Global Stored Product Pest Control Market Size By Type (Aluminium Phosphide, Magnesium Phosphide), By Application (Grain, Vegetable and Fruit), By Region, And Segment Forecasts, 2023 to 2032

Report Id: 20746 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:


The Global Stored Product Pest Control Market is projected to witness significant growth from 2023 to 2031, driven by increasing concerns about food safety and the rising prevalence of pest-related losses in stored grains and food products. With stricter regulations and the need for sustainable pest management solutions, this market caters to industries like agriculture, food storage, and packaging. The demand for advanced pest control methods, including biological and chemical solutions, is expected to grow as food security and quality standards tighten globally.

Drivers

Growing Awareness of Food Safety: Rising awareness regarding food safety and quality has led to an increased focus on pest control in stored products, driving market demand.

Stringent Regulatory Frameworks: Governments globally are enforcing stricter regulations to control pests in stored food, prompting industries to adopt efficient pest management solutions.

Loss Prevention and Waste Reduction: The need to minimize losses in stored food products due to pest infestations supports the growth of effective pest control measures.

Restraints

High Costs of Advanced Pest Control Solutions: Sophisticated pest control technologies can be costly, especially for small-scale operators.

Environmental and Health Concerns: Chemical solutions for pest control face challenges due to their environmental and health impacts, limiting their widespread acceptance.

Opportunities

Growing Demand for Organic Pest Control Solutions: Rising preference for organic and eco-friendly pest control products presents new opportunities for market players.

Expansion in Emerging Markets: Emerging economies in Asia-Pacific and Latin America are focusing on enhancing food security, creating a demand for improved pest control solutions.

Market by System Type Insights

The market for stored product pest control is categorized by control methods such as chemical, biological, and physical controls. In 2023, chemical control methods led the market due to their efficacy and widespread use in large storage facilities. However, biological control methods are gaining traction due to increasing environmental concerns and demand for sustainable solutions.

Market by End-use Insights

The agriculture and food storage segment dominates the market, driven by high pest infestation risks in grain storage facilities and warehouses. This segment’s growth is expected to continue as regulations around food storage tighten. The packaging and logistics sector is also witnessing increased adoption of pest control measures to protect products in transit.

Market by Regional Insights

North America leads the stored product pest control market due to its advanced regulatory landscape and high awareness of food safety standards. Asia-Pacific is expected to be the fastest-growing region, driven by population growth, urbanization, and the need for enhanced food security measures in emerging economies like India and China.

Competitive Scenario

Key players in the market include Bayer AG, Syngenta, BASF SE, Rentokil Initial plc, and Terminix. These companies focus on developing innovative, eco-friendly pest control solutions and expanding their presence in emerging markets. Recent developments include advancements in biological control products and strategic acquisitions to enhance market reach.

Scope of Work – Global Stored Product Pest Control Market

Report Metric

Details

Market Size (2023)

USD 3.0 billion

Projected Market Size (2031)

USD 5.4 billion

CAGR (2023-2031)

6.8%

Key Market Segments

System Type (Chemical, Biological, Physical), End-use (Agriculture, Food Storage, Packaging)

Growth Drivers

Rising food safety concerns, regulatory frameworks

Opportunities

Demand for organic solutions, emerging market expansion

Key Market Developments

2023: Bayer AG launched a new biological pest control solution targeting grain storage facilities, aimed at reducing reliance on chemical pesticides.

2024: Rentokil Initial expanded its operations into Asia-Pacific with innovative pest management systems tailored to large-scale grain storage.

2025: Syngenta announced a partnership with a logistics company to integrate pest control measures in food transport, enhancing product quality and shelf life.

FAQs

What is the current market size of the Global Stored Product Pest Control Market?

The market size was valued at USD 3.0 billion in 2023.

What is the major growth driver of the Global Stored Product Pest Control Market?

The primary growth driver is the increasing focus on food safety and the stringent regulatory requirements surrounding pest management in stored products.

Which is the largest region during the forecast period in the Global Stored Product Pest Control Market?

North America is expected to remain the largest region due to advanced regulations and high awareness of food safety standards.

Which segment accounted for the largest market share in the Global Stored Product Pest Control Market?

The chemical control methods segment accounted for the largest market share in 2023.

Who are the key market players in the Global Stored Product Pest Control Market?

Key players include Bayer AG, Syngenta, BASF SE, Rentokil Initial plc, and Terminix. 

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