According to a new report by Expert Market Research titled, “Pest Control Market Share, Size, Analysis, Report and Forecast 2024-2032″,by Expert Market Research gives an extensive outlook of the global pest control market, assessing the market on the basis of its segments like pest type, control method, mode, application, and major region.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Pest Control Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2032)
- Historical Market Size (2023): USD 21.17 billion
- Forecast CAGR (2024-2032): 5.4%
- Forecast Market Size (2032): USD 28.33 billion
The increasing demand for pest control services from the residential sector is driving the pest control market. Increasing penetration of rodents, mosquitoes, and harmful insects containing bacterial contaminants, is escalating the demand for pest control products. In addition, escalating urban population density amidst the growing migration from rural areas in both developed and developing economies is impacting hygiene consciousness and food habits. This factor is likely to provide impetus to the global pest control market in the forecast period.
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Escalation in the number of pest control service providers across emerging economies is augmenting the supply chain, making these services more accessible. In addition, the growing efforts by these players to produce biocontrol agents as an effective method to reduce the multiplication of pests are anticipated to bolster the market in the forecast period.
Moreover, the increasing concerns pertaining to the growing prevalence of chronic fatal diseases such as dengue, malaria, yellow fever, and zika virus fever, among others, is likely to escalate the growth of the market for pest control in the coming years. Favourable policies of various governments aimed towards enhancing safety of the environment are likely to boost the pest control market in the coming years.
Pest Control Industry Definition and Major Segments
Pest control refers to the process of controlling, managing, and eradicating unwanted insects or pests such as bed bugs, poisonous spiders, rodents, and cockroaches. This method is used to reduce the risk of damage to the environmental components such as crop yield, wood, or plants and to people in the vicinity.
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Based on pest type, the market is segmented into:
• Insects
• Termites
• Rodents
• Wildlife
• Others
By control method, the market is categorised into:
• Mechanical
• Biological
• Chemical
• Others
On the basis of mode, the market is divided into:
• Powder
• Spray
• Traps
• Baits
Based on application, the market is categorised into:
• Commercial
• Residential
• Industrial
• Agriculture
• Others
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Pest Control Market Trends
The key trends in the global pest control market include the heightening usage of pest control products in the commercial sector. Rapid urbanisation across semi-urban areas has led to an increased development of hotels, restaurants, hospitals, and ambulatory surgical centres, among others. Hence, the increasing safety standards across these commercial units are expected to add to the market growth for pest control in the forecast period.
Technological advancements in pest control services, involving the incorporation of IoT and artificial intelligence are likely to bolster the pest control market growth. Increasing investments in automation of pest control to improve the quality and maintenance of areas prone to pests are further escalating market demand.
In geographical terms, North America is likely to be a fast-growing region in the forecast period, owing to the rising increasing dominance of leading pest control service providers. High standards of cleanliness and rising health consciousness among the population of well-established economies such as the United States are heightening the market growth in this region. Moreover, growing research and development activities to offer eco-friendly and efficient pest control services are anticipated to lead to the development of sustainable pest control options.
Key Market Players
The major players in the global pest control market report are
• Anticimex International AB
• BASF SE
• Bayer AG
• Syngenta Crop Protection, LLC
• Rollins, Inc.
• Rentokil Initial plc
• Dodson Pest Control, Inc.
• Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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