American pest control market is projected to be the largest between 2021 and 2026, while the Asia Pacific market is projected to grow at the highest CAGR. North America was the largest consumer of pest control in 2020. It is still the largest market for pest control, with 50.6% of the market share. There are over 20,000 pest control companies in North America, with an average of six technicians in each company. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties.

Tuesday, July 5, 2022

Pest Control Market Projected to Garner Significant Revenues by 2026

The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026" estimated at USD 22.7 billion in 2021; it is projected to grow at a CAGR of 5.1% to reach USD 29.1 billion by 2026.



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Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.

 

Insects sub-segment in by pest type segment is estimated to account for the largest share in the pest control market.

 

There are more than a million described species of insects, with 90% of all animal forms on earth consisting of insects. Insects such as mosquitoes, ants, cockroaches, and tiny moths destroy household materials and may cause ill-effects on the human body. Of the different types of insects, certain species are classified as pests and are controlled using chemicals, biologicals, and other mechanical means. The use of chemicals is the mainstream method to reduce losses caused by insect pests. Thus they are estimated to dominate the by pest type segment.

 

In by control method segment, the software and services sub-segment is projected to account for the fastest market growth in the pest control market.

 

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.

 

Sprays sub-segment by mode of application is projected to account for the largest market share of the pest control market over the forecast period.

 

Spray-based pest control solutions incorporate a liquid formulation which is deployed either in an aerosol form, or a pressurized spray container. The spraying requirements may differ based on the pest type, climate conditions in the region, and the type of chemical used. Spray formulations are used to control a wide array of pests, including flies, cockroaches, ants, scorpions, silverfish, spiders, bed bugs, and ticks. Residual sprays are considered effective as the pesticides are mixed with adjuvants such as surfactants, which allow the pesticide to remain in contact with the infested area or insect body for a limited time.

 

Industrial sub-segment by application is projected to account for the fastest market growth in the pest control market over the forecast period.

 

Pest control in factories and manufacturing units is mandatory in the US. The mandate may differ on a case-by-case basis. For instance, pest control requirements in pharmaceutical and food manufacturing units are stringent to prevent any type of contamination in the product. In industrial facilities, factories, and manufacturing plants, certain birds cause serious problems as they may get caught in the machinery or dig holes in the roofs. The rapid urbanization globally is driving the market growth of the segment.

 

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North America is estimated to dominate the global pest control market over the forecast period.

 

According to reports by major service providers, Rentokil Initial Plc (UK) and Anticimex (Sweden), North America occupies nearly 50% of the global pest control market. This is attributed to the increase in the number of services available in the US and a high rate of urbanization in the US and Canada. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. These factors are driving the market in the region.

 

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Thursday, June 2, 2022

Upcoming Growth Trends in the Pest Control Market

 The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026" estimated at USD 22.7 billion in 2021; it is projected to grow at a CAGR of 5.1% to reach USD 29.1 billion by 2026.



Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.

 

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Insects sub-segment in by pest type segment is estimated to account for the largest share in the pest control market.

 

There are more than a million described species of insects, with 90% of all animal forms on earth consisting of insects. Insects such as mosquitoes, ants, cockroaches, and tiny moths destroy household materials and may cause ill-effects on the human body. Of the different types of insects, certain species are classified as pests and are controlled using chemicals, biologicals, and other mechanical means. The use of chemicals is the mainstream method to reduce losses caused by insect pests. Thus they are estimated to dominate the by pest type segment.

 

In by control method segment, the software and services sub-segment is projected to account for the fastest market growth in the pest control market.

 

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.

 

Sprays sub-segment by mode of application is projected to account for the largest market share of the pest control market over the forecast period.

 

Spray-based pest control solutions incorporate a liquid formulation which is deployed either in an aerosol form, or a pressurized spray container. The spraying requirements may differ based on the pest type, climate conditions in the region, and the type of chemical used. Spray formulations are used to control a wide array of pests, including flies, cockroaches, ants, scorpions, silverfish, spiders, bed bugs, and ticks. Residual sprays are considered effective as the pesticides are mixed with adjuvants such as surfactants, which allow the pesticide to remain in contact with the infested area or insect body for a limited time.

