The Pest Control Products Market size was valued at USD 26.18 Bn. in 2022 and the total Pest Control Products revenue is expected to grow at 5.3% from 2023 to 2029, reaching nearly USD 37.59 Bn.
Global Pest Control Products Market Overview:Pest control is a technique for preventing and eradicating insects that are detrimental to humans and the environment. Pest control techniques are used to kill insects that impede human operations, such as termites, bedbugs, ants, cockroaches, and a few reptiles. Pest control is essential for preserving cleanliness and hygiene, as well as preventing a variety of pest-borne illnesses. There are insecticides, rodenticides, and other chemical and mechanical pest control products available. The increasing popularity of pest management solutions may be related to the classified as positive urbanization in developing countries, as well as the rise of megacities with populations of more than 15-20 billion people. Pest control service providers and pesticide suppliers target the market because of its high population density and large middle-class population. Pest Control including Pesticides are chemicals that are used to kill or poison pests. Insecticides for insect control, herbicides for weed control, fungicides for fungus and mold management, and rodenticides for rodent control are among them. Insects such as flies, cockroaches, and mosquitoes, as well as rodents such as mice and rats, can be considered household pests. High-quality pest-control service products would make a considerable difference in treatment success, property and ecological damage mitigation, and human safety.
Report Scope:The researcher utilized PESTLE and PORTER analysis to focus on the market's drivers, constraints, opportunities, and challenges for market growth. In addition, the analysis also aids in the adjustment and resolution of issues related to the global Pest Control Products market environment. External and internal market aspects that are anticipated to have a favorable or negative impact on the market have been investigated, providing decision-makers with a clear picture of the company's future. The report also aids in understanding market trends and structure by analyzing market segments and forecasting market size. The research focuses on the important industry participants, including company profiles, components, and services offered, as well as financial data from the last three years and notable developments in the previous five years. However, essential business profiles and SWOT analysis, their marketing strategies, etc. are included in the report. The report provides a thorough analysis of the current market scenario, including historical and expected market size in terms of value and volume, technological advancement, macroeconomic considerations, and market regulating factors. The Market contains specific information on the industry's major players' strategies, as well as a full evaluation of the key market segments and geographies. The report analyses the global market as well as growth trends, competitive landscape analysis, and the key region's development status. Policies and growth goals, as well as production methods and cost structures, are investigated. This report also includes figures for import/export consumption, supply and demand, cost, price, sales, and gross margins. To know about the Research Methodology:-Request Free Sample Report
Research Methodology:The bottom-up technique is used to estimate and validate the global market size with the help of the Primary and Secondary data sources. The revenue produced by all significant competitors has been used to evaluate the market size. In addition, the industry's year-on-year (Y-O-Y) growth is taken into account when determining the market size. Primary expert insights are also utilized to correct, validate, and confirm the market. The Pest Control Products market size was derived by multiplying the market by the penetration (market share) of application-based use cases, corporate advancements, and primary insights. The global market is further divided into regions based on characteristics such as regional developments, etc. All significant components affecting the markets included in this report had been studied, thoroughly, validated through primary research, and evaluated to provide the final quantitative and qualitative data. Market size is balanced for top-level markets and sub-segments, and market forecasting takes into account the impact of inflation, economic downturns, policy changes, and other variables. Throughout the report, the data is supported by extensive inputs and analysis. Intensive primary research was carried out to collect information and to check and confirm the crucial numbers arrived at after intensive market engineering and calculations for market statistics such as market size estimations, estimates, segmentation, and data analysis and interpretation.
Pest Control Products Market Dynamics:
The growing need for Pest Control Products driving the market growthThe problem of insect infestation has grown in parallel with population growth, fast urbanization, and changes in weather patterns. This, in turn, has raised the global demand for pest control products and services. As consumer awareness of health and hygiene issues has risen, so has demand for pest control in the residential sector also increased. Furthermore, growing government restrictions on cleanliness requirements in commercial and industrial sectors have raised global demand for pest control in these sectors. To meet the growing need for pest management in many industries, pest control product manufacturers and service providers have created a plethora of novel pest control products. Manufacturers are creating environmentally friendly products in response to the growing restriction on certain pest control chemicals. Furthermore, several animal welfare organizations are asking for non-lethal or cruelty-free pest management solutions. As a result, producers are emphasizing cruelty-free pest control solutions for pest control. Rapid industrialization, increasing urbanization, advancement in conventional formulations due to pest resistance development, and eco-friendly product innovations with reduced toxicity as well as enhanced biological formulations are expected to create lucrative opportunities for the growth of the global pest control products market in the coming years.
Increasing adoption of digital applications and technology for Pest ControlPest control is an essential part of food safety in global food supply chains. Changes in the production, sourcing, and distribution of food combined with climate change have resulted in a rise in pest-related food safety issues. Furthermore, stricter food safety rules and changes in customer demand are expected to encourage food producers/manufacturers to create more efficient and sustainable solutions to assure food quality and safety. Changes in consumer behavior such as online shopping have led to a rise in the use of automation in the supply chain. As a result, pest control companies are implementing greener and smarter pest management technologies. Nowadays, IoT has become a popular tool for remote pest monitoring and management. IoT technology enables food-related companies to handle these food safety issues. IoT devices may monitor and report pest activity in real-time as well as collect data that gives fresh insights into pest activity which can assist in pest control and food safety.
Increasing use of Pest Control Services in food and beverage industriesThe increasing use of pest control products in many industries, particularly food and beverage, to remove pests and maintain hygiene is likely to drive pest control product market growth. Various pest control service companies also conduct pest control audits that meet the industry standard for maintaining hygiene and sanitation. As a result, increased industrial pest control applications are likely to boost the market growth.
The adoption of Artificial Intelligence (AI) is becoming popular in pest controlThe adoption of different trending technologies such as AI has been on the rise owing to the low service cost and its continuous operation in remote and difficult-to-access areas without interfering with the facility's operation. As a result, the demand for digital pest control solutions is expected to rise in the coming years. Rentokil, a pest control company, is utilizing AI-based picture recognition technology to identify and treat various types of pests and rodents. To locate pests, some of the company's pest control professionals use an Android smartphone app developed by Accenture. When a technician notices an increase in a particular type of insect or rodent, he or she can take a photograph of the pest and use the app to identify it. The image is then sent to Google's image classification and machine learning software, which analyses numerous pest photos to identify the invader. When identification is verified, the app quickly provides remediation alternatives to assist personnel in determining treatment methods, including appropriate chemicals and advice. AI has reduced the number of technician visits, which has resulted in lower service costs and, eventually, higher adoption in the future.
Costly registration charges and an indefinite delay for product approval restrain the market growthDetails on product chemistry, toxicology, environmental toxicology, and toxicity to non-target organisms must be submitted as part of the registration procedure. Local testing is also necessary for some countries to assess the product's impact on insect populations. Pest control solutions are meant to either harm or kill insects by disrupting mating or annihilating infestations. To limit the buildup of goods in the surrounding environment, the number of products utilized should be efficiently regulated by a skilled expert. Pesticide product registration procedures varied from nation to country. In the United States, for example, the registration procedure includes completing the requirements of the Federal Insecticide, Fungicide, and Rodenticide Act and the Federal Food, Drug, and Cosmetic Act. The registration charges for pest control products and services are expensive due to the numerous testing and approvals necessary. Extended testing processes are also an impediment to producers since the long approval period might impact organizations' patent chances.
