Global Insect Pest Control Market Analysis and Forecast 2022 – 2032

Global Insect Pest Control Market Insights Forecasts to 2032

• The Global Insect Pest Control Market Size was valued at USD 12.98 billion in 2022

• The market is growing at a CAGR of 4.6% from 2022 to 2032

• The Worldwide Insect Pest Control Market size is expected to reach USD 20.43 billion by 2032

• Asia Pacific is expected to grow the fastest during the forecast period

The Global Insect Pest Control Market is anticipated to reach USD 20.43 billion by 2032, at a CAGR of 4.6% over the predicted period from 2022 to 2032. Pest control products for insects are used in a variety of end-user industries, including residential buildings, commercial and non-commercial institutions, livestock, and the industrial sector. The demand for insect pest control is being driven by the bulk end-users, which include hospitals, airports, hotels, commercial establishments, factories, and manufacturing plants. Non-commercial institutions, storage and transportation facilities, and public landscapes are also having a positive impact on the market.

Driving Factors

Liquid formulations usually combine with water, but labels may allow the use of kerosene, crop oil, diesel fuel, or another light oil as a carrier in some cases. Liquid pesticide formulations include emulsifiable concentrate, ready-to-use invert emulsion, aerosols, low concentration solutions, ultra-low volume, and others. The rising demand to increase agricultural crop production while improving yields is expected to drive market expansion during the period of forecasting.

There is a growing awareness of the negative environmental impact of traditional pest control methods. As a result, there is a shift towards sustainable pest control methods, such as biological control, which uses natural enemies of pests to control their populations. This trend is driving the development of innovative and sustainable pest control products and services. With the growing global population, there is an increasing demand for food products. Insect pest control is critical in agriculture to protect crops from insect damage and ensure a stable food supply.

The growing demand for bio pesticides within residential homeowners for an effective and safe environment influences termite and pest control prevention services to install sustainable products, boosting the market growth. Furthermore, the expansion of comprehensive pest management services, which include general pest control, mosquito & termite inspections, and bed bug inspections, has resulted in the growth of the promising pest control solution in this sector. As a result, the increase in residential buildings will help to increase demand for insect pest control in the residential building market during the forecast period.

Restraining Factors

The use of traditional insecticides can have adverse effects on human health and the environment. These concerns have led to a shift towards more sustainable pest control methods, which may not be as effective as traditional methods, thereby limiting the growth of the market. Environmental protection manufacturers must adhere to stringent regulatory standards. Furthermore, these vary according to county policies. The use of insect pest control is subject to registration in many countries by environmental, health, and insect pest control agencies. Governments inspect the policies governing the acquisition, application, registration, formulation, and disposal of pesticides.