Insect Pest Control Market Share, Size, Trends, Assessment 2021-2030 – Impact of COVID-19, Case Study Analysis, Key Opportunities and Major Players

In a recent published report, Kenneth Research has updated the market report for Insect Pest Control Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Insect Pest Control Market products.

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According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Factors such as the increasing crop production worldwide and the concern for the decreasing arable land for the cultivation of crops, which is raising the need amongst farmers to develop modern agricultural methods that provide increased yield with low input resources, are anticipated to drive the growth of the market. According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Global Insect Pest Control Market was valued at USD 13.2 Billion in the year 2017. Global Insect Pest Control Market is further estimated to grow at a CAGR of 5.3 % from 2019 to reach USD 19.83 Billion by the year 2025.

Major market players in Insect Pest Control Market are BASF SE, Syngenta AG, Adama, Bayer Crop, Science AG, FMC Corp., Terminix International Company L.P, Ecolab, Sumitomo Chemical,
Rollins Inc., Ensystex, ant brief overview of 10 companies is also provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

North America region holds the highest Market share in 2017 and Asia Pacific region is considered as the fastest growing Market in the forecasted period due to growing demand and rising population. At a country level, the U.S., China & India holds the notable Market share and is projected to grow strongly in the coming years due to the strongly growing agriculture sector.

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SWOT Analysis of Insect Pest Control Market:
Strength:
Changes in Climatic conditions
Growing Pest population

Weakness:
Side effects associated with the use of Insect Pest control
Stringent environment regulations across the world

Opportunities:
Increasing urbanization
Growing preference for Insect Pest Controls

Threats:
Availability of substitute products

The segmentation is done on the basis of the control method, by application, by Insect Pest type, and by region. On the basis of the control method, the global Insect Pest Control Market is sub-segmented Chemical Control Method, Physical Control Methods, Biological Control Methods and Other Control Methods of which the chemical control segment is expected to hold the highest Market share during the forecast period.

Insect Pest Control Market Segmentation:
By Insect Pest Types
*Termites
*Bedbugs
*Cockroaches
*Mosquitoes
*Flies
*Ants
*Others

By Applications
*Commercial & Industrial
*Residential
*Livestock Farms
*Others

By Control Method
*Chemical Control Method
o Pyrethroids
o Organophosphates
o Larvicides
o Neonicotinoids
o Others
*Physical Control Methods
*Biological Control Methods
*Other Control Methods

By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa

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