Rising initiatives by governments in various countries around the world to improve food hygiene and preserve the environment are driving growth
NEW YORK CITY, NEW YORK, USA, August 8, 2022 /EINPresswire.com/ — The Global Insect Pest Control Market The size is expected to reach USD 23.77 billion in 2028 and register a CAGR of 5.4% over the forecast period, according to the latest report from Reports and Data. The use of insect pest control for the prevention of various dangerous diseases caused by insects is driving the market revenue growth.
Additionally, the rising demand for insect pest control services across various sectors such as commercial, industrial, residential, livestock farms, agricultural farms, and other applications will bolster the growth of the market during of the forecast period. Most insect pest control methods are useful for properly protecting crops, humans and animals from insects and pests that can cause damage. Pest control has undergone a drastic change due to the development of technology. Different types of biological control methods are present to control the harmful insects which, in turn, would drive the growth of the market.
The growing number of pests causing damage to crops and livestock has increased the demand for insect pest control services. This would help this market grow in the coming years. A large number of people migrating from villages to cities leads to an increase in population density and creates an unsanitary environment, which increases the number of different insects. Hence, the demand and awareness for insect pest control is increasing and helping to drive the growth of the market.
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Some key highlights of the report:
By application, the commercial and industrial segment accounted for the largest share of revenue in 2020. The growth of this segment is driven by the increasing adoption of insect pest control services as it has become necessary to prevent parasitic infections and to provide a professional environment for employees and customers in the trade. buildings. The advancement of pest control methods helps to control dangerous pests. This factor would contribute to the growth of the market.
By control methods, the chemical control methods segment contributed the largest share of revenue in 2020. The growth of this segment is driven by the ability to deliver better results and the low cost of chemical pesticides. Public awareness of these methods and the establishment of strict standards governing the use of many insect pest control solutions are also responsible for the growth of this segment.
The demand for insect pest control services is increasing due to the subsequent increase in the number of patients suffering from diseases such as malaria, dengue fever, cholera, salmonella and others. The growing need for precise pest control methods to prevent the spread of these dangerous diseases is also contributing to the growth of the market.
The North America insect pest control market accounted for the largest revenue share in 2020, attributed to rising cases of dengue fever and chikungunya, as well as strong pest control demand from the commercial and industrial and residential.
Some of the market players include Adama, Arrow Exterminators, BASF SE, Bayer AG, Ecolab, Ensystex, FMC Corporation, Rentokil Initial PLC, Rollins, Sumitomo Chemicals Syngenta, and The Terminix International Company LP.
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The Insect Pest Control market has been segmented into key regions globally and offers analysis of growth rate, market share, current and emerging trends, production and consumption ratio, analysis industry chain, demand and supply, import and export, revenue contribution, and the presence of key players in each region. Country-wise market analysis is offered in the report to better understand the regional spread and progress of the Insect Pest Control market.
Global Insect Pest Control Market is segmented into:
North America (United States, Canada, Mexico)
Europe (Italy, UK, Germany, France, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
More market segmentation
Insect Types Outlook (Revenue, USD Billion; 2018-2028)
Control Method Outlook (Revenue, USD Billion; 2018-2028)
Chemical control methods
Physical control methods
Biological control methods
Application Outlook (Revenue, USD Billion; 2018-2028)
Commercial & Industrial
Key questions addressed in the report:
What are the dominant factors influencing the growth of the industry?
During the forecast period, which market segment is expected to grow the most?
What are the risks and challenges facing the industry?
In the coming years, which area is expected to dominate the market?
Who are the main market players?
What kinds of strategic business plans have they developed?
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