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The pest control industry is greatly influenced by the growing consciousness regarding health and hygiene. The use of pest controls within residential and commercial sectors helps maintain health, hygiene, and cleanliness. Therefore, the adoption rate for pest control is rising across the world. Furthermore, the rising diseases caused by these pests makes it all the more crucial to control through pest control, thereby aiding the market growth. In addition, the market is being propelled by the rising demand for pest control in various industries like food and beverages. The industry adopts its own set of pest control measures in accordance with various related factors like production temperature, raw materials used, and environment. Hence, various pest control programmes have come into being to support the diverse demands of various food companies.
BASF SE (OTCMKTS: BASFY), a major key player in the pest control industry, announced in March 2020, the launch of Ventigra insecticide to fight against rising pest pressures. This newly launched insecticide is packed with a unique mode of action and has an amazing resistance management tool for greenhouse growers and nurseries. It further provides precision-targeted pest management of sucking insects such as aphids, whiteflies, and scales. The rising innovations such as these within the industry is expected to aid the market growth over the forecast period.
Market Analysis by Pest Type, Control Method, Mode, Application, and Region:
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Anticimex International AB, BASF SE, Bayer AG, Syngenta Crop Protection, LLC, Rollins, Inc., Rentokil Initial plc, and Dodson Pest Control, Inc., among others, are the key players in the global pest control market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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