Chicago, Oct. 27, 2022 (GLOBE NEWSWIRE) -- The “Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region - Global Forecast to 2026”, published by MarketsandMarkets, pest control market is estimated to be valued at USD 22.7 billion in 2021 and is projected to reach USD 29.1 billion by 2026, recording a CAGR of 5.1% in terms of value.
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The increase in instances of vector-borne disease outbreaks to encourage public health initiatives
Vector-borne diseases are a major health threat globally. With the combination of climate change, increasing globalization, and international travel transport of goods, disease vectors have moved across boundaries into new territories. The vector-borne disease is among the major causes of illnesses, particularly in tropical and subtropical countries. According to the WHO, as of March 2020, vector-borne diseases accounted for more than 17% of all infectious diseases resulting in more than 700,000 deaths annually. Vector control plays a key role in preventing and controlling infectious diseases such as malaria, dengue, and filariasis using insecticides. Several outbreaks have occurred and are spread mainly by rodents and insect vectors. For example, rat fever, bubonic plague, and hantavirus are spread by rodent vectors, while insect vectors spread chikungunya, influenza, H1N1 virus, Zika virus, and dengue. Government authorities have introduced regulations on public health and sanitation. Mandatory audits for certifications such as ISO 9001 and ISO 22000 have also become a requirement for commercial and industrial organizations. Government initiatives are introducing public health campaigns and legislation that play an integral part in managing pests and other insects.
Browse in-depth TOC on "Pest Control Market"
332 – Tables
72 – Figures
370 – Pages
The rise in demand for biological control technology boosts the market growth
Consumers are becoming more concerned about pesticide usage on ornamental plants and turfgrass. However, chemical pest control technology imparts negative health and environmental risks. Besides, chemical pesticides negatively impact pollinators and other beneficial organisms. The environmental issues and emerging resistance to pesticides have prompted the consideration of alternative strategies, including biological agents. Biological pest control improves operational flexibility and is a sustainable approach. Biological control imparts other advantages, such as the reduced potential for pesticide resistance and increased sustainability. Biological control also helps in managing pest populations that have developed pesticide resistance. Using biological control agents is the prospective solution to control invasive populations. Biological control agents like thrips can be a cost-effective and environmentally friendly way of pest control which can also be a part of an integrated approach. An integrated pest management approach requires careful monitoring and attention to weather and developments in pesticides, trap crops, and biological control.
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Precautionary measures pertaining to diseases in the poultry and cattle sectors to strengthen the demand for pest control services
Pest control is gaining traction in livestock farms to reduce yield losses. Pest control is mandated in livestock management, particularly in the meat and dairy sector. Massive yield loss results from insects, particularly flies, resulting in stress and low feed intake, thereby causing reduced feed conversion efficiency and milk production at younger ages. Physical as well as chemical methods are utilized in livestock farms; however, there is a limitation in the chemical treatment dosage to prevent the development of resistance. The demand for pest control in the livestock industry is growing in Asia because the poultry and cattle industries are developing as an organized sector. Further market prospect is expected to be driven by the demand for improved livestock management solutions for trade.
North America leads the pest control market
The North American region is the largest market for pest control. Increased hygiene awareness, spending capacity, and urbanization have led to increased demand for pest control services in the region. The US is one of the leading markets because of the presence of many pest control service providers. Pest infestation is a menace that has increased with the increase in population, rapid urban developments, and changes in weather patterns. As a result, there has been an increased demand for pest control solutions. Consumer awareness regarding health and hygiene issues has increased as the demand for pest control in the residential sectors. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. Increased demand for rodents and wildlife control contributes to the growth of the pest control market. Moreover, strong service provider and pesticide supplier networks lead to an increased pest control market.
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Major Players
The key players in this market include Terminix (US), Ecolab (US), Rollins Inc. (US), Rentokil Initial PLC (UK), and Anticimex (Sweden). The pesticide suppliers in the pest control market include Bayer AG (Germany), BASF (Germany), Syngenta AG (Switzerland), Sumitomo Chemicals Co. Ltd. (Japan), ADAMA (Israel), FMC Corporation (US), Corteva Agroscience (US), PelGar International (UK), Bell Laboratories (US).
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