Pest Control Market is Projected to Reach $32.8 billion by 2028

According to a research report titled "Pest Control Market by Control Method, Pest Type, Mode of Application, Application, and Region - Global Forecast to 2028" published by MarketsandMarkets, the pest control market is projected to grow significantly. The market is estimated to reach USD 32.8 billion by 2028, up from an estimated USD 24.9 billion in 2023, exhibiting a CAGR of 5.7% in terms of value during the forecast period.

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The utilization of pest control products and services is being driven by evolving needs and priorities across individuals, businesses, and industries. Increased awareness of health risks associated with pests has led to a higher demand for proactive pest management. Additionally, urbanization and population density shifts have created environments conducive to pest infestations, necessitating effective control measures.

The residential segment holds the largest share of the pest control market by application. Pest control products catering to residential needs are crucial for maintaining safe and comfortable living spaces. These products address common household pests like insects (ants, cockroaches, spiders, termites) and rodents (mice, rats), making them essential for homeowners.

Insects account for the largest share of the pest control market by value. The global increase in the insect population due to urbanization and climate change has fueled the need for pest management. Insects such as bedbugs, cockroaches, mosquitoes, and flies are vectors of diseases, making pest control imperative.

Among the modes of application, the sprays segment holds the largest market share. Sprays are favored for their liquid chemical formulations, offering quick and easy application. Their uniform distribution ensures consistent exposure of pests to active ingredients, enhancing effectiveness while reducing property losses. Different nozzle designs and spray patterns allow targeted application.

The chemical segment dominates the pest control market by control method. Chemical pesticides are preferred for their quick action, effectiveness, and relatively low cost. They offer rapid control of pest populations and work across various weather conditions and growth stages of pests, making them a reliable solution.

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In terms of regional dominance, North America leads the global pest control market. The region's growth is driven by increasing adoption of sustainable pest control practices, stringent industry regulations, and advancements in pest control technologies. These factors have made treatments more efficient, targeted, and environmentally friendly in North America.

Key players in the market include Bayer AG, Corteva Agriscience, BASF SE, Sumitomo Chemical Co. Ltd., Syngenta AG, Rentokil Initial plc, Anticimex, Rollins, Inc., ATGC Biotech Pvt Ltd., Ecolab Inc., FMC Corporation, De Sangosse, Bell Laboratories, PelGar International, and Fort Products Limited.

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