Pest Control Market by Pest Type (Insects, Rodents, Termites, and Wildlife), by Control Method (Chemical, Mechanical, Biological), by Mode of Application (Sprays, Traps, and Baits), by Application (Residential, Commercial, and Industrial) - Global Opportunity Analysis and Industry Forecast, 2021 – 2030
Industry: Materials and Chemical | Publish Date: 18-May-2021 | No of Pages: 357 | No. of Tables: 204 | No. of Figures: 174 | Format: PDF | Report Code : N/A
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Market Definition:
The global Pest Control Market size was valued at USD 17.88 billion in 2020, and is predicted to reach USD 35.76 billion by 2030, with a CAGR of 7.5% from 2021-2030.
Pest control is a mode of treatment utilized to control, prevent, or eradicate the progression of pests, that not only damage agricultural crops and furniture but also cause various ailments in human, affecting the life routine. The primary step in professional pest control services is inspection, followed by physical, chemical, biological, or mechanical treatments. Pest control eradicates majorly occurring species like insects, rodents, bed-bugs, and such other organisms, that tend to foster in human habitat.
Market Dynamics and Trends
The global pest control market is gaining momentum from the past few years with a substantially increasing market size due to higher inclination towards health & hygiene at individual level, stringent government regulations promoting cleanliness of public & private assets, rising concerns for workers in food processing companies, increasing demand from agriculture-based countries, and growing awareness regarding the risk of diseases imposed by prevalence of pests.
Furthermore, drastically changing climatic conditions, consistently increasing environmental pollution, and transfer of pest species from rural areas to urban areas via migrants, are the factors anticipated to propagate the growth of the global pest control market throughout the forecast period.
However, toxicity and side effects associated with pest control products, as well as cost-effectiveness of the advanced formulations are expected to hamper the growth of pest control market.
Moreover, rapid industrialization, growing urbanization, advancement in the conventional formulations due to the development of resistance among pests, as well as eco-friendly product innovations with reduced toxicity and enhanced biological formulations, are expected to create lucrative opportunities for the growth of global pest control market, in coming future.
Market Segmentations and Scope of the Study:
The global pest control market share has been analyzed based on pest type, control method, method of application, application, and geography.
Based on pest type, the pest control market is segmented into insects, termites, rodents, and wildlife. Based on control method, the market is divided into chemical, biological, and mechanical treatment methods. Based on mode of application, the market is divided into sprays, baits, and traps. Based on application, the pest control market is divided into residential, industrial, and commercial. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America region represents a developed market, and is expected to dominate the global pest control market throughout the forecast period, accounting for the highest market share. This is attributed to advancement in product formulations, higher prevalence of maintaining health & hygiene in homes and offices, and presence of key market players in this region.
Asia Pacific region is expected to grow with the highest CAGR values in the global pest control market, demonstrating a substantial market growth. This is due to rapid urbanization, uneven climatic conditions as well as untapped market opportunities offered by the emerging economies specifically India, China, and Japan, present in this region.
Competitive Landscape
Various players in the pest control market includes Rentokil Initial Plc, BASF SE, Rollins, Inc., Bayer AG, Anticimex, Ecolab, The ServiceMaster Company, LLC, FMC Corporation, Syngenta, and Terminix UK Ltd. These market players are opting various strategies to maintain their dominance in the market.
KEY BENEFITS
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The pest control market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the pest control market trend including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints and opportunities and their impact on the pest control market is provided in the report.
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The competitive analysis of the market players along with their pest control market share in the global pest control market.
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The SWOT analysis and Porters Five Forces model is elaborated in the study of the pest control market.
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Value chain analysis in the pest control market study provides a clear picture of the stakeholders’ roles.
KEY MARKET SEGMENTS:
By Type
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Insects
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Rodents
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Termites
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Wildlife
By Control Method
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Chemical
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Mechanical
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Biological
By Mode of Application
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Sprays
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Traps
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Baits
By Application
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Residential
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Commercial
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Industrial
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Italy
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Rest of Europe
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Asia-Pacific
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China
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India
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Japan
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Australia
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Rest of Asia-Pacific
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RoW
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UAE
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Saudi Arabia
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South Africa
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Brazil
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Remaining countries
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KEY PLAYERS
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Rentokil Initial Plc.
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BASF SE
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Rollins, Inc.
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Bayer AG
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Anticimex
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Ecolab
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The ServiceMaster Company, LLC
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FMC Corporation
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Syngenta
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Terminix UK Ltd
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Research Landscape
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Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
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Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
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SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
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