A new market research report, published by MarketsandMarkets, estimates that the global insect pest control market size is estimated to be valued at £8.9 billion in 2021 and projected to reach £11.4bn by 2026, recording a CAGR of 5.1% during the forecast period.
Insect Pest Control Market by insect type, control method, application, form and region – Global Forecast to 2026, highlights that the change in climate conditions is a significant factor that has contributed to the growth of the insect pest control market.
This is attributed to global warming, which leads to changes in the population dynamics of insects and their ecosystems, as they are found prominently in warmer climates. MarketsandMarkets said that, simultaneously, application methods have also become easier and safer to handle through larvicides, residual sprays, ultra-low volume sprays, and baits.
“This is expected to be a major driver for the growth of the insect pest control market,” it said.