Chicago, Sept. 22, 2022 (GLOBE NEWSWIRE) — According to Arizton’s latest research report, the baited insect trap market is expected to grow at a CAGR of approximately 7% during the period 2022-2027. Growing consumer awareness of insect baited traps among residential and commercial customers will provide tremendous growth opportunities for insect baited trap sellers worldwide. Rising disposable income of the middle class consumer segment and introduction of healthy lifestyle habits will also accelerate the demand for baited insect traps. The market is also relatively well established in developed economies such as the United States, owing to the high awareness of precautionary measures to prevent pest infestations.
Scope of the Baited Insect Traps Market Report
|MARKET SIZE (2027)||$734.04 million|
|MARKET SIZE (2021)||$512.34 million|
|CAGR (2022-2027)||More than 6%|
|YEAR OF REFERENCE||2021|
|MARKET SEGMENTS||Bait type (gel and paste baits, granular baits and liquid baits), pest type (cockroaches, ants, moths and flies, bed bugs and others), end user (commercial (hotels, hospitals, commercial storage, agriculture and others), residential and others and distribution channel (offline and online)|
|GEOGRAPHICAL ANALYSIS||North America, Europe, APAC, Middle East and Africa, Latin America and UK|
|COUNTRIES COVERED||United States, Canada, Germany, France, Spain, Italy, China, Australia, India, Japan, South Korea, Saudi Arabia, South Africa, United Arab Emirates, Mexico, Brazil and Argentina|
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How do sellers prepare to dominate the market?
In the global baited insect traps market, vendors are competing fiercely to attract more customers. In the pest and termite control markets, the most strategic approach is to emphasize operational quality, proximity to consumers, warranty terms, technological expertise and price. Many vendors focus on adjusting and optimizing their specific value propositions to achieve a strong market presence. In developed countries such as the United States and other Western European countries, consumer penetration is high, although the market is at a promising stage in emerging economies such as China and India, due to the entry of many foreign brands into these countries and the increased understanding of hygiene among end users.
Arizton believes that international players would grow inorganically by acquiring regional or local players in the future. In addition, companies with better technical and financial resources can develop innovative products, which could pose a threat to competitors’ products and render their products and services uncompetitive or even obsolete, before they can recoup the costs of promotion and marketing. marketing. Therefore, vendors must develop new and innovative products and stay well-informed about upcoming trends to gain a competitive advantage over their competitors in the market.
Businesses around the world incur operating costs of over $10 billion to control pests and therefore the effectiveness of pesticides is critical in exterminating pests and preventing pest infestations. Although from a revenue or volume perspective the impact on the market is minimal, from a brand perspective these factors have an impact on the vendors in the market. There has been a huge increase in demand for new pesticides that can easily kill unwanted organisms and pests that have become resistant to pesticides, which is expected to drive the demand for baited insect traps.
“Browse through the Global Baited Insect Traps Market report over 225 pages comprising 121 tables and 85 exhibits to develop an in-depth understanding of the market.
The Global Baited Insect Traps market report covers the forecast years between 2022-2027 and the base year 2021. The market is segmented by bait type, pest type, end user, distribution channel and geography for the years considered. The report provides a holistic approach to the global Insect Bait Traps market enabling clients to effectively analyze the market.
“For further information and market clarification, a discussion with the analyst can be arranged at the client’s feasibility.”
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- Spectrum Marks
- catch master
- PF Harris
- Fujian Blue-touch Products
- Earth Society
- SC Johnson
Type of bait
- Gel and paste baits
- Granular baits
- Liquid baits
Type of pest
- Moths and flies
- Drawing pins
- Commercial storage
- North America
- South Korea
- Middle East and Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Latin America
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