May 15, 2020

Pest Control Market Is Projected to Grow at an Exponential Rate over 2020 to 2030

Pest Control Market is valued around USD 20.03 Billion in 2019 and expected to reach USD 33.90 Billion by 2030 with the CAGR of 4.9% over the forecast period.

Pest control refers to the killing of pests which are main cause of heavy losses in different industries & can give rise to serious health problem on a large scale. The main aim of pest control is to prevent heavy loss and maintain the hygiene practices to ensure the safety of human beings. There has been growing inclination towards the biological method for pest control owing to the growing environmental concerns.

Global Pest Control Market report is segmented on the basis of pest type, control method, mode of application, application and by regional. Based upon pest type, the pest control market is fragmented into insects, termites, rodents, and wildlife. On the basis of control method, the market is categorized into chemical, biological and mechanical. On the basis of mode of application, the market is fragmented into sprays, baits and traps. Based on application the market is classified into, commercial, residential, & industrial. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.

The pest controls market is mainly driven by the constant rising demand from agricultural and other industries. There has been constant growth in urbanization along with technological advancement which has enhanced the use of chemical methods owing to the growing resistance against conventional methods. In addition, due to the rising environmental concerns which have further fueled the biological methods for pest control. On the other hand, stringent regulatory policies for hygiene along with safety as well as prevention from heavy losses have created the demand for effective pest control. Moreover, availability of wide variety of products to curb the pest problem with innovative methods is also likely to promote the market growth. However, high cost of advanced products with numerous side effects on human health & environment may impede the market growth.

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The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of technological advancement and stringent regulatory policies with advanced hygiene practices. Asia Pacific is expected to dominate the pest control market in terms of growth rate owing to the presence of huge agricultural industry along with rapid urbanization. In addition, growing awareness among consumer as well as high standards of living are also anticipated the market growth.

The major market players profiled in the pest control market includes Rentokil Initial Plc., BASF SE, Rollins, Inc., Bayer AG, Anticimex, Ecolab, The ServiceMaster Company, LLC, FMC Corporation, Syngenta, Dodson Pest Control, Inc., and Lindsey Pest Services among others.

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