Pest Control Market: Global Industry Analysis and Forecast (2022-2029)

Pest Control Market was valued at US$ 22.75 Bn. in 2021. The Global Pest Control Market size is estimated to grow at a CAGR of 5.4% over the forecast period.
Pest Control Market Overview:
The Pest insects are present in all fields of Human Activity.Pest are very invasive and persistent. These insects has acquired and inherited resistance to chemical agents used to fight them, making them more dangerous. Nationwide, about 74%of homeowners perform some type of DIY pest control, compared to 69% of renters. There has been significant growth in pest control industry since last five years as more than 27,000 pest control businesses are currently in operation and the industry are projected to generate $17.43 billion revenue by 2023.



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In addition, the report explores the Pest Control Market's segments (Technologies, Pest Control methods, Application and pest type and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The report also investigates the Pest Control Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Pest Control Market's contemporary competitive scenario.

2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Pest Control Market Dynamics:
Increasing number of tick-borne diseases which occur most frequently in the Northeast ,Mid-Atlantic and Upper Midwest region accounted around 7,60,678 disease cases in the year 2021, has significantly driven the Pest Control Market. Field identification of biological control agents that can provide free pest control has been shown to influence grower decisions to spray or alter their choice of pesticides. Due to this new emerging techniques, demonstrations of the value of new technologies has changed growers approaches to pest control has facilitated their implementations ,for example the release of new biological control agents has provided a focus of developing new research papers on pest control strategies .The most of the market has taken up by the products for insect control sector new emerging technologies like Plant parasitic nematodes has ranked high among the biological pesticides and has been the important Technologies of environmentally friendly pest management systems. These global pesticides market was valued USD 3154.1 million in 2018 and is expected to grow at CAGR 14.1 % by the period of 2024.The Investment of stakeholders are trying to tackle the issues via trying various approaches for identification of research priorities for pest control market.

In response to the pandemic and increasing the importance of the hygiene and wellbeing services. In 2021 many companies started innovating new solutions and products for the formation of the new hygiene &wellbeing category. At the same time changes are made to the regional structure designed to provide clearer geographic links and aligned growth strategies in the pest control market. These aforementioned factors has significantly driven the Pest Control Market.

The Neonicotinoid insecticides gained popularity in the pest control industry as they were water-soluble and effective against sap-feedings insects, fleas, flies, cockroaches and some wood –boring pests.However these insecticides were potentially toxic to honeybees and has been restricted across the U.S and European Union. Government has introduced necessary policies and legislations for the regulations of pest control, marketing and their use moreover it has made provisions for effective coordination’s and enforcement including establishment of appropriate educational, advisory ,extension and healthcare services using FAO and WHO Guidelines.

The modern world and its efficiencies ,urbanization and global trade are evolving at rapid pace ,these has resulted in the threat of pest infestations The Lumnia:Commercial Fly control has been one of the most innovative and modern solutions to combat fly infestations these innovative products insect light traps are the modern solutions to an attracting an age old problem ,these Luminas innovative products are attracting and containing flying insects quickly and securely and keeping them out of sight. . Digital pest management has been one step ahead in pest controlling, as new challenges required new solutions, technologies such as IOT and Cloud Computing are helping to monitor, manage and control pest threats more effectively than ever before many emerging companies have adopted this type of new technologies and has created growth opportunities in pest control market.
Pest Control Market Segment Analysis:
Based on Technologies: Digital Pest Management is dominating the pest control market and has been the key drivers for the growth of the pest control market, the combination of digital hand-held devices, remote monitoring, online portals and data analysis has proven robust and secure and has been responding to the consumer needs and are achieving high levels of customer satisfactions. The Sterile insect technique are grabbing the pest control market in the forecasted period as these are environment friendly, these technique involve the mass reading and sterilization process using radiations for target pest target pest, followed by the systemic area wide release of the sterile males by air over defined areas, where they mate wild females resulting in no offspring’s and a declining pest population. The other type of technologies for pest control are Ultrasonic defence, Electronic Monitoring, Insect Light Traps, and Pheromones.



Based on Pest Control Methods, the Pest Control Market is segmented into Organic Pest Control, Chemical Pest Control, Biological pest control, Electronic pest control, Hygiene pest control. The Electronic pest control and organic pest control are dominating the market. The advancement of technology and eliminating the pest permanently are made possible by using An Organic and natural methods are usually preferred as these pest control ensures the safety of their kids, pets and plants. As a result, the Digital and organic pest control methods is expected to experience increasing adoption.

Based on Application and pest Type: Homeowners are most likely concerned by ants, spider, mice, termites and bedbugs. The termites, mosquitos pose the most significant threat to the people in the U.S causing structural damage that are expensive to repair. Traps are one of the oldest methods of pest management and are effective against both pest insects and wildlife. Glue traps, rat traps, mesh, mousetraps, cages, and snare traps are some of the various kinds of traps, they are affordable and frequently useful more than once. Although the majority of these traps need to be handled manually, there have been advancements in a newer generation of traps that use more digital Technologies.
Pest Control Market Regional Insights:
The largest CAGR of 8 percent is anticipated for the Asia-Pacific pest control market size over the forecast period. In order to increase the sales of organic pest control products in this region, prominent players in the pest control industry in China are pursuing development strategies. For instance, Beijing Taiming Technology Ltd. and Rentokil Initial plc, a well-known provider of pest control services, have formed a strategic alliance. It is a well-known provider of pest control services in China and is the holder of numerous fumigation patents.

The Atlanta based Orkin Industry has been the essential pest control service protection against termite damage, rodents and insects. North America accounted for the majority of pest control consumption. With a 50.6 percent market share, it is remains the biggest market for pest control. In North America, there are approximately 20,000 pest control businesses, each employing six technicians on average. Investments in both residential and commercial properties have increased as a result of the housing market's strengthening and the economy's steady improvement.

The objective of the report is to present a comprehensive analysis of the global Pest Control Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Pest Control Market dynamic, and structure by analyzing the market segments and projecting the Pest Control Market size. Clear representation of competitive analysis of key players by Design, price, financial position, Instrumentation Technology portfolio, growth strategies, and regional presence in the Pest Control Market make the report investor’s guide.
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Global Pest Control Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 22.75 Bn.


Forecast Period 2022 to 2029 CAGR:
5.4%
Market Size in 2029:
US$ 32.87 Bn.


 Segments Covered:
by Technologies
• Digital pest management
• Sterile insect techniques
• Ultrasonic defence
• Electronic Monitoring
• Insect Light Traps
• Pheromones


by Pest Control Methods
• Organic Pest Control
• Chemical Pest Control
• Biological pest control
• Electronic pest control
• Hygiene pest control
• Electronic pest


by Application and Pest Types
• Residential
• Commercial
• Livestock
• Industrial
• Others



Pest Control Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Pest Control Market Key Players:
• Bayer Crop Science
• Syngenta AG
• BASF SE
• Bell Laboratories Inc
• Corteva Agriscience
• Rentokil Initial plc
• Anticimex
• Ecolab Inc.
• Sumitomo Chemical Co. Ltd.
• Rollins Inc.
• Rentokil
• The Terminix International Company
• FMC Corporation
• ICB pharma
• Adama
• Ratsense
• PelGar International
• Brandenburg
• Adam’s Pest Control
• Woodstream Corporation
• JT Eaton & Co. Inc.
• V3 Smart Technologies
• Others

Frequently Asked Questions:

1. What is the study period of the market?
Ans. Global Pest Control Market is studied from 2017-2029.

2. What is the growth rate of Pest Control Market?
Ans. Global Pest Control Market is growing at a CAGR of 5.4% over forecast period.

3. What is the market size of the Pest Control Market by 2029?
Ans. The market size of the Pest Control Market by 2029 is expected to reach at US$ 32.87 Bn.

4. What is the forecast period for the Pest Control Market?
Ans. The forecast period for the Pest Control Market is 2022-2029.

5. What was the market size of the Pest Control Market in 2021?
Ans. The market size of the Pest Control Market in 2021 was valued at US$ 22.75 Bn.