Bayer Cropscience and BASF Lead the Pest Control Market

October 15 10:48 2019
Bayer Cropscience and BASF Lead the Pest Control Market

MarketsandMarkets
The overall pest control market is projected to grow from USD 20.5 Billion in 2019 to USD 27.5 Billion by 2025, at a CAGR of 5.04%.

The pest control market is estimated to be valued at USD 20.5 billion in 2019 and is projected to reach USD 27.5 billion by 2025, at a CAGR of 5.04% during the forecast period. The growth of the pest control market is driven by factors such as increasing urbanization and the effects of climate change on pest proliferation.

The key service providers in this market include  Terminix (US), Ecolab (US), Atalian Servest (France), Truly Nolen (US), Rollins Inc. (US), Rentokil Initial Plc (UK), and Ecolab (US). The pesticide suppliers in the pest control market include Bayer CropScience (Germany), BASF (Germany), Syngenta AG (Switzerland), Sumitomo Chemicals Co. Ltd. (Japan), Adama (Israel), FMC Corporation (US), DowDuPont (US), PelGar International (UK), and Bell Laboratories (US).

Bayer CropScience is a global leader in agriculture research and solutions; it operates through four segments—pharmaceuticals, consumer health, crop science, and animal health. Bayer CropScience is Bayer’s agricultural enterprise, which offers crop protection, seeds, and non-agricultural pest control products. These products are offered through its two operating business segments—crop protection/seeds and environmental science. The environmental science business offers a broad portfolio of highly effective sprays, baits, and other pest control products that have chemicals or biological modes of action. 

BASF is a diversified chemical company and is listed on the stock exchanges in Frankfurt, Germany; London, UK; and Zurich, Switzerland. The company has 13 divisions grouped into five segments— chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. 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.

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Syngenta AG is one of the leading companies in the agriculture business sector. Syngenta AG emerged as a result of the merger between the agribusinesses of Novartis AG (Switzerland) and AstraZeneca (Switzerland) in 2000. The company markets its products in over 90 countries across the globe with three R&D centers. Syngenta is a wholly-owned subsidiary of ChemChina (China).

The company engages in the discovery, development, manufacture, and marketing of a range of products designed to enhance crop yields and food quality, worldwide. It operates through three business segments—crop protection, seeds, and business development. The company also develops, produces, and markets seeds and plants using genetics and related technologies, which comprise approximately 200 product lines and 5,000 varieties of proprietary genetics, including field crops, such as corn, soybean, rice, cereals, oilseeds, sugar beet, and vegetables. In addition, the company offers its consumers products for home and garden covering fungicides, herbicides, and insecticides. Pesticides are manufactured for turf, landscape, and professional pest management applications, which cover insect, weed control, and turfgrass growth, regulators. 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).

Is the growth in pest resistance against chemical compounds posing a challenge to the market?

Even though insects are effectively controlled by the application of chemicals, these insect species have the ability to develop resistance to insecticides when exposed to a larger dose of these active ingredients frequently. For instance, flies are known to have developed high resistance against all types of insecticides due to the improper handling of pesticides. According to the Center for Integrated Pest Management, over 600 species of pests have developed resistance to chemical compounds. This has prompted the use of biocontrol products and alternative measures including crop rotation to prevent pests from building any resistance.

In Japan and Hawaii, the diamondback moth had developed resistance against Bacillus thuringiensis due to lack of awareness on the dosage level and application technique. An increase in incidences of insect resistance and high R&D costs are expected to inflate the final price of the new generation of insecticides. These new-generation compounds can also turn into another ineffectual material when the insects develop resistance at a higher rate. The usage of plant-derived chemicals, adoption of integrated pest management practices, and availing the services of pest management professionals can lower the risks of insecticide resistance.

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How is the emergence of biological pest control solutions an opportunity for the market?

Innovations at both the ingredient and product levels have increased in recent years. For instance, the use of biological insecticides, which have few or no side effects on human health, is gaining high acceptance among service providers. It is estimated that the use of chemicals for insect control would subside gradually and consumers are expected to move towards biological options.

Major factors impacting market growth include the change in regulations and the development of resistance among pest organisms. The ban on neonicotinoid pesticide use in Europe is an example of the acceptance of biological control solutions as compared to chemicals. Growers have started replacing banned older and more toxic active ingredients with biological insecticides. Other future legal actions affecting the grower’s abilities to use established crop protection chemistries would attribute to increased market share for biological pesticides. Companies such as the Woodstream Corporation (US) and its Safer brand are among the key market players in the introduction and use of biological pest control solutions.

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