The global insect pest control market size is projected to reach USD 15.8 billion by 2026. According to MarketsandMarkets, the global insect pest control market size is estimated to be valued at USD 12.3 billion in 2021 and projected to reach USD 15.8 billion by 2026, recording a CAGR of 5.1% during the forecast period.
The North American insect pest control market has been experiencing significant growth. The US acquired the largest share of the North American insect pest control market. According to the Centers for Disease Control and Prevention (CDC), between 2004 and 2016, more than 640,000 cases of insect-borne diseases were reported in the US. Additionally, during this period, nine new germs spread by bites from infected mosquitoes and ticks were discovered or introduced in the US. As a result, the demand for effective insect pest control methods has significantly increased in recent years.
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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, Key players in this market include BASF (Germany), Bayer (Germany), FMC Corporation (US), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), and ADAMA (Israel).
Insect pest controls have wide application in industrial and commercial segment, residential, and livestock farming practices. The residential segment mainly requires pest control services for the containment of cockroaches, bed bugs, mosquitoes, and termites. Insect pest control is recommended for localized areas and home applications. Baits are also used for indoor and outdoor applications in residential areas.
In terms of control method, market is segmented into various methods, namely as, chemical, physical, and biological. Chemical control methods include chemicals of various classes such as chlorinated hydrocarbon, carbamates, organophosphates, pyrethroids, pyrroles, and neonicotinoids. These control methods are preferred globally due to instant results, availability, longer duration, and greater coverage area.
In terms of insect types, mosquito segment is projected to grow at the highest CAGR during the forecast period. Due to increases in vectored diseases, the end-consumer are demanding the mosquito control services and products in the market. The common mosquito-vectored diseases include protozoan diseases such as malaria & filarial diseases and viruses such as dengue, encephalitis, and yellow fever hampered the humans. Mosquito-borne diseases that animals are susceptible to include dog heartworm, West Nile virus (WNV) and Eastern equine encephalitis (EEE) shows the negative impact on animal health.
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