Report ID: SQMIG15E2402
Report ID:
SQMIG15E2402 |
Region:
Global |
Published Date: August, 2024
Pages:
165
|
Tables:
91 |
Figures:
76
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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Report ID: SQMIG15E2402