Pest Control Market

Market Overview

The global pest control market size was valued at USD 22.21 billion in 2021. It is projected to reach USD 35.05 billion by 2030, growing at a CAGR of 5.2% during the forecast period (2022–2030).

Chemicals applied to an area to prevent or reduce the damage caused by pests are known as pesticides. Insects of species that threaten human health focus on pest control efforts. Insects such as cockroaches, house flies, and bed bugs congregate in areas frequented by humans and are known to be sources of substantial health problems.

As a result, the management of pests has assumed a much greater significance in recent years. It is anticipated that the execution of stringent government regulations for conserving the environment and initiatives to promote the use of bio-based pesticides will drive the growth of the global market. This growth is predicted to be driven by stringent government regulations. In addition, variations in the weather that occur regularly play a significant role in the expansion of insect populations. Pests can only thrive in warm environments.

Market Dynamics

Global Pest Control Market Drivers

Increasing Urbanization and Exponential Rise in Population to Aid Growth

The global market for pest control is observing significant growth worldwide as a consequence of various causes, including an increase in the rate of economic activity, an increase in the rate of urbanization, and a growing number of people. Additionally, it increases commercial activity and travel, which raises the number of vehicles on the road. The majority of industry experts concur that the main reason for the growth of the pest management industry is the existence of factors making it easier for pests to move from one place to another.

Variations in Weather Conditions to Foster Market Growth

It is anticipated that persistent shifts in the climatic conditions will lead to a rise in pests which will reduce the production of essential crops, including wheat, soybeans, and corn. Warmer temperatures lengthen the growing season of plants and accelerate their development rates, but they also hasten insect metabolism and increase the number of breeding cycles they undergo. Due to the lengthening of warm growing seasons, insects that had previously only experienced two breeding cycles annually would see an increase in population. This will cause more offspring to be produced overall.

Easy Accessibility to Pest Control Goods and Services to Propel Growth

Controlling vermin and other unwanted creatures has become essential to modern living. An ever-evolving lifestyle combined with a substantial demographic shift has increased the number of pests. Effective pest management has emerged as a critical factor in recent decades to achieve the highest possible crop output in agriculture. In addition, the rise in pollution has contributed to the expansion of pest populations, reducing crop yields. The governments of numerous nations were compelled to implement various crop management programs and mandate the use of pesticides in crop management. As a result of more of these policies being implemented, pest control products are now easily accessible on the market, stimulating market growth.

Global Pest Control Market Restraints

Pest Control Chemicals' Effects on Health to Restrict Market Growth

Pesticides produce biocides that kill or repel organisms such as insects, weeds, rodents, fungus, and other creatures that risk public health. Their action method involves concentrating on specific enzymes or systems within the pests, some of which may be similar to those in humans. As a result, they provide significant dangers to the health of humans and the environment. In addition to killing insects, pesticides can poison other creatures, including birds, fish, and insects that are useful to plants. In addition, there is evidence that eating food tainted with poisonous pesticides can adversely affect human health. Ingestion, inhalation, or dermal absorption through the skin can all lead to poisoning from pesticides. It is feasible to get a variety of illnesses if one is subjected to these chemicals that control pests for an extended period.

Global Pest Control Market Opportunities

Consistent Product Development to Spur Market Opportunities

Organic pest control techniques cause less environmental harm and are safer for non-targeted insects, animals, and aquatic life. Terramera has introduced a new insecticide called RANGO, derived from plants and contains potent active chemicals. It is projected that this increased demand for bio-based chemicals in the chemical sector would give lucrative prospects for expanding the market.

Regional Analysis

The global pest control market is segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

North America dominates the global pest control market and is expected to grow at a CAGR of 3.7% during the forecast period. Regulatory bodies in the United States, such as the Environmental Protection Agency (EPA) and the Federal Food, Drug, and Cosmetic Act (FFDCA), protect the public and environmental safety of pesticides. Moreover, pest control products are sold on the U.S. market only after receiving approval from these regulatory organizations. This eliminates the risk posed by pesticides. American farmers' use of advanced pest control products has increased the land's productivity. In addition, the current integrated pest management (IPM) service has minimized the negative impact of insecticides and pesticides on human health in some areas of the United States.

Consequently, the European region has developed a novel pest control technique that significantly reduces pesticide residue in apples and pears. China's agriculture sector is the country's most significant economic contributor. China's use of pest control products has been boosted by a series of well-planned government initiatives, rural economy, and agricultural production. In addition, establishing an integrated pest control (IPC) program in the Asia-Pacific region has increased agricultural output and boosted crop productivity.

Segmental Analysis

The global pest control market is split by type, pest type, and application.

On the Basis of Type

Based on type, the market is segmented into chemical, mechanical, biological, and other categories.

Mechanical pest control expands at a CAGR of 5.9% during the forecast period. Mechanical pest control is the organization and management of pests using various physical techniques, including barriers, fences, electronic wires, tools, flames, tilling, flooding, soil solarization, row covers, and traps. Localized rodents, squirrels, and minor bug infestations can be eradicated quickly using mechanical pest control methods. It is a sustainable method for preventing the proliferation of pests in vegetable gardens without damaging the environment.

Using chemical pesticides in pest control is known as the chemical method. Chemical pest management strategies can eradicate pests that have not evolved resistance to chemical agents. This pest management method will eradicate the pest problem more quickly than other methods. Widespread use of chemical pest management is prevalent for eradicating crawling insects located in cracks and other small entryways. Insecticides, fungicides, nematicides, and rodenticides are some of the most common chemical pest management treatments.

On the Basis of Pest Type

Based on the pest type, the market is divided into insects, termites, rodents, and others.

The global demand for insect pest control will increase at a compound annual growth rate of 5% during the forecast period. As parasitic and harmful organisms threaten humans, agricultural fields, and cattle. Dengue Fever, Malaria, yellow fever, and bubonic plague are life-threatening diseases transmitted by insects. In addition, other fatal human health conditions include relapsing fever, encephalitis, river blindness, and sleeping sickness. Therefore, pest management is essential for protecting human health. Termites decompose dead organic waste primarily found in tropical and subtropical areas. They are one of the most destructive pests and cause significant damage to forestry, agriculture, and buildings, among others. They require professional pest control methods, as they are challenging to locate and eliminate without the necessary equipment.

On the Basis of Application

Based on application, the market is divided into commercial, residential, agricultural, and industrial.

The global demand for commercial pest treatment will increase at a CAGR of 5% during the forecast period. Insects and rodents are the principal pests encountered on commercial and institutional properties. Chemical and mechanical pest control procedures are the most commonly employed to increase sanitation and cleanliness in commercial spaces. Significant elements that promote pest proliferation in storage facilities include the sheer amount of food held, the length of time between tenant visits, and the types of items stored. According to the Large Analysis and Review of European Housing and Health Status (LARES) survey conducted by the World Health Organization, nearly 60% of residential areas were affected by at least one insect. This led to allergic reactions and asthma. In addition, the survey revealed that the injection of pesticides induced migraines, headaches, and sadness in residents of houses and bedsits of pests in residential neighborhoods.

Recent Developments

• May 2022- FMC Corporation files a patent infringement lawsuit in the U.S. against Aceto US, LLC.
• June 2022- JG Pest Control – Managing Common Summer Pests: Houseflies.
• May 2022- Syngenta Seedcare launches VICTRATO, a novel seed treatment that targets damaging nematodes and diseases in many crops.
• March 2022- Provivi and Syngenta Crop Protection launch pheromone-based technology Nelvium to control detrimental rice pests.