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Exploring Growth Opportunities in the Pest Control Market || Asante Inc., Bayer AG, Cleankill Pest Control
Pest Control Global Market Report 2024
The Business Research Company presents an extensive market research report on the Pest Control Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The pest control market size has grown strongly in recent years. It will grow from $22.91 billion in 2023 to $24.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to health concerns related to pests, agriculture and food supply protection, urbanization and increased human population, regulatory requirements for pest management, expansion of the hospitality industry.
The pest control market size is expected to see strong growth in the next few years. It will grow to $34.53 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to sustainable and eco-friendly pest control methods, growing pest resistance to traditional chemicals, use of digital monitoring and data analytics, organic and natural pest control solutions, expansion of integrated pest management (ipm).. Major trends in the forecast period include remote pest control services and apps, ai and machine learning for pest prediction, adoption of non-lethal pest management, regulatory emphasis on pesticide reduction, collaboration between pest control and agriculture.
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Key Market Players:
Asante Inc., Bayer AG, Cleankill Pest Control, Dodson Pest Control Inc., Eco Environmental Services Ltd., Lindsey Pest Services, NBC Environment, Rentokil Initial plc, Rollins Inc., ServiceMaster Global Holdings Inc., Syngenta Crop Protection LLC, Terminix Sis India Pvt Ltd., Truly Nolen Pest Control, Adama Ltd., Atalian Servest Co., Bell Laboratories Inc., JG Pest Control, Massey Services Inc., PelGar International Ltd., Ecolab Inc., Anticimex International AB, Arrow Exterminators Inc., Clark Pest Control, Presto-X Pest Control, JP McHale Pest Management Inc., Western Exterminator Co. Inc., Rose Pest Solutions, ABC Home & Commercial Services, J.C. Ehrlich, Plunkett's Pest Control are prominent players in the industry.
Market Drivers:
The increasing urbanization is expected to propel the growth of the pest control market going forward. Urbanization refers to the process by which rural areas become urbanized as a result of economic development and industrialization. Pest control is essential in urbanization to manage and mitigate the adverse effects of pests on public health, infrastructure, and the environment. For instance, in April 2023, according to the World Bank Group, a US-based bank, reported that currently, more than half of the global population resides in urban regions. By 2045, this urban population is projected to surge to 6 billion, marking 1.5 times increase. Therefore, the increasing urbanization is driving the growth of the pest control market.
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Market Segments Include:
1) By Pest Type: Insects, Termites, Rodents, Wildlife
2) By Control Method: Chemical, Mechanical, Biological
3) By Mode of Application: Powder, Sprays, Pellets, Traps, Baits
4) By Application: Commercial, Residential, Agriculture, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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