Pest Control Market Size, Share, Growth Analysis, By Pest Type(Insects, Rodents, Termites, Wildlife), By Control Method(Chemical (Insecticides, Rodenticides, Other Chemicals), Mechanical (Trapping), By Application(Commercial, Residential, Livestock, Industrial), By Mode of Application(Powder, Sprays, Pellets, Traps), By Region - Industry Forecast 2024-2031

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).

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. 'Anticimex International AB (Sweden) ', 'BASF SE (Germany) ', 'Bayer AG (Germany) ', 'Syngenta Crop Protection, LLC (Switzerland) ', 'Rollins, Inc. (Georgia) ', 'Rentokil Initial plc (UK) ', 'Dodson Pest (US)  ', 'FMC Corporation (US) ', 'ADAMA (Israel) ', 'RATSENSE (Singapore) ', 'Brandenburg (Germany) ', 'Orkin LLC (US) ', 'Terminix Global Holdings Inc. (US) ', 'Massey Services Inc. (US) ', 'Truly Nolen Pest Control (US) ', 'Arrow Exterminators Inc. (US) ', 'Ehrlich Pest Control (US) ', 'Hawx Pest Control (Canada) ', 'Peachtree Pest Control (US)'

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.