The report on “Global Pest Control” is segmented by type (Chemical Control, Mechanical Control and Biological Control), by pest type (Insects, Termites, Rodents, Wildlife), by application (Commercial, Industrial, Residential, Agriculture), by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America). Global Industry analysis and forecast 2018-2026. Global Pest Control Market was sized US$ 16 Bn in 2017 and is anticipated to reach US$ 25 Bn by 2026 at a CAGR of about 5.74 % during a forecast.
Pest control is a term that refers to the management or regulation of a species that is known as the pest. This can be for the beneficial of person’s health, the economy, and ecology. An exterminator is that person who practices pest control. Due to an ever increasing urban population all around the world, there is an increase in food sources and conducive living habitats for different kinds of pests like rodents, cockroaches and mosquitoes. Due to this, there is a strong demand for pest control products and services all over the world. In addition, rapid migration is being witnessed from the rural areas to urban centres and this is more prevalent in developing countries. This further increases the population density of urban areas and thereby is expected to boost the demand for pest control products and services during the period of assessment.
Biological pest control to be the fastest-growing segment in the regional market.
The biological pest control segment is projected to grow at the highest CAGR from 2017 to 2026. Biological control includes the beneficial action of parasites, pathogens, and predators in managing pests and avoiding pest infestation. Biocontrol provided by these living organisms, collectively known as natural enemies, is important for reducing the number of pest insects and mites.
Insects are expected to maintain dominance in the global market
Based on Pest Type, Insects is projected to account for considerable market share. In 2017, insects and termites collectively accounted for approximately three-fifths share in the global pest control market.
Agriculture and Commercial application segment depict high potential for the pest control market.
Commercial application segment is anticipated to remain dominant in the global pest control market during the analysis period. In 2017, commercial and residential application segments collectively accounted for more than half share in the global pest control market. Agriculture application segment is anticipated to expand at the highest CAGR during the forecast period. The agriculture application in the pest control market is growing as there is increased demand for crop protection to avoid losses. Drastic change in climate is also causing an increase in pest population.
Asia-Pacific to lead over the regional pest control market.
Asia-Pacific has a high-growth potential for pest control. This region has emerging economies, such as China and India, which have considerable cultivable land to grow crops. Moreover, China is among the leading countries for pest control due to urbanization and technological growth in agriculture. This has led to higher standards of living among consumers, resulting in the rise in demand for pest control products and services.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Rentokil Initial PLC, BASF SE, Ecolab Inc., Syngenta AG, National Pest Control, Rollins Inc., LLC, Lindsey Pest Control, Bayer AG, FMC Corporation, and Rollins, Inc., Indian Pest Control Company, Terminix International Company, L.P, Bell Laboratories Inc., Mitie Group PLC, Brunswick Pest Control Inc., Venus Pest Company, OPC Pest Control, Pesitcon, Home Paramount Pest Control, Wil-Kil Pest Solutions, ARM Holdings plc., AMD Inc., NVidia Corporation, Intel Corporation
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global pest control market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global pest control market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global pest control market positioning of competitors.
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