Pest Control Market: Growth Opportunities and Recent Developments

The pest control market is projected to reach USD 32.8 billion by 2028 from an estimated 24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value. A number of variables influence the need for pest control worldwide. One major factor is people and companies being more aware of the health dangers and property damage that pests pose. As the value of keeping hygienic surroundings is well understood, there is an increased need for expert pest control services to efficiently handle infestations. Additionally, urbanization and globalization have made it simpler for pests to spread across borders and geographical areas, necessitating a comprehensive strategy for pest management.

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The key players in this market includes Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).

Bayer AG (Germany), Bayer AG is a global company with its core competencies in the life sciences field of health care and agriculture. It operates through three segments—pharmaceuticals, consumer health, and crop science. Bayer CropScience is Bayer’s agricultural subsidiary that offers crop protection, seeds & traits, and digital farming products. Bayer CropScience’s division, Environmental Science, offers professional pest management products. The environmental science business offers a broad portfolio of highly effective sprays, baits, and other pest control products that have chemical or biological modes of action. Additionally, it provides extensive customer services to support sustainable agriculture. As of 2022, Bayer Grourp comprised of 354 consolidated companies in 83 countries and supplies products and solutions through its subsidiaries. The company primarily operates in Europe and has an active presence in North America, Latin America, Africa, the Middle East, and Asia Pacific.

BASF SE (Germany), BASF SE is a leading chemical company and is listed on stock exchanges in Frankfurt (Germany), London (UK), and Zurich (Switzerland). The company has 11 divisions grouped into six segments, namely, Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. For financial reporting, it has organized its regional divisions into four: Europe, North America, Asia Pacific, and South America/Africa/Middle East. BASF’s pest control division is engaged in the research, development, production, and sales of pest control products for the extermination of different types of pests across a wide range of scenarios. The BASF urban and rural pest control portfolio combines novel products and strategies to existing and emerging pest control challenges. It provides smart solutions for pest management to keep the environment safe and healthy. In January 2023, BASF SE launched the novel insecticide active ingredient, which is used to control harmful piercing and sucking insect pests. The company launched it in Australia and further planning to launch it in Asia, Europe, and South America in the coming years.

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Syngenta AG (Switzerland), Syngenta engages in the discovery, development, manufacture, and marketing of a range of products designed to enhance crop yield and food quality worldwide. The company operates through two business segments—crop protection and seeds. It sells pest control products through the crop protection segment. The company markets its products in over 90 countries and 116 R&D sites. The company sells its products through specialized distributors, dealers, and professional applicators, as well as directly to growers. Syngenta has its manufacturing facilities in Switzerland, the US, the UK, France, India, China, and Brazil. The company’s subsidiaries include Syngenta India Ltd. (India), Syngenta UK (UK), and Syngenta US Agribusiness (US). In September 2022, Syngenta Crop Protection collaborated with a Swiss agricultural startup, Gamaya SA, for the development and launch of a digital tool to detect harmful nematodes through satellite images. This is a commercial digital diagnosis and mapping solution for harmful nematode pests. The collaboration signified the utilization of advanced technologies and integration of technologies with the pest management approaches.

The pest control market is growing in North America owing to the widening scope of applications in not only residential or commercial but also in livestock and for industrial purposes, such as in the food and pharmaceutical industries. The pest control market in North America is experiencing notable growth owing to a convergence of factors. Moreover, there are numerous companies in North America providing pest control products and services. Apart from major players, there are many local players in the market. The presence of numerous pest control companies in the region also indicates that there is high demand for the pest control management. Stringent regulations in industries such as food safety and hospitality further bolster the market's expansion. Innovations in pest control technologies, including eco-friendly solutions and integrated approaches, enhance efficacy and appeal to environmentally conscious consumers.

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