USD 21.85 billion
Report ID:
SQMIG15E2402 |
Region:
Global |
Published Date: June, 2024
Pages:
165
|Tables:
91
|Figures:
76
Pest Control Market was valued at USD 21.85 Billion in 2022 and is poised to grow from USD 23.01 Billion in 2023 to USD 34.78 Billion by 2031, at a CAGR of 5.3% during the forecast period (2024-2031).
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 establishment of megacities, which has houses 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
Commercial
Fastest Growth
Commercial
Growth Rate
5.3% CAGR
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The pest control market is segmented based on Pest Type, Control Method, Application, Mode of Application and Region. Based on Pest Type, the market is segmented into Insects, Rodents, Termites, Wildlife, Other Pest Types. On the basis of Control Method, the market is segmented into Chemical (Insecticides, Rodenticides, Other Chemicals), Mechanical (Trapping, Mesh Screens, Ultrasonic Vibrations), Biological (Microbials, Plant Extracts, Predatory Insects), Software & Services. Based on Application, the market is segmented into Commercial, Residential, Livestock, Industrial, Other Applications. Based on Mode of Application, the market is segmented into Powder, Sprays, Pellets, Traps, and Baits. Based on region the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa.
Pest Control Market Analysis by Pest Type
The insect segment is the dominant category due to the high outlet density and pest-associated diseases like mouse-borne diseases, malaria, bedbugs, cockroaches, and ants. Due to their ability to act as vectors and transmitters of diseases such as malaria, dengue, and Zika virus, these insects have elicited the need for efficient pest eradication methods. Perhaps the most persuasive factor that cements the dominance of this segment more comprehensively is the increased use of insecticides and integrated pest management in different segments such as homes, offices, and farms. Global awareness over vector borne diseases plus the steady release of new enhanced insect control products have helped the insect segment to continue to maintain strong control in the pest control market.
Among the pest control products, the rodents segment is the most popular due to the increasing prevalence of rodents in urban and rural settings. These mice, rats and other rodents are known to cause great losses in property, pollute foods and also spread diseases in the community – hantavirus and leptospirosis to mention but a few. The rapid growth in the population density due to urbanization and poor management of waste also helps contribute to problems associated with rodents, thus driving up the need for effective rodent control. Technological advancements in a rodent control product like environment-friendly rat killing traps or non-toxic rat killing powders or pellets combined with the tendencies towards tougher legal requirements regarding public health standards are continuously fueling the rapid growth of this segment.
Pest Control Market Analysis by Application
The commercial segment is the dominant segment in the pest control market, especially due to the various rules and regulations that have been set by regulatory authorities for commercial establishments to maintain hygiene and safety measures. These are business segments like hoteliers, restaurants, hospitals, farms, dairies, and others, where pest management is essential to meet certain hygienic standards or simply due to potential negative impacts to their business. The necessity of frequent professional pest controlling in such conditions guarantees its constant popularity. Furthermore, the application segment corresponds vastly to the commercial pest control market due to growing concern of financial and health risks resulting from pest presence in businesses and companies.
The fastest growing segment in the pest control market is the residential segment due to increased concern regarding health and sanitation among the population. Higher disposable income as well as increased coverage in terms of residential areas, in line with increasing urbanization has translated to higher expenditure on pest control services. The increasing awareness about vector borne diseases, allergens from pests is also contributing to the demand. Moreover, improvement in pest control technologies and the increasing access to organic pest control products are also contributing to the increasing demand for pest control services. This fast growth, particularly in the residential segment, demonstrates growing trend towards preventative pest control in home environments.
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Currently, North America leads the pest control market owing to stringent laws implemented to control pests, high-risk awareness, and the large number of service providers. It is primarily due to the high development of pest control services in the region and large investments in the development of new effective technologies for pest control. The need for pest control services has been rapidly rising in the United States due to the rising emphasis on health and cleanliness, as well as requirements for pest management of homes, businesses, and farms respectively, support market expansion.
