USD 21.85 billion
Pest Control Market Size, Share, Growth Analysis, By Pest Type(Insects and Rodents), By Control Method(Chemical and Biological), By Mode of Application(Powder and Sprays), By Application(Commercial and Residential), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2402 |
Region:
Global |
Published Date: August, 2024
Pages:
165
|Tables:
91
|Figures:
76
Pest Control Market Insights
Global Pest Control Market size was valued at USD 21.85 Billion in 2022 and is poised to grow from USD 23.01 Billion in 2023 to USD 34.78 Billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
5.3% CAGR
Global Pest Control Market ($ Bn)
Country Share for North America Region (%)
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Pest Control Market Segmental Analysis
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.
Global Pest Control Market By Application
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Pest Control Market Regional Insights
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.
Global Pest Control Market By Geography
- Largest
- Fastest
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Pest Control Market Dynamics
Drivers
Growing Concern over Prevalence of Vector-Borne Illnesses
- Concerns over the development of potentially deadly vector-borne diseases such as dengue, malaria, zika virus fever, yellow fever, and others are growing in society. According to estimates from the World Health Organization (WHO), vector-borne infections account for over 17% of all known infectious diseases and result in over 7,000,00,000 annual deaths. Growing consumer awareness of different pest management methods, such as chemical, mechanical, and biological ones, together with their increasing affordability, is predicted to drive market expansion over the forecast period.
Increased Urbanization is Driving Growth
- With more people living on the earth, industrialization and the building of residential and commercial buildings are accelerating. These factors are expected to rule the global market during the forecast period. The global market for products and services related to pest management is expanding due to rising awareness of the risks to human health, sanitation, and hygiene associated with insect infestations.
Restraints
High Cost of Pest Control Services
- One of the primary barriers to industry expansion is the cost of pest control services. It's possible that most consumers from developing countries cannot easily afford the significant financial outlays that sustainable advanced practices and technologies need. This pricing element may reduce the market consumer base for companies offering residential and commercial pest control services due to low patronage.
Strict Regulations to Prevent Market Expansion for Pesticide Approval
- The US Environmental Protection Agency (EPA) and other government agencies keep a careful eye on the use of pesticides in commerce. Appropriate agencies closely and strictly supervise the use of pesticides because they are exceedingly dangerous, especially chemical pesticides, and because they destroy the environment. The lengthy registration and approval processes for pesticides in many countries are a key problem impeding progress.
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Pest Control Market Competitive Landscape
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
- BASF SE
- Rollins, Inc.
- Dodson Pest
- FMC Corporation
- ADAMA
- RATSENSE
- Orkin LLC
- Truly Nolen Pest Control
- Peachtree Pest Control
- Bayer AG
- Rentokil Initial Plc
- Anticimex International AB
- Brandenburg
- Arrow Exterminators Inc.
- Hawx Pest Control
Recent Developments
- May 2021: Anticimex Group, a global leader in pest treatment, declared that it will buy Palmera Junior, a family-owned company with a solid track record of growth and located in Colombia. Anticimex started the first-ever strategic purchase in Latin America, marking the start of a growth strategy in this rapid growing industry.
- March 2021: Global leader in the nutrition and healthcare life sciences, Bayer AG, announced the release of its newest crop protection product, Vynyty Citrus, TM. It is based on pheromones and biology. It is the first product on the market made with natural pyrethrum and pheromones to control pests in citrus plantations.
- January 2021: Rentokil Initial plc acquired Environmental Pest Services ('EPS'), a full-service residential and commercial pest management company with its headquarters situated in Tampa, Florida. Rentokil Initial plc.'s strategy to acquire pest management businesses that boost customer density and deepen their market penetration in significant localities would be aided by this acquisition.
Pest Control Key Market Trends
Employing Sustainable Pest Management Techniques Will Encourage Development
- The growing development of biocontrol agents, which may be utilized to manage the pest population, is a significant strategy for pest management. As they are naturally occurring living organisms, these biological agents are frequently less dangerous than some of the chemical pesticides that are frequently utilized. Their application in the industry is therefore steadily growing.
Using Technology to Manage Pests
- New features such as data analytics, remote monitoring systems, and Internet of Things-connected traps are radically changing the pest treatment sector. These advancements lead to improved accuracy in identifying and managing these pests, which makes the approaches more intentional rather than reactive. More companies adopted information technology to communicate with customers and provide services, which increased output and satisfied customers.
Pest Control Market SkyQuest Analysis
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 2022 | USD 21.85 Billion |
| Market size value in 2031 | USD 34.78 Billion |
| Growth Rate | 5.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pest Control Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pest Control Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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