Pest Control Market 33.83 Billion US Dollars Research Report Including Industry Outlook and Key Players Analysis By 2030
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 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.
However, the excessive and improper use of pesticides on productive lands has resulted in issues including pest resistance development, environmental deterioration, tainted food, and soil contamination. Additionally, the excessive use of chemical pest controllers, which leaves residues in soil and water, is anticipated to restrain market expansion.
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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.
On September 7, 2021, Best Agrolife Limited, an Indian agrochemical company, bought Best Crop Science Pvt. Ltd., another Indian business with significant R&D efforts in the production of 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)
- Bed bugs
Control Methods Outlook (Revenue, USD Billion; 2019–2030)
- Predatory insects
- Light traps
- Adhesive traps
- Malaise traps
- Mesh screens
- UV radiation devices
- Ultrasonic vibrations
Mode of Application Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
- Storage & transport facility
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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