Pest Control Market: By Pest Type (Insects, Termites, Rodents, Others), By Method (Chemical, Mechanical, Biological), By Application (Residential, Commercial, Industrial), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Pest Control Market to surpass USD 39.9 billion by 2032 from USD 22.2 billion in 2021 at a CAGR of 5.5% in the coming years, i.e., 2022-32.
Pest Control simply means the management or regulation of a species that negatively affect human activities. An integrated pest management approach includes the use of pest control techniques. Pests are dealt with in agriculture through cultural, biological, and chemical techniques. Cultivation and ploughing of the soil prior to sowing alleviate the pest burden and there is a new trend to restrict the use of pesticides to a great extent. The pests in houses and urban settings are rats, insects, birds, and other creatures that share the habitat of people and contaminate their property. These pests are controlled by chemical, physical, repulsion, exclusion, or repulsive techniques.
The growing advancements in biocontrol agents used to control the pest population are emerging as a vital pest management technique. These biological agents are less hazardous than a few more prominently used chemical pesticides as they are naturally present in living organisms. They are hence becoming more integrated into the industry.
Pest Control market is categorized on the basis of Pest Type into Insects, Termites, Rodents, and Others. The market for termites is projected to grow with a faster CAGR. The average cost for homeowners to repair termite damage is nearly USD 3,000. Customers in the market are more likely to turn to pest control services for termite treatment in order to avoid this. This is a key driver of the growth of the segment. The Insects segment registered a major share in 2019. A major driver of the segment’s growth is the rise in the number of insects, mainly bed bugs.
Pest Control market is categorized on the basis of application into Residential, Commercial, and Industrial. In the forecast period, it is expected that the residential market would grow significantly. Urbanization is becoming more prevalent, which is contributing significantly to the growth of the segment. The growing demand for higher hygiene standards with respect to increasing pressure on resources and space is a major factor for the segment growth.
The Growing Concern about Ill-Effects of Pests on Human Health
The market is expanding due to rising economic activity, a growing population, ill effects of insects, intolerance for pests, and other factors. The global increase in demand for pest management services is mostly driven by climate change. People are negatively affected by pests, and they can occasionally harm their health. Allergens that aggravate people with delicate medical conditions might be carried by pests. To avoid the worst-case situation, customers in the market are anticipated to be more inclined toward pest control services, coupled with preventative steps to avoid possible damage.
The Increasing Number of Innovative Solutions Created by Firms to Improve Service Efficiency
The global pest control market is flourishing due to the increased focus on the use of biocides. They are used to replace conventional pesticides more often as they are more eco-friendly. In order to get a foothold in the established market, businesses are using cutting-edge technical solutions to improve service efficiency. A few examples include online sales, route optimization, the use of pest-spotting smartphone apps, wireless communications technology to offer on-the-spot technical support, and smarter extranets to give clients access to more management data.
The Rising Ill-Effects of Chemical Pesticides on the Environment
Government and organizations like the United States Environmental Protection Agency strictly regulate pesticides and their commercial use (EPA). Due to the hazardous nature of pesticides, particularly chemical pesticides, and their negative effects on the environment, appropriate agencies are closely and strictly monitoring their use. Another major problem limiting expansion is the stringent registration and approval procedures for pesticides in many nations. Moreover, the pest treatment sector may be hampered by a lack of qualified pest management specialists, mainly in some developing nations.
Pest Control market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America currently registers the larger share of the pest control market and is anticipated to retain its position over the forecast period. One of the key elements influencing the regional market is the high awareness of the negative impacts on health and the economic damage brought on by insect assaults. The Asia-Pacific market is expected to witness faster growth in the coming years. Numerous rising economies in the Asia Pacific, including India, Malaysia, China, and others, are speedily intensifying their urbanization efforts, creating a solid potential for businesses and service providers.
Nearly all industries were affected by the global COVID-19 outbreak and subsequent lockdowns in numerous economies. Since trade across many economies was stopped, this crisis persisted in the following months. The effects of pandemic on the pest management market, however, are predicted to be manageable. Due to growing knowledge and widespread use of hygiene, it may expand at a rapid rate in the years to come.
|Market size value in 2021
|USD 22.2 Billion
|Revenue forecast in 2032
|USD 39.9 Billion
|CAGR of 5.5% from 2022 to 2032
|Base year for estimation
|Revenue in USD million and CAGR from 2022 to 2032
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Pest Type, Method, Application, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|Rentokil Initial Plc, Bayer AG, Anticimex, Syngenta, Terminix International Company L.P, Rollins Inc., ServiceMaster Global Holdings Inc., Ecolab Inc., Massey Services Inc., Truly Nolen, Bell Laboratories, NBC Environment, Eastern Pest Control Corporation, Cleankill Pest Control, FMC Corporation, and Other Prominent Players.
The Pest Control market size was estimated at USD 22.2 Billion in 2021 and is expected to reach USD 39.9 Billion in 2032.
Pest Control simply means the management or regulation of a species that negatively affect human activities. An integrated pest management approach includes the use of pest control techniques.
The Termites and Residential segments accounted for the larger share of the Pest Control Market.
Key players in the Pest Control market are Rentokil Initial Plc, Bayer AG, Anticimex, Syngenta, Terminix International Company L.P, Rollins Inc., ServiceMaster Global Holdings Inc., Ecolab Inc., Massey Services Inc., Truly Nolen, Bell Laboratories, NBC Environment, Eastern Pest Control Corporation, Cleankill Pest Control, FMC Corporation, and Other Prominent Players.
The major drivers of the Pest Control Market are the advancement of Pest Management technology and its growing acceptance across a variety of application domains.
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