USD 21.85 billion
Report ID:
SQMIG15E2402 |
Region:
Global |
Published Date: August, 2024
Pages:
165
|Tables:
91
|Figures:
76
Pest Control Market size was valued at USD 23.01 Billion in 2023 and is poised to grow from USD 24.23 Billion in 2024 to USD 36.62 Billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
Due to global population growth and changing environmental circumstances, pests are increasingly exploiting these. Throughout the anticipated period, this is anticipated to drive the expansion of the pest control market, along with a rise in the number of deadly human illnesses caused by specific pests. In addition, new IPM initiatives, increased government financing for IPM, and the expansion of the integrated pest management industry are all expected to have a favorable effect on this market. Furthermore, there is an increasing consciousness regarding hygiene and health, emphasizing the need for pest management strategies. These pests are dangerous to human health as they can transmit allergies and diseases.
Global Market Size
USD 21.85 billion
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
5.3% CAGR
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The Global Pest Control Market is segmented into pest type, control method, mode of application, application, and region. By pest type, the market is classified into insects and rodents. Depending on the control method, it is bifurcated into chemical and biological. According to mode of application, the market is categorized into powder and sprays. As per the application, it is divided into commercial and residential. Region wise, the market is analyzed across North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa.
Analysis By Pest Type
The insects' segment is the most popular one because of the high outlet density, problems associated with pests such as bedbugs, cockroaches, and ants, and mouse-borne illnesses. Since pests can act as carriers and vectors of diseases including dengue, malaria, and the Zika virus, effective strategies for pest eradication are necessary. Perhaps the strongest argument supporting this segment's dominance is the increasing use of pesticides and integrated pest management in a variety of settings, such as offices, farms, and residences.
The popularity of the rodent's segment of the pest management product range can be attributed to the increasing prevalence of rats in both urban and rural contexts. It is well known that these rats, mice, and other rodents contaminate food, cause large-scale property damage, and disperse diseases, including hantavirus and leptospirosis across the community. Due to poor waste management and the rapid increase in population density brought on by urbanization, effective rodent control is becoming increasingly important.
Analysis By Application
The commercial segment is predicted to increase further and includes structures such as hospitals, schools, offices, shopping centers, and other commercial buildings. The significant financial and health risks associated with pest infestation in public and commercial areas are driving the market. Over the forecast period, it is expected that the market size would increase due to the government's support of various commercial pest management programs and the high affordability of commercial pest control services.
Growing public concerns about health and hygiene have led to the fastest rate of growth in the pest control industry's residential segment. Costs associated with pest control services have gone up due to growing disposable income and urbanization-related expansion of residential area coverage. Demand is being driven up by an increasing understanding of diseases spread by vectors and allergies from pests.
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North America holds the largest market share for pest control, and this is expected to remain the case for the projection period. The high degree of awareness regarding the harmful consequences of insect infestations on health and the potential financial losses they may cause is one of the main factors driving the regional industry. Moreover, it is projected that the market will gain from the presence of major foreign firms throughout the projection years, such as Terminix, Rollins Inc., ServiceMaster, and others. These leading players support market expansion and stability through their well-established infrastructures, cutting-edge technologies, and wide range of service networks. These further help them in retaining the dominant position of North America in the pest control market.
Asia Pacific is anticipated to develop at the fastest rate going forward. Due to the rapid increase in urbanization activities, the expanding economies of the Asia Pacific region, including China, Malaysia, India, and others, offer a robust potential for enterprises and service providers. The growth in consumer spending and growing awareness of the toxicity caused by pests are expected to be other significant drivers driving the market in this region. In addition, with the rise in the middle-class population in this region, awareness of living in hygienically maintained environments has grown, thus driving the demand for the use of advanced techniques of pest control.
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Drivers
Growing Concern over Prevalence of Vector-Borne Illnesses
Increased Urbanization is Driving Growth
Restraints
High Cost of Pest Control Services
Strict Regulations to Prevent Market Expansion for Pesticide Approval
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The global market is highly fragmented, with more than 40,000 businesses functioning globally. With the biggest market shares, Rollins Inc., Rentokil, and ServiceMaster are a few of the leading companies in the global market. These companies are launching new goods and services in addition to major activities such as mergers and acquisitions to strengthen their position in the market.
Top Player’s Company Profiles
Recent Developments
Employing Sustainable Pest Management Techniques Will Encourage Development
Using Technology to Manage Pests
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest Analysis, there is a lot of potential in the future for the pest management market because of things such as the growing urbanization trends, public health and cleanliness awareness, and regulatory push for stricter pest control legislation. The emergence of large cities and the increasing population density in developing countries are two factors driving the need for pest management since they increase the risks related to pests. In this regard, the demand for environmentally friendly and sustainable service delivery and the development of pest management technology locally and globally have emerged as key drivers of change in the pest control industry. These are instances of societal and technological variables at play.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 23.01 Billion |
Market size value in 2032 | USD 36.62 Billion |
Growth Rate | 5.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pest Control Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pest Control Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pest Control Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pest Control Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2402
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