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According to MarketsandMarkets, 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.

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).

To know about the assumptions considered for the study download the pdf brochure

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.

Corteva Agriscience (US), Corteva Agriscience is a prominent company, which is completely dedicated to the development of agriculture. In 2011, Dow and DuPont announced a definitive agreement, under which these companies would merge and subsequently spin-off into three independent companies, i.e., Dow, DuPont, and Corteva Agriscience. The Dow Chemical Company is among the key industry participants in the pest control market. Lannate methomyl insecticide was introduced by DuPont, which became successful in crop protection products due to its ovicidal, larvicidal, and adulticidal effects. In June 2019, Corteva Agriscience separated from DowDuPont and became a standalone company. In June 2023, Corteva Agriscience opened a combined crop protection and seed research laboratory in Eschbach, Germany. This research center would help the company in driving innovation and deliver sustainable solutions for farmers. The expansion would also enable the company to conduct state-of-the-art crop protection studies to help develop solutions which protect crops from pests and diseases, thus boosting the pest control market.

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.

Sumitomo Chemical Co. Ltd. (Japan), Sumitomo Chemical Co. Ltd. operates through five business segments, namely, essential chemicals & plastics, energy & functional materials, IT-related chemicals, health & crop sciences, and pharmaceuticals. The company provides insect pest control products under its health & crop sciences segment. It is engaged in the development, production, and sales of termiticides in the global market. Valent Biosciences Corporation (US), a subsidiary of Sumitomo Chemical Co., Ltd, is primarily engaged in the global research, production, and marketing of biocontrol technologies and products. Sumitomo Chemical's research organization comprises the business sector’s research laboratories, corporate research laboratories, and production & safety fundamental technology centers. The company operates globally through its 184 consolidated subsidiaries and has 82 overseas facilities. In March 2019, Sumitomo Chemical Co. Ltd. enhanced its crop protection sales network in South America with the acquisition of four South American subsidiaries of Nufarm in Brazil, Argentina, Chile, and Colombia. This acquisition helped the company to expand its network and sales of pest control products across the regions such as Brazil, Argentina, and others.

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.

Related Reports:

Pest Control Market by Control Method (Chemical, Mechanical, Biological, Software & Services), Pest Type (Insects, Rodents, Termites, Wildlife), Mode of Application (Sprays, Traps, Baits, Pellets, Powder), Application and Region - Global Forecast to 2028

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