Pest Control Market

Pest Control Market Research, 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.

Market Highlights

The Pest Control Market is expected to project a notable CAGR of 5.5% in 2032.

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: Segments

The Termite segment is expected to grow with a higher CAGR during 2022-32

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.

The Residential segment is expected to grow with a higher CAGR during 2022-32

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.

Market Dynamics

Growth Drivers

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.

Restraint

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.

Recent Developments

• Rentokil Initial plc, a leading commercial pest control services provider, in January 2021 announced that it acquired Environmental Pest Services ('EPS'), a full-service commercial and residential pest control company of Tampa, Florida. This acquisition assists Rentokil Initial plc. in their approach to acquire pest control businesses that create customer density and boost their reach in main local markets.
• As per Syngenta Crop Protection, a leading global crop protection organization announced the launch of the product in November 2020. A number of different crops can be protected using Spiropidion, a new innovative technology, from pests that are particularly harmful and challenging to control.
• An international leader in pest management, Anticimex Group, revealed in May 2021 that it acquired Palmera Junior, a Colombian family-owned business with a strong track record of expansion. In order to launch an expansion strategy in this quickly expanding sector, Anticimex undertook the first strategic acquisition in Latin America.

Pest Control Market: Key Players

• Rentokil Initial
• Bayer
• Anticimex
• Syngenta
• Terminix
• 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
• Other Prominent Players

Pest Control Market : Regions

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.

Impact of Covid-19 on Pest Control Market

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.

Pest Control is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Pest Control report also contains analysis on:

Pest Control Segments:

• By Pest Type 
  • Insects
  • Termites
  • Rodents
  • Others 
• By Method 
  • Chemical
  • Mechanical
  • Biological 
• By Application
  • Residential
  • Commercial
  • Industrial 
• Pest Control Dynamics
• Pest Control Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Pest Control Market Report Scope and Segmentation

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