Global Insect Pest Control Market was valued at USD 13.16 Billion in the year 2018. Global Insect Pest Control market is further estimated to grow at a CAGR of 5.26 % from 2019 to reach USD 17.90 Billion by the year 2025.
Sumitomo Chemical (Japan), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), FMC Corporation (U.S.), BASF SE (Germany), Adama (Israel)and Terminix International Company, L.P (U.S) are some of the key players in the Global Insect Pest Controls market. Better global reach at the operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
North America region holds the highest market share in 2018 and Asia Pacific region is considered as the fastest growing market in the forecasted period due to growing demand and rising population. At a country level, the U.S., China & India holds the notable market share and is projected to grow strongly in the coming years due to the strongly growing agriculture sector.
Changes in Climatic conditions
Growing Pest population
Side effects associated with the use of Insect Pest control
Stringent environment regulations across the world
Growing preference for Insect Pest Controls
Availability of substitute products
The segmentation is done on the basis of the control method, by application, by Insect Pest type, and by region. On the basis of the control method, the global Insect Pest Control market is sub segmented Chemical Control Method, Physical Control Methods, Biological Control Methods and Other Control Methods of which the chemical control segment is expected to hold the highest market share during the forecast period.
The segmentation done on the basis of the application includes Commercial & Industrial, Residential, Livestock Farms and Others of which the Commercial & Industrial segment is expected to hold the highest market share during the forecast period. On the basis of Insect Pest type industry, the market is segmented as termites, Bedbugs, Cockroaches, Mosquitoes, Flies, Ants and Others of which Termite type is expected to grow at the highest CAGR during the forecasted period due to rise in consumption and rapidly growing population.
Key Benefits for Stakeholders
Insect Pest Control Manufacturers, Distributors and Retailers
R&D Institutes and service providers
Regulatory bodies, Research and Consulting Organization
Food and agriculture industry
End use industries
By Control Method
Chemical Control Method
Physical Control Methods
Biological Control Methods
Other Control Methods
By Insect Pest Types
Commercial & Industrial
Key Market Players
Bayer CropScience AG
Terminix International Company, L.P
(A brief overview of 10 companies is also provided)
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