Pest Control Market to Witness Growth Acceleration by Top Key Players 2021-2030

The Global Pest Control Market size was valued at USD 17.88 billion in 2020, and is predicted to reach USD 35.76 billion by 2030, with a CAGR of 7.5% from 2021-2030.

Pest control is a mode of treatment utilized to control, prevent, or eradicate the progression of pests, that not only damage agricultural crops and furniture but also cause various ailments in human, affecting the life routine. The primary step in professional pest control services is inspection, followed by physical, chemical, biological, or mechanical treatments. Pest control eradicates majorly occurring species like insects, rodents, bed-bugs, and such other organisms, that tend to foster in human habitat.

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Competitive Landscape

The global pest control market is highly competitive and fragmented in nature, which consists of various players such as BASF SE, Rollins, Inc., Rentokil Initial Plc., Bayer AG, Ecolab, The ServiceMaster Company LLC, FMC Corporation, Anticimex, Syngenta, Terminix UK Ltd, Dodson Pest Control, Inc., and Lindsey Pest Services among others.
Amidst the COVID19 pandemic, the market players tend to maintain complete precautions with PPE kits, masks, social distancing, and work-place security, to ensure the safety of their workers to maintain the flow of business, thereby promoting the growth of pest control market.

Recently in April 2020, the very well-known player of pest control market, Terminix UK Ltd., launched their unique ‘HomeBox,’ a social distance pest control service solution, in homes and businesses across the UK to ensure the safety of its customers, hence strengthening the consumers to fight against COVID19 pandemic. The HomeBox is specifically designed to kill rodents, ants, and cockroaches. Along with professional assistance from industry experts, the HomeBox allows the user to confirm with regulatory guidance on social distancing.

Furthermore, the prominent players are employing strategic collaborations, joint ventures, mergers, and acquisition in-order to gain stronger position in pest control market.

For instance, in February 2020, Rollins Inc., one of the major players of pest control market, announced that its subsidiary company, Clark Pest Control under Stockton, Inc., has completed the acquisition of Clark Pest Control, Inc., based in Bakersfield, CA.

Furthermore, in May 2020, FMC corporation, the leading manufacturer in pest control market, announced to acquire Fluindapyr Active Ingredient Assets costing approximately $60 million, with an objective to become the sole-owner of Fluindapyr and its intellectual property. This acquisition shall expand FMC's fungicide portfolio reinforcing it with global rights to novel broad-spectrum of fungicides.

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Market Segmentations and Scope of the Study:

The global pest control market share has been analyzed based on pest type, control method, method of application, application, and geography.
Based on pest type, the pest control market is segmented into insects, termites, rodents, and wildlife. Based on control method, the market is divided into chemical, biological, and mechanical treatment methods. Based on mode of application, the market is divided into sprays, baits, and traps. Based on application, the pest control market is divided into residential, industrial, and commercial. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America region represents a developed market, and is expected to dominate the global pest control market throughout the forecast period, accounting for the highest market share. This is attributed to advancement in product formulations, higher prevalence of maintaining health & hygiene in homes and offices, and presence of key market players in this region.

Asia Pacific region is expected to grow with the highest CAGR values in the global pest control market, demonstrating a substantial market growth. This is due to rapid urbanization, uneven climatic conditions as well as untapped market opportunities offered by the emerging economies specifically India, China, and Japan, present in this region.

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