 

Industrial sub-segment by application is projected to account for the fastest market growth in the pest control market over the forecast period.

 

Pest control in factories and manufacturing units is mandatory in the US. The mandate may differ on a case-by-case basis. For instance, pest control requirements in pharmaceutical and food manufacturing units are stringent to prevent any type of contamination in the product. In industrial facilities, factories, and manufacturing plants, certain birds cause serious problems as they may get caught in the machinery or dig holes in the roofs. The rapid urbanization globally is driving the market growth of the segment.

 

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North America is estimated to dominate the global pest control market over the forecast period.

 

According to reports by major service providers, Rentokil Initial Plc (UK) and Anticimex (Sweden), North America occupies nearly 50% of the global pest control market. This is attributed to the increase in the number of services available in the US and a high rate of urbanization in the US and Canada. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. These factors are driving the market in the region.


Key Market Players:


The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Thursday, April 14, 2022

Pest Control Market to See Major Growth by 2026

The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026" estimated at USD 22.7 billion in 2021; it is projected to grow at a CAGR of 5.1% to reach USD 29.1 billion by 2026.





Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.

Insects sub-segment in by pest type segment is estimated to account for the largest share in the pest control market.

There are more than a million described species of insects, with 90% of all animal forms on earth consisting of insects. Insects such as mosquitoes, ants, cockroaches, and tiny moths destroy household materials and may cause ill-effects on the human body. Of the different types of insects, certain species are classified as pests and are controlled using chemicals, biologicals, and other mechanical means. The use of chemicals is the mainstream method to reduce losses caused by insect pests. Thus they are estimated to dominate the by pest type segment.

In by control method segment, the software and services sub-segment is projected to account for the fastest market growth in the pest control market.

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.

Sprays sub-segment by mode of application is projected to account for the largest market share of the pest control market over the forecast period.

Spray-based pest control solutions incorporate a liquid formulation which is deployed either in an aerosol form, or a pressurized spray container. The spraying requirements may differ based on the pest type, climate conditions in the region, and the type of chemical used. Spray formulations are used to control a wide array of pests, including flies, cockroaches, ants, scorpions, silverfish, spiders, bed bugs, and ticks. Residual sprays are considered effective as the pesticides are mixed with adjuvants such as surfactants, which allow the pesticide to remain in contact with the infested area or insect body for a limited time.

North America is estimated to dominate the global pest control market over the forecast period.

According to reports by major service providers, Rentokil Initial Plc (UK) and Anticimex (Sweden), North America occupies nearly 50% of the global pest control market. This is attributed to the increase in the number of services available in the US and a high rate of urbanization in the US and Canada. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. These factors are driving the market in the region.


Key Market Players:

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Wednesday, April 6, 2022

Factors Driving the Pest Control Market

The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026" The global pest control market is projected to reach USD 29.1 billion by 2026, from USD 22.7 billion in 2021, at a CAGR of 5.1% during the forecast period. Increasing awareness about environmental pollution and public health concerns caused by vector-borne diseases are the major factors driving the demand for pest control services across the globe. With the increase in population, there is also increased pressure on limited resources, resulting in overexploitation and environmental degradation. The degradation of the ecosystem leads to global warming and temperature rise, which are expected to enhance the survival capability of pests across different seasons indirectly. Global warming has been an important factor in the movement of tropical pests away from the equatorial region.



Opportunities: Adoption of Artificial Intelligence (AI) in pest control

The adoption of various trending technologies, such as AI, has been on the rise due to the low service cost and its operation in remote and difficult-to-access locations continuously without interrupting the operation of the facility. Hence, the demand for digital pest control solutions is projected to grow considerably in the coming years. Pest control service companies, such as Rentokil, are using AI-based image-recognition technology to identify and treat various types of bugs and vermin. Some of the company's pest control technicians are using an Android mobile app developed by Accenture to identify bugs. When its technician witnesses an increase in a type of bug or rodent, he/she can take a picture of the pest and use the app, PestID. The picture is then sent to Google’s image classification and machine learning software to run through several pest images and identify the intruder. When a positive identification is made, the app immediately provides remediation solutions to help the technicians decide the treatment plans, including proper chemicals and recommendations for homeowners. Since AI has helped in reducing the frequency of technician visits, thus resulting in low service cost and ultimately higher adoption in the future.

