Pest Control Market Overview:
Global Pest Control Market was valued at $15,982 million in 2016 and is expected to reach $23,187 million by 2023, registering a CAGR of 5.4% during the forecast period. Changes in climatic conditions favor the development of pest, which causes a threat to human health. According to the data provided by NHS, the number of people suffering from insect bites in England increased to over 5,000 per year.
Economic activity is one of the major factors driving the pest control market. Rise in industrialization demands for zero tolerance towards pests. This in turn, augments the demand for pest control in these industries. In addition, the changes in climatic conditions that help the growth of pests also increases the demand for pest control, which in-turn fuels the growth of the pest control market. Implementation of new regulations demanding pest control in commercial building is anticipated to drive the global market during the forecast period. Problems related to application of pest control products is one of the major factor that restrains the growth of the pest control market. Moreover, these products form residue and accumulate, which in turn can cause health issues to consumers.
The report segments the global pest control market based on type, pest control, application, and geography. Based on type, the market is divided into chemical, mechanical, biological, and others. On the basis of pest type, the market is classified into insects, termites, rodents, wildlife, and others. The application areas of the industry are broadly classified into residential, commercial, agricultural, industrial, and others. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global pest control market till 2023.
Top Investment Pockets
The agriculture segment is anticipated to expand at the highest CAGR during the forecast period. In terms of value, the commercial and residential segments collectively accounted for more than half share in the overall market. The agriculture segment is the top investment pockets in the global pest control market, owing to the increase in demand and reduction of loss of crops. In addition, easy availability of pest control providers is also anticipated to fuel the demand for pest control management during the forecast period.
North America Pest Control Market
North America marks the presence of over half of the pest control companies in the world. One of the major trends in the North America pest control market is the market consolidation. In addition, the major players in the market have a huge potential for mergers and acquisitions. North America is expected to witness increase in demand for pest control services as the new food safety and hygiene legislations are expected to come into force in this region. North America accounted for almost half share in the global pest control market. The market is anticipated to augment due to rise in awareness pertaining to outbreaks of diseases related to pests.
North America Rodents Pest Control Market, 2016-2023 ($million)
The global pest control market is highly fragmented with presence of small players. The prominent players in the global pest control market have strategically focused on mergers and acquisitions as their key strategy to gain significant share in the market. The key players profiled in the report are Rentokil Initial PLC, BASF SE, EcoLab Inc., Syngenta AG, National Pest Control, Orkin, LLC, Lindsey Pest Control, Bayer AG, FMC Corporation, and Rollins, Inc.
Other players not profiled in the report include Indian Pest Control Company, Terminix International Company, L.P, Bell Laboratories Inc., Mitie Group PLC, Brunswick Pest Control Inc, Venus Pest Company, OPC Pest Control, Pesitcon, Home Paramount Pest Control, and Wil-Kil Pest Solutions.
- This report provides an extensive analysis of the current trends and emerging estimations in the global pest control market.
- In-depth analysis of the industry is conducted through market estimations of key segments for the period 2017 to 2023.
- Competitive intelligence of leading manufacturers and distributors of pest control helps understand the competitive scenario across geographies.
- Comprehensive analysis of factors that drive and restrain the growth of the global pest control market is provided in the report.
- Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The key players are profiled along with their strategies to determine the competitive outlook of the market.
Pest Control Market Key Segmentation:
By Pest Type
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA