The Total Addressable Market (TAM) for baited insect traps was valued at USD 545.02 million in 2022. It is estimated to reach USD 905.28 million by 2031, growing at a CAGR of 5.8% during the forecast period (2023–2031).
The invasion and the high colonization abilities of several insect species and their social and economic implications have necessitated using baited insect traps as part of an integrated pest management strategy. Over the years, baited insect traps with food-derived lures or insect attractants such as pheromones have been used to monitor infestation levels, investigate suspected breeding sites, and initiate a course of action based on the catch threshold.
As insects rely on olfactory information to find a food source or mate, most baited traps customized to the olfactory systems of insects have proven to be efficient pest control methods. Such pest control measures include using food or a chemical lure to attract insects such as cockroaches, ants, beetles, moths, flies, and bed bugs. Other common bait types in the global baited insect traps market include gel and paste baits, granular baits, and liquid baits.
|Market Size||905.28 million|
|Fastest Growing Market||Europe|
|Largest Market||North America|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
Rising Pesticide Resistance
The pest control industry has been facing the issue of low efficacy of pest control solutions, such as pesticides or insecticides, despite using correct application methods and processes. Many pests have resisted older pesticides, necessitating the introduction of newer and more effective pest control solutions to exterminate pests and prevent pest infestations. Out of the 80 nations where malaria is endemic between 2010 and 2017, 68 countries reported that mosquitoes had become resistant to one of the five pesticide classes. Numerous pesticides have gradually lost their efficacy as a result of pests developing resistance to them due to the worldwide increase in pesticide resistance. Therefore, to counter the impact of pesticide resistance, the demand for alternative pest management products, such as baited insect traps, is expected to increase considerably during the forecast period.
Expanding Population and Rapid Urbanization
Currently, more than 50% of the global population lives in urban areas, which generate over 80% of the global domestic product (GDP). The rapid pace of urbanization is expected to affect the environment as it will result in a surge in resource demand and the pest population in urban spaces. Pest infestations in urban areas cause public health and environmental problems, such as pest-related diseases and asthma morbidity due to indoor allergen exposures. For instance, the high levels of cockroach allergen in urban areas in high population density areas have been associated with wheezing and asthma morbidity among individuals. Therefore, pest control measures involving baited insect traps are being increasingly adopted in urban areas, thereby driving the growth of the global market. Furthermore, factors such as the surge in consumer awareness of baited insect traps and the rise in urbanization are expected to propel the demand for baited insect traps and encourage vendors to launch advanced product variants.
Seasonality and Advent of DIY Insect Traps
Factors such as climatic conditions and the type of targeted insect add to the complexity of inventory procurement. The products required for preventing and exterminating insects differ based on the type of insect and the method adopted, which increases the complexity associated with insect control products and services. The industry is not cyclical due to the demand for products customized to several types of insects throughout the year. For instance, in the US, the demand for pest control services is high during the summer to treat ants, house crickets, and stinging insects. However, the need for baited insect traps is high for cockroaches and ants during other seasons.
The need for more awareness about using professional baited insect traps also encourages the adoption of DIY products. Low toxicity, high availability, and lower prices give DIY products a competitive edge over baited insect traps in the residential sector. The acceptance of DIY-baited insect traps has witnessed a rapid surge in adoption across Asia, as the cost of baited insect traps is higher in the region, thus hampering the market growth.
Continuous Disease Outbreaks Worldwide
The majority of food processing and service-oriented enterprises had to spend money on pest management strategies during the pandemic to keep their buildings hygienic, legal, and lucrative. Consequently, there has been a considerable surge in demand for pest control products such as baited insect traps in medical centers, offices, educational institutions, hotels, and restaurants. Over the last two decades, the world has witnessed several epidemics, such as swine flu, H1N1, SARS, and COVID-19. The high chances of disease transmission have forced the healthcare system to opt for sustainable preventive measures to support public health initiatives and check pest infestations. For instance, several awareness initiatives have propelled the adoption of preventive measures, such as baited insect traps, and compelled vendors to innovate their product lines.
