Key Players And Competitive Landscape In The Insect Pest Control Sector

By Author: MarketsandMarkets
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Insect pest control refers to the management and regulation of insects that pose a threat to crops, livestock, humans, or the environment. It involves various strategies aimed at minimizing or eliminating the damage caused by insect pests. These strategies can include biological, chemical, cultural, and physical methods. The insect pest control market size is projected to grow from USD 12.3 billion in 2021 growing a CAGR of 5.1% to reach USD 15.8 billion by 2026. Various factors have played a major role in driving the market growth across the globe.

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Insect pest control products find applications in diverse end-user industries, including residential buildings, commercial and non-commercial institutions, livestock, and the industrial sector. The demand for pest control ...
... is primarily driven by bulk end-users such as hospitals, airports, hotels, offices in commercial establishments, factories, and manufacturing plants. Additionally, non-commercial institutions, storage and transport facilities, and public landscapes are also contributing positively to the market. Prominent companies in various industries, including Hilton, ITC, General Mills, and Nestlé, require pest control services, particularly in their kitchens.

North America is projected to account for the largest market during the forecast period

The North American insect pest control market has been experiencing significant growth. The US acquired the largest share of the North American insect pest control market. According to the Centers for Disease Control and Prevention (CDC), between 2004 and 2016, more than 640,000 cases of insect-borne diseases were reported in the US. Additionally, during this period, nine new germs spread by bites from infected mosquitoes and ticks were discovered or introduced in the US. As a result, the demand for effective pest control methods has significantly increased in recent years.

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

In terms of control method, market is segmented into various methods, namely as, chemical, physical, and biological. Chemical control methods include chemicals of various classes such as chlorinated hydrocarbon, 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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Top Companies in the Insect Pest Control Market

• Bayer (Germany)
• BASF (Germany)
• Sumitomo Chemical (Japan)
• Korea Henkel home care Co. Ltd. (Korea)
• FMC Corporation (US)
• Syngenta (Switzerland)
• ADAMA (Israel)
• Rentokil Initial Group (UK)
• Terminix (US)
• Rollins, Inc. (US)