IS THE MARKET FOR BAITED INSECT TRAPS LARGE?
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Baited insect traps are widely used in the commercial and residential sectors. Climate change-related changes have become a source of steady demand for baited insect traps. Infestation of pests globally has risen with increasing global temperatures following climate change. The baited insect traps market continues to expand with growing demand for bedbug, ant, termite, and mosquito management services worldwide. Pest management activities are essential to safeguard a population against potentially harmful diseases. The baited insect traps play a critical role in preserving the local economies' health and the food sources from which we benefit.
The global baited insect traps market is expected to reach $734.04 million by 2027, growing at a CAGR of 6.18%. The US is the leading country globally in the baited insect trap market.
Trend: Increase in Vector-Borne Diseases: Vector-borne diseases (VBDs) are caused by viruses spread by vectors such as mosquitoes, flies, rodents, spiders, and others. The main VBDs include malaria, zika, dengue, yellow, West Nile, and plague. With the increase in vector-borne diseases worldwide, the demand for vector control products like baited insect traps is expected to rise.
Drivers: Impact of Climate Change on Increasing Pest: Across the globe, baited insect traps are becoming increasingly important with the change in climatic conditions. Insects are cold-blooded organisms; their body temperature is around the same as that of the environment. Thus, the temperature is possibly the single most important environmental factor influencing insect behavior, development, distribution, reproduction, and survival.
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