Pest Control Global Market Report 2024 by The Business Research Company | 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.,

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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Pest Control Market Major Segments
The pest control market covered in this report is segmented -

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

Key Driver - Increasing Urbanization Is Anticipated To Fuel The Pest Control Market

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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Prominent Trend - Technological Innovations Offer Eco-Friendly Solutions In The Pest Control Market

Technological advancements are shaping the pest control market. Certain technologies will prevent or reduce the impact on nature. These will include the destruction of crops by humans and scheduled planting operations. For instance, in March 2021, Bayer AG, a Germany-based biotechnology and pharmaceutical company, launched Vynyty Citrus, a crop protection product based on pheromones and biology that will control pests on citrus farms. Vynyty Citrus container is an innovative tool with an active liquid inside of it that doesn't cause resistance or residues to build up in harvests or the environment. It is the first product of its kind to be available on the market and is made with natural pyrethrum and pheromones to control pests in citrus fruits. By interfering with pests' mating rituals, pheromones effectively suppress pest populations by preventing pest reproduction.

Pest Control Market Players
Major companies operating in the pest control market include 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

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Largest And Fastest Growing Region In The Market
North America was the largest region in the pest control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pest control market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pest Control Market Report Structure
3. Pest Control Market Trends And Strategies
4. Pest Control Market - Macro Economic Scenario
5. Pest Control Market Size And Growth
…..
27. Pest Control Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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