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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