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Insect Pest Control Market by Insect Type, Control Method, Application And Region - Global Forecast to 2023

Insect Pest Control Market: Global Forecast until 2023

  • April 2018
  • 188 pages
  • ID: 4985913
In this report:
By 2050, the number of people living in urban areas is expected to grow to ##% in Asia, ##% in Latin America, and ##% in Africa.
Due to the growing demand from the residential sector, ant and termite control are projected to grow at high CAGRs of ##.##% and ##.##%, respectively, from 2017 to 2023.
According to Global Construction Perspectives and Oxford Economics (GCP), the global construction output will grow by ##% to USD ##.## trillion by 2030.

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The insect pest control market is estimated to rise at a compound annual growth rate of ~5.1 percent

The overall insect pest control market is expected to grow significantly from ~$13.1B in 2017 to ~$17.6B by 2023, increasing at a compound annual growth rate (CAGR) of ~5.1 percent. The insect pest control market is influenced by government regulations on food hygiene, public health, and environmental health and the increasing public awareness; the need to enhance service quality for clients is anticipated to provide an impetus for innovative pest control solutions. Lack of skilled technicians and delayed regulatory approval process for chemical products in distinct applications (including residential, commercial, and industrial areas) have been considered as restraining factors for the sector.

Commercial & industrial segment controled the insect pest control market

The profound need for professional pest control solutions has been significant among customers in this industry, especially for food manufacturing and hospitality markets in urban areas, to preserve a hygienic environment for the control of cockroaches, bedbugs, flies, and mosquitoes.

Biological control is projected be the quickest-rising control method during the outlook period

The declining demand for chemical products, in terms of effectiveness towards pests, has slowly shifted the focus on microbial products including Bacillus thuringiensis and microbial extracts, which have been proved to be effective on insect vectors without much development of insecticide resistance.

North America (NA): The biggest market for insect pest control products and services

North America continent recorded for the biggest share in 2016 due to its significant increasing demand in both commercial and residential applications. The Asia Pacific is forecasted to be the quickest-increasing area from 2017 to 2023 due to the stringent need for commercial establishments and industrial industries (including food processing, food service industries, and tourism markets) to comply with pest control regulations within their premises.

Break-up of Primaries:

• By Company category - Tier 1 40.0 percent, Tier 2 35.0 percent, Tier 3 25.0 percent

• By Description - C level- 26.0 percent, Directors- 19.0 percent, Others- 55.0 percent

• By Area - Asia Pacific- 36.0 percent, EU- 21.0 percent, North America (NA)- 17.0 percent, RoW- 26.0 percent

The industry is leaded by, is monopolized by top players including Bayer, Syngenta, BASF, FMC Corp (NYSE:FMC), Sumitomo Chemical, ADAMA, Rentokil Initial, Ecolab, The Terminix International Company, Arrow Exterminators, Ensystex, and Rollins.

Segment Research

• This study estimates the overall insect pest control market, in terms of value significance, until 2023, broken down on the basis of insect type, application, control method, and area.

• It affords a in-depth qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies including expansions, acquisitions, new industry product developments, and strategic agreements to benefit a larger share of the market.

• It offers a comprehensive analysis of major market drivers, industry restraints, possibilities, opportunities, and the main issues of the market.

• It includes different important aspects of the market. These include review of the competitive landscape, market forces, industry estimates in terms of value importance and quantity, and next trends in the insect pest control market.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analyses-competitive landscape mapping and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the insect pest control market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on insect pest control provided by the top actors in the sector.

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and increase strategies in the insect pest control market.

• Market Development: Highlighted information about lucrative emerging markets-the report examines the application sectors for insect pest control across several areas.

• industry diversification: Complete information about products, untapped areas, recent evolutions, and market investments in the insect pest control market.

• opposing assessment: In-depth assessment of the market share, strategies, products, and manufacturing competences of the key players in the insect pest control market.

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