Pest Control Market Expected to Reach $39 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Pest Control Market," The pest control market was valued at $22.6 billion in 2022, and is estimated to reach $39.0 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Pest control includes the management and regulation of pests that adversely affect human health and the environment. Implementation of stringent government regulations in the developed regions, such as North America and Europe, toward conservation of environment and favorable government initiatives to promote the use of bio-based pesticides are expected to drive the growth of the global pest control market.

In addition, constant changes in climatic conditions prominently promote the growth of pests, as pests survive at elevated temperature. However, toxicity and health-related issues due to chemicals present in pesticides restrain the growth of the market. On the contrary, ongoing R&D activities to increase the dependency on bio-based pesticides are expected to offer lucrative growth opportunities for market expansion during the forecast period.

Furthermore, as urban areas expand and the global population continues to grow, the likelihood of pest infestation increases. The need for pest control services rises in urban environments due to the abundance of food sources, shelter, and conducive conditions for pests to thrive. Moreover, the pest control industry has embraced technological advancements to improve the efficiency and effectiveness of pest control methods. Innovations include the development of eco-friendly and targeted pest control products, the use of advanced sensors and monitoring systems, and the application of data analytics for pest detection and prevention.

The global pest control market is segmented into type, pest type, application, and region. Depending on the type, the market is categorized into chemical, mechanical, biological, and others. On the basis of pest type, it is classified into insects, termites, rodents, and others. The insect segment is sub-segmented into bedbugs, cockroaches, mosquitoes, ants, flies, and others. By application, the market is segregated into commercial, residential, agriculture, industrial, and others. Region-wise segmentation includes North America, Europe, Asia-Pacific, and LAMEA.

Depending on type, the chemical segment accounted for major share in 2022, owing to the development of new and more targeted pesticides that have improved the effectiveness and efficiency of chemical pest control. In addition, advancements in formulation techniques and delivery systems have made pesticides more precise, thus reducing the quantity required for effective pest control.

On the basis of pest type, the insects segmented accounted for the largest market share in 2022 owing to increase in awareness of the impact of insect pests on public health, agriculture, and urban settings has led to a growing demand for effective insect pest control measures.

By application, the commercial application segment was the major shareholder in 2022 owing to increase in demand for pest control products and services across various industries, including hospitality (hotels, restaurants), food processing and storage facilities, healthcare facilities, retail stores, educational institutions, warehouses, and office buildings.

Region wise, North America dominated the market in 2022, in terms of share, as people are becoming more conscious of the health risks associated with pests and the importance of maintaining pest-free environments. This awareness has led to a greater demand for professional pest control services in North America. However, Asia-Pacific is anticipated to grow at highest CAGR during the forecast period. Some of the major players analyzed in this report are Anticimex, BASF SE, Bayer AG, Clean kill Environmental Services Ltd., Dodson Pest Control, Inc., Ecolab, FMC Corporation, JG Pest Control, Rollins, Inc., and Syngenta AG.

Key findings

• North America accounted for the largest market share in 20122 owing to presence of regulatory bodies in the U.S. such as Environmental Protection Agency (EPA), Federal Insecticide, Fungicide and Rodenticide Act (FIFRA), and Federal Food, Drug and Cosmetic Act (FFDCA) that ensure safety of pesticides on public and environment.
• By type, the chemical segment held the largest market share in 2022, while the mechanical segment is estimated to grow at the highest CAGR of 6.0%.
• On the basis of pest type, the rodents segment is anticipated to witness the highest CAGR of 6.1% in terms of revenue, during the forecast period.
• Depending on the application, the commercial segment was the major shareholder in 2022, whereas the agriculture segment is anticipated to register the highest CAGR of 6.2% in terms of revenue, during the forecast period.

Covid 19 Impact analysis:

The COVID-19 pandemic has negatively affected the global economy and is subsequently shrinking the GDP in global economies, thereby changing consumer spending patterns globally. However, global pest control market witnessed a mixed effect due to COVID-19 pandemic. COVID-19 pandemic has put forward new challenges as well as new opportunities for the key players in the market. There was variation in company business; however, key players operating in the pest control service witnessed overall improvement in the business, owing to regions that were affected severely by coronavirus. Increase in the business was majorly attributed to changes in market dynamics and support from governmental body that have started offering subsidies to the pest control market key players.

Companies that offer pest control services such as disinfection and purification witnessed rise in the business, owing to increase in preference among people in territories such as Europe and South Africa. The prevalence of dengue fever increased in Southeast Asia along with COVID-19 infection, which inclined people toward pest control services for controlling the growth of mosquitoes. In addition, pest control market is denoted as an essential industry owing to efforts put forward by the Australian Environmental Pest Managers Association (AEPMA) for development and enhancement of the industry during the pandemic situation.

Moreover, AEPMA has supported local key players in their region by conducting Code of Best Practice for disinfection, which is linked to the supply of pest control services across Australia. Several key players in the market are following various business strategies such as product launch, key expansions, collaborations, and acquisition to expand their business and overcome their business in the pandemic.

For instance, in November 2020, Syngenta launched a new insecticide known as Spiropidion. It is an innovative pest control product that can be used to protect crops from wide array of sucking pests. This product launch has benefited farmers by inhibiting the growth of most damaging sucking pest.