Pest Control Market Forecasts to 2028 – Global Analysis By Type (Termites, Insects, and Other Types), Control Method (Chemicals, Biological and Other Control Methods), Mode of Application (Powder, Pellets and Other Mode of Applications), Application and B

Pest Control Market Forecasts to 2028 – Global Analysis By Type (Termites, Insects, and Other Types), Control Method (Chemicals, Biological and Other Control Methods), Mode of Application (Powder, Pellets and Other Mode of Applications), Application and By Geography

According to Stratistics MRC, the Global Pest Control Market is accounted for $24.35 billion in 2022 and is expected to reach $35.13 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Pest insects are a problem in all spheres of human endeavour. Pests are exceedingly tenacious and invasive. These insects are more deadly because they have developed and inherited resistance to the chemical weapons used to combat them. Customers in the market are anticipated to be more inclined toward pest control services, coupled with preventative steps to avert the possible damage, in order to avoid the worst case situation.

According to the Entomological Society of America (ESA), insects incur control costs of over USD 2.5 billion and cause economic damages to crops, lawns, forests, and pastures of about USD 18 billion per year. In a statement from the World Health Organization, Goulson and colleagues calculated a potential rise in fly populations of 244% by 2080, relative to current levels, using previously predicted values for warmer temperatures.

Market Dynamics:

Driver:

Rising adoption of digital applications and technology

Throughout the whole global food supply chain, pest management is crucial to ensuring the safety of the food. Within the supply chain, automation and a sustainable approach have become more important. The demand for pest management services from customers has led to a sharp rise in the number of service providers in the pest control industry in recent years. With the aid of digital technologies and traps, such as motion sensors and automated traps, pest control service providers have expanded the range of services they offer from control, extermination, and prevention to monitoring and suppression. Digital pest management technologies, like the Pest Connect line of IoT-enabled pest-control equipment from companies like Rentokil Initial PLC, provide for the most effective and effortless monitoring of food processing facilities.

Restraint:

High registration costs and interminable time for product approval

The manufacturing processes and environments are subject to strict and stringent regulatory standards in the environmental protection sector. Additionally, they change depending on the legislation of each nation. Pest control, environmental protection, and health organisations in different countries all require registration before using pest control products. Governments assess the regulations governing the acquisition, formulation, use, and disposal of pesticides. The demand for and cost of pest control products are impacted by governmental policies. For instance, the Environmental Protection Agency (EPA) in the US keeps an eye on pest control product usage on a nationwide scale. Authorities at the state level are liable for additional regulation of it.

Opportunity:

Adoption of artificial intelligence (AI) in pest control

The use of artificial intelligence (AI) in pest control has increased due to the low cost of the service and the ability to operate constantly in remote and challenging-to-access regions without affecting the facility's operations. Because service-provider businesses use AI-based image-recognition technology to identify and treat different pests and vermin, the need for digital pest management solutions is increasing. In order to quickly identify bugs and implement remediation strategies that include the right chemicals and homeowner recommendations, app-based bug identification is helpful. Convenience and time savings are the two main benefits that AI integration in pest control offers. Machine learning software is used to optimise the identification process.

Threat:

Growth in pest resistance against chemical compounds

Chemical pest management is efficient, although extended doses and repeated exposure to chemicals lead to pest resistance, which reduces effectiveness. Over 600 pests are chemically resistant, according to the Center for Integrated Pest Management, which presents a problem for the pest management industry. A change in the demand for biological pest management techniques is the result of chemical resistance. The final cost of the next generation of pesticides is expected to rise due to the rise in insect resistance cases and hefty R&D expenses. When insects gain resistance more quickly, these new generation chemicals may also degrade into still another ineffective substance. Insecticide resistance threats can be reduced by using chemicals produced from plants, implementing integrated pest control strategies, and using professional pest management services.

Covid-19 Impact

The COVID-19 pandemic has had a negative impact on the world economy, resulting in a decline in GDP and a shift in global consumer purchasing patterns. However, the COVID-19 epidemic had a mixed impact on the worldwide pest control market. The COVID-19 pandemic has presented both new opportunities and new challenges for the major industry players. Due to areas that were badly afflicted by the coronavirus, there was variance in firm business; nonetheless, important players working in the pest control industry saw an overall improvement in the business. The main reasons for the business' growth were a change in the market's dynamics and support from the government, which began providing subsidies to the major players in the pest control industry.

