Newark, April 27, 2022 (GLOBE NEWSWIRE) — According to report by The Brainy Insights, the global insect pest control market is expected to grow from $15.23 billion in 2020 to $25.28 billion by 2030, growing at a CAGR of 5.2% over the forecast period 2021-2030.
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The use of chemicals to kill insects is known as pest control. Pest management is the process of using various strategies to control and manage pest control. Plant production, trees and wood, as well as citizens, are all protected by this method. Parasites are unwanted organisms that can harm humans and their property. In industries such as food and hospitality, pest control solutions are essential for maintaining a sanitary environment for fly and mosquito control. This market is necessary to protect customers against diseases such as dengue fever, malaria and the Zika virus. Insect pest control is most widely used in the commercial and industrial sector due to the growing need for professional pest control solutions, especially in the food manufacturing and hospitality sectors, to maintain a hygienic environment for control of cockroaches, bed bugs, flies and mosquitoes.
Government laws on food sanitation, public health, and environmental health, along with increased public awareness, are driving the insect pest control market; the requirement to improve the quality of service to customers is likely to give impetus to innovative pest control solutions. Rising concern over vector-borne disease outbreaks, along with the uneven effects of climate change on insect proliferation, is driving the global insect pest control market forward. New product developments and strategic collaborations among top companies striving for growth are some of the factors that are expected to drive the growth of the global market in the future.
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Major players operating in the global insect pest control market include Adama, BASF, Bayer, Ecolab, FMC Corporation, Rentokil Initial Group, Rollins, Inc., Sumitomo Chemical Co., Ltd., Syngenta, and Terminix, among others . To strengthen their position in the global Insect Pest Control market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.
• Vynyty Citrus, a new organic and pheromone-based crop protection product, was introduced in March 2021 by Bayer AG, a leading life sciences, health and nutrition company. It’s the first citrus pest control product on the market, and it’s made with natural pyrethrum and pheromones.
• To expand its market presence in the Asia-Pacific region, Rollins, Inc. acquired Aardwolf Pestkare Pte Ltd., a pest control company in Singapore, in July 2018.
The termite segment dominated the market with a market share of around 32% and a market value of around 4.87 billion in 2020.
The insect types segment is divided into termites, bed bugs, cockroaches, mosquitoes, flies, and ants. The termite segment dominated the market with a market share of around 32% and a market value of around 4.87 billion in 2020.
The organic segment is expected to grow at the fastest CAGR of 32% over the forecast period.
The control methods segment is divided into biological, chemical and physical. Over the forecast period, the organic segment is expected to grow at the fastest CAGR of 32%.
The commercial and industrial segment dominated the market, accounting for around 40% of global revenue and a market value of around $6.09 billion in 2020.
The application segment is divided into residential, commercial and industrial, livestock farms, other applications. The commercial and industrial segment dominated the market, accounting for around 40% of global revenue and a market value of around 6.09 billion in 2020. Due to the growing need for qualified pest control solutions, especially in the food manufacturing and hospitality sectors, to maintain a hygienic environment for the control of cockroaches, bed bugs, flies and mosquitoes, insect pest control is most widely used in the commercial and industrial sector.
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Regional Segment Analysis of Insect Pest Control Market
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, North America region has emerged as the largest market for the global insect pest control market with a market share of approximately 36.6% in 2020. During the forecast period, North America is expected to be the biggest market. The insect pest control market in North America is growing rapidly. Insect pest control in North America is dominated by the United States. More than 640,000 cases of insect-borne infections were reported in the United States between 2004 and 2016, according to the Centers for Disease Control and Prevention. Additionally, nine new germs spread by the bites of infected ticks and mosquitoes were discovered or imported into the United States during this time. As a result, the need for effective insect pest control technologies has increased dramatically in recent years.
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About the report:
The global insect pest control market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.
About The Brainy Insights:
The Brainy Insights is a market research company that provides businesses with actionable insights through data analytics to improve their business acumen. They have a robust forecasting and estimating model to achieve customer goals of high quality production in a short period of time. They provide both custom (customer specific) and syndicated reports. Their repository of union reports is diverse across all categories and subcategories of domains. Custom solutions are designed to meet customer requirements, whether they are looking to expand or planning to launch a new product in the global market.
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