The global ant control market is set to gain momentum from the increasing research and development activities conducted by prominent companies to introduce novel ant control devices and products. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Ant Control Market Size, Share & Industry Analysis, By Product Type (Spray, Bait, Powder), By Application (Residential, Commercial, Industrial, Farmland) and Regional Forecast, 2020-2027.” The report further states that ants are the most common insects that tend to destroy industrial, commercial, and residential areas. Hence, there is a high demand for these products.
Currently, the world is facing major economic challenges because of the outbreak of the COVID-19 pandemic. It has caused a surge in the prices of raw materials, complete shutdown of companies, and disturbed supply chains severely. Unless and until a vaccine is found, nobody knows till when we will have to continue facing such grave challenges. We are providing authentic reports to help you in boosting sales amid the pandemic.
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This Report Answers the Following Questions:
- Which segment is set to lead the market in the near future?
- Which company would earn the highest revenue in the coming years?
- How will key players surge sales of ant control solutions amid COVID-19?
- What are the estimated, historical, and current sizes of the global market?
Drivers & Restraints-
Increasing Number of Hotels, Restaurants, & Housing Societies to Aid Growth
Ants carry various bacteria and germs with them that can further spread numerous diseases, such as asthma and cause allergies. These conditions can prove to be hazardous for humans and pets. The rising death rates owing to such diseases caused by insects are set to increase the demand for ant control solutions and devices. Ants are one of the most common pests found in offices, warehouses, restaurants, hospitals, and residential areas. This is because these places provide them with shelter, food, and water.
Furthermore, the increasing number of housing societies, healthcare facilities, workplaces, and hotels is causing people to restrict the prevalence of ants. Also, the rising awareness programs regarding hygiene would contribute to this growth. Though the complete eradication of ants is impossible, the usage of ant control solutions would help in preventing their impact on human lives. However, governments are imposing stringent laws on the commercial application of these products. This factor may obstruct the ant control market growth in the coming years.
North America to Dominate Stoked by Rising Number of Residential Projects
Geographically, North America is expected to generate the largest ant control market share in the near future. This growth is attributable to the rising number of warehouses, offices, and housing societies in the region. Also, the increasing prevalence of ants would aid growth. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development stated that approximately 765,000 new houses were sold in the U.S. in February 2020. This would propel people to opt for ant control services.
Asia Pacific, on the other hand, is expected to grow rapidly backed by the increasing damage of crops caused by ants. Besides, the rising prevalence of allergies and other transmitting disease associated with pests in the region would bolster growth.
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Key Players Focus on Launching Innovative Products to Cater to Rising Demand
The global market for ant control is fragmented with the presence of various prominent companies. They are mainly trying to invest in research and development activities to introduce state-of-the-art products in the market. Below are the two latest industry developments:
- March 2020: Syngenta AG introduced its latest Outcast Ant Bite station that is ready-to-use. It is an effective and clean ant control solution that prevents the prevalence of ants.
- February 2020: Neudorff U.S.A. unveiled its latest ant control solution named Antixx Fire Ant Bait. It contains spinosad, an active ingredient.
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