Pest Control Products Market Segment Analysis:By Application, the Commercial segment held the largest market share of about 56.2% in 2022 and is expected to maintain its dominance at the end of the forecast period. In commercial establishments such as offices, hotels and restaurants, hospitals, medical, food and beverage, and food service industries, there is zero tolerance for pests. Increasing infrastructure in commercial space and stringent regulations for hygiene upkeep are driving the market growth. Commercial businesses often have multi-year contracts with service suppliers, resulting in a steady cash stream. These factor is driving the requirement for commercial pest control services. Insects and rodents may contaminate food, cause damage to dwellings, and aggravate asthma and allergies. Chemicals used to control pests can be hazardous to one's health. Pesticides can adhere to carpets, furniture, and other surfaces in your house, posing a risk to humans and pets if not applied appropriately. Safe pest management is a collaborative endeavor in which everyone plays a part. Residents, like building owners, are responsible for keeping their living areas clean and reporting building maintenance issues to building owners or managers. Cockroaches and mice are significantly common in many countries' households, particularly in low-income communities with badly maintained dwellings. Over 50% of homes in some neighborhoods report seeing cockroaches every day and mice within the previous three months. Body parts and droppings of cockroaches and mice degrade indoor air quality and can cause allergic responses or asthma episodes in certain children and adults. Due to this, the demand for Pest Control products increases and drives the segment growth. Integrated Pest Management (IPM) is an ecologically friendly, sensible approach to pest management both inside and outside a healthcare organization. Traditional pest control utilizes pesticide treatments based on the calendar rather than non-chemical prevention, resulting in the routine administration of pesticides. IPM, on the other hand, focuses on pest prevention and non-toxic pest treatment measures, making it a cost-effective and practical approach to pest management. To reduce the danger of pesticide exposure, preventive pesticide application is limited, especially when non-chemical approaches provide the same benefits. While caring for vulnerable populations, health care facilities, including but not limited to hospitals, ambulatory centers, long-term care facilities, rehabilitation centers, and other outpatient facilities, must maintain the greatest standard of sanitation. While it is necessary to keep health care facilities free of pests that pose health hazards, it is equally critical to keep patients and personnel safe from pesticides that may also endanger their health. These factors drive the Non-Toxic Pest Control Products demand. The residential segment is expected to grow at a CAGR of 4.5% during the forecast period in terms of revenue. The increasing urbanization is a crucial driver in the segment's growth. According to the United Nations (UN), urban regions house 54% of the world's population, a figure that is anticipated to rise to 66% by 2050. The rising need for improved hygienic standards in the face of rising pressure on space and resources is a primary driver driving industry growth. In addition, according to a National Pest Management Association study, 91% of pest experts saw bed bugs in single-family homes in 2018, increasing segment growth. The normal homeowners' insurance coverage does not cover damage caused by termites, rats, or other pest infestations, according to the Insurance Information Institute. Pest damage and eradication costs are included in the cost of house upkeep.
Pest Control Products Market Regional Insights:North America dominated the market with the largest market share of 47.5% in 2022 and is expected to grow at a CAGR of 4.2% during the forecast period. The key component driving the North American pest control business is its favorable environment. The United States dominates the North American pest control business. the tremendous increase in the US housing industry would benefit the US pest treatment business during the forecast period. Asia Pacific is expected to grow at the fastest CAGR of 5.2% during the forecast period. While termites and mosquitoes are serious dangers, ants, cockroaches, rats, and flying insects are the most common pests in Asia. With rising pest concerns in the Asian supply chain, many food-related enterprises are sharing pest control responsibilities with their suppliers and seeking management information to meet certification requirements. Japan generates the majority of its income in the Asia Pacific region. The development of the housing market and the country's constantly improving economy looked to benefit the termite and commercial market segments of the country's professional pest management business. The Asia Pacific is one of the most rapidly increasing pest control markets. The region's high concentration of urban population and urbanization gives a significant opportunity for pest control facility suppliers. Climate change and, in certain cases, neglect of sanitary conditions in urban slums have resulted in a slew of diseases. Pest control service companies in the Asia Pacific area have profited from advancements in laws and regulations governing pest management standards. Additionally, the region has been plagued by many outbreaks of pest-borne illness during the last two decades. There have been several Zika virus-related incidents in the region. The Zika virus is a Flavivirus spread by mosquitos that have been detected in various Asian Pacific countries. Agriculture is essential in the majority of Asia-Pacific emerging countries. Pest management is a critical part of crop production that requires specific care. Pesticides have been a frontline control tool in numerous nations in the area in recent decades. This has resulted in a variety of critical and unfavorable situations, raising worries about pesticides and their negative effects on pest ecology, the environment, and human health. It has also accelerated the development and adoption of Integrated Pest Management (IPM) as a viable pest management solution for the region. IPM has therefore become an essential strategy and is crucial to plant pest management strategy in the Asia-Pacific region and the requirement for Pest Control products increases eventually driving the regional growth during the forecast period.
