DUBLIN--(BUSINESS WIRE)--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 insect pest control market is projected to grow at a CAGR of 5.05% from USD 13.1 Billion in 2017 to reach USD 17.6 Billion by 2023.
Pathogens causing dengue, rift valley fever, malaria, and Zika virus are transmitted by insects, which act as vectors for these diseases, and are considered to be dangerous to humans, livestock, and the environment. Hence, various preventive and control measures to control the proliferation of harmful insects have been driving the growth of this market, globally.
The chemical control method was largely used for insect pest control in 2016 due to the significant demand for pyrethroids for its limited application rate and compatibility against a variety of insects. Termite control, on the basis of insect type, accounted for the largest share in 2016 owing to its higher demand in industrial and residential sectors for pre- & post-construction treatment and wooden house treatment, respectively.
The insect pest control market is a fragmented one with a large number of domestic manufacturers, formulators, service, providers, and suppliers. Easy availability of off-patent chemicals allows the entry of many small-scale manufacturers and to compete for the market position.
Limited research activities are conducted with respect to insecticides, except for some key players such as Bayer (Germany), Syngenta (Switzerland), BASF (Germany), FMC Corporation (US), Sumitomo Chemicals (Japan), ADAMA (Israel), Rentokil Initial (UK), Ecolab (US), The Terminix International Company (US), Arrow Exterminators (US), Ensystex (US), and Rollins (US), as these are well-established and financially stable players that have been operating in the industry for several years. Most key participants have been exploring new regions through acquisitions, new product developments, and collaborations across the globe to avail a competitive advantage through combined synergies.
Key Topics Covered
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 Company Profiles
- Arrow Exterminators
- BASF SE
- Bayer AG
- FMC Corporation
- Rentokil Initial PLC
- Rollins Inc.
- Sumitomo Chemical Co. Ltd.
- The Terminix International Company LP
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