Pest Control Services Market is poised to grow at a robust CAGR during the forecast period | Size, Share & Growth AnalysisThe Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
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The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was calculated around USD 13 billion in 2019 and is expected to reach USD 21 billion by the end of 2027, which is expected to accelerate the Pest Control Services Market share in the approaching years. Moreover, growing adoption of advanced technologies by farmers such as Artificial Intelligence (AI) to generate accurate data related to diseases and pests, consumers inclination towards maintaining health and hygiene and improvements in the living standards. In addition, the increasing investments bit leading players on research and development, strategic alliances and partnerships between companies and growing disposable incomes, are further contributing towards the market growth.
However, growth of the Pest Control Services Market is hindered due to concerns related to the level of toxicity in pesticides.
The major players operating in the Pest Control Services Market includes The ServiceMaster Company LLC, Ecolab Inc., AKA Pest Control, Orkin, LLC, The Terminix International Company, Rentokil Initial plc, Rollins Inc., Green Pest Solutions, Southern Pest Control, Crystal Pest Control, LLC, Massey Services Inc. and Great Lakes Pest Control Co., Inc., among others.
Based on Service Type, the Mechanical Control Services segment is predicted to grow at a significant CAGR during the forecast period
Rising awareness about the negative effects of chemical pest services and increasing availability of organic pesticides, are propelling growth of the segment.
Based on End-Users, the Residential segment is projected to capture the largest market share over the forecast period
Rise in the construction of residential buildings, busy lifestyles and increasing fly population, are pushing the demand for pest control services in residential apartments.
Based on Region, the North American region is projected to grow at fastest CAGR during the forecast period
Growing concerns related to climate change, presence of the leading players such as Massey Services Inc., Great Lakes Pest Control Co., Inc., and The ServiceMaster Company LLC, increasing fly population, growing demand for organic pests and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.
In 2019, Rentokil Initial plc, completed the acquisition of Florida Pest Control, a pest management business. Through this acquisition, the company planned build customer density and to increase its market presence in the North America region.
Segmentation by Service Type
Chemical Control Services
Mechanical Control Services
Segmentation by Application
Segmentation by Pest Control Products
Segmentation by End-Users
Segmentation by Region
Rest of APAC
United States of America
Rest of Europe
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