Press release
Fly Traps Market Growth Status, Share, Size, Trends, Opportunity, and Forecast 2032
According to Report Ocean , the global market is witnessing a significant rise in revenue from US$ million in 2023 to US$ million by 2032. The market will grow at a significant compound annual growth rate (CAGR) of % during the forecast period from 2023 to 2032.
Introduction
In 2021, the global fly traps market demonstrated a robust valuation of US$ 232.5 million, with an anticipated surge to US$ 386.1 million by 2030. Boasting a Compound Annual Growth Rate (CAGR) of 5.8%, the market is driven by the imperative need to combat infectious diseases spread by flies and insects.
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Fly Traps: A Shield Against Disease
Addressing the Menace of Disease-Carrying Insects
Fly traps play a crucial role in exterminating and capturing disease and germ-carrying flies, including house flies, horse flies, mosquitoes, and black flies. These pests are known to transmit disorders such as typhoid fever, dysentery, cholera, leprosy, and anthrax.
Factors Influencing Market Growth
Driving Forces and Challenges
Infectious Disease Concerns:
The increasing prevalence of infectious diseases transmitted by flies propels market growth.
Rise in Restaurants and Hotels:
Growing numbers of restaurants and hotels contribute to the expanding market.
Affordability Challenges:
The high cost of electric fly traps poses a challenge, especially for middle and low-income consumers.
Effect of the COVID-19 Pandemic
Navigating Challenges in a Pandemic Era
The COVID-19 pandemic significantly impacted market growth as commercial establishments like restaurants, malls, hotels, and cafes faced closures. The demand for fly traps among commercial users plummeted due to lockdown regulations, and supply chain disruptions further hindered market growth.
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Regional Insights
North America Taking the Lead
North American Dominance: In 2021, North America secured the highest market share. Factors such as increased awareness of diseases spread by flies, growing product penetration, rising healthcare concerns, and expanding applications in commercial and residential sectors contribute to regional market growth.
Leading Competitors
Key Players Shaping the Market
Woodstream Corporation
Rsvp International
Sterling International
Pestronics
Mcqwin Industries
Rescue Company
Katchy Bug
Arbico Organics
Eco Trap Guard
Agri Phero Solutionz
Others (Note: List not exhaustive; request a free sample for a complete list.)
Segmentation Analysis
Customized Solutions for Varied Needs
Type:
Container
Fly Light Traps
Fly Baits
Delta Traps
Others
Sticky
Electric
Application:
Residential
Commercial
HoReCa
Factories
Building Management
Others
Price Range:
Low
Medium
High
Distribution Channel:
Independent Retail Stores
E-Commerce
Supermarkets and Hypermarkets
Others
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Table of Contents:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Purchase this Report:
Strategic Direction
Comprehensive Analysis
Growth Opportunities
Competitive Landscape
Detailed Company Profiles
Future Market Outlook
Industry Analysis
Value Chain Insights
About Report Ocean
Report Ocean is a renowned market research reports provider, known for its informative research reports. They offer both quantitative and qualitative research results, leveraging the latest technology and analysis tools. Their global network and industry coverage provide in-depth knowledge for informed and strategic business decisions.
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