Global Insect pest control market Outlook

The global insect pest control market is buzzing with activity, and is expected to see significant growth in the coming years. Here's a concise analysis:

• Market size: Valued at USD 17.65 billion in 2022, it's projected to reach USD 29.43 billion by 2030.
• Growth rate: Anticipated to grow at a healthy CAGR of 6.60% during the forecast period (2023-2030).

This growth is driven by several factors:

• Rising demand for pest control: Increasing urbanization, growing populations, and changing climatic conditions are leading to more pest infestations, driving demand for control solutions.
• Focus on health and safety: Concerns about the health risks associated with pests, such as the spread of diseases, are mendorong people and businesses to invest in pest control.
• Growing adoption of sustainable practices: Consumers are increasingly opting for eco-friendly pest control methods, leading to the development and adoption of new technologies and solutions.
• Stringent regulations: Governments around the world are implementing stricter regulations to control the use of harmful pesticides, which is mendorong the development of safer and more effective pest control solutions.

The market is segmented into various categories:

• By type of control: Chemical, biological, physical, and others.
• By application: Residential, commercial, industrial, agricultural, and others.
• By region: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Major players in the market include Rentokil Initial, Rollins Inc., Terminix, Ecolab, Bayer CropScience, BASF, and FMC Corporation.

Launch of novel products and establishment of new units to cater to the pest control industry growing demand of pest management services are main strategies of these players. In October 2018, Sumitomo entered into an agreement with Mahindra Agri Solutions to develop new biological methods for eliminating pests.

Read More : https://www.marketresearchfuture.com/reports/insect-pest-control-market-6415

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