Additionally, the incidence of insect activity increases significantly in the warmer spring and summer months, necessitating the use of pest management strategies to stop an infestation from taking root. As homes serve as the first line of defense against infectious diseases, the scope and preference for residential baited insect traps have witnessed new heights during the pandemic, giving rise to opportunities for market growth.
By region, the global baited insect traps market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America Dominates the Global Market
North America is the most significant shareholder in the global baited insect traps market and is anticipated to grow at a CAGR of 7.04% during the forecast period. The demand for pest control products such as baited insect traps has witnessed exceptional growth across all application categories, with the end-user sectors preferring professional pest controllers to DIY products. Extensive use of wood in residential and commercial buildings provides significant opportunities for vendors offering baited insect traps. The region is expected to lead the global market during the forecast period as a pest-free environment is accorded high priority across most application areas. North America is home to several developed industries, such as retail and consumer packaged goods (CPG), which require robust pest control, such as baited insect traps. Furthermore, the region has the highest number of airports undergoing infrastructure expansion and modernization, worth more than USD 120 billion. The opportunity in this regional market alone is expected to provide a significant impetus to the global baited insect traps market.
Europe is expected to grow at a CAGR of 6.42% over the forecast period. The future outlook for pest control products such as baited insect traps in Europe is positive. Many European economies are doing well, while some are on the path to recovery in the aftermath of the subsequent waves of the COVID-19 pandemic and are exhibiting positive trading environments. Thus, the region's demand for baited insect traps will grow further during the forecast period. Businesses in Germany, Belgium, and Italy are experiencing favorable trading conditions and are expected to witness considerable progress during the forecast period. The European-baited insect traps market also offers several avenues for profit because Eastern Europe is largely untapped. The market is characterized by high competition and inorganic growth strategies by major vendors, which enable vendors to leverage their best practices and acquire higher market shares. The European market will emerge as a significant value and volume generator due to the increased adoption of professional-baited insect traps.
Baited insect traps are limited in the Asia-Pacific region, mainly to urban regions and several tier-II cities. The area has a largely untapped market as most commercial and residential customers are yet to adopt professional pest control products, including baited insect traps. Additionally, the region has a more significant unorganized sector, with local players operating without adhering to regulatory standards. However, the demand for baited insect traps is growing steadily in Asia-Pacific, driven by substantial economic progress and growth in commercial office construction. China is a major Asia-Pacific country that extensively uses pest control products such as baited insect traps.
In Latin America, the regional market is expected to witness a substantial growth rate during the forecast period. Factors such as the rapid pace of industrialization, significant penetration of travel and tourism activities, and the gradual surge in awareness of health conditions and hygiene are expected to drive market growth. Several developing economies, such as Brazil and Mexico, will offer tremendous growth potential to manufacturers of baited insect traps.
The Middle East and Africa baited insect traps market, especially in Africa, is primarily serviced by unorganized vendors that offer DIY products and primary chemical and mechanical pest control services. Although the market is experiencing fast growth, wide-scale adoption of the products and services has yet to materialize. The commercial and industrial sectors across the Middle East generate high revenues in the market as facility management and pest control services are widely used across these sectors. The Middle East construction sector is expected to provide tremendous opportunities for vendors of baited insect traps due to exceptional growth during the forecast period.
The global baited insect traps market is segmented into bait type, pest type, end-user, and distribution channel.
By bait type, the global market is divided into gel and paste baits, granular baits, and liquid baits.
The gel and paste baits segment owns the highest market share and is anticipated to grow at a CAGR of 6.66% over the forecast period. Gel and paste bait formulations are used for pest management in agricultural fields, warehouses, medical facilities, and public spaces. Pest management professionals use these formulations to manage and control termites, cockroaches, and ant infestations. These ready-to-use formulations include a combination of active ingredients and food attractants. Insects also consume the active ingredient while eating the bait. Apart from gels, baits may also take the form of flowable powders, granules, solids, or liquids. Gel formulations can also be applied to bait stations ready to use.
