Global Pest Control Market

Pest Control Market Size, Share, Growth Analysis, By Pest Type(Insects, Termites, Rodents, Wildlife), By Application(Residential, Commercial, Industrial), By Control Method(Chemical, Biological, Mechanical Treatment.), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2402 | Region: Global | Published Date: June, 2024
Pages: 165 | Tables: 91 | Figures: 76

Pest Control Market Insights

Pest Control Market size was valued at USD 21.85 billion in 2019 and is poised to grow from USD 23 billion in 2023 to USD 34.3 billion by 2031, growing at a CAGR of 5.3% in 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 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.

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Pest Control Market size was valued at USD 21.85 billion in 2019 and is poised to grow from USD 23 billion in 2023 to USD 34.3 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

Top Players in the Pest Control Market 'Rentokil Initial plc', 'Ecolab Inc.', 'Rollins Inc.', 'Terminix Holdings Inc.', 'Anticimex Group', 'Truly Nolen of America Inc.', 'Massey Services Inc.', 'Arrow Exterminators Inc.', 'Rentokil Steritech', 'Western Exterminator Company', 'The ServiceMaster Company LLC', 'JG Pest Control', 'Orkin LLC', 'FMC Corporation', 'Bayer AG', 'BASF SE', 'Syngenta AG', 'DowDuPont Inc.', 'Spectrum Brands Holdings Inc.', 'Bell Laboratories Inc.'

Pest control is one of the most crucial elements of food safety in the food supply chains. In addition to climate change, changes in the production, sourcing, and distribution of food have increased the possibility of pests contaminating food. Additional factors that are anticipated to motivate food producers and manufacturers to create more effective and sustainable solutions to assure food quality and safety include stricter laws for food safety and changes in consumer preferences.

Due to its low servicing costs and ability to operate constantly in remote and challenging-to-access regions without affecting the facility's functionality, AI has becoming more widely used. Consequently, it is anticipated that during the next few years, demand for digital pest control solutions would increase significantly.

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.

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Global Pest Control Market

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