Challenges: Growth in pest resistance against chemical compounds

Even though insects are effectively controlled by the application of chemicals, these insect species can develop resistance to insecticides when exposed to a larger dose of these active ingredients frequently. For instance, flies are known to have developed high resistance against all types of insecticides due to the improper handling of pesticides. According to the Center for Integrated Pest Management, over 600 species of pests have developed resistance to chemical compounds. This has encouraged the use of biocontrol products and alternative measures, including crop rotation, to prevent pests from building any resistance.

By mode of application, the traps segment is the fastest growing segment in the market during the forecast period

Traps are among the oldest forms of pest control and can be used to control certain forms of insects as well as wildlife pests. The different types of traps include glue traps, rat traps, mesh, mousetraps, cages, and snare traps. Traps are among the more popular solutions as they are inexpensive and can often be used multiple times. While most of these traps require manual handling, there have been developments with respect to a newer generation of traps that employ a higher degree of digital components. Modern rodent management systems such as the Rodent Monitoring System (RMS) from Bayer incorporates radio signals and server commands that inform the facility manager when a rodent is caught.

By control method, software & services segment is the fastest growing segment in the market during the forecast period

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. One of the key software & service providers is Rentokil, which offers PestConnect that includes a range of IoT-enabled pest-control devices that allows the monitoring of food processing facilities with maximum efficiency and minimum effort. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.


Asia Pacific region is projected to witness the highest growth in the pest control market by 2026.

The Asia Pacific region is among the fastest-growing regions for pest control. The region’s high concentration of urban population and urbanization poses a strong potential for pest control service providers. The effects of climate change and in certain cases, the negligence toward sanitary conditions in urban slums has resulted in multiple disease outbreaks. Improvements in legislation and policies surrounding the requirement of pest control have benefitted pest control service providers in the Asia Pacific region. Additionally, the region has also been susceptible to many pest-borne disease outbreaks in the last two decades. From the last quarter of 2015, there has been a significant number of cases related to Zika virus in the region. Zika virus is a mosquito transmitted Flavivirus and has been detected in several countries in the Asia Pacific region, which include Thailand, the Philippines, Malaysia, Vietnam, and Indonesia. According to a WHO report (October 2016), the Asia Pacific region is highly likely to continue to report new cases and possibly new outbreaks of Zika virus. Thus, with increasing outbreaks of diseases due to insects, the demand for pest control services is projected to increase in the region.

The key service providers in this market include Terminix (US), Ecolab (US), Rollins Inc. (US), Rentokil Initial Plc (UK), and Anticimex (Sweden). The pesticide suppliers in the pest control market include Bayer AG (Germany), BASF (Germany), Syngenta AG (Switzerland), Sumitomo Chemicals Co. Ltd. (Japan), ADAMA (Israel), FMC Corporation (US), Corteva Agriscience (US), PelGar International (UK), and Bell Laboratories (US).

Monday, October 25, 2021

Pest Control Market Growth Opportunities by 2026

The overall pest control market is projected to grow from USD 22.7 billion in 2021 to USD 29.1 billion by 2026, at a CAGR of 5.1%. The rise in the popularity of pest control solutions can be attributed to the increasing scope of urbanization in developing markets and the emergence of megacities, which host over 15-20 million residents. Markets such as China and India are among the key markets targeted by pest control service providers and pesticide suppliers due to their high population density and a large middle-class population that is adopting pest control services in the region.




Drivers: Rising adoption of digital applications and technology

One of the most important aspects of food safety in the global food supply chains is pest control. The changes in the way food are produced, sourced, and distributed, along with climate changes, have led to an increase in risks of food safety from pests. In addition, more stringent regulations for food safety and changes in consumer demands are the key factors that are projected to encourage food producers/manufacturers to find more efficient and sustainable ways to ensure food quality and safety. Changes in consumer habits, such as online shopping, have led to an increase in the use of automation in the supply chain, which allows pests to thrive where there are few or no humans around to notice pest infestations or deter pests, such as rats and mice. Thus, pest control manufacturers are adopting greener and smarter pest control solutions.

