The global pest control market size was USD 22.91 Billion in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for low-toxic, more sustainable, and environment-friendly pest control methods is driving revenue growth of the market. Pests are one of the key problems for farmers that restricts them in achieving higher production in agriculture crops. In addition, countries, such as India, lose about 25% of their crops due to diseases and pests every year. Moreover, pest controllers protect crops during transport and storage and increase productivity of land and minimize yield losses. Furthermore, insecticides also protect buildings and other wooden structures, such as beds, staircases, and furniture, from damage by termites and woodboring insects.
The Global Pest Control Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Pest Control Market studies the market scenario to offer growth projections for the Pest Control industry for the forecast period of 2020-2027. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies.
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However, unscientific and high use of pesticides in productive lands has led to problems such as pests developing resistance, environmental degradation, lower quality food, and soil contamination. In addition, excessive use of chemical pest controllers leaves residues in water, and soil, is expected to hamper market growth.
List of Key Players of Nanopatterning Market
Toppan Photomasks, Inc., Nano Terra, Inc., AMO GmbH, Nanonex Corporation, Obducat AB, IMS Chips, Micro Resist Technology GmbH, NIL Technology ApS, SVG Optronics Co., Ltd, Vistec Electron Beam GmbH
Some Key Highlights from Nanopatterning Report
- The commercial segment is expected to register a rapid revenue CAGR due to rapid urbanization and rising new infrastructural projects. High economic and health risks associated with pest is increasing demand for pest control in commercial and public places. In addition, rising government pest management programs are also driving revenue growth in this segment.
- The termites segment is expected to register a steady revenue CAGR over the forecast period. These cellulose-eating insects cause damage to wood and furniture. The U.S. is home to about over 50 species of termites and according to the United States Department of Agriculture (USDA), the U.S. residents spend over USD 1 billion on termite control products. In addition, homeowners spent on an average about USD 3,000 on repairs caused by termites, which has increased demand for termite controllers and is driving revenue growth in this segment.
- The North America market accounted for largest revenue share in 2021 due to rising demand for herbicides for killing weeds in agricultural lands. Furthermore, rising demand for organic pesticides owing to less chemical content and being environment-friendly is also driving market growth in this region.
- On 07 September 2021, Best Agrolife Limited, an agrochemical company based in India acquired Best Crop Science Pvt. Ltd., which is also an Indian company with robust RD activities in the manufacturing of active ingredients required for insects, fungicides, and herbicides. This acquisition will help Best Agrolife in strengthening its manufacturing base, diversification of risk, and addition of another technical manufacturing unit in Gajraula, Amroha district, Uttar Pradesh.
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Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Nanoimprint Lithography
- E-beam lithography
- Others
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Soft lithography
- UV nanoimprint lithography
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Consumer Electronics
- Healthcare
- Foundry
- Others
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Regional Outlook
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
MEA
- Saudi Arabia
- UAE
- Rest of MEA
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