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

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.