The powder segment is expected to be the largest during the forecast period

The powder segment is estimated to have a lucrative growth, due to it is most common form of insecticide employed by companies that offer pest control services is powder. It is primarily used to get rid of ants, beetles, and cockroaches, three common pests. Depending on the pests it is used to combat, the active ingredient varies. Powder versions include typical active components such cypermethrin and hydramethylnon. For example, hydramethylnon is listed by the US Environmental Protection Agency (EPA) as a potential carcinogen despite having little risk to humans; however, service providers must adhere to strict guidelines to reduce the risk to people and the environment. To decrease or eliminate dust, powder formulations can be used in residential, commercial, and other environments, such as transportation facilities to reduce pest infestations.

The biological segment is expected to have the highest CAGR during the forecast period

The biological segment is anticipated to witness the fastest CAGR growth during the forecast period. Living creatures, such as parasites, bacteria, viruses, fungi, and other pests' natural enemies, carry out biological pest control. They have the benefits of leaving no harmful residue, being environmentally benign, and being cost-effective in addition to being specific to their intended target and not harming beneficial organisms in the process. For instance, STEM, a new pest control business, has insecticides and insect repellents on the market that use botanical ingredients. The insecticides and repellents produced by STEM use plant-derived active components including lemongrass, mint, and rosemary oils and don't have any additional dye, aroma, or strong chemical odour.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to an increase in the use of pest control in residential and commercial spaces, the Asia Pacific market is anticipated to have the quickest rate of revenue growth. The prevalence of mosquito-borne illnesses including dengue and malaria in developing nations is on the rise, which is fueling the expansion of this industry. The World Health Organization (WHO) reports an upsurge in dengue cases in various Asia Pacific nations. As a result, numerous producers are making investments to create novel items and satisfy consumer demand.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to improvements in pest control technology and the existence of significant market players in the region, including ADAMA, Bell Laboratories Inc., and others, the North American market had the greatest revenue share. Additionally, the North American market's quick expansion is linked to the rising need for more sophisticated pest management methods for agricultural fields. Additionally, new product introductions and improvements in pest management technology are fueling this region's expansion.

Key players in the market

Some of the key players profiled in the Pest Control Market include FMC Corporation, Bayer AG, Rollins Inc, Anticimex, BASF SE, Syngenta, Eco Environmental Services Ltd, Dodson Pest Control Inc, Rentokil Initial plc; Ecolab, NBC Environment, Eastern Pest Control, JG Pest Control, and Clean kill Pest Control., ADAMA.

Key Developments:

In March 2021, Bayer introduced Vynyty Citrus, a biological and pheromone-based crop protection product, which will control pests on citrus farms. Vynyty Citrus is a container with an active liquid inside. It is the only product in the market formulated with pheromones and natural pyrethrum to control pests in citrus fruits. Pheromones control pests by interfering with their mating behaviours, preventing their reproduction.

In February 2021, FMC Corporation collaborated with Novozymes to co-develop enzyme solutions that target fungal and insect pests as crop protection solutions.

In February 2021, Syngenta Group acquired a leading biological company, Valagro. It will help to strategize and provide farmers with more complementary product and technology choices.

In January 2021, ADAMA acquired a 51% stake in Huifeng’s commercial arm in China. It will allow it to enhance its commercial reach in the large Chinese crop protection market.

In January 2021, BASF started registering an insecticide active ingredient globally. The company submitted the regulatory dossiers for the Axalion insecticide in Australia and Korea. It is positioning itself to provide sustainable innovations for agriculture.

In January 2021, Rentokil Initial plc acquired Environmental Pest Service (‘EPS’), a full-service, commercial, and residential pest control company based in Florida.

Types Covered:
• Tubs, Termites
• Insects
• Rodents
• Wildlife
• Other Types

Control Methods Covered:
• Chemicals
• Biological
• Mechanical
• UV Radiation Devices
• Ultrasonic Vibrations
• Mesh Screens
• Software & Services
• Other Control Methods

Mode of Applications Covered:
• Powder
• Pellets
• Sprays
• Traps
• Baits
• Other Mode of Applications

Applications Covered:
• Industrial
• Commercial
• Domestic
• Storage & Transport Facility
• Agriculture
• Residential
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements