Insect Pest Control Market Predicts USD 29.43 Billion by 2030, Registering a 6.60% CAGR"
Global Insect pest control market Outlook
The global insect pest control market is buzzing with activity, and is expected to see significant growth in the coming years. Here's a concise analysis:
- Market size: Valued at USD 17.65 billion in 2022, it's projected to reach USD 29.43 billion by 2030.
- Growth rate: Anticipated to grow at a healthy CAGR of 6.60% during the forecast period (2023-2030).
This growth is driven by several factors:
- Rising demand for pest control: Increasing urbanization, growing populations, and changing climatic conditions are leading to more pest infestations, driving demand for control solutions.
- Focus on health and safety: Concerns about the health risks associated with pests, such as the spread of diseases, are mendorong people and businesses to invest in pest control.
- Growing adoption of sustainable practices: Consumers are increasingly opting for eco-friendly pest control methods, leading to the development and adoption of new technologies and solutions.
- Stringent regulations: Governments around the world are implementing stricter regulations to control the use of harmful pesticides, which is mendorong the development of safer and more effective pest control solutions.
The market is segmented into various categories:
- By type of control: Chemical, biological, physical, and others.
- By application: Residential, commercial, industrial, agricultural, and others.
- By region: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Major players in the market include Rentokil Initial, Rollins Inc., Terminix, Ecolab, Bayer CropScience, BASF, and FMC Corporation.
Launch of novel products and establishment of new units to cater to the pest control industry growing demand of pest management services are main strategies of these players. In October 2018, Sumitomo entered into an agreement with Mahindra Agri Solutions to develop new biological methods for eliminating pests.
Read More : https://www.marketresearchfuture.com/reports/insect-pest-control-market-6415
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Sales: +1 628 258 0071(US) +44 2035 002 764(UK)
Website : https://www.wantstats.com
Email: Sales@marketresearchfuture.com
English
Arabic
Français
Español
Português
Türkçe
Dutch
Italiano
Russian
Romaian