Fly Control Chemicals Market for Waste Management Expected to Reach $120.9 Billion by 2026

According to a new report published by Allied Market Research titled, "Fly Control Chemicals Market for Waste Management by Type, Application, and End-Use: Global Opportunity Analysis and Industry Forecast, 2019–2026," the fly control chemicals market for waste management accounted for revenue of $74.4 billion in 2018 and is anticipated to generate $120.9 billion by 2026. The market is projected to experience growth at a CAGR of 6.1% from 2019 to 2026.

Waste management is the process of treating solid wastes. It includes different activities such as collection, transport, treatment, and disposal as well as examination and regulation of waste. Insecticides are utilized at the treatment stage of the waste management process.

Increase in waste generation and rapid rise in insects are the major factors expected to drive the growth of the global fly control chemicals market for waste management. In addition, factors that boost the insect population are rapid industrialization, urbanization, climate change, and improper waste management. Constant changes in climatic conditions is a prominent factor for growth of insects, as they thrive at elevated temperatures. Owing to warmer temperature, metabolic rate of insects increases, which boosts their appetite at a considerable rate. In addition, rise in temperature increases the reproductive rates of insects. Thus, change in climatic conditions have led to increase in pests, thereby fueling the growth of the global fly control chemicals market for waste management. However, the difficulties related to the storage and handling of insecticides act as one of the significant factors restraining the growth of the market. On the contrary, implementation of government regulation for waste management is anticipated to offer lucrative growth opportunities during the analysis period.

The fly control chemicals market for waste management is segmented based on type, waste treatment method, method of application, active ingredient, and country. By type, the market is bifurcated into larvicide and adulticide. On the basis of waste treatment method, it is categorized into mechanical biological treatment (MBT) and anaerobic digestion. By method of application, it is classified into toxic bait, dichlorvos vaporizer, outdoor space spraying, larvicide sprayers, and others. On the basis of region the fly control chemicals market for waste management is analyzed across four main region i.e. North America, Europe, Asia-Pacific, and LAMEA. Fly control chemicals market share for waste management is analyzed across all the segments and regions.

Based on type, the adulticide segment occupied the highest share of 74.6% in terms of revenue in the overall market in 2018 and is expected to continue its dominance throughout the analysis period. Adulticide is a prominent type of insecticide used in waste management as there are large numbers of adult mosquitos and flies present in the waste treatment plants. These adults have a greater tendency to multiply rapidly in favorable temperature conditions. Thus, it is important to prevent their growth before their breeding season.

Based on waste treatment method, the mechanical biological treatment (MBT) segment accounted for the highest share of 40.0% in terms of revenue in 2018. It is widely adopted as compared to traditional treatment methods, owing to positive environmental externalities comprising improved landfill efficacy, such as the positive modification of leachate and landfill gas (LFG) production and quality.

Based on method of application, the outdoor space spraying segment dominated the market in 2018, with a revenue share of 25.0%. Outdoor space spraying method is widely adopted in Europe, as it has animmediate effect on the adult populations of insects, and less insecticide is required for one-time application.

Based on region, Asia-Pacific accounts for a major share in the market. This is attributed to rise in generation of organic waste, which correspondingly increases the adoption of insecticides.
The key players operating in the market include Biodegma GmbH, BTA International GmbH, Nehlsen AG, FCC Austria Abfall Service AG, Veolia, AMEY PLC, Biffa, Renewi PLC, Remondis SE & Co. KG, and LafargeHolcim Ltd.

Key Findings of the Study:

• The fly control chemicals market for waste management is analyzed from 2018 to 2026
• The Asia-Pacific is projected to grow at the highest CAGR of nearly 6.5%, in terms during the forecast period
• The fly control chemicals market analysis for waste management covers in-depth information of the major industry participants
• Based on the method of application, the outdoor spray spraying segment is anticipated to garner highest market share of 24.7%
• Asia-Pacific dominated the market with a share of over 53.9% in 2018
• A comprehensive analysis of the factors that drive and restrain the market growth is provided
• The qualitative data in this report aims at the market dynamics, trends, and developments in the industry
• The fly control chemicals market size for waste management is provided in terms of revenue