Pest Control Products Market Scope: Inquire before buying
Global Pest Control Products Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 26.18 Bn. Forecast Period 2023 to 2029 CAGR: 5.3% Market Size in 2029: US $37.59 Bn. Segments Covered: by Control Methods Chemical Biological Mechanical Software & services by Application Commercial Residential Agriculture Industrial Other by Pest Type Insects Termites Rodents Other
Pest Control Products Market, by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)
Pest Control Products Market Key Players1 Bayer Crop Science 2 Syngenta AG 3 BASF SE 4 Bell Laboratories Inc 5 Corteva Agriscience 6 Rentokil Initial plc 7 Anticimex 8 Ecolab Inc. 9 Sumitomo Chemical Co. Ltd. 10 Rollins Inc. 11 The Terminix International Company 12 FMC Corporation 13 Adama 14 Ratsense 15 PelGar International 16 Brandenburg 17 Adam’s Pest Control 18 Woodstream Corporation 19 JT Eaton & Co. Inc. 20 V3 Smart Technologies 21 Others FAQs: 1. Which is the potential market for the in terms of the region? Ans. In the APAC region, Cockroaches, ants, rats, and flying insects are the most common pests in Asia, but termites and mosquitoes are severe concerns. As pest threats in the Asian supply chain, large food-related firms are sharing pest control duties with their suppliers and seeking management information to meet certification criteria. 2. What is expected to drive the growth of the market in the forecast period? Ans. Rapid industrialization, increasing urbanization, advancement in conventional formulations due to pest resistance development, and eco-friendly product innovations with reduced toxicity and enhanced biological formulations are key drivers for the growth of the Pest Control Products market in the coming years. 3. What is the projected market size & growth rate of the Market? Ans. Pest Control Products Market size was valued at US$ 26.18 Bn. in 2022, and the total Pest Control Products revenue is expected to grow at 5.3% from 2023 to 2029, reaching nearly US$ 37.59 Bn. 4. What segments are covered in the Market report? Ans. The segments covered are Control Methods, Pest Type, Application, and Region.
1. Global Pest Control Products Market: Research Methodology 2. Global Pest Control Products Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Pest Control Products Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Pest Control Products Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Pest Control Products Market Segmentation 4.1 Global Pest Control Products Market, by Application (2022-2029) • Commercial • Residential • Agriculture • Industrial • Other 4.2 Global Pest Control Products Market, by Control Methods (2022-2029) • Chemical • Biological • Mechanical • Software & services 4.3 Global Pest Control Products Market, by Pest Type (2022-2029) • Insects • Termites • Rodents • Other 5. North America Pest Control Products Market(2022-2029) 5.1 North America Pest Control Products Market, by Application (2022-2029) • Commercial • Residential • Agriculture • Industrial • Other 5.2 North America Pest Control Products Market, by Control Methods (2022-2029) • Chemical • Biological • Mechanical • Software & services 5.3 North America Pest Control Products Market, by Pest Type (2022-2029) • Insects • Termites • Rodents • Other 5.4 North America Pest Control Products Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Pest Control Products Market (2022-2029) 6.1. European Pest Control Products Market, by Application (2022-2029) 6.2. European Pest Control Products Market, by Control Methods (2022-2029) 6.3. European Pest Control Products Market, by Pest Type (2022-2029) 6.4. European Pest Control Products Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Pest Control Products Market (2022-2029) 7.1. Asia Pacific Pest Control Products Market, by Application (2022-2029) 7.2. Asia Pacific Pest Control Products Market, by Control Methods (2022-2029) 7.3. Asia Pacific Pest Control Products Market, by Pest Type (2022-2029) 7.4. Asia Pacific Pest Control Products Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Pest Control Products Market (2022-2029) 8.1 Middle East and Africa Pest Control Products Market, by Application (2022-2029) 8.2. Middle East and Africa Pest Control Products Market, by Control Methods (2022-2029) 8.3. Middle East and Africa Pest Control Products Market, by Pest Type (2022-2029) 8.4. Middle East and Africa Pest Control Products Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Pest Control Products Market (2022-2029) 9.1. South America Pest Control Products Market, by Application (2022-2029) 9.2. South America Pest Control Products Market, by Control Methods (2022-2029) 9.3. South America Pest Control Products Market, by Pest Type (2022-2029) 9.4 South America Pest Control Products Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Bayer Crop Science 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Syngenta AG 10.3 BASF SE 10.4 Bell Laboratories Inc 10.5 Corteva Agriscience 10.6 Rentokil Initial plc 10.7 Anticimex 10.8 Ecolab Inc. 10.9 Sumitomo Chemical Co. Ltd. 10.10 Rollins Inc. 10.11 The Terminix International Company 10.12 FMC Corporation 10.13 Adama 10.14 Ratsense 10.15 PelGar International 10.16 Brandenburg 10.17 Adam’s Pest Control 10.18 Woodstream Corporation 10.19 JT Eaton & Co. Inc. 10.20 V3 Smart Technologies 10.21 Others