13-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Insect Pest Control Products Market By Insect Type (Mosquitoes, Termites, Cockroaches, Bedbugs, Rodents, & Others), By Application (Commercial & Industrial, Residential, Livestock Farms, & Others), By Control Measure (Chemical, Physical, Biology, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. According to the report, the global Insect Pest Control Products market was valued at approximately USD 12.3 Billion in 2020 and is expected to reach a value of around USD 15.9 Billion by 2026, at a CAGR of around 5.7% between 2021 and 2026.
The insects like beetles, termites, mosquitoes, cockroaches, bedbugs, flies, and fleas that interfere with human activity are termed pests. Moreover, these pests can destroy property, damage crops, bite humans, and make living difficult for human beings. Insect pests are the key cause of loss for litchi due to indirect and direct attacks on different plant parts. Moreover, the management to arrest the proliferation of these species as well as eliminate them is referred to as pest control.
Browse the full “Insect Pest Control Products Market By Insect Type (Mosquitoes, Termites, Cockroaches, Bedbugs, Rodents, & Others), By Application (Commercial & Industrial, Residential, Livestock Farms, & Others), By Control Measure (Chemical, Physical, Biology, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” Report at https://www.fnfresearch.com/insect-pest-control-products-market-by-insect-type-305
Escalating pest control demand with rising economic activities to steer the market surge
The humungous need for pest control has resulted in demand for pest control products in post or pre-construction activities. Additionally, massive requirements for treating wooden households along with the burgeoning needs for maintaining health & fitness, sanitation, and food requirements will propel market growth over the forecast timeline.
Furthermore, the introduction of hygiene and safety laws in the emerging economies of the Middle East & Africa, Asia Pacific, and Latin America will favorably influence the market growth over the forecast period. In addition to this, a rise in the middle-income group population and a decrease in the levels of tolerance towards insects or pests will embellish the market surge over the forecast period. Nonetheless, the introduction of strict laws by various countries regulating the production & use of insect pest control products will put brakes on the market growth over the forecast period. However, growing innovation & smart use of insect pest control products will offer new growth avenues for the market over the forecast timeline.
Termites to lead the insect type segment by 2025 in terms of revenue
The growth of the segment during the forecast period is owing to large colonies of termites witnessed in the moisture-retaining fields, wood, food crops, wall openings, and roofs. Moreover, as these insects cause more harm & hazard, there is a high demand for insect pest control products.
Commercial segment to dominate the end-user landscape by 2025
The dominance of the segment over the forecast period is credited to the massive requirement of professional pest control services in the food manufacturing & hospitality industries for maintaining hygiene as well as get rid of the cockroaches, mosquitoes, flies, and bedbug menace.
North America to make major contributions towards the overall market revenue share by 2025
The growth of the regional market during the forecast period is owing to the enforcement of strict laws governing hygiene and quality control in countries like the U.S. Apart from this, growing awareness about personal hygiene in the region will also drive the regional market growth trends.
Top Market Players
The key market participants for the global insect pest control products market are Bayer, BASF, Sumitomo, Korea Henkel Home Care, FMC Corporation, Syngenta, ADAMA, Rentokil Initial Group, Terminix, Rollins, Inc., Bell Laboratories, Inc., Arrow Exterminators, Ecolab, Inc., Rentokil Initial PLC, ANTICIMEX, Cleankill Pest Control, ECO Environmental Services Ltd., and Lindsey Pest Services, Inc., among others.
This report segments the Insect Pest Control Products market as follows:
Global Insect Pest Control Products Market: By Insect Type Segment Analysis
Global Insect Pest Control Products Market: By Application Segment Analysis
Global Insect Pest Control Products Market: By Control Measure Segment Analysis
Global Insect Pest Control Products Market: Regional Segment Analysis
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