Granular insecticide baits are generally used to spot and exterminate ants or other pests on the garden or lawn or as preventive treatments across structures with pest infestation. The precise placement of granule bait traps in areas where insects forage for food provides the best possible results. Some granular bait has natural ingredients like diatomaceous earth and boric acid, while others have artificial chemicals like pyrethroids and neonicotinoids. The best way to put down granules in the yard is with a granule spreader. Granular baits are highly versatile as they can eradicate various outdoor pests. Most granular baits are mostly weather resistant and labeled to exterminate silverfish, crickets, cockroaches, ants, snails, and slugs.
By pest type, the global market is divided into cockroaches, ants, moths and flies, bed bugs, and others.
The cockroach segment is the highest contributor to the market and is expected to grow at a CAGR of 6.79% during the forecast period. Cockroach bait is a modern pest control method to exterminate cockroaches at indoor sites. Cockroaches reside in communal harborages and often survive by feeding on other cockroaches' feces, body secretions, and carcasses. This pest control method effectively exploits the coprophagic and cannibalistic tendencies of cockroaches. The combination of a slow-acting insecticide with a food attractant in a cockroach bait allows the foraging cockroaches to return to their nesting site after consuming the bait. Non-exposed cockroaches in the nesting area succumb to the bait after indirectly consuming trace amounts of toxicants ejected in the feces and sputum of exposed cockroaches.
Ant infestations have emerged as significant issues in vineyards and poultry farms. Thus, the damaging economic and ecological impact of ant infestation has resulted in a surge in adopting baited ant traps. The strategies for ant control and prevention of ant infestations include the application of bait formulations. In eradicating pests such as ants, bait traps are more effective than solutions such as repellents. However, ants can infest a site once the repellent loses effectiveness. Thus, ant bait traps help in cutting off the primary source. Baited ant traps are permanent solutions for ant infestations. Furthermore, these baits are easy to prepare and use.
By end-user, the global market is divided into commercial, residential, and others.
The commercial segment is the highest contributor to the market and is anticipated to grow at a CAGR of 6.58% over the forecast period. The commercial end-user segment of the global baited insect traps market is categorized into the following sub-segments: hospitality, hospitals, commercial warehouse, agriculture, and other sectors. Regular usage of baited insect traps has become a necessary part of doing business in many commercial applications, especially in the hospitality, food and beverage, and hospital sub-segments, where the frequency of pest infestations is high. The cost of baited insect traps is considerably smaller than the cost of loss due to pests, which tends to establish positive customer ties.
The residential sector adds to the baited insect traps market for insect infestations. Globally, the demand for all forms of baited insect traps is increasing due to variations in climatic conditions across areas, thereby generating varied requirements. Therefore, there needs to be more consistency in the quality of services in the residential sector, as the quality varies between areas. The high demand for the extermination of bed bugs, cockroaches, and ants across major demand areas in the residential sector is expected to drive the segment's growth. The high number of professional pest control service providers in the US and other countries in North America has enabled the region to emerge as a leader in the residential segment of the global market.
By distribution channel, the global market is divided into offline and online.
The offline segment owns the highest market share and is expected to grow at a CAGR of 6.11% during the forecast period. Department stores are retail stores that deliver products of several brands assorted under separate departments. The price range offered by these stores varies from medium to high. Due to the massive customer outreach, vendors in the global baited insect traps market can tap into tremendous opportunities to explore and sell their products through this segment. Customers can get all they require in one trip because these stores offer a variety of product categories under one roof. Moreover, these stores are centrally located and attract a considerably large footfall. Therefore, various offline stores can enable baited insect trap vendors to expand their revenue share during the forecast period.
Various vendors are beginning to sell their products through online channels as they cost lower than setting up physical stores and have a wider reach than offline channels. Moreover, due to the lower set-up cost of online channels, vendors can sell products at a lower price, thereby gaining a competitive edge. Thus, the surge in online sales will enable vendors to expand their revenue share during the forecast period.