Pest Control Market Size, Share, Growth Analysis, By Pest Type(Insects, Termites), By Application(Residential, Commercial), By Control Method(Chemical, Biological) - Industry Forecast 2024-2031

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.