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Insect pest control market worth 17.35 billion USD by 2022 according to market forecasts

The insect pest control market is projected to grow at a CAGR of 5.67% from 2016 to 2022, to reach a projected value of USD 17.35 Billion by 2022. Pathogens causing dengue, rift valley fever, malaria, and Zika virus are transmitted by insects, which act as vectors for these diseases, and are considered to be dangerous to humans, livestock, and environment. Hence, various preventive and control measures to control the proliferation of harmful insects have been driving the growth of this market globally.

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The report "Insect Pest Control Market by Type (Termites, Cockroaches, Bed Bugs, Mosquitoes, Flies, Ants), Control Method (Chemical, Physical & Mechanical, Biological), Application (Commercial & Industrial, Residential, Livestock), and Region - Global Forecast to 2022", The insect pest control market was valued at USD 11.89 Billion in 2015. It is projected to grow at a CAGR of 5.67% from 2016, to reach 17.35 Billion by 2022.

Browse 76 market data tables and 68 figures spread through 177 pages and in-depth TOC on “Insect Pest Control Market by Type (Termites, Cockroaches, Bed Bugs, Mosquitoes, Flies, Ants), Control Method (Chemical, Physical & Mechanical, Biological), Application (Commercial & Industrial, Residential, Livestock), and Region - Global Forecast to 2022"

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The market gained importance as the increased chances of insect vector-based disease outbreaks coupled with the suitable environment changes for the growth of harmful insects due to the climate change phenomenon paved way for the adoption of insect control methods in both commercial and residential areas.

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Mosquito control is projected to be the fastest-growing segment, by insect type, in 2015

Mosquito control is projected to be the fastest-growing insect control services from 2016 to 2022. The demand for mosquito control services has been growing strongly in the developing markets with large areas of unhygienic pockets such as in Asia-Pacific and Rest of the World regions.

The prevalence of harmful diseases such as dengue, Zika virus, and malaria strengthened the need for effective measures from national public health authorities to control the proliferation of mosquitoes.

Chemical control segment dominated the market with the largest share in 2015

In 2015, the popularity of chemical control methods among professional pest control service providers and animal health clinics is projected to play an important role in market demand. Insecticides are preferred by pest controllers due to their ease of application and effectiveness.

Residential segment is projected to be the fasting-growing application from 2016 to 2022

The strong growth in demand for the residential segment has been due to the growing awareness among public households for pest control and preventive measures against termites and bed bugs in developed markets such as North America and Europe.

North America accounted for the highest share in the insect pest control market in 2015

The significant demand for pest control services in commercial establishments (such as hotels and restaurants) and industries (such as food processing and pharmaceutical sectors) has been an important factor for the performance of the North American market.

Report:

www.marketsandmarkets.com/speaktoa…source=Swapan_DM5

 

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