Global Baited Insect Traps Market - Outlook and Forecast 2022-2027
- Market Report
- ID: DAR089GA
- Delivery Time: 1 Business Day
- Tag: Baited Insect Traps
Market Overview
The global baited insect traps market is projected to reach $734.0 million by 2027, growing at a compound annual growth rate (CAGR) of 6.18%. Currently, the United States leads the global market for baited insect traps. These traps are extensively used in both commercial and residential sectors. Changes associated with climate change have contributed to a consistent demand for baited insect traps. As global temperatures rise due to climate change, pest infestations have increased. The market for baited insect traps continues to expand due to the growing need for bedbug, ant, termite, and mosquito management services worldwide. Pest management activities are crucial for protecting populations from potentially harmful diseases. Baited insect traps play a critical role in preserving local economies’ health and ensuring the safety of our food sources.
Vector-borne diseases (VBDs) are caused by viruses transmitted by vectors such as mosquitoes, flies, rodents, spiders, and others. Key examples of VBDs include malaria, zika, dengue, yellow fever, West Nile virus, and plague. With the rise in vector-borne diseases globally, the demand for vector control products, including baited insect traps, is expected to increase.
Product Type | Market Report |
---|---|
No. of Pages | 236 |
Release Date | September 2022 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Market Size | USD 734 Mn incremental growth between 2021 and 2026 |
Market Segments | Bait Type, Pest Type, End-User, Distribution Channel, and Geography |
Region | Global |
No. of Companies Mentioned | 11 |
Across the world, the significance of baited insect traps is growing alongside changing climatic conditions. Insects are ectothermic organisms, meaning their body temperature is regulated by the environment. Therefore, temperature is a crucial environmental factor influencing insect behavior, development, distribution, reproduction, and survival.
Assessing the effectiveness of baits poses a challenge and hampers the growth of the baited insect traps market. Baits are typically designed to target specific groups of insects, such as cockroaches. However, different species within the targeted group may respond differently to the bait formulation, resulting in variations in control efficacy based on the composition of the pest population.
Market Segmentation
The market is segmented based on various factors, including bait type, pest type, end-user, distribution channel, and geography.
Segmentation by Bait Type
Gel and Paste Baits
Granular Baits
Liquid Baits
Segmentation by Pest Type
Cockroaches
Ants
Moths & Flies
Bed Bugs
Others
Segmentation by End-User
Commercial End-User – Hospitality, Hospitals, Commercial Warehousing, Agriculture, Others
Residential End-User
Others End-User
Segmentation by Distribution Channel
Offline
Online
Segmentation by Geography
North America – US, Canada
Europe – Germany, France, UK, Italy, Spain
APAC – China, Japan, India, South Korea, Australia
Latin America – Brazil, Mexico, Argentina
Middle East & Africa – South Africa, Saudi Arabia, UAE
One of the most common formulations used by professionals in the baited insect traps market is gel and paste baits. These formulations are particularly effective against termites, cockroaches, and ant infestations. Gel and paste baits are easy to apply as they come ready to use, and they are created by combining the active ingredient with food or an attractant carrier.
Cockroach bait is a modern pest control method specifically designed to target indoor sites infested with cockroaches. This approach takes advantage of the coprophagic and cannibalistic tendencies of cockroaches. Cockroach baits are available in various forms, including ready-to-use plastic stations and large plastic syringes.
In many commercial applications, such as hospitality, hospitals, and retail warehouses where pest numbers are high, the regular use of baited insect traps has become essential. The cost of these traps is relatively small compared to the potential losses caused by pests, making them a cost-effective solution. Moreover, using baited insect traps helps establish positive customer relationships.
Offline sales currently dominate the baited insect traps market, primarily due to lower customer awareness and preferences for online purchases. Department stores, which offer products from multiple brands organized into separate departments, provide ample opportunities for vendors in the baited insect traps market to reach a wide customer base.
The global demand for baited insect traps has been driven by factors such as increasing disposable income and the expansion of commercial and residential spaces. Mature markets in North America and Europe experience high demand across all application sectors. These regions are rapidly adopting new pesticides that are environmentally friendly and do not pose risks to human health. In the Asia-Pacific (APAC) region, China and industrialized economies like Australia, Korea, and Japan drive the growth of the market. However, developing regions such as APAC, Latin America, and the Middle East and Africa (MEA) are slower in adopting baited insect traps.
Competitive Landscape
The global market for baited insect traps is characterized by strong competition, and it includes various vendors. In the pest and termite control markets, strategic approaches such as operational quality, proximity to consumers, guarantee terms, technological expertise, and pricing play a crucial role. Given the changing dynamics, vendors are compelled to adapt and optimize their unique value propositions in order to establish a strong presence in the market. Developed countries like the US and Western European nations have a high level of consumer penetration, while emerging economies like China and India show promising growth due to the entry of numerous foreign brands and increasing awareness of hygiene among end users.
Key companies profiled in this report include Spectrum Brands, Catchmaster, Henkel, PF Harris, Fujian Blue-touch Products, TERRO, Earth Corporation, SC Johnson, Pelsis, Syngenta, Aeroxon.
Key Questions Answered
HOW LARGE IS THE MARKET FOR BAITED INSECT TRAPS?
The global market for baited insect traps is projected to reach USD 734.04 million by 2027.
WHAT IS THE RATE OF GROWTH FOR THE BAITED INSECT TRAPS MARKET?
The baited insect traps market is expected to grow at a CAGR of 6.18%.
WHO ARE THE KEY PLAYERS IN THE BAITED INSECT TRAPS MARKET?
Some of the major players in the baited insect traps market include Spectrum Brands, Catchmaster, Henkel, PF Harris, Fujian Blue-touch Products, and TERRO.
WHAT ARE THE MAIN DRIVERS OF GROWTH IN THE BAITED INSECT TRAPS MARKET?
The growth of the baited insect traps market is primarily driven by factors such as increasing incidences of vector-borne diseases, growing adoption of integrated pest management practices, and rapid urbanization coupled with population growth.
WHICH REGION IS EXPECTED TO DOMINATE THE STERILIZATION EQUIPMENT MARKET BY 2027?
North America is anticipated to hold the largest share in the sterilization equipment market by 2027.
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