USD 21.95 billion
Report ID:
SQMIG25S2016 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
119
|Figures:
77
Pest Control Services Market size was valued at USD 22.94 Billion in 2023 and is poised to grow from USD 23.97 Billion in 2024 to USD 34.09 Billion by 2032, growing at a CAGR of 4.50% during the forecast period (2025-2032).
Climate change is acting as a major factor increasing the insect population and this augments the need for pest control services overall the globe. To avoid the worst scenario, of upcoming diseases consumers in the market are expected to perform pest control services, to avoid these types of damages. To gain share in the pest control market, top companies are developing new technological solutions to improve service efficiency, such as route optimization, use of smartphone apps to identify pests, online sales, mobile communication technologies to bring real time pest control support to the field.
Increasing demand for pest control services is attributed to the growing demand for pest control in residential buildings. This happened due to lack of regular cleaning and sanitization in old buildings and moisturized atmosphere in building increased pest infestation. Urbanization and restoration of older commercial and residential buildings are projected to rise, demand for pest control services in the forecast period.
US Pest Control Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 21.95 billion
Largest Segment
Insects
Fastest Growth
Termites
Growth Rate
4.50% CAGR
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The global pest control services market is segmented based on the basis of pest type, method, application, and region. Based on pest type, the Pest Control Services Market is segmented into insects, rodents, and termites. In terms of method, the Pest Control Services Market has been segmented into chemical, mechanical, and biological. With respect to segmentation by application, the Pest Control Services Market is categorized into residential, commercial, and industrial. Geographically, the market is widespread into North America, Europe, Asia-Pacific, Latin America, and MEA.
Pest Control Services Market Analysis by Pest Type
In terms of pest type, the insect segment dominated the pest control services market with a share of 42.5% in 2021. Growing numbers of insects are the major key factor for increasing demand for the insect type segment. The demand for insect control products is anticipated to grow where the climatic condition is warm and humid are ideal places for insect breeding.
The termite segment is anticipated to be the fastest growing segment in terms of pest type, to avoid damage by termite each government declaration worldwide promotes people to take initiative and opt for pest control services to control termite growth.
Pest Control Services Market Analysis by Application
The commercial category dominated the market and held 58% market share in 2021. Zero tolerance for pests in commercial categories, such as offices, hospitality, healthcare, food and beverage, and food industry have boosted the demand for pest control services. Strict regulation for hygiene maintenance has increased the demand for pest control in new infrastructure as well as old commercial areas.
The residential segment is the fastest growing segment owing to the increasing disposable income of people and the willingness. Increasing urbanization is the key factor for increasing the demand for pest control in the residential sector.
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North America dominated the market for pest control services, with a share of 48.8% in 2021. High awareness about the ill effects on health and economic loss due to pest attacks is a key factor augmenting the regional market growth during the forecast period. Additionally, the US government focused on infrastructure development of commercial and residential space in the country. Additionally, the presence of multiple players in this region is also projected to aid in this regional market expansion during the forecast period.
Asia Pacific is expected to expand at a faster rate during the forecast period. Increasing number of termites and mosquito population as well as pest infestations such as ants, cockroaches, rodents, and flying insects are the key factors augmenting the need for pest control services in the Asia Pacific market. Major food industries are sharing the responsibility for pest control with their suppliers and requiring management information to support certification needs. Japan dominated this region owing to the rising number of infrastructural development projects for residential purposes. The increasing economy is anticipated to boost the termite, unclean areas left for breeding, and rise in unhygienic lifestyle trends are projected to promote the regional growth of this market in the forecast period.
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Pest Control Services Market Driver
Rising Concern over Prevalence of Vector borne Diseases.
Pest Control Services Market Restraint
Regulatory Scenario Associated with Pesticide Approval
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The global pest control services market is highly competitive in nature and somewhat fragmented. To maintain a strong position in the global market competition, major industry participants are focusing on implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnership strategies are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also investing in R & D.
Pest Control Services Market Top Player's Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global pest control services market analysis, the increasing demand for pest control services due to unhygienic places is a prime factor augmenting market growth. To control pest breeding, the use of chemicals is preferred by pest control companies. Unfortunately the improper balance in the use of chemicals may pose a health impact on humans, thereby creating a challenging scenario for market manufacturers. The advent of artificial intelligence integration with online pest control services will serve as a significant industry trend.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 21.95 billion |
Market size value in 2031 | USD 32.62 billion |
Growth Rate | 4.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pest Control Services 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 Services 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.
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 Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pest Control Services 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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Report ID: SQMIG25S2016
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