Pest Control Market Size, Share, Growth Opportunities, Trends, Top Companies, and Forecast to 2028

Pest Control Market by Control Method (Chemical, Mechanical, Biological, Software & Services), Pest Type (Insects, Rodents, Termites, Wildlife), Mode of Application (Sprays, Traps, Baits, Pellets, Powder), Application and Region - Global Forecast to 2028
The [https://www.globenewswire.com/news-release/2023/08/30/2734326/0/en/Pest-Control-Market-Size-is-Expected-to-Reach-32-8-billion-by-2028-Globally.html] is projected to reach USD 32.8 billion by 2028 from an estimated USD 24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value. Pest control refers to the management or regulation of pests, which are organisms that can cause harm or nuisance to humans, their activities, crops, or the environment. This practice involves the monitoring, prevention, and elimination of pests to minimize their negative impact. It can be done through various methods, such as using pesticides, traps, biological control, and cultural practices, to keep populations of pests in check. The goal is to protect property, health, and the environment from the damage and risks posed by these unwanted creatures.

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Biological Pest Control: This approach involves using natural predators, parasites, or pathogens to control pests. Introducing species like ladybugs to control aphids or using bacteria to target specific pests has gained popularity due to its environmentally friendly nature.

Integrated Pest Management (IPM): IPM combines various pest control methods, including biological, cultural, and chemical approaches. It emphasizes prevention, monitoring, and control strategies that are least harmful to the environment and human health.

Emergence of Eco-Friendly Products: With increased awareness about the environmental impact of traditional pesticides, there's a growing demand for eco-friendly pest control products derived from natural ingredients or employing non-toxic mechanisms.

Technological Innovations: Advancements in technology have revolutionized pest control. From smart traps and sensors to monitor and detect pest activity to the use of drones for targeted spraying, technology has made pest control more precise and efficient.

Genetic Pest Control: Scientists are exploring genetic modification techniques, like gene editing or using sterile insects, to control pest populations. This method aims to disrupt the breeding cycle of pests without widespread environmental consequences.

Data-Driven Approaches: Analyzing big data related to pest behavior and environmental factors helps in predicting and preventing infestations. Machine learning algorithms assist in identifying patterns, optimizing treatment strategies, and reducing the overall use of pesticides.

Community Involvement and Education: There's a growing emphasis on educating communities about preventive measures and reducing reliance on chemical pesticides. Encouraging practices like proper waste management and maintaining clean surroundings helps in minimizing pest habitats.

Regulatory Changes and Sustainability: Governments worldwide are implementing stricter regulations on the use of chemical pesticides, pushing the industry towards more sustainable and environmentally friendly practices.

Focus on Urban Pest Management: As urbanization increases, so does the need for pest management in urban areas. Innovative solutions are being developed to address pest issues in cities while minimizing environmental impact.

Climate Change Adaptation: Changing climate patterns impact pest behavior and distribution. Pest control strategies are evolving to adapt to these shifts, focusing on resilience and proactive measures.

Pest Control Market Driver [https://medium.com/@edwardscott2090/pest-control-market-size-trends-growth-drivers-and-leading-players-b93d9d9ccfaf]: Impact of climate change on pest proliferation

Changing climatic patterns could influence pest distribution, behaviors, and population dynamics. As pests adapt to new conditions, they can become more challenging to control, intensifying the demand for effective pest management. The change in climate conditions is a significant factor that has contributed to the growth of the insect pest control market. This is attributed to global warming, which leads to changes in the population dynamics of insects and their ecosystems, as they are found prominently in warmer climates. According to an article published by FAO in 2021, a new research study states that plant pests that decimate economically significant crops are becoming more destructive as a result of the effects of climate change, posing a rising threat to food security and the environment. FAO also states that annually up to 40% of global crop production is lost because of pests and each year plant diseases cost the global economy over USD 220 billion, and the cost due to invasive insects is estimated to be at least USD70 billion. Therefore, in order to mitigate the impact of these pests on plants and human health proper pest management should be in place.

