What is the global market size of Pest Control Market?

Pest Control Market size was valued at USD 21.85 billion in 2021 and is poised to grow from USD 23 billion in 2022 to USD 34.3 billion by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).

Who are the key vendors in the Global Pest Control Market?

Top Players in the Global Pest Control Market 'Rentokil Initial plc', 'Ecolab Inc.', 'Rollins Inc.', 'Terminix Global Holdings Inc.', 'Anticimex Group', 'Truly Nolen of America Inc.', 'Massey Services Inc.', 'Arrow Exterminators Inc.', 'Rentokil Steritech', 'Western Exterminator Company', 'The ServiceMaster Company LLC', 'JG Pest Control', 'Orkin LLC', 'FMC Corporation', 'Bayer AG', 'BASF SE', 'Syngenta AG', 'DowDuPont Inc.', 'Spectrum Brands Holdings Inc.', 'Bell Laboratories Inc.'

What is the key driver of Global Pest Control Market?

Pest control is one of the most crucial elements of food safety in the global food supply chains. In addition to climate change, changes in the production, sourcing, and distribution of food have increased the possibility of pests contaminating food. Additional factors that are anticipated to motivate food producers and manufacturers to create more effective and sustainable solutions to assure food quality and safety include stricter laws for food safety and changes in consumer preferences.

What is the key market trend for Global Pest Control Market?

Due to its low servicing costs and ability to operate constantly in remote and challenging-to-access regions without affecting the facility's functionality, AI has becoming more widely used. Consequently, it is anticipated that during the next few years, demand for digital pest control solutions would increase significantly.

Which region accounted for the largest share in Global Pest Control Market?

By region, the pest control market is spread across North America, Europe, Asia-Pacific, and LAMEA. While the Asia Pacific market is estimated to develop at the highest CAGR of 6.7 percent by 2028, the North American pest control market is predicted to be the largest by that time. North America had the greatest pest control customer base in 2021. It continues to be the leading pest control market with a share of 50.8 percent. Over 20,100 pest control businesses with an average of six technicians operate in North America. A steadily expanding economy and a strengthening real estate market have led to increased investments in both residential and commercial properties.

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.

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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. '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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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

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What is the global market size of Pest Control Market?

Who are the key vendors in the Pest Control Market?

What is the key driver of Pest Control Market?

What is the key market trend for Pest Control Market?

Which region accounted for the largest share in Pest Control Market?

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