The insect pest control products market was valued at 12,705.45 Mn in 2020 and is anticipated to reach US$ 16,901.80 Mn by 2030. The primary market participants include Arrow Exterminators Inc., BASF SE, Bayer AG, Bell Laboratories Inc., Ecolab, Inc, FMC Corporation, McLaughlin Gormley King Company, Rentokil Initial plc. Rollins, Inc., Syngenta AG, and The Terminix International Company LP amongst others.
Pesticides are natural or artificial chemicals used to kill or repel specific plant or animal pests. A pest is any organism that occurs in large number, and is noxious and destructive in nature. Insect pests and mites account for 15% loss of agricultural production by damaging the yield and quality of the harvested products. Pests’ invasion has resulted into a rise of insect-borne pathogens causing diseases among human beings and is destroying valuable vegetation. Climatic factors such as temperature humidity and droughts, are propelling the mitigation of pests and insects. Increasing pests’ infestation and poor management practices for controlling their invasion in commercial, industrial, livestock farms and residential sectors have led to an increased adoption of insect pest control products.
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North America Insect Pest Control Products Market Value, By Method
The growing awareness amongst manufacturing industries for quality control and invasion of advanced pest control methodologies are driving the growth for the insect pest control products market. Lack of regulatory permission from the government to use chemical products, is hampering the growth of the market. However, the rising need for using environment friendly products is aiding to the incorporation of herbal pest control products in the market and is estimated to show high growth rate in the future.
Insect Pest Control Products Market, By Insect Type
Termite’s pest control products have generated the highest market share. They are the most harmful pests that have been reported to cause considerable problems in agriculture, forestry and housing. The fungus-growing termites largely affect agricultural productivity, thus incurring huge financial losses for farmers and retailers. Increase in research and development to produce effective termite control products is constraining it to generate the highest market share. The worsening climatic conditions will drive its growth in future.
Insect Pest Control Products Market, By Method
The chemical methods used to treat insects and pests have proved to be effective and delivers fast results as compared to other pest control methods for instance, mechanical and biological methods. This has resulted in an increasing demand in chemical pesticides, enabling it to generate the largest CAGR.
Insect Pest Control Products Market, By Region
On the basis of geography, North America holds the largest market share amongst all the regions. Innovation and development in highly effective pesticides using advanced technologies and growing awareness for food safety and hygiene protocols, are the factors propelling the demand for pest control services in North America.
Insect Pest Control Products Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Insect Pest Control Products Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Insect Pest Control Products Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Insect Pest Control Products market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Insect Pest Control Products market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Insect Pest Control Products market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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