Pest Control Market

The global pest control market is projected to reach $32.8 billion by 2028 from an estimated $24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value. Several important factors are augmenting the demand for pest control products and services on a global scale. Increasing awareness of the health risks posed by pests and the diseases they can transmit is driving individuals and businesses to prioritize pest prevention and control. This heightened concern for health and hygiene fuels the demand for pest control services. Moreover, advancements in pest control technologies and methods have improved the efficacy, precision, and sustainability of treatments, making them more appealing to consumers.

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Market Dynamics

Driver: Impact of climate change on pest proliferation

Changing climatic patterns could influence pest distribution, behaviors, and population dynamics. As pests adapt to new conditions, they can become more challenging to control, intensifying the demand for effective pest management. The change in climate conditions is a significant factor that has contributed to the growth of the insect pest control market. This is attributed to global warming, which leads to changes in the population dynamics of insects and their ecosystems, as they are found prominently in warmer climates. According to an article published by FAO in 2021, a new research study states that plant pests that decimate economically significant crops are becoming more destructive as a result of the effects of climate change, posing a rising threat to food security and the environment. FAO also states that annually up to 40% of global crop production is lost because of pests and each year plant diseases cost the global economy over USD 220 billion, and the cost due to invasive insects is estimated to be at least USD70 billion. Therefore, in order to mitigate the impact of these pests on plants and human health proper pest management should be in place.

Restraint: High registration costs and interminable time for product approval

Strict and rigorous regulatory requirements in the environmental protection sector are applicable to the pest control manufacturers’ production processes and their production environments. Furthermore, these vary with the policies of each country. According to an article published by Royal Society of Chemistry in 2021, Martin Clough, the head of technology and digital integration at agrochemicals company Syngenta, stated that, it takes nearly 10 years and approximately USD 200 for the development of a new pesticide, and the development also involves stringent guidelines, massive costs, and slow-paced processes. Therefore, these factors pose as a challenge to the growth of the pest control industry.

In India, the pesticide regulations are majorly governed by two different bodies, that includes the Central Insecticides Board and Registration Committee (CIBRC) and the Food Safety and Standards Authority of India (FSSAI). Although these regulatory bodies are setup to regulate the use of pest control products, but process of complying with pesticide regulations, such as conducting safety studies, obtaining approvals, and maintaining compliance, are expensive. These costs are often borne by pesticide manufacturers, which can lead to higher prices for consumers and potential financial strain on smaller companies.

Opportunity: Emergence of biological pest control solutions

The use of biological insecticides has relatively few or no side effects on human health, is gaining high acceptance among pest service providers. Major factors impacting the market growth include the change in regulations and the development of resistance among pest organisms. The ban on neonicotinoid pesticide use in Europe is an example of the acceptance of biological control solutions as compared to chemicals. Various companies are also focusing on introducing biological method of pest control in the market. For instance, in 2022, FMC Corporation acquired BioPhero, a Denmark-based pheromone research and production company. This acquisition enabled FMC to introduce biologically produced pheromone insect control technology in the pest control market, thereby expanding its product portfolio and strengthen its position as one of the leading players in the pest control market. These initiatives by the companies helps in boosting the biological pest control solution market, since these solutions offer multiple benefits to the pest control industry, ranging from environmental sustainability and reduced chemical use to improved long-term pest management strategies.

Challenge: Growth in pest resistance against chemical compounds

Growing pesticide resistance is a serious issue that could potentially impede the expansion of the pest management sector. Pesticide resistance occurs when pests develop the ability to withstand the effects of commonly used pesticides, rendering these treatments ineffective over time. As pests evolve and adapt to chemical interventions, the effectiveness of traditional pest control methods diminishes, leading to decreased control over infestations. This not only undermines the efficacy of pest management efforts but also necessitates the development of new, more potent, and often more expensive pesticide formulations. The usage of plant-derived chemicals, the adoption of integrated pest management practices, and availing the services of pest management professionals can lower the risks of insecticide resistance.

Key Highlights the Pest Control Market

The pest control market has seen significant growth and evolution in recent years, driven by various factors. Here are some key highlights of the pest control market:

• Pest Control Market Growth: The pest control industry has experienced steady growth due to increasing awareness of pest-related health and property risks. This growth is expected to continue in the coming years.
• Urbanization: Rapid urbanization has led to more conducive environments for pests. As urban areas expand, the demand for pest control services has risen, particularly in densely populated cities.
• Regulatory Changes: Stricter regulations related to pesticide use and environmental concerns have led to the development of more eco-friendly and sustainable pest control methods and products.
• Technological Advancements: Pest control companies are adopting advanced technologies such as IoT (Internet of Things), data analytics, and remote monitoring to improve their services and efficiency.
• Integrated Pest Management (IPM): IPM approaches, which focus on prevention and long-term solutions rather than solely relying on chemicals, are gaining popularity. This trend aligns with the demand for more sustainable pest control practices.
• Residential and Commercial Sectors: Pest control services are in demand not only in residential properties but also in commercial and industrial settings. Businesses are increasingly recognizing the importance of pest management for maintaining hygiene and protecting their brand reputation.
• Eco-Friendly Products: There's a growing demand for natural and organic pest control products, reflecting the broader trend towards environmentally friendly solutions.

Pest Control Market Ecosystem

Leading companies in this market include well-established, financially stable manufacturers of pest control products and service providers. These companies have been operating in the market for several years and possess a diversified service portfolio, state-of-the-art laboratory & technologies, and strong global sales and marketing networks. Prominent companies in this market include Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).

Within the application segment, residential application is projected to have the highest market rate during the forecast period.