Asia-Pacific is the largest growing region in the pest control industry due to urbanization, high population growth rate and awareness of pest control for health and safety. In countries like China and India, the economic development has enhanced disposable income and better standards of living hence the need for pest control. Also, the increase in agricultural business and influx of pest in the densely populated region are other factors contributing to growth. Various government programs that support public health and proper hygiene also contribute towards driving the demand for pest solutions in this region.
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Pest Control Market Driver
Increasing Urbanization and Population Growth
Increased frequency of urbanization and population growth has led to the high demand of the pest control services. This is because with urban development there is increased population densities, and therefore there are more cases of pest invasions hence the need for efficient pest control solutions. This steady increase in populations also translates to higher resource consumption, and consequently, more waste production which is perfect for pest breeding, feeding the market.
Growing Awareness of Health and Hygiene
There is an increasing concern towards health and hygiene, which increases the need for pest control to be administered. These pests posses potential health hazards since they act as carriers of diseases and allergens. These communities turn to professional pest management for solutions to pest problems, achieving improved wellness, safety, and quality of life while raising awareness and promoting increased cleanliness and preventive measures in both residential and commercial settings.
Pest Control Market Restraints
High Cost of Pest Control Services
One of the major challenges that involve pest control services is the cost which may limit market growth. Sustainable advanced methods and technologies entail significant capital investment that may not be easily affordable by most consumers from developing areas. This aspect of affordability can reduce the market clientele base of both residential and commercial pest control service providers due to low patronage.
Environmental and Health Concerns
One threat to the pest control market is the issues to do with environmental and health risks involving chemical pesticides. Most of the chemical treatments are known to cause harm to the other species of wildlife, human beings and the physical surroundings as well. Controlling and restricting the usage of some chemicals employed in conventional pest control, as well as the rise in the global consumers’ awareness of ecological products and natural methods, present challenges to the traditional pest control system.
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The pest management industry can be described as experiencing intense globalization and having moderate fragmentation due to the existence of both global players and numerous regional ones. The market is oligopolistic, consisting of large global players, including Rentokil Initial Plc, Rollins Inc, Ecolab Inc and Terminix Global Holdings that boast highly developed networks and a wide range of products. These companies adapt other instrumentation in pest control and spend considerably in their research on improving pest control methods that aim to be long-lasting and environmentally friendly. Another interesting aspect influencing competition and the fact that we have many regional players who set up in specific or offer localized and individualized solutions.
Top Players in the Pest Control Market
Pest Control Market Recent Developments
In March 2024, Pelsis Group officially launched the company’s latest digital innovation: EverSmart Rodent, a brand new remote monitoring service for rodent management. About this new innovative product, it alarms the users about the movement of rodent station in real time as to improve both the fleet and operation productivity of the business and even the residents’ response time.
In June 2023, Bayer CropScience, a division of the German pharmaceutical major Bayer AG made headlines when it announced a strategic pact with India’s Crystal Crop Protection Ltd to create synergistic innovations in pest control solutions for the benefit of paddy growers in India. Many consider this partnership a milestone in achieving better yields among rice farmers, and better methods of crop protection in the area.
In June 2023, Corteva Agriscience opened a Centre of Excellence Crop Protection and Seed Research at Eschbach in Germany. Innovation via this facility will help ensure that sustainable solutions are offered to farmers. The expansion helps Corteva perform research for higher crop protection, which is necessary to protect the crops from diseases and pests, consequently driving the pest control market.
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 SkyQuest's analysis, Pest control market holds great potential in near future as concluded by SkyQuest based on rising trends of urbanization, enhanced Awareness of hygiene and health and the regulatory push for strict measurements related to pests. Pest management demand factors include the increasing population density in developing countries, the emergence of large cities, all of which increase pest-related risks. However, threats such as the fact that pest control services are relatively expensive and there is always the danger of causing harm to the environment through the use of chemical pesticides might affect market growth. Concerning, social and technological factors have emerged as keystone drivers that are a force for change in the pest control industry such as the pursuit for sustainable and environmentally friendly service delivery and Development in technologies for pest control both locally and internationally.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 21.85 Billion |
Market size value in 2031 | USD 34.78 Billion |
Growth Rate | 5.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
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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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 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 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 Pest Control Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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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Report ID: SQMIG15E2402