Global Pest Control Products and Services Market Expected to be Valued at US$ 4,325.6 Mn by 2026

In order to study the various trends and patterns prevailing in the overall market for Consumer Products and Retail, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Market Study on Pest Control Products and Services: North America Expected to be the Most Attractive Regional Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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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 centers 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.

Consumers all over the world, especially from residential and commercial sectors are increasingly becoming more conscious about their health and are doing everything they can in order to maintain good health and hygiene. Due to this, there is a rise in adoption of pest control products and services in such sectors. Also, there is a rise in the types of diseases caused by different kind of pests and hence it becomes necessary to control them.

Toxicity and health related issues may hamper the growth of the global pest control products and services market

There are rising concerns regarding the levels of toxicity in pesticides and the resultant health issues that arise due to the over use of toxic pesticides and this is restraining the growth of pest control products and services to a certain extent. Consumers, especially in the agricultural sector and food industry, are focused towards opting for pesticides with low toxic levels, owing to their associated adverse effects on health. According to ANVISA, a national health surveillance agency based in Brazil, in 2008, 64% of sweet-pepper produced in the country contained chemical residues above the prescribed limits allowed by the agency. To prevent such incidences, minimal use of pesticides is entailed, and this is likely to hinder the global pest control products and services market.

Introduction of organic pesticides aiding the growth of the market  

Companies providing pest control solution and services are focusing on using bio-base pesticides instead of the toxic chemical pesticides so that they can claim to offer eco-friendly pest control products and services. This also helps such type of companies to adhere to strict government regulations. Adoption of organic pesticides for pest control is increasing at a significant rate, especially in developed regions such as Western Europe and North America. This is likely to give a boost to the global pest control products and services markets as it alleviates the concerns that consumers have regarding the toxicity levels in pesticides and health issues related to use of such toxic pesticides.

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Industrial end-user trends in the global pest control products and services market

Industries, especially food and beverages, adopt their own set of pest control measures, based on various factors such as raw materials used, production temperature and environment. This is encouraging pest control service providers to focus on various pest control programs designed to cater to varying demands of food companies. These include maintaining optimal levels of hygiene with hampering food products and keeping pests in-check. Pest control audits that comply with the HACCP, BRC, AIB and FEMAS requirements are also offered by these companies.

Global Pest Control Products & Services Market Analysis and Forecast, by Pest Control Products

The insecticides segment in the global pest control products and services market was valued at US$ 5,851.5 Mn in 2017 and is forecasted to reach a valuation of US$ 9,619.2 Mn in 2026 end, reflecting a robust CAGR growth during the period of assessment 2017-2026. The mechanical segment was valued at US$ 3,548.8 Mn in 2017 and is anticipated to reach a valuation of US$ 5,635.6 Mn in 2026. Other segment is expected to be valued at US$ 4,325.6 Mn by 2026, displaying a moderate CAGR over the forecast period.

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This release was published on openPR.