Pest Control Market Opportunities [https://www.prnewswire.com/news-releases/pest-control-market-worth-32-8-billion-by-2028--exclusive-report-by-marketsandmarkets-301906413.html]: Emergence of biological pest control solutions

The adoption of biological insecticides, which pose minimal to no risks to human health, is gaining significant traction among pest control service providers. Key drivers of market growth include evolving regulations and the emergence of resistance in pest populations. The European ban on neonicotinoid pesticides exemplifies the increasing favorability towards biological control alternatives over chemical solutions. Many companies are actively pursuing the development of biological pest control methods. For instance, in 2022, FMC Corporation acquired BioPhero, a Danish company specializing in pheromone research and production. This acquisition empowered FMC to introduce biologically derived pheromone insect control technology to the market, expanding its product range and consolidating its position as a major player in the pest control industry. Such endeavors contribute to the expansion of the biological pest control market, offering numerous benefits to the industry, including environmental sustainability, reduced reliance on chemicals, and enhanced long-term pest management strategies.

Within the pest type segment, insects are anticipated to have leading market share during the forecast period.

The demand for pest control against insect pests is steadily increasing due to a combination of factors that highlight the urgent need for effective management. Insect pests pose a significant threat to public health and property, compelling individuals, businesses, and governments to seek professional pest control solutions. As global populations expand, urbanization intensifies, and climate conditions change, the conducive environments for insect infestations multiply. Additionally, the fact that insects can carry diseases, such as the Zika virus or malaria, highlights how crucial it is to keep their populations under control in order to safeguard the public's health. The need for pest control strategies that specifically target these pests is growing as a result of these issues and increased awareness of the negative effects insect pests have on the economy, human health, and the environment.

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The key players in this include Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).

Bayer AG (Germany), Bayer AG is a global company with its core competencies in the life sciences field of health care and agriculture. It operates through three segments-pharmaceuticals, consumer health, and crop science. Bayer CropScience is Bayer's agricultural subsidiary that offers crop protection, seeds & traits, and digital farming products. Bayer CropScience's division, Environmental Science, offers professional pest management products. The environmental science business offers a broad portfolio of highly effective sprays, baits, and other pest control products that have chemical or biological modes of action. Additionally, it provides extensive customer services to support sustainable agriculture. As of 2022, Bayer Grourp comprised of 354 consolidated companies in 83 countries and supplies products and solutions through its subsidiaries. The company primarily operates in Europe and has an active presence in North America, Latin America, Africa, the Middle East, and Asia Pacific.

Corteva Agriscience (US), Corteva Agriscience is a prominent company, which is completely dedicated to the development of agriculture. In 2011, Dow and DuPont announced a definitive agreement, under which these companies would merge and subsequently spin-off into three independent companies, i.e., Dow, DuPont, and Corteva Agriscience. The Dow Chemical Company is among the key industry participants in the pest control market. Lannate methomyl insecticide was introduced by DuPont, which became successful in crop protection products due to its ovicidal, larvicidal, and adulticidal effects. In June 2019, Corteva Agriscience separated from DowDuPont and became a standalone company. In June 2023, Corteva Agriscience opened a combined crop protection and seed research laboratory in Eschbach, Germany. This research center would help the company in driving innovation and deliver sustainable solutions for farmers. The expansion would also enable the company to conduct state-of-the-art crop protection studies to help develop solutions which protect crops from pests and diseases, thus boosting the pest control market.

Key Questions Addressed by the Pest Control Market Report [https://www.marketsandmarkets.com/Market-Reports/pest-control-market-144665518.html]

Which are the major companies in the pest control market? What are their major strategies to strengthen their market presence?

What are the drivers and opportunities for the pest control market?

Which region is expected to hold the highest market share?

Which are the key technology trends prevailing in the pest control market?

What is the total CAGR expected to be recorded for the pest control market during 2023-2028?

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