Pest control products for residential use are essential in maintaining a safe and comfortable living environment for homeowners. These products are designed to address common household pests, including insects like ants, cockroaches, spiders, and termites, as well as rodents like mice and rats. Residential pest control products come in various forms, such as sprays, baits, traps, and repellents, providing homeowners with a range of options to suit their specific needs and preferences. They are typically formulated to be effective yet safe for use around humans and pets when applied according to the instructions. Therefore, such factors contribute to the growth of the market and residential category being the fastest growing segment in application segment, it is expected to propel the market growth further.

Within the mode of application segment, sprays are predicted to have the largest market value during the forecast period.

Sprays are utilized for the application of pest control in specified amounts to different surfaces and areas. Spraying allows for a widespread and even distribution of pest control products, reaching areas that might be difficult to access through other methods. This method is particularly useful for both indoor and outdoor applications, making it suitable for a wide range of pest control scenarios. Additionally, advancements in spray technology have led to the development of more targeted and eco-friendly formulations that minimize the impact on non-target species and the environment.

Within the pest type segment, insects are anticipated to have leading market share during the forecast period.

The demand for pest control against insect pests is steadily increasing due to a combination of factors that highlight the urgent need for effective management. Insect pests pose a significant threat to public health and property, compelling individuals, businesses, and governments to seek professional pest control solutions. As global populations expand, urbanization intensifies, and climate conditions change, the conducive environments for insect infestations multiply. Additionally, the fact that insects can carry diseases, such as the Zika virus or malaria, highlights how crucial it is to keep their populations under control in order to safeguard the public's health. The need for pest control strategies that specifically target these pests is growing as a result of these issues and increased awareness of the negative effects insect pests have on the economy, human health, and the environment.

Within the control method segment, chemical is projected to have biggest market value during the forecast period.

Chemical control is based on substances that are toxic or poisonous to pests. Chemical pesticides are used to control pests and diseases caused due to pests. The use of chemical pesticides is widespread due to their relatively low cost, the simplicity of application, and their effectiveness, availability, and stability. Chemical pest control systems have been widely used to combat pest problems effectively. Some chemical pesticides offer broad-spectrum control, effectively managing multiple pest species simultaneously. This can be particularly advantageous in situations with diverse pest populations. These are some of the factors that are driving the demand of chemical control method in the pest control market.

North America is expected to have the largest market share during the forecast period.

The market for pest control is growing in North America owing to the widening scope of applications in not only residential or commercial but also in livestock and for industrial purposes, such as in the food and pharmaceutical industries. The pest control market in North America is experiencing notable growth owing to a convergence of factors. Moreover, there are numerous companies in North America providing pest control products and services. Apart from major players, there are many local players in the market. The presence of numerous pest control companies in the region also indicates that there is high demand for the pest control management. Stringent regulations in industries such as food safety and hospitality further bolster the market's expansion. Innovations in pest control technologies, including eco-friendly solutions and integrated approaches, enhance efficacy and appeal to environmentally conscious consumers.

North America is Expected to Have Market Value During the Forecast Period

Key Market Players

The key players in this include Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK). Companies are emphasizing on expanding their production facilities by entering into partnerships and agreements as well as by launching new products to grow their businesses and their market shares. New product launches because of extensive research & development (R&D) initiatives, geographical expansion to tap the potential of emerging economies, and strategic acquisitions to gain a foothold over the large extent of the supply chain are the key strategies adopted by companies in the pest control market.

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Scope of the Report

This research report categorizes the pest control market based on pest type, application, mode of application,control type, and region.

Based on application, the market has been segmented as follows:

• Residential
• Commercial
• Industrial
• Livestock
• Other applications

Based on the mode of application, the market has been segmented as follows:

• Powder
• Sprays
• Pellets
• Traps
• Baits

Based on the control method, the market has been segmented as follows:

• Chemical
  • Insecticides
  • Rodenticides
  • Other chemicals2
• Biological
  • Microbials
  • Plant extracts
  • Predatory insects
• Mechanical
  • Traps
    • Light traps
    • Adhesive traps
    • Malaise traps
  • UV radiation devices
  • Mesh screens
  • Ultrasonic vibrations
• Software & services

Based on the pest type, the market has been segmented as follows:

• Insects
• Termites
• Rodents
• Wildlife
• Other pest types1

Based on the region, the market has been segmented as follows:

• North America
• Europe
• Asia Pacific
• South America
• RoW (the Middle East & South Africa)

Recent Developments

• In June 2023, Bayer AG’s agricultural division Bayer CropScience partnered with Crystal Crop Protection Ltd. to develop and launch groundbreaking solutions for pest control that are aimed at benefiting paddy growers across India. This partnership indicates a critical turning point in the quest to improve rice farmer yields and crop protection techniques in India.
• In June 2023, Corteva Agriscience opened a combined crop protection and seed research laboratory in Eschbach, Germany. This research centre would help the company in driving innovation and deliver sustainable solutions for farmers. The expansion would also enable the company to conduct state-of-the-art crop protection studies to help develop solutions which protect crops from pests and diseases, thus boosting the pest control market.
• In April 2023, Rollins, Inc. acquired Fox Pest Control through its own brand, HomeTeam Pest Defense. The acquisition is expected to augment Rollins long term growth strategy in new geographies across the US market.
• In September 2022, Syngenta Crop Protection collaborated with a Swiss agricultural startup, Gamaya SA, for the development and launch of a digital tool to detect harmful nematodes through satellite images. This is a commercial digital diagnosis and mapping solution for harmful nematode pests.

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