Nowadays, IoT has been a trending technology that helps in the remote monitoring and control of pests. IoT technology allows businesses in the food sector to address these food safety challenges. IoT devices can monitor and report pest activity in real-time and collect data that provides new insights into pest behavior that can help improve pest control and food safety.

Opportunities: Adoption of Artificial Intelligence (AI) in pest control

The adoption of various trending technologies, such as AI, has been on the rise due to the low service cost and its operation in remote and difficult-to-access locations continuously without interrupting the operation of the facility. Hence, the demand for digital pest control solutions is projected to grow considerably in the coming years. Pest control service companies, such as Rentokil, are using AI-based image-recognition technology to identify and treat various types of bugs and vermin. Some of the company's pest control technicians are using an Android mobile app developed by Accenture to identify bugs. When its technician witnesses an increase in a type of bug or rodent, he/she can take a picture of the pest and use the app, PestID. The picture is then sent to Google’s image classification and machine learning software to run through several pest images and identify the intruder. When a positive identification is made, the app immediately provides remediation solutions to help the technicians decide the treatment plans, including proper chemicals and recommendations for homeowners. Since AI has helped in reducing the frequency of technician visits, thus resulting in low service cost and ultimately higher adoption in the future.

By control method, software & services segment is the fastest growing segment in the pest control market during the forecast period

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. One of the key software & service providers is Rentokil, which offers PestConnect that includes a range of IoT-enabled pest-control devices that allows the monitoring of food processing facilities with maximum efficiency and minimum effort. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.

Increasing rates of urbanization and growing middle-class population drive pest control demand in residential applications.

The pest control market is segmented on the basis of application into commercial, residential, livestock, industrial, and others. The residential segment is witnessing a surge in demand for pest control services for the containment of cockroaches, bed bugs, mosquitoes, and termites. Dust control is recommended for residential areas and home applications. Baits are also used for indoor and outdoor applications in residential areas. Also, insecticide aerosols are recommended for small buildings or nearby areas. The common forms of pests found in the residential areas include rodents, cockroaches, termites, bed bugs, ticks, lice, and wildlife pests such as raccoons, opossums, moles, and gophers. The available solutions for residential areas include chemical spraying, baits, and aerosols. In cases of high levels of infestation, fumigation is used to exterminate the pests.


Asia Pacific region is projected to witness the highest growth in the pest control market by 2026.

The Asia Pacific region is among the fastest-growing regions for pest control. The region’s high concentration of urban population and urbanization poses a strong potential for pest control service providers. The effects of climate change and in certain cases, the negligence toward sanitary conditions in urban slums has resulted in multiple disease outbreaks. Improvements in legislation and policies surrounding the requirement of pest control have benefitted pest control service providers in the Asia Pacific region. Additionally, the region has also been susceptible to many pest-borne disease outbreaks in the last two decades. From the last quarter of 2015, there has been a significant number of cases related to Zika virus in the region. Zika virus is a mosquito transmitted Flavivirus and has been detected in several countries in the Asia Pacific region, which include Thailand, the Philippines, Malaysia, Vietnam, and Indonesia. According to a WHO report (October 2016), the Asia Pacific region is highly likely to continue to report new cases and possibly new outbreaks of Zika virus. Thus, with increasing outbreaks of diseases due to insects, the demand for pest control services is projected to increase in the region.



The key service providers in this market include Terminix (US), Ecolab (US), Rollins Inc. (US), Rentokil Initial Plc (UK), and Anticimex (Sweden). The pesticide suppliers in the pest control market include Bayer AG (Germany), BASF (Germany), Syngenta AG (Switzerland), Sumitomo Chemicals Co. Ltd. (Japan), ADAMA (Israel), FMC Corporation (US), Corteva Agriscience (US), PelGar International (UK), and Bell Laboratories (US).