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Insect Pest Control - Worldwide Market Outlook to 2023: A $17.6 Billion Opportunity - ResearchAndMarkets.com

October 9, 2018
The “Insect Pest Control Market by Insect Type, Control Method, Application, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.The global insect pest control market is projected to grow significantly from USD 13.1 billion in 2017 to USD 17.6 billion by 2023, growing at a CAGR of 5.05%.

Commercial & industrial segment dominated the insect pest control market

The profound need for professional pest control solutions has been significant among customers in this sector, especially for the food manufacturing and hospitality sectors in urban areas, to maintain a hygienic environment for the control of cockroaches, bedbugs, flies, and mosquitoes.

Biological control is projected be the fastest-growing control method during the forecast period

The declining demand for chemical products, in terms of effectiveness towards pests, has slowly shifted the focus on microbial products such as Bacillus thuringiensis and microbial extracts, which have been proved to be effective on insect vectors without much development of insecticide resistance.

Market Dynamics

Drivers

Growing Concerns About Vector-Based Disease Outbreaks Leading to Public Health InitiativesGrowth in Purchasing Power Parity (PPP)Effect of Climate Change on Insect ProliferationHigh Efficiency, Ease of Application, and Availability of Insecticides

Restraints

Lengthy Approval Procedure and Absence of Uniform Guidelines for TestingOperating Constraints

Opportunities

Usage of Biological Insecticides (Biocides) Gaining PopularityIncrease in Demand for Pest Control Services From Hospitality and Tourism SectorsRapid Urbanization

Challenges

Development of Insecticide Resistance Reduces the Effectiveness of Many Chemical Compounds

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Insect Pest Control Market, By Insect Type

7 Insect Pest Control Market, By Control Method

8 Insect Pest Control Market, By Application

9 Insect Pest Control Market, By Region

10 Competitive Landscape

11 Companies Profiled

11.1 Solution ManufacturersBASF SEBayer AGFMC CorporationSyngentaSumitomo Chemical Co. Ltd.Adama

11.2 Service Providers

Rentokil Initial PLCEcolabRollins Inc.The Terminix International Company L.P.Arrow ExterminatorsEnsystex

For more information about this report visit https://www.researchandmarkets.com/research/qrz5c3/insect_pest?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005530/en/

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Related Topics:Agriculture,Pest Control Products

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES AGRICULTURE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/09/2018 06:12 AM/DISC: 10/09/2018 06:13 AM

http://www.businesswire.com/news/home/20181009005530/en

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