According to the most recent analysis by Emergen Research, the size of the worldwide pest control market was USD 22.91 billion in 2021 and is anticipated to grow at a revenue CAGR of 4.3% during the projected period. The expansion of urbanisation in developing markets and the establishment of megacities, which house over 15-20 million people, are responsible for the surge in popularity of pest control solutions. Due to their high population densities and sizable middle-class populations who are embracing pest management services in the region, markets like China and India are among the primary markets targeted by pest control service providers and pesticide suppliers.
With the growth in population, the rapid urbanisation, and the modifications in weather patterns, the problem of pest infestation has gotten worse. Global demand for pest management goods and services has risen as a result of this. Growing consumer awareness of hygiene and health issues has increased demand for pest management in the residential sectors. Additionally, the demand for pest management in these industries has expanded globally because to the rising government regulations on hygiene requirements in the commercial and industrial sectors. Pest control product manufacturers and service providers have created several cutting-edge pest management products to meet the growing need for pest control in a variety of industries.
The market is experiencing revenue growth due to the growing need for non-toxic, environmentally friendly, and more sustainable pest control techniques. One of the main issues for farmers that prevents them from increasing crop yield is pests. Additionally, nations like India lose roughly 25% of their crops annually to illnesses and pests.Additionally, pest controls boost farm productivity, reduce production losses, and safeguard crops during transport and storage. In addition, insecticides guard against termite and wood-boring insect damage to houses and other wooden structures including beds, stairways, and furniture.
Additionally, pest controls boost farm productivity, reduce production losses, and safeguard crops during transport and storage. In addition, insecticides guard against termite and wood-boring insect damage to houses and other wooden structures including beds, stairways, and furniture.
Some Key Highlights from the Report
Due to increased urbanisation and the rise of new infrastructure projects, the commercial category is anticipated to have a high revenue CAGR. The need for pest treatment in commercial and public spaces is rising due to the high economic and health hazards connected with pests. Additionally, expanding government pest management initiatives are propelling this sector’s revenue development.
Over the forecast period, the termites segment is anticipated to record a consistent revenue CAGR. The furniture and wood both suffer damage from these cellulose-eating insects. About 50 different species of termites are found in the United States, and inhabitants spend more than $1 billion on termite control chemicals annually, according to the United States Department of Agriculture (USDA). Additionally, homeowners spent an average of USD 3,000 on termite-related repairs, which increased demand for termite controllers and fueled this segment’s revenue growth.
Due to a rise in the demand for herbicides to eradicate weeds in agricultural lands, the North American market contributed the greatest revenue share in 2021. Additionally, growing demand for organic pesticides due to their lower chemical content and environmental friendliness is boosting the market in this area.
Bayer AG, BASF SE, Corteva, ADAMA, Syngenta, Bell Laboratories Inc., FMC Corporation, Ecolab, Rentokil Initial plc., Rollins, Inc., Truly Nolen, and Anticimex are a few of the significant firms mentioned in the global market study.
Best Agrolife Limited, an Indian agrochemical firm, bought Best Crop Science Pvt. on September 7, 2021. Ltd., a strong R&D-focused Indian corporation that produces the active chemicals needed for insecticides, fungicides, and herbicides. With the development of another technical production facility in Gajraula, Amroha district, Uttar Pradesh, Best Agrolife will be able to diversify its risk, improve its manufacturing base, and increase its capacity.
Emergen Research has segmented the global pest control market based on type, control methods, mode of application, application, and region:
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Termites
- Insects
- Mosquitoes
- Flies
- Cockroaches
- Ants
- Bed bugs
- Rodents
- Others
- Control Methods Outlook (Revenue, USD Billion; 2019–2030)
- Chemical
- Insecticides
- Herbicides
- Rodenticides
- Repellents
- Others
- Biological
- Plant-extracts
- Microbial
- Predatory insects
- Mechanical
- Light traps
- Adhesive traps
- Malaise traps
- Mesh screens
- UV radiation devices
- Ultrasonic vibrations
- Others
- Others
- Chemical
- Mode of Application Outlook (Revenue, USD Billion; 2019–2030)
- Powder
- Pellets
- Sprays
- Traps
- Others
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Industrial
- Commercial
- Domestic
- Storage & transport facility
- Agricultural
- Others
