The Global Pest Control Market is expected to experience significant growth in the coming years due to the increasing demand for pest control services in various industries such as agriculture, food processing, and healthcare. According to a recent report, the global pest control market was valued at USD 17.3 billion in 2020 and is expected to reach USD 28.9 billion by 2028, growing at a CAGR of 6.5% during the forecast period of 2023-2028.
The market for pest control is driven by various factors, including the increasing awareness of the importance of pest control, the growing need for food safety, and the rise in pest-related diseases.
In addition, the rapid growth of urbanization and industrialization has led to an increase in pest infestation, leading to a higher demand for pest control services.
Based on pest type, the market is segmented into insects, termites, rodents, wildlife, and others. The insect segment dominates the market due to the high number of insect species that can cause harm to humans, crops, and property. In addition, the use of chemical insecticides for controlling insect infestations is more prevalent than other types of pest control methods.
Based on application, the market is segmented into residential, commercial, industrial, and agricultural. The commercial segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for pest control services in hotels, restaurants, and other commercial establishments. The industrial segment is also expected to witness significant growth due to the increasing need for pest control services in the manufacturing and construction industries.
Based on control method, the market is segmented into chemical, mechanical, biological, and others. The chemical segment dominates the market due to the widespread use of chemical insecticides and pesticides for controlling pest infestations. However, the biological segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for eco-friendly pest control methods.
North America dominates the global pest control market due to the increasing awareness of pest control and the presence of leading players in the region. The Asia Pacific region is expected to witness significant growth due to the rapid growth of urbanization and industrialization in countries such as China and India.
Key players operating in the global pest control market include
Rentokil Initial PLC
Ecolab, Inc.
BASF SE
Bayer AG
Syngenta AG
FMC Corporation
Rollins, Inc.
Anticimex
The Terminix International Company Limited Partnership
Arrow Exterminators
These players are adopting various strategies such as partnerships, collaborations, and acquisitions to strengthen their market position and expand their product portfolio.
In conclusion, the global pest control market is expected to witness significant growth during the forecast period of 2023-2028 due to the increasing demand for pest control services in various industries and the rising awareness of the importance of pest control. The market is driven by factors such as the growing need for food safety, the rise in pest-related diseases, and the rapid growth of urbanization and industrialization. The market is segmented based on pest type, application, and control method, with the insect segment dominating the market based on pest type and the chemical segment dominating based on control method. The North America region dominates the global pest control market, while the Asia Pacific region is expected to witness significant growth in the coming years.