USD 21.85 billion
Report ID: SQSG15E2056 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 91 | Figures: 76
Pest Control Market size was valued at USD 21.85 billion in 2021 and is poised to grow from USD 23 billion in 2022 to USD 34.3 billion by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).
Since house flies, bed bugs, cockroaches, and other pests frequently inhabit areas where people engage in activities that could seriously harm their health, pest management has become increasingly important in recent years. The expansion of urbanisation in developing markets and the establishment of megacities, which house over 15-20 million people, are responsible for the surge in popularity of pest control solutions.
Throughout the forecast period, it is also projected that severely changing climatic conditions, steadily rising environmental pollution, and the movement of insect species from rural to urban areas by migrant populations would all contribute to the growth of the worldwide pest control market.
The cost-effectiveness of the latest formulations and the toxicity and side effects connected with pest control products, however, are anticipated to restrain the expansion of the pest control market.
Due to their high population densities and sizable middle-class populations who are embracing pest management services in the region, markets like China and India are among the primary markets targeted by pest control service providers and pesticide suppliers.
US Pest Control Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 21.85 billion
Largest Segment
Insects
Fastest Growth
Insects
Growth Rate
5.3% CAGR
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The global pest control market is segmented based on pest type, method of application, control method and region. Based on pest type it is categorized into insects, termites, rodents, and wildlife. Based on application Pest Control Market is categorized into: residential, commercial, industrial. On the basis of control method it is classified into chemical, biological, and mechanical treatment methods. Based on region Pest Control Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Pest Control Market Analysis by Pest Type
A significant part of the pest types for which pest management is frequently used are insects. Since insects are known to be a severe hazard to both agricultural and non-agricultural areas, numerous goods and services are needed to manage and eliminate them. A significant hazard to human health is the spread of insects like ants and mosquitoes and their capacity to multiply exponentially. The pest control market solutions is expected to increase significantly in emerging countries, particularly in those with warm, humid climates, which are suitable for the development of a variety of insects. The rodent pest control industry is expected to benefit in the next years due to the fast growing rat and mouse population and increased awareness of the diseases they carry.
Pest Control Market Analysis by Application
Due to the rapid increase in the number of commercial buildings, the commercial segment has generated the most income in the year 2021.
The commercial segment, which includes offices, malls, hospitals, schools, and other commercial structures, is expected to continue to grow. The industry is being heavily driven by the high health and financial concerns associated with a pest infestation at public and commercial locations. During the projected period, the market size is anticipated to increase due to the increased affordability of commercial pest management services and governmental backing for various commercial pest management programmes. Because there are more homes being built and because common pests like cockroaches, rodents, ants, and others are becoming more widespread in homes, there will be a significant increase in demand for pest management goods and services in the residential market.
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By region, the pest control market is spread across North America, Europe, Asia-Pacific, and LAMEA. While the Asia Pacific market is estimated to develop at the highest CAGR of 6.7 percent by 2028, the North American pest control market is predicted to be the largest by that time. North America had the greatest pest control customer base in 2021. It continues to be the leading pest control market with a share of 50.8 percent. Over 20,100 pest control businesses with an average of six technicians operate in North America. A steadily expanding economy and a strengthening real estate market have led to increased investments in both residential and commercial properties.
European nations are also concentrating on environmental protection and supportive government programmes to encourage the use of bio-based insecticides.
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Pest Control Market Driver
Pest Control Market Restraint
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Top Players in the Global Pest Control Market
Pest Control Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by application, the commercial segment has the largest share of the pest control market. Pest type-wise, the insect segment has dominated the market. Region-wise, the North America region accounted highest market share with more than 50% of total market revenue.
Report Metric | Details |
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Market size value in 2021 | USD 21.85 billion |
Market size value in 2030 | USD 23 billion |
Growth Rate | 5.3% |
Base year | 2021 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Pest Control Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Pest Control Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Pest Control Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Pest Control Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Product ID: SQSG15E2056