Pest Control Products Market Scope
Pest control products are used to kill pest as it increases health risk. Pest control product has high usage in the agriculture field as pest damage crops. Furthermore, it causes a negative effect on human through various diseases. Change in climate increases the population of pest, rising health awareness among people and the easy availability of the products are the main reason for driving the market globally. Additionally, new product launch and diverse pest control chemical products are supplementing the overall growth of the market. However, chemical products are coming up with hazardous which is harmful to human being and long and unpredictable time period for product approval has been limiting the market. Moreover, the emergence of new biological pest control products and the adoption of advanced technology for developing pest control products can create a huge opportunity for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Bayer CropScience (Germany), Syngenta (Switzerland), BASF (Germany), Sumitomo Chemical (Japan), FMC Corporation (United States), ADAMA (Israel), Dowdupont (United States), Pelgar International (United Kingdom), Bell Laboratories Inc. (United States) and Rentokil Initial PLC (United Kingdom) |
CAGR | 5.8% |
The Players having a strong hold in the market are Bayer Cropscience, Syngenta, BASF, Sumitomo Chemical, FMC Corporation, Dowdupont. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Pest Control Products market throughout the predicted period.
Bayer CropScience (Germany), Syngenta (Switzerland), BASF (Germany), Sumitomo Chemical (Japan), FMC Corporation (United States), ADAMA (Israel), Dowdupont (United States), Pelgar International (United Kingdom), Bell Laboratories Inc. (United States) and Rentokil Initial PLC (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are The Terminix International Company (United States), Truly Nolen Pest Control (United States), Rollins Inc. (United States), Ecolab (United States) and Atalian Servest (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Pest Control Products market by Type , by Application (Commercial, Residential, Industrial and Agricultural) and Region with country level break-up.
On the basis of geography, the market of Pest Control Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In April 2024, Rollins, Inc. a premier global consumer and commercial services company, today announced that it has acquired FPC Holdings, LLC Fox Pest Control employs more than 1,300 associates and is headquartered in Logan, Utah. The Company ranks as the 13th largest pest management company according to PCT 100 rankings.
In November 2020, Godrej Agrovet Limited (GAVL), one of India's largest diversified agribusiness, has announced the launch of an advanced pest control product Rashinban in India.
According to Canada's Pest Management Regulatory Agency (PMRA), there is various regulation present for pest control products such as Pesticide Residue Compensation Act, Agriculture, and Agri-Food Administrative Monetary Penalties Act, Food and Drugs Act and Regulations, and many others.
Influencing Trend:
Rising Awareness in Corporate Sectors to Maintain Hygiene in the Workplace, Quick Result of the Mechanical Pest Control Product Increases the Demand for Pest Control Products and The Emergence of New Biological Pest Control Products
Market Growth Drivers:
Continuously Fluctuation in Climate in Various Geographical Areas, Rising Health Awareness as Pest Increases Health Risk, Easy Availability of Pest Control Products and Diverse Chemical Products for Different Types of Pest
Challenges:
High Cost of Ownership and High Transportation Cost and Long and Unpredictable Time Period for Product Approval
Restraints:
Health Hazardous Associated with Pest Chemical Products and Strike Government Rules and Regulation on Pest Chemical Products
Opportunities:
Continuous Product Launches, Product Development, and Investment on R&D, Increasing Expansion of Smart Cities and Modern Infrastructure across Globe and Adoption of Advanced Technology for Developing Pest Control Products