Pest Control Market Key Players Profile and Industry Analysis to 2030
Pest Control Market
is valued around USD 20.03 Billion in 2019 and expected to reach USD 33.90 Billion
by 2030 with the CAGR of 4.9% over the forecast period.
Pest control refers to the killing of pests which are main cause of
heavy losses in different industries & can give rise to serious health
problem on a large scale. The main aim of pest control is to prevent heavy loss
and maintain the hygiene practices to ensure the safety of human beings. There
has been growing inclination towards the biological method for pest control
owing to the growing environmental concerns.
Global Pest
Control Market report is segmented on the basis of pest type, control
method, mode of application, application and by regional. Based upon pest type,
the pest control market is fragmented into insects, termites, rodents, and
wildlife. On the basis of control method, the market is categorized into chemical,
biological and mechanical. On the basis of mode of application, the market is
fragmented into sprays, baits and traps. Based on application the market is
classified into, commercial, residential, & industrial. The regional
bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW
which are further segmented into major countries such as U.S., UK, France, and
others.
The pest controls market is mainly driven by the constant rising demand from
agricultural and other industries. There has been constant growth in
urbanization along with technological advancement which has enhanced the use of
chemical methods owing to the growing resistance against conventional methods.
In addition, due to the rising environmental concerns which have further fueled
the biological methods for pest control. On the other hand, stringent
regulatory policies for hygiene along with safety as well as prevention from
heavy losses have created the demand for effective pest control. Moreover,
availability of wide variety of products to curb the pest problem with
innovative methods is also likely to promote the market growth. However, high
cost of advanced products with numerous side effects on human health &
environment may impede the market growth.
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The developed regions such as North America and Europe are expected to
hold the major market share owing to the presence of technological advancement
and stringent regulatory policies with advanced hygiene practices. Asia Pacific
is expected to dominate the pest control market in terms of growth rate owing
to the presence of huge agricultural industry along with rapid urbanization. In
addition, growing awareness among consumer as well as high standards of living
are also anticipated the market growth.
The major market players profiled in the pest control market includes Rentokil
Initial Plc., BASF SE, Rollins, Inc., Bayer AG, Anticimex, Ecolab, The
ServiceMaster Company, LLC, FMC Corporation, Syngenta, Dodson Pest Control, Inc.,
and Lindsey Pest Services among others.
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