Pest Control Market is projected to reach USD 29.1 billion by 2026, recording a CAGR of 5.1% in terms of value. It is estimated to be valued at USD 22.7 billion in 2021. Pest management includes controlling infestations of insects, animals, germs, or other organisms that damage property, destroy food crops, and adversely affect the environment. Pest control eradicates or minimizes a wide range of undesirable insects and other pests from areas used for protective purposes, using chemicals, technologies, special equipment, and other safety measures. Various chemical, mechanical, biological, and digital solutions control different types of pests. Additionally, since pesticide solutions are toxic, pest control technicians must be acquainted with safety measures and proper usage.
Pest control is a prime aspect of food safety across the global food supply chain. Automation and sustainable approach have gained prominence within the supply chain. The number of service providers in the pest control market has witnessed a significant increase in recent years, driven by consumer demand for pest control services. Pest control service providers have extended their available services from control, extermination, and prevention to monitoring and suppression, with the help of digital technologies and traps, including motion sensors and automated traps. Companies such as Rentokil Initial PLC provide digital pest control systems such as PestConnect range of IoT-enabled pest-control devices that allows the monitoring of food processing facilities with maximum efficiency and minimum effort. CRE8TEC Pte. Ltd., based in Singapore, Thailand, Indonesia, and Sri Lanka, developed RATSENSE, an integrated infrared sensor-based system backed by data analytics for pest control.
How much will pest control market grow in 2023 and beyond?
Chemical treatment is the mainstream method to reduce losses caused by insect pests. However, due to the unwarranted side effects of chemicals, pest management relies on many other options, including pesticides. Also, these chemicals generally do not completely control insects across all growth stages. A combination of chemical, mechanical, and biological control methods is required to control all stages of insects' growth. Cockroaches are adaptable insects and can withstand diverse climate conditions. They are also prevalent in regions with harsh climate conditions, such as the Arctic Circle and desert regions, where they have developed mechanisms to survive without water for a limited period. These pests thrive in warm areas for food and are considered a nuisance in residential, commercial & industrial areas. Control methods for cockroaches include physical, biological, and chemical methods. Physical methods include traps, heating of the infested area, vacuum, dust, and bait gels. Biological methods include introducing predatory creatures such as frogs, turtles, mice, and hedgehogs, which feed on cockroaches.
According to reports by major service providers, Rentokil Initial Plc (UK) and Anticimex (Sweden), North America occupies nearly 50% of the global pest control market. This is attributed to the increase in the number of services available in the US and a high rate of urbanization in the US and Canada. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. These factors are driving the market in the region.
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Key Market Players
The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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