Global Pest Control Market

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 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. 

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FAQs

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). 

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.  '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 '

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. 

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. 

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. 

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Global Pest Control Market

Report ID: SQMIG15E2402

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